The Best Mortgage Lenders in Gresham, OR
Compare verified mortgage lenders serving Gresham, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Gresham
Featured Mortgage Lenders
OnPoint Community Credit Union
OnPoint Community Credit Union
OnPoint Community Credit Union stands as one of the highest-rated mortgage lenders in the Gresham area with deep community roots and exceptional member satisfaction. As a local credit union with multiple branches in Gresham, they offer personalized service and competitive rates that often outperform national banks. Their mortgage team specializes in first-time homebuyer programs and provides comprehensive guidance through the entire homebuying process. With thousands of positive reviews highlighting their responsive service, transparent communication, and local decision-making authority, OnPoint has built a reputation as a trusted community partner for Gresham residents seeking reliable mortgage financing.
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iServe Lending
iServe Lending
iServe Lending has earned exceptional ratings as a regional mortgage lender with strong presence throughout the Portland metropolitan area, including dedicated service for Gresham homebuyers. Specializing in both purchase and refinance loans, they are particularly noted for their expertise in VA and FHA lending with competitive rate offerings. Their local Portland office ensures Gresham clients receive personalized attention while benefiting from the resources of an established regional lender. Thousands of positive customer reviews consistently praise their efficient processing, clear communication, and ability to close loans on time, making them a top choice for Gresham residents seeking a reliable mortgage experience.
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Supreme Lending
Supreme Lending
Supreme Lending's Portland branch provides exceptional mortgage services to Gresham homebuyers with a strong focus on personalized customer care and competitive loan products. With over two decades of industry experience, they offer a comprehensive range of mortgage options including specialized programs for first-time buyers and construction loans. Their local team of mortgage professionals understands the unique dynamics of the Gresham housing market and provides tailored solutions for each client's financial situation. Consistently high customer ratings highlight their responsive communication, smooth closing processes, and commitment to finding the best possible mortgage terms for Gresham area homebuyers.
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Frequently Asked Questions
Common questions about mortgage lending in Gresham, OR
Are there any special down payment assistance programs for first-time homebuyers in Gresham, OR?
Yes, the Oregon Bond Residential Loan Program, offered through the Oregon Housing and Community Services (OHCS), is a popular option for first-time buyers in Gresham. This program provides competitive interest rates and down payment assistance in the form of a second mortgage that can be forgiven over time. Many local lenders in Gresham are approved to originate these loans, which are particularly helpful given the city's median home prices.
How does Gresham's proximity to Portland affect mortgage lending and property values?
Gresham's status as a major suburb of Portland significantly influences its real estate market, often making it more competitive and price-sensitive to Portland's trends. Lenders are very familiar with the area's appraisal values, which have shown steady growth due to this demand. However, you may find slightly more affordable options in Gresham compared to inner Portland neighborhoods, which can affect loan amounts and required down payments.
What should I know about property taxes and insurance when calculating my mortgage payment in Gresham?
Property taxes in Multnomah County, where Gresham is located, are a key component of your monthly payment and are generally higher than the national average. Additionally, due to Oregon's climate, lenders will require you to secure flood insurance if the property is in a designated flood zone, which can be found in parts of Gresham near Johnson Creek or other waterways. Always factor these into your budget for an accurate total monthly payment.
Are there specific loan programs or considerations for buying a home in Gresham's historic districts?
If you're considering a home in one of Gresham's historic neighborhoods, like the Historic Downtown area, you should explore renovation loans such as the FHA 203(k) or Fannie Mae HomeStyle® loan. These mortgages can finance both the purchase and the cost of renovations, which is crucial for updating older homes while preserving their character. Local lenders with experience in these districts can guide you through the specific appraisal and compliance requirements.
What are typical mortgage rates and lender competition like for borrowers in Gresham?
Mortgage rates in Gresham align with national and regional averages but can vary based on your lender, credit profile, and loan type. The city has a competitive mix of local credit unions, community banks, and national lenders, which can work to your advantage when shopping for a loan. It's highly recommended to get quotes from several Gresham-based institutions, as they may offer special programs or have more flexibility with underwriting for local borrowers.
Why Choose a Mortgage Lender in Gresham?
Local Market Knowledge
Lenders who understand Gresham'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 Gresham and get competitive rates on your home loan.