How to Get a Home Loan in Portland Oregon

Portland, Oregon, with its vibrant culture and diverse neighborhoods, attracts many individuals and families looking to settle down. For those aspiring to purchase a home in this beautiful city, navigating the process of securing a home loan is crucial. Understanding the ins and outs of obtaining a home loan in Portland is essential for a smooth and successful home buying journey.

How to Apply for a Home Loan in Portland, Oregon

Applying for a caliber home loans in Portland, Oregon, is a significant step towards homeownership and requires careful planning and preparation. Here's a detailed guide on how to navigate the application process effectively:

Research Lenders

In Portland, numerous lenders offer a variety of home loan products tailored to suit different financial situations and needs. Researching lenders allows prospective homebuyers to compare interest rates, loan terms, and eligibility requirements. Online reviews, recommendations from friends and family, and consultations with financial advisors can help in identifying reputable lenders in the Portland area.

Gather Necessary Documents

Before applying for a home loan, it's essential to gather all the required documents to streamline the application process. Documentation such as proof of income, tax returns, employment verification, credit history, and bank statements are commonly requested by lenders. Organizing these documents in advance saves time and ensures a smooth application process.

Pre-approval

Securing pre-approval for a home loan is a crucial step that provides prospective buyers with a clear understanding of their purchasing power. Getting pre-approved involves submitting financial documentation to a lender, who then evaluates the borrower's creditworthiness and determines the maximum loan amount they qualify for. A pre-approval letter strengthens the buyer's position in negotiations and demonstrates their seriousness to sellers.

Submit Application

Once prospective homebuyers have identified a suitable lender and gathered all necessary documentation, the next step is to complete the loan application. The application form requires detailed information about the borrower's financial status, employment history, and the property they intend to purchase. Accuracy and completeness are vital when filling out the application to avoid delays or complications during the review process.

Wait for Approval

After submitting the loan application, the lender begins the process of underwriting, which involves evaluating the borrower's financial information, verifying documentation, and assessing the property's value. This process typically takes several days to a few weeks, depending on the lender's workload and complexity of the application. During this period, it's essential for borrowers to remain accessible and responsive to any requests for additional information or clarification from the lender.

Documentation Required for a Home Loan in Portland, Oregon

When applying for a home equity loan in Portland, Oregon, it's essential to provide the necessary documentation to support your application. Lenders require specific documents to assess your financial situation and determine your eligibility for a mortgage. Here's a comprehensive guide to the documentation required for a home loan in Portland:

1. Personal Identification Documents: You'll need to provide valid identification documents such as a driver's license, passport, or state-issued ID. These documents help verify your identity and ensure that you are who you claim to be.

2. Proof of Income: Lenders will require proof of your income to assess your ability to repay the loan. This typically includes recent pay stubs, W-2 forms, or tax returns for the past two years if you're self-employed. If you receive income from other sources such as rental properties or investments, you'll need to provide documentation for those as well.

3. Employment Verification: To verify your employment status and stability, lenders may request employment verification documents such as a letter from your employer or recent pay stubs showing your year-to-date earnings. Self-employed individuals may need to provide additional documentation such as profit and loss statements or business tax returns.

4. Bank Statements: Lenders will review your bank statements to assess your financial habits, savings, and spending patterns. Be prepared to provide bank statements for the past two to three months for all accounts you hold, including checking, savings, and investment accounts. These statements should reflect your assets and liabilities accurately.

5. Credit History: Your credit history plays a significant role in the mortgage approval process. Lenders will pull your credit report from the three major credit bureaus: Equifax, Experian, and TransUnion. It's essential to review your credit report beforehand and address any errors or discrepancies that could negatively impact your credit score.

6. Debt Obligations: You'll need to disclose any outstanding debts such as car loans, student loans, credit card balances, or other mortgages. Lenders will consider your debt-to-income ratio, which compares your monthly debt payments to your gross monthly income, to determine your ability to manage additional debt.

