Oregon Mortgage Rates

May 22, 2015 09:10 PM Eastern

Refinance rates now in PORTLAND, OR [Change this]

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Home Price (Purchase)
When you get a mortgage to purchase a home, the lender uses the lower of the agreed-upon purchase price or the property's appraised value to determine your maximum loan amount. The loan amount divided by the property home price equals your loan-to-value ratio, or LTV. That ratio is one of the major factors that lenders use to set your mortgage rate. If your LTV exceeds 80 percent, you'll probably be required to pay mortgage insurance, which increases your monthly payment. If the property appraises for less than the agreed-on purchase price, you are not usually required to complete the purchase.
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Home Value (Refinance)
This is your estimate of the current value of your property. When you refinance, your home is almost always evaluated by a licensed appraiser. The refinance loan amount divided by the property's appraised value equals your loan-to-value ratio (LTV), and that number is one of the major factors that determine your mortgage rate. To get an accurate refinance rate quote, your home value estimate must be reasonably accurate.
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Down Payment
The down payment is the amount you pay upfront when you finance property. Your purchase price minus your down payment equals your mortgage amount. The higher your down payment, the more likely you are to be approved for a home loan. If your down payment is less than 20 percent of the purchase price, you'll probably be required to pay for mortgage insurance, which increases your monthly payment.
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Credit Score
Your credit score is a number designed to measure your credit-worthiness. It's based on a formula that combines many factors, including your payment history, amount of credit used and number of accounts. This number is used by lenders to calculate the probability that you'll default on your mortgage. Most lenders won't approve mortgages to applicants with credit scores lower than 620. Your credit score is one of the most important factors that determines your mortgage rate - applicants with higher scores are offered better mortgage rates.

30 Year Fixed Rates as low as

Interest Rate
3.750%
APR
3.806%
Monthly Payment
$927
Sebonic Financial
Interest Rate
3.750%
APR
3.806%
Monthly Payment
$927
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $927
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $927
Lender Fees $1,356
Lender Credit $0
Total Closing Fees* $1,356
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Delays, Delays, Delays

It took over 2 months to close after providing all of the paperwork within 1 day of request. Of course there was only a 30 day lock, so they milked another 4 weeks of extension fees out of me. I complained about their tactics and got all but one week of fees reduced. At this time I just wanted to end my misery, so I took their offer just to get rid of them. Very poor business ethics and practices.

By: Delays (Upper Peninsula Michigan)

Great job!

Yes, I recommend this lender

I had a great experience with Sebonic,I was very nervous about using this lender, but after shopping around with local lenders and online lenders, I can tell you that I got the best interest rate and best closing cost and great costumer service from Sebonic. I will definitely recommend Sebonic to all my friends and family. Sebonic did an amazing job!!!

By: Pembroke (Pembroke Pines, FL)

Terrible service

I refi'd a mortgage through Sebonic and it was a terrible terrible mistake. It took them three months and even after that, I had to call individual employees at know what the status of the file is. No one seems responsible or responsive. Never use them

By: refiborrower (new york)
See All Reviews

15 Year Fixed Rates as low as

Interest Rate
2.875%
APR
3.084%
Monthly Payment
$1,370
Sebonic Financial
Interest Rate
2.875%
APR
3.084%
Monthly Payment
$1,370
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $1,370
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $1,370
Lender Fees $2,896
Lender Credit $0
Total Closing Fees* $2,896
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Delays, Delays, Delays

It took over 2 months to close after providing all of the paperwork within 1 day of request. Of course there was only a 30 day lock, so they milked another 4 weeks of extension fees out of me. I complained about their tactics and got all but one week of fees reduced. At this time I just wanted to end my misery, so I took their offer just to get rid of them. Very poor business ethics and practices.

By: Delays (Upper Peninsula Michigan)

Great job!

Yes, I recommend this lender

I had a great experience with Sebonic,I was very nervous about using this lender, but after shopping around with local lenders and online lenders, I can tell you that I got the best interest rate and best closing cost and great costumer service from Sebonic. I will definitely recommend Sebonic to all my friends and family. Sebonic did an amazing job!!!

