The Best Mortgage Lenders in Beaverton, OR
Compare verified mortgage lenders serving Beaverton, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Beaverton
Featured Mortgage Lenders
OnPoint Mortgage Team
OnPoint Community Credit Union
OnPoint Community Credit Union stands out as one of Oregon's most trusted mortgage lenders with deep roots in the Beaverton area. As a member-owned financial cooperative, they consistently receive exceptional ratings for their personalized service, competitive rates, and local underwriting expertise. Their mortgage team specializes in first-time homebuyer programs and offers exclusive member benefits including rate discounts and flexible qualification criteria. With multiple branches throughout the Portland metro area, they provide convenient in-person service combined with digital mortgage tools.
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Cornerstone Mortgage Group
Cornerstone Mortgage Group
Cornerstone Mortgage Group is a highly-rated local mortgage broker with their main office located directly in Beaverton. They excel at finding creative financing solutions and have built an outstanding reputation for exceptional customer service and deep knowledge of the local real estate market. As mortgage brokers, they work with multiple lenders to secure the best possible terms for their clients. Their team specializes in complex loan scenarios and offers personalized guidance throughout the entire homebuying process, earning them consistent 5-star reviews from Beaverton area homebuyers.
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Guild Mortgage Company
Guild Mortgage Company
Guild Mortgage maintains a strong presence in the Beaverton market through their experienced Portland-area loan officers who specialize in serving Washington County homebuyers. As a national lender with deep local expertise, they offer an exceptional range of loan programs including specialized down payment assistance options perfect for the Beaverton market. They're particularly noted for their efficient processing times and excellent communication throughout the loan process. Guild consistently receives high marks for their educational approach to mortgage lending and their ability to close loans on time.
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Frequently Asked Questions
Common questions about mortgage lending in Beaverton, OR
Are there any special first-time homebuyer programs available in Beaverton, OR?
Yes, Beaverton homebuyers can access the Oregon Bond Residential Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the City of Beaverton itself offers the "Beaverton First-Time Homebuyer Loan Program," providing up to $15,000 in a 0% interest, deferred-payment loan for down payment and closing costs to income-qualified buyers purchasing within city limits.
How does the competitive Beaverton housing market affect the mortgage process?
The fast-paced market often requires buyers to make strong, non-contingent offers. This makes a robust pre-approval from a local lender, who understands appraisal challenges in a rising market, absolutely critical. You may need to be prepared for potential appraisal gaps where the offer price exceeds the appraised value, requiring additional cash to close.
What are typical property tax rates in Beaverton, and how do they impact my monthly mortgage payment?
Property tax rates in Washington County, where Beaverton is located, are approximately 1.1% to 1.3% of assessed value annually. This translates to a significant monthly escrow payment; for a $600,000 home, expect to pay $550-$650 per month in taxes alone. Your lender will calculate this precisely to ensure your debt-to-income ratio is accurate.
Are there specific loan considerations for buying a home in one of Beaverton's many planned communities or HOAs?
Absolutely. Many Beaverton neighborhoods, like those near the Progress Ridge TownSquare, have mandatory Homeowners Associations (HOAs). Your lender will need the HOA's covenants, conditions, and restrictions (CC&Rs) and budget to factor dues (often $50-$300/month) into your debt-to-income ratio and ensure the community is financially stable and approved for lending.
Does Beaverton's location in a high seismic hazard zone affect mortgage requirements?
It can. While not a universal requirement, some lenders may request or recommend a separate earthquake insurance policy, especially for older homes. This is not typically included in a standard homeowner's policy and would be an additional monthly cost to consider, impacting your overall housing budget.
Why Choose a Mortgage Lender in Beaverton?
Local Market Knowledge
Lenders who understand Beaverton'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 Beaverton and get competitive rates on your home loan.