The Best Mortgage Lenders in Saint Paul, OR
Compare verified mortgage lenders serving Saint Paul, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Saint Paul
Featured Mortgage Lenders
American Pacific Mortgage
American Pacific Mortgage Corporation
American Pacific Mortgage is a top-rated lender known for its competitive rates and exceptional customer service in the Oregon market. With over 28 years of experience, they specialize in a wide range of loan products and have a strong local presence through their Portland office, serving Saint Paul and surrounding areas. Their high customer satisfaction ratings stem from personalized service, efficient processing, and expertise in both purchase and refinance loans, making them a reliable choice for homebuyers in rural and suburban communities.
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Fairway Independent Mortgage Corp
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corp is highly regarded for its commitment to customer satisfaction and community involvement in the Salem area, including Saint Paul. With nearly three decades of experience, they offer competitive rates and a variety of loan options, supported by a team of local experts. Their reputation is built on transparent processes, quick closings, and strong relationships with real estate professionals, ensuring a smooth mortgage experience for buyers in Marion County and beyond.
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Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage stands out for its innovative lending solutions and strong ethical standards, serving Saint Paul and the wider Oregon region from their Portland base. Founded in 2008, they combine technology with personal service to offer efficient loan approvals and competitive rates. Their focus on community support and customer education, along with a wide array of loan products, has earned them high marks for reliability and satisfaction among homebuyers in both urban and rural settings.
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Frequently Asked Questions
Common questions about mortgage lending in Saint Paul, OR
Are there any special mortgage programs for first-time homebuyers in Saint Paul, Oregon?
Yes, the Oregon Bond Residential Loan Program (also known as the Oregon First-Time Home Buyer Loan) is a popular statewide option available in Saint Paul. This program offers competitive interest rates, down payment assistance, and can be combined with a Mortgage Credit Certificate (MCC) for significant tax savings. Given Saint Paul's more rural setting, some lenders may also offer USDA loans, which require no down payment for eligible buyers in designated areas.
How does Saint Paul's rural location in the Willamette Valley affect my mortgage options?
Saint Paul's designation as a rural area opens up access to USDA Rural Development loans, which are a zero-down-payment option for low-to-moderate income buyers. This can be a major advantage over neighboring urban areas. However, you may find that local lender branches are fewer, so working with a lender experienced in rural Oregon properties and potentially utilizing online mortgage services is common.
What are typical property taxes like in Saint Paul, OR, and how do they impact my mortgage payment?
Property taxes in Marion County, where Saint Paul is located, are relatively moderate for Oregon. The effective tax rate is typically around 0.9% to 1.1% of the assessed value. Your lender will calculate these into your monthly escrow payment, and it's important to note that Oregon's property tax system can cause significant increases if a property is reassessed after sale, which directly affects your total monthly mortgage payment.
Are there local grants or assistance programs specific to Saint Paul for down payment help?
While there are no city-exclusive programs, Saint Paul homebuyers have access to several Marion County and statewide resources. The Oregon Down Payment Assistance (DPA) program provides a second loan to help with down payment and closing costs. Additionally, the **Saint Paul Community Fund** or local credit unions like Maps Credit Union sometimes offer financial education and may have partnerships with broader assistance programs for residents.
How do mortgage rates and fees in Saint Paul compare to nearby cities like Salem or Portland?
Mortgage interest rates are generally standardized nationally, but lender fees and required reserves can vary. In Saint Paul, you might encounter slightly higher fees or more stringent appraisal requirements due to its rural nature and the unique comparables needed for properties with acreage. However, you may find more personalized service and potentially better terms from local community banks or credit unions familiar with the area's agricultural and residential market.
Why Choose a Mortgage Lender in Saint Paul?
Local Market Knowledge
Lenders who understand Saint Paul'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 Saint Paul and get competitive rates on your home loan.