Average25th Percentile50th Percentile75th Percentile
Loan Amount$194,969$127,500$177,500$225,000
Property Values$275,565$177,500$225,000$325,000
Average LTV76.5%
Percent Refinance82.7%
Pct of Refis Cashout10.7%

With the natural wonders of Hells Canyon, Crater Lake, and Mount Hood, who wouldn't want to buy property in Oregon? If you do, you'll want the best deal possible on your financing. Mortgage and refinance options in Oregon include fixed- and adjustable-rate mortgages, as well as second mortgages. Because each of these categories contains many variations, the search for the lowest rate and the best mortgage can be a lengthy one.

Luckily, you've come to the right place. MortgageLoan.com will help you compare Oregon mortgage rates, calculate payments, run amortization tables, and find lenders and brokers. Before you begin your mortgage loan search, it will be helpful to consider what type of cost savings is most important to you. Many borrowers simply want the lowest payment, but this isn't always your best option. You might be better off obtaining a low fixed rate or a shortened pay-off schedule.


Rate Map for Oregon

Our Oregon Rate Map shows the mortgage rates borrowers have been getting in different parts of the state. Each “balloon” represents a single mortgage loan where the borrower has chosen to discretely share their loan information.

Clicking on individual markers lets you see the mortgage rates other Oregon borrowers have been able to get with different credit scores, loan-to-value ratios, loan amounts and other factors. The list of options at left can be used to narrow down your choices.

Like to join in? If you recently obtained or refinanced a mortgage and would like to share your rate information anonymously, just click on “Share Your Rate” above the map and fill out the boxes indicated. Your fellow borrowers will appreciate it!

Click here to view the Rate Map

NOTE: MortgageLoan.com cannot guarantee the accuracy of the data provided as it is submitted by our visitors.

Mortgage Loan Types

Here's a quick review of the types of mortgage loans available in Oregon, and how their rates might compare to one another.

  • Fixed-rate mortgages have the same interest rate and payment throughout the loan's life. These are often repaid over 30 years, but 20-year and 15-year programs are also popular.
  • Adjustable-rate mortgages start with a low "teaser" rate and low payment. After a specified time period, the rate becomes variable and tracks with a benchmark index such as LIBOR.
  • Second mortgages include fixed-rate home equity loans and adjustable-rate home equity lines of credit.


A refinance can lower your monthly payment, change your amortization schedule, convert an adjustable-rate loan to a fixed-rate loan, or raise cash for one-time expenses and debt consolidation. Common reasons for refinancing include:

  • Payment reduction. Refinancing into a lower-rate mortgage to reduce your payment and interest costs can be an easy way to save money. You might also be able to reduce your payment by extending your loan's maturity date.
  • Cashing out equity. If you have equity built up in the home-either from an increase in the home's value or a decrease in your mortgage balance-you can convert that equity to cash with a refinance.

Evaluating Mortgages

To get the best Oregon mortgage loan rate, you have to evaluate several offers. Start by reviewing lender rates here (link). Then, run the numbers with our mortgage loan calculators here. Play with loan amounts and interest rates until you determine what size loan you can afford. You can then browse Oregon brokers in our broker directory. When you're ready, start contacting brokers and submitting loan applications.

As you move through the mortgage loan process, remember that a lender's lowest advertised rate is reserved for borrowers with above-average credit. If you have bad credit, it might be helpful to review Oregon rates by credit quality here. Also, take care to review the proposed loan structures in detail. The payment amount is important, but don't overlook the interest rate, the points, and the pay-off schedule.

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