Today’s Mortgage Rates in Salem

Get today’s mortgage and refinance rates plus current home buying and refinance advice for Salem residents.
  • Interest Rate
  • APR

* $800,000 | 30-Yr-fixed | Credit Score 800+ | 25% Down Payment

Your Trusted Mortgage Partner in Salem, OR Since 1992

Set out on your journey to homeownership in Salem with a dedicated ally by your side. Sammamish Mortgage has been helping Salem’s community realize their dreams of owning a home for over three decades. From the picturesque Willamette Valley vineyards to the historic charm of downtown Salem, our expertise in the local market ensures a seamless and informed mortgage process for you.

Understanding Mortgage Rates in Salem

As you explore Salem’s welcoming real estate market, keep in mind that mortgage rates can fluctuate due to various factors:

  • Your chosen mortgage lender
  • Prevailing market interest rates
  • The size of your down payment
  • Your credit history
  • The mortgage type you opt for
  • Fees and overall closing costs

Salem’s Reliable Mortgage Experts

Securing the most competitive mortgage rate in Salem requires partnering with a lender who values honesty and clarity. At Sammamish Mortgage, our Loan Officers are salaried professionals who focus on your needs first, offering customized, straightforward advice without any commission-driven bias.

Salem’s Diverse Housing Market

Salem presents a range of housing options to suit all preferences, from quaint cottages in peaceful neighborhoods to contemporary homes close to the city’s bustling center. The variety ensures that every homebuyer can find a place to call home.

Tailored Home Loan Programs in Salem

Reflecting the varied needs of its residents, Salem benefits from our comprehensive range of loan programs. Whether you are purchasing your first home or are interested in refinancing, we are prepared with the right solution to meet your goals.

Salem Mortgage Lenders

Looking for the best mortgage rate? Working with the right mortgage company can help you save thousands. While it can be tempting to just go to your community credit union, they won’t be able to give you as many options. Likewise, avoid “mortgage brokers” and look for a full service lender. Preferably, choose a mortgage bank that has a team of highly experience Loan Officers. You want the best advice possible on the right mortgage for you, not just the biggest loan.


Salem Home Loan Programs

Salem borrowers have plenty of real estate loan options. Check out these different types of popular loan programs and compare details:

30-year fixed rate loans

30-year fixed rate conventional loans make it easy for Oregon home buyers to afford a home, with low monthly mortgage loan payments in trade for more interest paid over the loan term.

VA loans

Active service members, surviving military spouses, and veterans can all apply to get a VA loan. These are very attractive since you may not need a down payment.

FHA loans

A first-time home buyer can benefit from a FHA loan, especially if you need some flexibility to make up for low income, a low down payment, or a below average credit score.

Jumbo loans

Borrowers living in a pricey zip code can benefit from a jumbo loan that can get around conventional loan limits and help you purchase a home in the best location.

Other Cities We Service in Oregon:

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Whether you’re buying a home or ready to refinance, our professionals can help.

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