The Best Mortgage Lenders in Aurora, OR
Compare verified mortgage lenders serving Aurora, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Aurora
Featured Mortgage Lenders
Guild Mortgage Company
Guild Mortgage Company - Wilsonville Branch
Guild Mortgage has been serving Oregon communities for decades with a strong local presence in the Portland metropolitan area that extends to Aurora. They are highly rated for their personalized service and extensive loan program options, particularly strong with first-time homebuyer programs and government-backed loans. Their Wilsonville branch is conveniently located just 15 minutes from Aurora and staffs experienced local loan officers who understand the specific market dynamics of the Aurora area.
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OnPoint Community Credit Union
OnPoint Community Credit Union
As Oregon's largest credit union, OnPoint has deep roots in the community and serves members throughout the Aurora area. They are renowned for competitive rates, low fees, and exceptional member service. Their mortgage team includes local experts who understand the unique characteristics of the Aurora and Willamette Valley housing markets. OnPoint offers a comprehensive range of mortgage products with particularly strong conventional and VA loan programs, and they consistently receive high marks for their streamlined application process and responsive customer service.
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Advantis Credit Union
Advantis Credit Union
Advantis Credit Union has been serving the Portland metropolitan area for nearly a century and maintains a strong presence throughout Clackamas County, including Aurora. They are particularly respected for their competitive mortgage rates and personalized service approach. The credit union offers a wide variety of mortgage options with special programs for first-time homebuyers and excellent construction loan expertise. Their local loan officers have extensive knowledge of the Aurora market and provide hands-on guidance throughout the entire home buying process.
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Frequently Asked Questions
Common questions about mortgage lending in Aurora, OR
What are the current mortgage rates like in Aurora, OR, and how do they compare to the national average?
Mortgage rates in Aurora typically align closely with national averages, but local lenders may offer competitive rates due to the area's stable market. As of recent trends, rates in the Willamette Valley can sometimes be slightly more favorable for conventional loans than in larger metropolitan areas. It's best to compare offers from both local credit unions, like OnPoint or Unitus, and national lenders to secure the best rate for your situation.
Are there any down payment assistance programs specifically for first-time homebuyers in Aurora?
Yes, the Oregon Bond Residential Loan Program (aka the "Oregon Bond Loan") is a key resource for first-time homebuyers in Aurora, offering competitive interest rates and down payment assistance. Additionally, the city is served by statewide programs like the Portland Housing Center, which provides education and access to down payment assistance for qualified buyers in the metro region, including parts of Marion County.
How does Aurora's location in the Portland Metro Urban Growth Boundary affect property values and mortgage lending?
Aurora's inclusion in the Metro Urban Growth Boundary helps maintain stable property values by managing land supply, which lenders view favorably. This planning can lead to consistent, moderate appreciation, making mortgages less risky. However, it also means lot sizes may be smaller, which appraisers and lenders factor into the valuation process for your loan.
What should I know about property taxes and insurance when calculating my monthly mortgage payment in Aurora?
Aurora is in Marion County, which has a property tax rate that typically adds a significant amount to your monthly escrow payment—often between 1% to 1.2% of the home's assessed value annually. For insurance, while flood zones are not a major concern in most of Aurora, you should budget for standard homeowners insurance, which is generally in line with Oregon averages.
Are USDA rural development loans available for homes in Aurora, Oregon?
Yes, parts of Aurora may still be eligible for USDA Rural Development loans, which offer 100% financing. While Aurora is growing, certain census tracts retain USDA eligibility due to their rural character. A local mortgage lender can help you determine if a specific property qualifies for this valuable zero-down-payment program.
Why Choose a Mortgage Lender in Aurora?
Local Market Knowledge
Lenders who understand Aurora'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 Aurora and get competitive rates on your home loan.