The Best Mortgage Lenders in Hillsboro, OR
Compare verified mortgage lenders serving Hillsboro, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Hillsboro
Featured Mortgage Lenders
OnPoint Community Credit Union
OnPoint Community Credit Union
As Oregon's largest credit union, OnPoint has served the Portland metro area including Hillsboro for over 85 years with exceptional member satisfaction. They consistently earn top ratings for their competitive rates, personalized service, and deep community involvement. Their mortgage team provides comprehensive guidance through the entire home buying process with various loan options tailored to individual needs.
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Mortgage Trust
Mortgage Trust, Inc.
Mortgage Trust is a highly respected Pacific Northwest mortgage banker with three decades of exceptional service to Hillsboro and the greater Portland area. They maintain outstanding customer satisfaction ratings due to their transparent process, competitive pricing, and expert loan officer team. As a direct lender, they offer quick decisions and efficient closings while providing personalized attention throughout the mortgage journey.
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Guild Mortgage
Guild Mortgage Company
Guild Mortgage maintains a strong local presence in the Hillsboro area with their Beaverton branch, offering six decades of mortgage expertise and nationwide resources. They're particularly noted for their exceptional first-time homebuyer programs and specialized loan options. Their dedicated local team combines personalized service with the backing of a major national lender, providing competitive rates and innovative mortgage solutions.
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Frequently Asked Questions
Common questions about mortgage lending in Hillsboro, OR
Are there any down payment assistance programs specifically for first-time homebuyers in Hillsboro?
Yes, the Oregon Bond Residential Loan Program, offered through the Oregon Housing and Community Services (OHCS), is a popular option for Hillsboro buyers. This program provides below-market interest rates and down payment assistance in the form of a second mortgage. Additionally, the City of Hillsboro itself offers the Hillsboro Homebuyer Opportunity Loan (HOL), which provides up to $50,000 in down payment and closing cost assistance for income-qualified buyers purchasing within city limits.
How does Hillsboro's proximity to the Silicon Forest tech corridor impact mortgage lending and homebuying?
The strong presence of major employers like Intel, Nike, and other tech firms creates a competitive and fast-moving housing market. Lenders in the area are very familiar with the income structures of tech employees, including RSUs and bonuses, which can be used for qualifying. However, buyers should be prepared for bidding wars, which may require stronger pre-approvals, larger earnest money deposits, and potentially waiving certain contingencies to be competitive.
What are typical property tax rates in Hillsboro, and how do they affect my monthly mortgage payment?
Property tax rates in Washington County, where Hillsboro is located, are relatively high compared to national averages, typically ranging from 1.1% to 1.3% of the assessed value annually. For a $500,000 home, this translates to roughly $5,500-$6,500 per year, adding approximately $460-$540 to your monthly escrow payment. It's crucial to factor this into your budget, as it significantly impacts your total monthly housing cost.
Are there specific loan considerations for buying a home in one of Hillsboro's many planned communities or newer subdivisions?
Yes, when buying in newer developments like South Hillsboro or AmberGlen, lenders will check if the community is on an approved list for conventional loans (Fannie Mae/Freddie Mac). Some very new phases may have temporary lending restrictions. Furthermore, you must budget for mandatory Homeowners Association (HOA) dues, which lenders will include in your debt-to-income ratio calculation and can affect your loan qualification amount.
How do mortgage rates in Hillsboro compare to the national average, and what local factors influence them?
Mortgage rates in Hillsboro are generally aligned with national averages but can be influenced by local competition among lenders and the overall health of the Portland metro market. Due to the high demand and competitive market, securing a strong pre-approval from a reputable local lender who can offer competitive rates and guarantee a quick closing is often a critical advantage for buyers making an offer.
Nearby Cities
Explore mortgage lenders in cities near Hillsboro, OR
Why Choose a Mortgage Lender in Hillsboro?
Local Market Knowledge
Lenders who understand Hillsboro'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 Hillsboro and get competitive rates on your home loan.