The Best Mortgage Lenders in Springfield, OR
Compare verified mortgage lenders serving Springfield, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Springfield
Featured Mortgage Lenders
Maps Credit Union Mortgage Department
Maps Credit Union
As one of the largest credit unions in the region with deep roots in Springfield, Maps Credit Union offers exceptional mortgage services with highly competitive rates and personalized local service. Their mortgage team provides comprehensive guidance through the entire home buying process, with special programs for first-time homebuyers and various loan options. Members consistently praise their responsive service, transparent communication, and community-focused approach.
Loan Types:
Oregon Lending Group
Oregon Lending Group
This highly-rated local mortgage broker serves the entire Springfield and Eugene metropolitan area with exceptional personalized service. Oregon Lending Group specializes in finding the best loan products for each client's unique situation, with expertise in first-time homebuyer programs, construction loans, and government-backed loans. Their team of experienced loan officers provides white-glove service throughout the lending process, earning consistent 5-star reviews for their attention to detail and customer-focused approach.
Loan Types:
Guild Mortgage - Eugene/Springfield Branch
Guild Mortgage Company
Guild Mortgage maintains a strong local presence in the Springfield area through their Eugene branch, offering comprehensive mortgage services with the backing of a national lender. They provide exceptional service with local decision-making and underwriting, specializing in various loan programs including their exclusive Zero Down Payment option. With decades of experience and thousands of successful loans in the region, Guild combines local expertise with national resources to deliver competitive rates and streamlined processing.
Loan Types:
Frequently Asked Questions
Common questions about mortgage lending in Springfield, OR
Are there any special down payment assistance programs for first-time homebuyers in Springfield, OR?
Yes, the Oregon Bond Residential Loan Program, offered through the Oregon Housing and Community Services (OHCS), is a popular option for first-time and repeat buyers in Springfield. This program provides competitive interest rates and down payment assistance in the form of a second mortgage that can be forgiven after a set period. Many local lenders in Springfield are approved to originate these loans, which are particularly helpful given the area's median home prices.
How does Springfield's proximity to Eugene affect mortgage lending and property values?
Springfield's status as part of the Eugene-Springfield metropolitan area means lenders often evaluate the housing market as a unified region, which can offer stability. Property values in Springfield are typically more affordable than in Eugene proper, making it an attractive option for buyers. However, this proximity also means demand is strong, so securing pre-approval from a local lender who understands the competitive dynamics between the two cities is crucial.
What should I know about property taxes and insurance when budgeting for a mortgage in Springfield?
Lane County, which includes Springfield, has a relatively average property tax rate for Oregon, but it's important to get an accurate estimate as rates can vary. Furthermore, due to Oregon's wildfire risk, some areas in and around Springfield may require additional (and sometimes costly) homeowners insurance endorsements or be in a high-risk zone, which can impact your total monthly payment. Your lender can help you factor these localized costs into your budget.
Are USDA loans a viable option for homebuyers in Springfield, OR?
Absolutely. A significant portion of the land surrounding Springfield is classified as rural by the USDA, making many homes just outside the city limits eligible for USDA Rural Development loans, which offer 100% financing with no down payment. Even some neighborhoods within Springfield city boundaries may qualify, so it's essential to check the USDA eligibility map with a loan officer familiar with the specific parcels in the area.
How do local lenders in Springfield view income from the healthcare and education sectors, which are major employers here?
Local lenders are very familiar with the stable employment provided by major employers like PeaceHealth and the Springfield School District. Income from these sectors is generally viewed favorably during the mortgage underwriting process. For professionals like nurses or teachers, some lenders may even offer special loan programs or consider unique income structures like shift differentials or summer pay schedules with proper documentation.
Nearby Cities
Explore mortgage lenders in cities near Springfield, OR
Why Choose a Mortgage Lender in Springfield?
Local Market Knowledge
Lenders who understand Springfield'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 Springfield and get competitive rates on your home loan.