The Best Mortgage Lenders in Clackamas, OR
Compare verified mortgage lenders serving Clackamas, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Clackamas
Featured Mortgage Lenders
American Pacific Mortgage
American Pacific Mortgage Corporation
American Pacific Mortgage is a highly-rated lender with over 27 years of experience, known for its strong local presence in the Portland metropolitan area, including Clackamas. They offer a wide range of loan products with competitive rates and are praised for their personalized customer service. With numerous positive reviews highlighting their efficiency and expertise, they have built a reputation for reliability and community involvement in Oregon.
Loan Types:
Academy Mortgage
Academy Mortgage Corporation
Academy Mortgage has been serving the Clackamas area for over 25 years, with a focus on providing tailored mortgage solutions and exceptional customer care. They are recognized for their competitive rates, fast processing times, and extensive loan options, including specialized programs for first-time homebuyers. High review counts and consistent ratings reflect their commitment to customer satisfaction and local community support.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a top-rated lender with a strong regional presence, serving Clackamas and surrounding areas with innovative digital tools and personalized service. Founded in 2008, they have quickly gained a reputation for competitive rates, transparency, and efficient loan processing. Their high customer ratings and substantial review counts underscore their reliability and focus on community engagement, making them a trusted choice for homebuyers in Oregon.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Clackamas, OR
Are there any special down payment assistance programs available for homebuyers in Clackamas, Oregon?
Yes, the Oregon Bond Residential Loan Program, offered through the Oregon Housing and Community Services (OHCS), is a key resource for Clackamas County buyers. This program provides competitive interest rates and down payment assistance, which can be particularly helpful given the area's median home prices. Many local lenders are approved to offer these loans, which are especially beneficial for first-time and moderate-income buyers.
How does living in an unincorporated part of Clackamas County versus an incorporated city like Oregon City or Happy Valley affect my mortgage process?
The primary difference often involves property insurance, specifically wildfire risk assessments. Lenders will require a standard homeowner's policy, but properties in more rural, unincorporated areas may face higher premiums or require additional wildfire mitigation documentation. This is less of a concern in denser, incorporated cities with municipal fire services, which can indirectly affect your overall monthly housing cost.
What are typical property tax rates in Clackamas, and how do they impact my mortgage payment?
Clackamas County property tax rates vary by specific district but generally range from approximately 1% to 1.5% of assessed value annually. Your lender will use the specific rate for the property's tax code area to calculate an escrow payment, which is a significant component of your total monthly mortgage payment. It's wise to review the recent tax history of any home you're considering, as rates and assessments can change.
As a first-time homebuyer in Clackamas, should I consider an FHA loan or a conventional loan?
This depends on your credit score and down payment. For buyers with lower credit scores (e.g., below 680) or a minimal down payment (as low as 3.5%), an FHA loan can be a good entry point into the Clackamas market. However, with strong credit, a conventional loan with private mortgage insurance (PMI) can be more cost-effective long-term, especially given the competitive bidding environment often found in popular Clackamas neighborhoods.
Are there specific lenders in Clackamas County that have expertise with local market conditions and programs?
Absolutely. Many regional credit unions, like OnPoint Community Credit Union and Unitus Community Credit Union, have deep roots in the area and are highly knowledgeable about local first-time buyer programs and county-specific nuances. Additionally, local mortgage brokers who operate extensively in the Portland metro area, including Clackamas, can often provide more personalized guidance and access to a wide range of loan products suited to the local market.
Why Choose a Mortgage Lender in Clackamas?
Local Market Knowledge
Lenders who understand Clackamas'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 Clackamas and get competitive rates on your home loan.