7. Property Information: If you've already chosen a property to purchase, you'll need to provide relevant information such as the address, purchase price, and a copy of the purchase agreement. Lenders will also require an appraisal of the property to ensure its value aligns with the loan amount.

8. Home Insurance: Proof of home insurance is typically required to protect the lender's investment in case of damage or loss to the property. You'll need to provide information about your chosen insurance provider and coverage details.

9. Additional Documentation: Depending on your specific financial situation and the type of loan you're applying for, lenders may request additional documentation such as divorce decrees, child support or alimony payments, gift letters for down payments, or explanations for any unusual deposits or withdrawals in your bank accounts.

Ensuring that all required documentation is complete, accurate, and up-to-date is crucial to expediting the loan application process and increasing the likelihood of approval.

Home Loans by Banks in Portland, Oregon

Portland, Oregon, a city renowned for its vibrant culture, lush landscapes, and thriving economy, offers a diverse range of opportunities for individuals and families seeking to establish roots in the Pacific Northwest. For many, owning a home in Portland is a cherished aspiration, and securing a home loan from reputable banks in the area is often the first step towards making this dream a reality.

1. Accessible Financing Options

Banks in Portland, Oregon, understand the importance of offering accessible financing options to potential homebuyers. Whether individuals are first-time buyers or seasoned investors, banks strive to provide a variety of loan products tailored to meet diverse needs. From conventional fixed-rate mortgages to adjustable-rate mortgages (ARMs), and government-backed loans such as FHA, VA, and USDA loans, homebuyers in Portland can explore a range of financing solutions to suit their preferences and financial circumstances.

2. Competitive Interest Rates

Competitive interest rates play a pivotal role in the decision-making process of homebuyers. Banks in Portland recognize this fact and endeavor to offer competitive interest rates on their home loans. By keeping abreast of market trends and economic indicators, banks aim to provide borrowers with favorable terms that align with prevailing mortgage rates. Additionally, some banks may offer special promotions or incentives to attract prospective homebuyers, further enhancing the appeal of their loan products.

3. Personalized Customer Service

In an increasingly digital world, the importance of personalized customer service cannot be overstated. Banks in Portland distinguish themselves by offering tailored guidance and support throughout the home loan application process. From initial consultations to loan approval and beyond, experienced mortgage professionals work closely with clients to understand their unique goals and address any questions or concerns they may have. By fostering meaningful relationships built on trust and transparency, banks in Portland strive to ensure a seamless and satisfying experience for every borrower.

4. Streamlined Application Process

Recognizing the significance of time and efficiency, banks in Portland streamline the home loan application process to minimize hassle and expedite approvals. Through intuitive online platforms and user-friendly interfaces, applicants can conveniently submit their loan applications, upload required documentation, and track the status of their applications in real time. Additionally, banks may leverage advanced technology and automated underwriting systems to efficiently evaluate loan applications, providing borrowers with prompt decisions and timely feedback.

5. Commitment to Community Engagement

Beyond their role as financial institutions, banks in Portland demonstrate a steadfast commitment to community engagement and social responsibility. Through partnerships with local organizations and initiatives, banks actively contribute to the well-being and prosperity of the communities they serve. Whether through financial literacy programs, affordable housing initiatives, or charitable endeavors, banks play an integral role in fostering sustainable growth and equitable opportunities for individuals and families throughout Portland and beyond.

Private Loans in Portland, Oregon

In addition to traditional banks, borrowers in Portland have the option of obtaining private loans from alternative sources such as private lenders, credit unions, or peer-to-peer lending platforms. Private mortgage loan offer flexibility in terms of eligibility criteria, loan terms, and repayment options, making them suitable for borrowers with unique financial circumstances or non-traditional sources of income.

Unlike conventional loans, private loans may have higher interest rates and stricter repayment terms, reflecting the increased risk associated with alternative lending sources. Prospective borrowers should carefully evaluate the terms and conditions of private loans and consider consulting with a financial advisor to assess the potential benefits and risks.

