The Best Mortgage Lenders in Amity, OR
Compare verified mortgage lenders serving Amity, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Amity
Featured Mortgage Lenders
Mortgage Express Team
Guild Mortgage
Guild Mortgage's McMinnville office, led by experienced loan officer Jennifer Schultz and her Mortgage Express Team, is one of the highest-rated mortgage lenders serving Yamhill County including Amity. With over 175 excellent reviews highlighting their personalized service and local expertise, they specialize in helping rural and small-town homebuyers navigate the mortgage process. Their deep understanding of local property markets and strong relationships with real estate professionals throughout the Willamette Valley make them a top choice for Amity residents seeking conventional, government, and specialty loan programs.
Loan Types:
OnPoint Community Credit Union Mortgage Department
OnPoint Community Credit Union
OnPoint Community Credit Union maintains a strong presence throughout Oregon's Willamette Valley and serves Amity residents with competitive mortgage rates and exceptional member service. As one of Oregon's largest credit unions with over 90 years of operation, they offer significant advantages including lower fees and personalized mortgage counseling. Their mortgage team specializes in rural properties and first-time homebuyer programs, with many positive reviews citing their transparency, competitive rates, and commitment to helping members achieve homeownership throughout Yamhill County.
Loan Types:
Umpqua Bank Mortgage Division
Umpqua Bank
Umpqua Bank, as Oregon's largest home-grown bank, has deep roots in serving communities throughout the state including Amity and Yamhill County. Their Salem mortgage center provides comprehensive lending services with a focus on personalized customer experience and local market expertise. With consistently high ratings for their mortgage services, they offer specialized programs for rural properties and agricultural areas, making them particularly well-suited for Amity's housing market. Their long-standing community presence and extensive branch network throughout Oregon provide convenience and local decision-making authority.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Amity, OR
Are there any special loan programs for first-time homebuyers in Amity, Oregon?
Yes, the Oregon Bond Residential Loan Program (aka Oregon First) is a popular option for first-time buyers in Amity, offering competitive interest rates and down payment assistance. Additionally, the USDA Rural Development loan is widely applicable in Amity, as the city qualifies for its 0% down payment program, making homeownership more accessible in this rural community.
How does Amity's location in the Willamette Valley wine country affect property taxes and insurance costs for a mortgage?
While Amity itself has modest property tax rates, being in Yamhill County, the total tax bill can be influenced by local levies for schools and services. For insurance, lenders may require additional coverage if your property is near vineyards or farmland due to specific agricultural or seasonal risks, which can slightly increase your monthly escrow payment.
What is the typical down payment needed for a home in Amity's market?
While 20% is standard to avoid private mortgage insurance (PMI), many buyers in Amity utilize programs like USDA loans (0% down) or FHA loans (3.5% down) due to the area's median home prices. For a conventional loan, local lenders often work with buyers on down payments of 5-10%, especially for properties in the $400,000 to $600,000 range common in the area.
Are there local lenders in Amity or nearby towns who understand the specific appraisal challenges for rural properties?
Yes, working with a local lender from McMinnville, Newberg, or Salem is highly recommended. They have appraisers familiar with valuing unique Amity properties, such as homes on larger lots, with wells/septic systems, or with outbuildings, ensuring the appraisal process accurately reflects the property's worth and avoids common rural valuation delays.
Does Amity have any city-specific grant or assistance programs for homebuyers?
Amity does not currently have a standalone city-run program, but homebuyers should explore Yamhill County's housing resources and statewide programs. The Oregon Down Payment Assistance (DPA) program, often paired with Oregon First loans, can provide several thousand dollars in help, which is particularly useful for buyers targeting Amity's entry-level homes.
Why Choose a Mortgage Lender in Amity?
Local Market Knowledge
Lenders who understand Amity's housing market can offer better guidance and competitive rates.
Multiple Loan Options
Access to conventional, FHA, VA, USDA, and jumbo loans tailored to your financial situation.
Proven Track Record
Work with lenders who have years of experience and hundreds of satisfied customers in Oregon.
Ready to Find Your Perfect Mortgage Lender?
Connect with top-rated mortgage professionals in Amity and get competitive rates on your home loan.