Oregon Mortgage Rates

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$ 1,714 /mo
$ 1,741 /mo
$ 1,768 /mo
$ 1,796 /mo
$ 1,824 /mo
$ 1,852 /mo
$ 1,881 /mo
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Whether you’re buying a home or ready to refinance, our professionals can help.

Live Oregon Mortgage Rates

The State of Oregon has seen increases to its median home value on a statewide basis in recent years. Sammamish Mortgage has been serving customers in the State of Oregon since 1992 and can give you a competitive mortgage rate for your Oregon home purchase. A good mortgage rate can translate into large savings over the course of your mortgage loan. This is why it’s imperative that you obtain the best possible rate. Contact Sammamish Mortgage today if you’d like a mortgage rate quote.

Oregon Offers a Lot to Buyers

The State of Oregon is an attractive option to buy a home for a wide variety of reasons. Oregon’s attractiveness is reflected in its recent home value statistics. Oregon currently has a median home value of approximately $482,347, as of January 2022. The market is classified as a warm market, which means that there will likely be some gains over the next 12 months. It also means that buyers may encounter a bidding war if they go to make an offer on an Oregon property.

Nestled between Washington to its north and California to its south, the State of Oregon has plenty of things going for it. Oregon has many highly desirable cities, educational institutions, state parks, sports franchises, and opportunities for recreational activity. As for attractive cities, Oregon has great places like Portland, Salem, Eugene, Willamette, Medford, and others.

If you’re a sports fan, you can get tickets to watch the Portland Trailblazers or the Portland Timberwolves. Oregon has plenty of parks, such as Crater Lake National Park and Tillamook State Forest. Simply put, Oregon has lots to offer new buyers. If you’re looking to make Oregon your new home, you’ll likely be very satisfied with your decision. View Oregon Market forecast for 2022.

Understanding Your Quote and Percentage Rate

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.

  • Detailed costs breakdown: Click on the “view” tab under “details” to see an itemized list of all estimated costs.
  • Rate & APR: Your rate is the anticipated interest rate. The APR is the total cost of your loan, expressed as an annual percentage rate.
  • Origination charges: Sammamish Mortgage doesn’t charge industry-standard lender fees, so the amount for “origination fee” will typically be zero.
  • Discount points: You can buy “points” by paying an amount for each point equal to 1% of the purchase price, and lower your interest rate by up to a quarter of a percent for each point purchased.
  • Monthly mortgage payment: This includes the principal and interest included in your base monthly payment.
  • Estimated third-party charges: This includes the wide range of fees included in your closing costs.
  • Closing costs: The closing cost total listed includes everything except prepaid items such as property taxes, homeowner’s insurance, and daily interest.
  • Private mortgage insurance premiums: PMI is required on loan to value (LTV) ratios over 80% (except on VA loans). We offer reduced PMI options with as little as 3% down.
  • Rate locks: We can lock your rate from 30 up to 180 days.

Why Sammamish?

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.

Rates Depend on Multiple Factors

Sammamish Mortgage makes use of an innovative software platform that provides you with an instant rate quote. The system does this by comparing multiple lenders and investors from across the US, providing real-time results. All you need to do to get your rate quote is to input a few pieces of information, and within seconds, you’ll receive an accurate breakdown of the interest rates and costs available for you. You won’t have to supply any personal information to obtain this data, either. The mortgage experts at Sammamish Mortgage always work to ensure that the best interests of our clients are always met.

Loan Purpose

The term “loan purpose” is used in the mortgage industry in the US to describe the reason why an applicant is looking to apply for a loan. The lender will use the purpose of the loan to make decisions on the risk level of the borrower. The loan purpose could also affect the interest rate offered by the lender. The most common examples include purchase, rate/term refinance (no cash-out refinance) and cash-out refinance.

Down Payment

The down payment refers to the equity amount that the buyer puts towards the purchase price of a home. For instance, a home being purchased for $500,000 with a $100,000 down payment means the buyer will have 20% equity in the new home. In general a larger down payment results in better rates and closing costs for your loan. Down payments below 20% usually require some form of mortgage insurance which would be an added cost to you. The exception is for VA financing.

