The Best Mortgage Lenders in Sherwood, OR
Compare verified mortgage lenders serving Sherwood, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Sherwood
Featured Mortgage Lenders
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation
Fairway Independent Mortgage Corporation is a top-rated lender with a strong presence in the Portland metropolitan area, including Sherwood. Known for exceptional customer service and competitive rates, they have built a reputation for streamlining the mortgage process with personalized guidance. Their loan officers are highly experienced, and they offer a wide range of products, making them a preferred choice for first-time homebuyers and refinancers alike. With numerous positive reviews highlighting their responsiveness and transparency, Fairway is a trusted name in the industry.
Loan Types:
Movement Mortgage
Movement Mortgage, LLC
Movement Mortgage is a highly regarded lender with a significant footprint in Oregon, including Sherwood. They are praised for their fast loan processing and dedicated customer support, often closing loans ahead of schedule. Their community-focused approach and expertise in various loan types, such as VA and FHA, make them a popular option for diverse borrowers. With a strong track record of customer satisfaction and competitive rates, Movement Mortgage consistently receives high marks for reliability and efficiency.
Loan Types:
New American Funding
New American Funding
New American Funding is a well-established lender with a strong reputation for serving the Sherwood area through local loan officers. They offer a comprehensive suite of mortgage products and are particularly noted for their efforts in promoting homeownership within diverse communities. Customers frequently commend their transparent processes, competitive rates, and supportive staff. With years of experience and a commitment to customer education, New American Funding is a reliable choice for both purchase and refinance loans.
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Frequently Asked Questions
Common questions about mortgage lending in Sherwood, OR
Are there any first-time homebuyer assistance programs specific to Sherwood, Oregon?
Yes, the City of Sherwood partners with the Oregon Housing and Community Services (OHCS) to offer the Oregon Bond Residential Loan Program. This program provides below-market interest rates and down payment assistance for qualifying first-time homebuyers purchasing within Sherwood city limits. Additionally, Washington County may offer its own down payment assistance programs that are applicable in Sherwood.
How does Sherwood's proximity to the Portland metro area affect mortgage rates and lending?
Mortgage rates in Sherwood are generally aligned with the broader Portland-Vancouver-Hillsboro MSA, meaning they are influenced by national trends and regional economic factors. However, lenders are very familiar with the Sherwood market due to its steady growth and high demand, which can lead to competitive rate offerings. The city's strong school district and family-friendly reputation can also positively influence property appraisals, which is a key factor in loan approval.
What are the typical property tax rates in Sherwood, and how do they impact my monthly mortgage payment?
Sherwood's property tax rates are composed of levies from the city, Washington County, and local school and service districts, typically resulting in an effective rate of approximately 1.1% to 1.3% of assessed value. This is a critical component of your monthly escrow payment. For a $600,000 home, you can expect annual property taxes of roughly $7,000-$8,000, adding about $580-$670 to your monthly mortgage payment.
Are there specific loan considerations for buying in Sherwood's newer developments versus its established Old Town neighborhood?
Yes, there are key differences. In newer developments (like Sherwood Forest or Laurelwood), lenders may scrutinize builder contracts and the pace of community absorption. In the historic Old Town, homes may be older and require specialized inspections for foundations, wiring, or plumbing, which can affect appraisal conditions and loan underwriting. Some older homes may also be eligible for specific renovation loans like the FHA 203(k).
How competitive is the Sherwood housing market, and what mortgage strategies can help my offer stand out?
Sherwood's market remains competitive, especially for single-family homes in desirable school zones. To strengthen your offer, consider getting fully underwritten pre-approval (not just pre-qualification) from a local lender, being prepared for a potential appraisal gap by having extra cash on hand, and offering a flexible closing timeline. Using a lender with a strong local reputation for reliability can also make your offer more attractive to sellers.
Nearby Cities
Explore mortgage lenders in cities near Sherwood, OR
Why Choose a Mortgage Lender in Sherwood?
Local Market Knowledge
Lenders who understand Sherwood'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 Sherwood and get competitive rates on your home loan.