Whether you’re buying a home or ready to refinance, our professionals can help.
Over 15 years ago we decided to be one of the first mortgage companies to allow our clients to get rates and costs online with our online rate quote tool. This transparency has helped us build trust with our clients and empowered them to take control of the mortgage process and with guidance from our experienced Mortgage Advisors make informed decisions on what loan structure works best for their specific situation.
Today’s Portland, Oregon, mortgage rates can be tailored to the type of loan you need. This is a better way to shop when compared to websites that only offer average mortgage rates. Our pricing tool will show you what kind of Oregon mortgage interest rate you might qualify for, based on your particular situation.
Home loan rates vary based on a number of factors. The type of mortgage loan you use has a major impact on the rate you receive from a mortgage lender. For example, adjustable (ARM) loans tend to have lower mortgage rates during the first few years than the more popular fixed-rate loans. This is what attracts some borrowers to the adjustable mortgage programs in the first place.
There are other factors that affect your rate as well. Your credit score will also play a role as you shop for mortgage rates in Portland, OR. This three-digit number gives banks and lenders some insight into how you have borrowed and repaid money in the past. Generally speaking, a higher score will help a borrower qualify for a better rate, while a lower score could have the opposite effect.
Business and pricing models also affect Portland, Oregon, mortgage rates. Some companies are able to offer lower, more competitive rates simply because of the way they do business. For example, our company is able to offer excellent prices on mortgage loans due to the quality relationships we’ve built with our lending partners.
The city of Portland, OR, has a thriving real estate market. If we look at the characteristics of this town, it’s not hard to see why this is the case. As of January 2022, the median value home in Portland, OR, was approximately $558,008. Portland has seen significant increases in its home values in recent years. This is due to its economy, its scenery, pleasant neighborhoods, and many opportunities for recreation.
Portland is home to two major professional sports franchises, and so if you’re a competitive sports fan, this town may be right for you. Depending on the season, you’ll be able to attend either a Portland Trailblazers game (of the NBA) or a Portland Timberwolves game (of the MLS).
Some of the neighborhoods in the city of Portland rival the most charming neighborhoods of any other prominent city in the Pacific Northwest. Some of these neighborhoods include Collins View, Woodstock, Richmond, Irvington, Alberta, and many others. Portland also boasts several highly attractive parks, including Laurelhurst Park and Mt. Tabor Park. These are just some of the reasons why Portland continues to attract many new buyers to its real estate market.
Your rate quote is based on a variety of factors (including your credit score, down payment, and purchase price) and delivers the most accurate results possible based on your inputs.
One of the big advantages of applying for mortgage rate quotes and preapproval through Sammamish Mortgage is that we charge none of the traditional lender fees added by mortgage brokers.
We also pay our Loan Officers a salary instead of a commission based on the loan amount, so they are motivated to help you find the best home loan, not just sell you the biggest loan.
If you are ready to move forward, you can view rates, obtain a customized quote using our Instant Rate Quote tool, or apply for preapproval directly from our website.
Mortgage rates depend on a wide range of different factors. Just one of these factors is points and closing costs paid at closing. Additional factors that can affect your mortgage rate is credit score, down payment, property type, occupancy, loan program and number of days you are locking your rate. The rate quote tool quotes custom rates and costs based on your specific criteria to give you the most accurate reflection of what your rate will be without submitting a full application.
Understanding which rate and cost option best suites your situation isn’t easy. This is where the mortgage specialists at Sammamish Mortgage come into play. Our specialists are available to answer any questions you have, but they can also counsel you on which loan structure will best fit into your long-term financial plan.
If your instant rate quote isn’t what you expected, we can provide counsel on how to potentially transform your quote into something more acceptable. Sammamish Mortgage is a family-owned mortgage company with over 29 years of experience in the industry. We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR and CO. If you’re looking to buy a home in one of these states, we can help!
We proudly serve customers in the Pacific Northwest region. We serve WA, ID, OR and CO. If you’re looking to buy a home in one of these states, we can help!
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