Loan Amount

This term refers to the amount that the borrower must pay back to the lender as stipulated in the loan contract. The loan amount is one of the main factors in determining what rate and loan program you’ll be eligible for. For the most common loan programs such as conforming or FHA financing there are loan limits. Anything above those limits results in a borrower being ineligible for that program and subject to different rates and fees. In general VA loans have the best terms followed by conforming loans and select jumbo loans for really qualified borrowers or high net worth clients.

Credit Score

A credit score is a numerical figure that expresses the creditworthiness of a consumer. A higher credit score is better when it comes to taking out a loan, as it reduces the lender’s risk when loaning out funds. A credit score is affected by repayment history, number and age of open accounts, total debt levels, and credit utilization. Credit is a key deciding factor in determining what rates and costs you’re eligible for. High credit scores over 740 will get you the best rates available. Adjustments to the terms available for most loan programs occur in 20 point increments. For example the second best credit score range would be 720-739, then 700-719 and so on.  Once your scores drop below 640 the programs you will qualify for will be severely limited.

Purchase Price

The purchase price refers to the price that a buyer pays for a property.

Property Type

Property type refers to the characteristics and configuration of a dwelling. For instance, detached homes, townhomes, and condos are all examples of different property types. Single Family Home will have the best terms when compared to other property types. Provided you put down more than 25% condos will be second best followed by multi-family 1-4 units. Properties like co-ops and manufactured homes will usually have higher rates and it will be more difficult to find lenders that will accept those property types.


Occupancy refers to the status of the people living in a home. For example, a home may be occupied by the owners, or by tenants who pay the owner rent in exchange for the right to live in the home. Owner Occupied homes will have the best rates followed by second homes (vacation homes that are not rented) and investment properties which include any property that does not fit the classification of a primary residence or second home. This includes rental properties, homes a family member occupies for free or a speculative property that is vacant.

Loan Program

A loan program or loan type refers to the type of loan being taken out to finance the purchase of a property. In the US, common mortgage loan programs include fixed-rate mortgages, variable-rate mortgages, conforming loans, FHA loans, and VA loans. Fixed-rate loans can come with different terms such as a 30 year fixed, 20 year or 15 year fixed. ARM’s or adjustable rate mortgages are usually fixed for a specified period of time and then adjust annually after the initial fixed rate period.

Rate quote isn’t what you expected?

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 25 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!

Our Reviews

Vasanthkumar V
January 13, 2022
I felt great with overall experience. The team was transparent and kept me updated on every step of the mortgage process. I was satisfied with the entire process, people and the system. Kudos!
Andrew W
January 12, 2022
Relieved! I was doing a refi with another company and 6 months later it still wasn't done. Sammamish came in, was professional, responsive, swift in execution. I cannot express how grateful I am that this process was so much easier and gave me back time to focus on family and work. Thank you for being true professionals!
Charlynn YQ
January 11, 2022
We are beyond grateful for Nick Onstad-Hawes and his team! This is our third time working with Nick. He is knowledgeable, consistent, patient and kind. It's a challenge when you have to work with three owners/borrowers and deliver great service. When I think of integrity in business/company, Sammamish Mortgage is on top of my list. I like to pay it forward by referring them to anyone I know that would like to work with a Mortgage Lender. We hope to continue to work with Nick ! Charlynn
Tyler Stenzel
December 17, 2021
Sammamish Mortgage was awesome and Id recommend them to anyone. They helped me through my refinance and the whole process was done online, which made it very easy for me. Highly recommended!
Tyler S
December 17, 2021
Sammamish Mortgage was awesome and Id recommend them to anyone. They helped me through my refinance and the whole process was done online, which made it very easy for me. Highly recommended!
Marc S
December 16, 2021
Excellent service and very smooth experience. I have been a loyal Sammamish Mortgage customer for over 20 years and will continue to be one in the future.
Wanda Hill
December 16, 2021
Form start to finish Sammamish Mortgage treats you as a valued customer. Questions were answered quickly and all concerns were heard. We have used them before and this time we were just as pleased with the quick refinance. I will happily recommend them to others.

Sammamish Mortgage Can Help You with a Rate Quote

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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!

  • Sammamish Mortgage No Cost Program
  • Live Real-Time Custom Rates and Costs
  • Low Mortgage Rate Quotes and Fees
  • Detailed Cost Breakdown
  • On Time Closing
  • Transparency In All We Do
  • Unparalleled Reputation
  • Communication Is Key
  • Reduced Monthly PMI
  • Fast Appraisals
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