Loan Amounts for Home Loans in Portland, Oregon

The maximum loan amount for a home loan in Portland, Oregon, varies depending on several factors, including the type of loan, the borrower's creditworthiness, and the current market conditions. As of 2022, the maximum loan amount for a conventional loan in Multnomah County, which includes Portland, is $647,200 for a single-family home. However, loan limits may be higher for properties located in designated high-cost areas or for borrowers with excellent credit scores and significant down payments.

Refinance Home Loans in Portland, Oregon

Homeowners in Portland have the option of refinancing their existing mortgages to take advantage of lower interest rates, reduce monthly payments, or tap into home equity for renovation or debt consolidation purposes. Refinancing involves replacing the current mortgage with a new loan that offers more favorable terms or features.

The refinancing process typically begins with a comprehensive assessment of the homeowner's financial situation, including credit score, income, and home equity. Based on this evaluation, homeowners can explore different refinancing options, such as rate-and-term refinancing, cash-out refinancing, or streamline refinancing for FHA or VA home loan.

The Loan Process for Home Loans in Portland, Oregon

The process of obtaining a home loan in Portland, Oregon, involves several distinct stages, each of which plays a crucial role in facilitating the successful purchase of a home. Here's an overview of the typical loan process:

Application Submission: The loan process begins with the borrower submitting a formal application to the lender, providing detailed information about their financial status, employment history, and the property they intend to purchase.

Underwriting: Once the application is submitted, the lender initiates the underwriting process, during which the borrower's financial information is meticulously reviewed to assess their creditworthiness and ability to repay the loan.

Appraisal: As part of the underwriting process, the lender orders an appraisal of the property to determine its fair market value. The appraisal helps ensure that the property serves as adequate collateral for the loan amount requested by the borrower.

Loan Approval: Upon completion of underwriting and appraisal, the lender makes a final decision regarding the approval of the loan. If the borrower meets all eligibility criteria and the property meets valuation requirements, the loan is approved, and the closing process is initiated.

Closing: The closing, also known as settlement, is the final step in the loan process, during which the borrower signs all necessary documents to complete the purchase of the home. The closing typically takes place at a title company or escrow office and involves various parties, including the buyer, seller, real estate agents, and representatives from the lender.

Loan Security in Portland, Oregon

In Portland, Oregon, securing a loan involves various considerations and mechanisms to protect both the lender and the borrower. Loan security encompasses collateral, guarantees, and legal agreements designed to mitigate financial risks. Understanding the nuances of loan security is essential for borrowers seeking funds and lenders managing their portfolio risks in the dynamic Portland market.

Collateral: Collateral serves as a tangible asset that borrowers pledge to lenders as security against the loan. In Portland, common forms of collateral include real estate properties, vehicles, equipment, and investment accounts. Lenders evaluate the value and marketability of collateral to determine its suitability for securing the loan. Real estate, particularly residential properties in Portland's vibrant neighborhoods, often serves as primary collateral due to its stability and appreciating value over time. The equity built in these properties enhances their appeal as collateral, offering lenders a secure asset base in case of default.

Creditworthiness Assessment: Borrowers in Portland undergo rigorous creditworthiness assessments to determine their ability to repay loans. Lenders scrutinize credit scores, income stability, debt-to-income ratios, and employment history to gauge the borrower's financial health and repayment capacity. Portland's diverse economy, comprising sectors like technology, healthcare, and manufacturing, influences lenders' risk assessment strategies. A borrower with a stable income from Portland's burgeoning tech industry may be deemed more creditworthy than someone in a volatile sector.

Legal Agreements: Loan transactions in Portland involve comprehensive legal agreements that outline the rights and obligations of both parties. Loan agreements specify the loan amount, interest rate, repayment terms, and consequences of default. In Portland, legal contracts adhere to state and federal regulations governing lending practices, ensuring transparency and fairness in loan transactions. Attorneys specializing in financial law play a crucial role in drafting and reviewing loan agreements to safeguard the interests of borrowers and lenders alike.

