Accurate Portland Mortgage Rates and Costs in Seconds
Total Closing Costs shown include ALL lender and third party fees
Welcome to the Portland, Oregon mortgage rates page. You can use the form provided above to get accurate and current mortgage rates for the Portland area, and you don’t even have to provide your name. Please see our disclosures below.
Get Current Portland, OR Mortgage Rates in Seconds
Using the form provided above, you can see today’s Portland mortgage rates tailored to the type of loan you need. This is a better way to shop, when compared to websites that offer average rates. Our pricing tool will show you what kind of mortgage interest rate you might qualify for, based on your particular situation.
You do not have to provide any personal information to obtain current rates. Just enter some basic information about the type of loan you want, along with the location and price of the home. You’ll then be able to view current Portland, Oregon mortgage rates that fit your parameters.
A Quick Guide to Home Loan Rates
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 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 products 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, Oregon. 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 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 terms shown through the tool above are not available for current loans that are locked and in process with Sammamish Mortgage. A loan-to-value ratio above 80% may require PMI.
The Total Closing Costs shown in the chart above includes all lender and third-party fees including underwriting, processing, application, administrative, origination, discount points, title insurance, appraisal, escrow closing fee, credit report, county recording, flood certification, doc prep and tax service fee.
The only items not included in the Total Closing Cost calculation are your prepaid items which consist of your property taxes, homeowner’s insurance, and daily interest.