By: Pembroke (Pembroke Pines, FL)

Terrible service

I refi'd a mortgage through Sebonic and it was a terrible terrible mistake. It took them three months and even after that, I had to call individual employees at know what the status of the file is. No one seems responsible or responsive. Never use them

By: refiborrower (new york)
See All Reviews

5 Year ARM Rates as low as

Interest Rate
2.625%
APR
2.984%
Monthly Payment
$804
Sebonic Financial
Interest Rate
2.625%
APR
2.984%
Monthly Payment
$804
(866) 544-4064 Contact
Sebonic Financial
Email Lender

Offer Details

Home Value $250,000
Requested Loan Amount $200,000
Lock Period 30 Days
Down Payment $50,000
Principal and Interest Payments $804
Estimated Mortgage Insurance Payments $0
Total Monthly Mortgage Payment $804
Lender Fees $2,580
Lender Credit $0
Total Closing Fees* $2,580
*Other 3rd party fees may apply
Sebonic Financial
Email Lender

About the Lender

Sebonic Financial is a division of Cardinal Financial Company, a full service mortgage banking firm in operation since 1987.  The company is an approved seller/servicer for Fannie Mae, Freddie Mac and Ginnie Mae. Cardinal is also an approved lending institution for the Department of Housing and Urban Development/Federal Housing Administration and the Department of Veteran Affairs/Veterans Administration with FHAs Direct Endorsement and VA Automatic Lender Authority.  Cardinal is an authorized lender for the USDA/Rural Housing Program, the Pennsylvania Housing Finance Agency and the New Jersey Mortgage Housing Finance Agency.

 

Cardinal is licensed by the Departments of Banking in many states, mainly in the eastern and southeastern United States.  Its retail and wholesale divisions originate first mortgage loans for qualified borrowers.

Sebonic Financial
Email Lender Write a Review

Lender Reviews

Delays, Delays, Delays

It took over 2 months to close after providing all of the paperwork within 1 day of request. Of course there was only a 30 day lock, so they milked another 4 weeks of extension fees out of me. I complained about their tactics and got all but one week of fees reduced. At this time I just wanted to end my misery, so I took their offer just to get rid of them. Very poor business ethics and practices.

By: Delays (Upper Peninsula Michigan)

Great job!

Yes, I recommend this lender

I had a great experience with Sebonic,I was very nervous about using this lender, but after shopping around with local lenders and online lenders, I can tell you that I got the best interest rate and best closing cost and great costumer service from Sebonic. I will definitely recommend Sebonic to all my friends and family. Sebonic did an amazing job!!!

By: Pembroke (Pembroke Pines, FL)

Terrible service

I refi'd a mortgage through Sebonic and it was a terrible terrible mistake. It took them three months and even after that, I had to call individual employees at know what the status of the file is. No one seems responsible or responsive. Never use them

By: refiborrower (new york)
See All Reviews
Mortgage rate quotes displayed on LendingTree LoanExplorer℠, including loan pricing data, rates and fees, are provided by third party data providers including, but not limited to, Mortech®, a registered trademark of Zillow®, LoanXEngine, a product of Mortgage Builder Software, Inc., and LoanTek, Inc.

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Oregon Mortgage Rates and Home Buying
If you love the great outdoors, Oregon is for you. From white water rafting to horseback riding and camping, Oregonians often seem to get their biggest charge from being in the wilderness. If you’re considering buying a home in Oregon, you’ll need to consider current OR mortgage rates.

Oregon mortgage rates are dependent on many different factors. Considering all the components that go into buying a home may be daunting for first time home buyers. Fortunately, there is an agency that is designed to walk first time home buyers through the process and help them understand OR mortgage rates.

Learning About OR Mortgage Interest Rates Through the OHCS
One of the most important considerations when choosing to buy a home in Oregon are the mortgage interest rates. Current OR mortgage rates at the time you purchase your home will determine the amount of your monthly payments and how much you’ll end up paying throughout the life of the loan.

The Oregon Housing and Community Services Department (OHCS) is a government agency designed to help buyers—especially first time buyers—understand the home buying process. This training and assistance includes an overview of Oregon mortgage interest rates so you know exactly what to expect.

The OHCS also helps first time home buyers in Oregon by offering below-market rate loans. through the Oregon Bond Loan program. The interest rates for these fixed-rate loans are lower than current OR mortgage rates. To apply for acceptance into this program,this loan, contact one of the approved OHCS lenders and ask about the Oregon Bond Program.

Oregon Mortgage Rate Assistance Through the HECO Training Program
Current OR mortgage interest rates are only a small piece of the puzzle when it comes to buying a home. If you are overwhelmed with the process, you can benefit greatly from the Homeowner Education Collaborative of Oregon (HECO) and its training course "The ABC’s of Home Buying."

In addition to education on Oregon mortgage rates, the program provides a comprehensive overview of the entire home buying process. The classes are taught by real estate professionals who have experience helping first-time homebuyers in the state.

In addition to helping you find low Oregon mortgage rates, the HECO class covers the following:

• finding the right home for you
• getting your finances in order to buy
• keeping your new home protected
• learning about mortgage details
• making housing decisions
• obtaining your loan

If this program is not in your area, your lender may be able to recommend a similar program, which will assist you in the process of buying a home and securing low OR mortgage interest rates.