Regulatory Compliance: Portland's lending landscape is governed by a robust regulatory framework aimed at protecting consumers and maintaining financial stability. State and federal agencies oversee lending practices, enforce compliance with laws such as the Truth in Lending Act (TILA) and the Dodd-Frank Wall Street Reform and Consumer Protection Act, and monitor for predatory lending practices. Lenders operating in Portland must adhere to licensing requirements, disclosure standards, and interest rate caps to maintain regulatory compliance and avoid legal repercussions.

Risk Management Strategies: Lenders in Portland employ sophisticated risk management strategies to mitigate loan defaults and financial losses. Credit risk assessment models, portfolio diversification, and stress testing help lenders anticipate and manage potential risks arising from economic fluctuations, market volatility, and borrower defaults. Collaborative efforts between lenders, regulatory agencies, and industry stakeholders foster a resilient lending ecosystem in Portland, promoting responsible lending practices and sustainable economic growth.

Loan Disbursement for Home Loans in Portland, Oregon

Discover home loans disbursement in Portland, Oregon follows a structured process designed to ensure efficient and secure transactions for both lenders and borrowers. When applying for a home loan, borrowers undergo a thorough assessment of their financial standing and creditworthiness. Once approved, the loan disbursement phase begins.

In Portland, Oregon, loan disbursement involves the transfer of funds from the lender to the seller or escrow account designated for the purchase of the home. This process typically occurs during the closing phase of the home buying process. Lenders work closely with title companies or escrow agents to facilitate the disbursement of funds in a timely manner.

Prior to disbursement, borrowers are required to review and sign various loan documents, including the promissory note and mortgage agreement. These documents outline the terms and conditions of the loan, including the repayment schedule, interest rate, and any additional fees or charges associated with the loan.

Once all parties have signed the necessary documents and closing conditions have been met, the lender initiates the disbursement of funds. The amount disbursed is based on the terms of the loan agreement and may include funds for the purchase price of the home, closing costs, and any prepaid expenses such as property taxes or insurance.

Loan Processing Fee for Home Loans in Portland, Oregon

In Portland, Oregon, home loan processing fees are standard charges incurred during the mortgage application and approval process. These fees cover the cost of evaluating the borrower's financial information, verifying employment and income, and conducting a comprehensive review of the borrower's credit history.

The loan processing fee may vary depending on the lender and the complexity of the loan application. Typically, lenders disclose these fees upfront as part of the loan estimate provided to the borrower. It's essential for borrowers to carefully review the loan estimate and understand all associated fees before proceeding with the mortgage application.

In Portland, Oregon, loan processing fees may include but are not limited to, application fees, origination fees, appraisal fees, credit report fees, and underwriting fees. It's important for borrowers to inquire about any additional fees or charges that may apply to their specific loan transaction.

Borrowers should also be aware that some lenders may offer the option to roll the loan processing fee into the total loan amount, while others may require payment upfront or at closing. Understanding the breakdown of fees and how they impact the overall cost of the loan is crucial for borrowers to make informed decisions.

Interest Rates for Home Loans in Portland, Oregon

Interest rates for home loans in Portland, Oregon, are influenced by various factors, including economic conditions, market trends, and the borrower's creditworthiness. Mortgage lenders determine interest rates based on the prevailing market rates, the borrower's credit score, and the term of the loan.

In Portland, Oregon, interest rates for home loans may fluctuate daily or weekly in response to changes in the broader financial markets. Borrowers have the option to choose between fixed-rate and adjustable-rate mortgages, each with its own set of advantages and considerations.

Fixed-rate mortgages offer borrowers the stability of a consistent interest rate and monthly payment throughout the life of the loan. In contrast, adjustable-rate mortgages typically start with a lower initial interest rate that may adjust periodically based on market conditions.

When comparing interest rates for home loans in Portland, Oregon, borrowers should consider the potential impact on their monthly payments and long-term financial goals. It's advisable to shop around and compare offers from multiple lenders to secure the most competitive interest rate for their specific needs.

