Home Loans in Oregon
The Beaver State offers stunning natural beauty and vibrant communities. NorthStar Funding serves OR buyers statewide. All credit scores welcome — even no score.
Oregon Housing Market
About the Oregon Real Estate Market
Oregon offers stunning natural beauty from the coast to the mountains, with Portland's urban amenities and Bend's outdoor lifestyle. The state's no sales tax and growing tech sector attract buyers nationwide. Housing demand remains strong in the Portland metro and resort communities.
Loan Programs Available in Oregon
We offer a variety of mortgage options to fit your unique situation. All programs welcome borrowers with less-than-perfect credit.
OHCS Programs
Oregon Housing and Community Services programs with down payment assistance.
FHA Loans
Government-backed loans popular in Oregon with flexible credit requirements.
VA Loans
Zero down payment for Oregon veterans.
Non-QM / Bank Statement
Perfect for Oregon entrepreneurs and tech professionals with variable income.
Check Your Eligibility
See if you qualify for special loan programs with lower down payments and flexible income requirements.
Income Eligibility Checker
HomeReady® & Home Possible® - 3% Down Payment Programs
HomeReady®by Fannie MaeIncome must be ≤80% of Area Median Income (AMI). No geographic restrictions.
Home Possible®by Freddie MacIncome must be ≤80% AMI. Some census tracts have no income limit.
Quick Comparison:
| Feature | HomeReady® | Home Possible® |
|---|---|---|
| Min. Down Payment | 3% | 3% |
| Min. Credit Score | 620 | 620 |
| Income Limit | ≤80% AMI | ≤80% AMI* |
| Homebuyer Education | Required | Required |
*No income limit in designated underserved areas
Why Choose NorthStar Funding in Oregon?
What Oregon Homeowners Say
"NorthStar helped us buy in the Pearl District. They understood Portland's unique market."
The Anderson Family
"Found our dream home in Bend with NorthStar. Perfect for outdoor enthusiasts!"
Mark & Jennifer K.
"OHCS assistance made homeownership possible in Salem. NorthStar guided us through everything."
The Martinez Family
Frequently Asked Questions
What credit score do I need to buy a home in Oregon?
NorthStar Funding welcomes all credit scores in Oregon, starting as low as 500 with FHA loans (10% down). For scores 580+, you may qualify for just 3.5% down.
What are the best mortgage programs available in Oregon?
In Oregon, we offer FHA loans, VA loans, USDA loans for eligible rural areas, conventional loans, and bank statement loans. OHCS (Oregon Housing and Community Services) programs provide down payment assistance.
How much is the average home price in Oregon?
The median home price in Oregon is approximately $475K. Portland and Bend are higher, while Salem, Eugene, and Southern Oregon offer more affordable options.
Are there first-time homebuyer programs in Oregon?
Yes! OHCS offers the Oregon Bond Residential Loan program with below-market rates and the Cash Advantage program with down payment assistance up to 3% of the purchase price.
What are property taxes like in Oregon?
Oregon property taxes average approximately 1.0% of assessed value. Oregon has no sales tax, which helps offset property tax costs. Measure 50 limits annual assessment increases.
Can I get a mortgage in Oregon with no down payment?
Yes! VA loans offer 0% down for veterans. USDA loans offer 0% down in many Oregon areas, including much of Central and Eastern Oregon outside the Portland metro.
How long does it take to close on a home in Oregon?
The typical closing timeline in Oregon is 30-45 days. The Portland market can be competitive, so having a pre-qualification letter from NorthStar gives you an advantage.
Does NorthStar Funding offer manual underwriting in Oregon?
Yes! We specialize in manual underwriting for Oregon borrowers. This is valuable for Portland tech workers, freelancers, and borrowers with non-traditional income.
What documents do I need to apply for a mortgage in Oregon?
Typical documents include 2 years of tax returns, recent pay stubs, bank statements, W-2s or 1099s, and ID. Self-employed borrowers can use bank statement programs.
Can self-employed borrowers get a mortgage in Oregon?
Absolutely! Our bank statement programs are popular with Portland entrepreneurs, tech workers, and the creative professionals that make Oregon unique.
NorthStar Funding Licensing Information
NMLS #: 123456
Licensed in: Multi-State
Years in Business: 15+
Total Loans Originated: $2B+
Ready to Get Started?
See your options in minutes with no impact to your credit score. Our team is ready to help you find the right loan for your Oregon home.