The Best Mortgage Lenders in Warrenton, OR
Compare verified mortgage lenders serving Warrenton, Oregon. Find competitive rates on conventional, FHA, VA, and jumbo loans from experienced professionals.
Available Loan Programs in Warrenton
Featured Mortgage Lenders
Scott Rogers
First Community Credit Union
First Community Credit Union is the leading local financial institution serving the North Oregon Coast, including Warrenton. With deep roots in the community since 1953, they offer personalized mortgage services with local decision-making. Their mortgage team, including experienced loan officers like Scott Rogers, provides competitive rates and flexible terms for coastal property financing. They excel at understanding the unique needs of coastal communities and offer specialized construction and renovation loans perfect for Warrenton's housing market.
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Katie Young
Craft3
Craft3 is a nonprofit community development financial institution that specializes in serving challenging markets throughout Oregon, including the North Coast region. They have extensive experience with coastal properties and offer unique loan products including energy efficiency improvements and home rehabilitation financing. With nearly 30 years of service, they understand the specific challenges of Warrenton's real estate market and provide patient, flexible financing solutions with a mission-driven approach to community development.
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Brian O'Neil
U.S. Bank Home Mortgage
U.S. Bank provides comprehensive mortgage services throughout Oregon with strong presence in coastal communities like Warrenton. Their experienced loan officers understand the nuances of coastal property financing and offer a wide range of loan products with competitive rates. As one of the nation's largest banks with over 150 years of history, they provide stability and reliability while maintaining local expertise through their Oregon-based mortgage professionals who regularly serve the North Coast region.
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Frequently Asked Questions
Common questions about mortgage lending in Warrenton, OR
Are there any special mortgage considerations for buying a home in Warrenton, OR, given its coastal location?
Yes, due to Warrenton's proximity to the Pacific Ocean and the Columbia River, lenders may require additional inspections or specific insurance. A standard home inspection is crucial, but you may also need a specialized inspection for potential moisture, wind, or corrosion issues. Furthermore, depending on the property's exact location, you might be required to carry flood insurance, which will be factored into your total monthly payment.
What are the typical down payment assistance programs available for first-time homebuyers in Warrenton?
First-time homebuyers in Warrenton can access statewide Oregon programs like the Oregon Bond Residential Loan Program, which offers competitive interest rates and down payment assistance. Additionally, the Oregon Department of Veterans' Affairs (ODVA) loan is a powerful option for qualifying veterans. It's wise to consult with a local lender familiar with Clatsop County to explore all available grants and assistance programs that can help with closing costs.
How does the seasonal tourism economy in Warrenton and the North Coast affect mortgage qualification for local workers?
Lenders understand the seasonal nature of tourism jobs common in Warrenton. If your income fluctuates, they will typically look at your two-year average income and year-to-date earnings. Providing consistent tax returns and proof of employment during off-seasons is key. Self-employed individuals or those in hospitality may need to provide more extensive documentation to demonstrate stable, recurring annual income.
What is the average property tax rate in Warrenton, and how does it impact my mortgage payment?
Property taxes in Clatsop County, where Warrenton is located, average approximately 0.95% to 1.05% of a home's assessed value. For a $400,000 home, this translates to roughly $3,800-$4,200 annually. Your lender will escrow this amount, dividing it into your monthly mortgage payment, so it's a significant factor in calculating your total housing cost and debt-to-income ratio.
Are USDA rural housing loans available for properties in Warrenton, OR?
Yes, most of Warrenton is eligible for USDA Rural Development loans, which offer 100% financing (no down payment). This is a major advantage for eligible buyers, as it makes homeownership more accessible in this area. You should confirm the specific property's eligibility with your lender using the USDA's online eligibility map, as some newer subdivisions or certain parcels may have different qualifications.
Why Choose a Mortgage Lender in Warrenton?
Local Market Knowledge
Lenders who understand Warrenton'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 Warrenton and get competitive rates on your home loan.