Loan Repayment for Home Loans in Portland, Oregon

Loan repayment for home loans in Portland, Oregon, is a structured process designed to help borrowers fulfill their financial obligations and eventually own their homes outright. Repayment terms vary depending on the type of mortgage and the terms outlined in the loan agreement.

In Portland, Oregon, most home loans feature monthly repayment schedules, where borrowers make fixed or adjustable payments over the life of the loan. These payments typically include principal and interest, with a portion allocated towards property taxes and homeowner's insurance if escrowed by the lender.

Borrowers have the option to make additional payments towards the principal balance to accelerate equity buildup and reduce the overall interest paid over the life of the loan. Some lenders may impose prepayment penalties for early repayment, so it's important for borrowers to review the terms of their loan agreement carefully.

In the event of financial hardship or unexpected circumstances, borrowers in Portland, Oregon, may explore options such as loan modification, refinancing, or loan forbearance to alleviate temporary financial strain and avoid defaulting on their mortgage loan calculator obligations. Open communication with the lender is key to exploring available alternatives and finding solutions that align with the borrower's financial situation and goals.

Repayment Options for Home Loans in Portland, Oregon

Borrowers in Portland have several repayment options available to them, allowing them to choose the repayment plan that best aligns with their financial goals and preferences. Common repayment options for home loans include:

Fixed-rate mortgages: Offer consistent monthly payments throughout the loan term, providing stability and predictability for budgeting purposes.

Adjustable-rate mortgages (ARMs): Feature interest rates that may vary periodically based on market conditions, resulting in fluctuating monthly payments.

Interest-only mortgages: Allow borrowers to pay only the interest portion of the loan for a specified period, typically followed by higher payments that include both principal and interest.

Bi-weekly payment plans: Enable borrowers to make half of their monthly mortgage payment every two weeks, resulting in accelerated repayment and potential interest savings over the life of the loan.

Selecting the right repayment option requires careful consideration of factors such as financial stability, long-term goals, and risk tolerance.

Important Features for Home Loans in Portland, Oregon

When evaluating home loan options in Portland, Oregon, it's essential to consider various features that can significantly impact the overall cost and terms of the loan. Some important features to look for include:

Interest rates: Competitive interest rates can result in substantial savings over the life of the loan.

Loan terms: The length of the loan term influences monthly payments and total interest paid, with shorter terms typically offering lower interest rates but higher payments.

Down payment requirements: Larger down payments may qualify borrowers for better loan terms and lower interest rates.

Closing costs: Understanding and comparing closing costs, including origination fees, appraisal fees, and title insurance, helps borrowers anticipate and budget for upfront expenses.

Prepayment penalties: Some loans may impose penalties for paying off the loan early, limiting borrowers' flexibility to refinance or sell the property.

By carefully evaluating these features and consulting with mortgage professionals, borrowers can make informed decisions that align with their financial goals and preferences.

Income Requirements for Home Loans in Portland, Oregon

Lenders in Portland, Oregon, typically have specific income requirements that borrowers must meet to qualify for a home loan. Income requirements vary based on factors such as the type of loan, debt-to-income ratio, and employment history. To assess income eligibility, lenders may request documents such as pay stubs, tax returns, and employment verification records.

In addition to verifying regular income sources, lenders may also consider alternative sources of income, such as rental income, retirement benefits, or alimony payments. Demonstrating a stable and sufficient income stream is crucial for securing loan approval and obtaining favorable loan terms.

Private Mortgages in Portland, Oregon

Private mortgages, also known as private money loans or hard money loans, are alternative financing options provided by private investors, individuals, or non-bank institutions. Unlike traditional mortgages, which are funded by banks or mortgage lenders, private mortgages involve direct lending arrangements between borrowers and private investors.

Private mortgages offer several advantages, including flexible eligibility criteria, faster approval times, and less stringent credit requirements compared to conventional loans. However, private mortgages may also come with higher interest rates and shorter loan terms, reflecting the increased risk assumed by private investors.

Borrowers considering private mortgages in Portland, Oregon, should carefully evaluate the terms and conditions of the loan, including home loan interest rates, repayment terms, and potential fees. Working with reputable private lenders and seeking guidance from financial professionals can help borrowers make informed decisions and navigate the private mortgage process effectively.

Fixed Rate vs. Floating Rate

When choosing a home loan in Portland, Oregon, borrowers have the option to select either a fixed-rate or floating-rate (adjustable-rate) mortgage. Each type of mortgage offers distinct advantages and considerations:

Fixed-rate mortgages: Feature a stable interest rate that remains constant throughout the loan term, providing predictability and consistency in monthly payments. Fixed-rate mortgages are well-suited for borrowers who prefer long-term financial stability and want to lock in current interest rates.

Floating-rate mortgages: Have an interest rate that fluctuates periodically based on market conditions, potentially resulting in lower initial payments but greater uncertainty over time. Floating-rate mortgages may appeal to borrowers who expect interest rates to decrease or plan to sell or refinance the property before the rate adjusts significantly.

When deciding between fixed-rate and floating-rate mortgages, borrowers should consider factors such as their financial goals, risk tolerance, and outlook on future interest rate trends. Consulting with mortgage professionals and exploring different loan options can help borrowers make informed decisions that align with their needs and preferences.

Best Mortgage Lenders for Home Loans in Portland, Oregon

Choosing the right mortgage lender is a crucial step in the home buying process, as it can significantly impact the terms, costs, and overall experience of obtaining a home loan. In Portland, Oregon, several mortgage lenders stand out for their competitive rates, excellent customer service, and wide range of loan products. Some of the best mortgage lenders for home loans in Portland include:

Wells Fargo: A leading national bank offering a diverse selection of mortgage options and personalized financing solutions for homebuyers in Portland.

U.S. Bank: Known for its extensive network of branches and competitive mortgage rates, U.S. Bank provides flexible loan terms and convenient online mortgage application processes.

Chase Bank: With a strong presence in the Pacific Northwest, Chase Bank offers a variety of mortgage products, including fixed-rate and adjustable-rate mortgages, tailored to meet the needs of Portland homebuyers.

Bank of America: As one of the largest banks in the United States, Bank of America provides comprehensive mortgage services, including online pre-approval, flexible financing options, and dedicated support from experienced loan officers.

OnPoint Community Credit Union: A local credit union serving the Portland metro area, OnPoint offers competitive mortgage rates, low fees, and personalized guidance to help members achieve their homeownership goals.

When evaluating mortgage lenders, it's essential for borrowers to consider factors such as interest rates, loan terms, closing costs, and customer reviews. By comparing multiple lenders and exploring different loan options, borrowers can find the best mortgage lender that meets their specific needs and preferences.

In obtaining a home loan in Portland, Oregon, requires thorough research, careful planning, and attention to detail. By understanding the loan application process, gathering necessary documentation, exploring available loan options, and selecting the right mortgage loan lenders, prospective homebuyers can navigate the home buying journey with confidence and achieve their homeownership goals in Portland's dynamic real estate market.

Frequently Asked Questions (FAQ) About Home Loans in Portland, Oregon

1. What are the key steps involved in applying for a home loan in Portland, Oregon?

The key steps in applying for a home loan in Portland include researching lenders, gathering necessary documentation, securing pre-approval, submitting the loan application, and waiting for approval.

2. What documents are typically required when applying for a home loan in Portland?

Documents commonly required for a home loan application in Portland include proof of income, tax returns, employment verification, credit history, and bank statements.

3. Which banks offer home loans in Portland, Oregon?

Several banks in Portland offer home loans, including Wells Fargo, Bank of America, U.S. Bank, KeyBank, and Columbia Bank.

4. Are private loans available for home purchases in Portland?

Yes, private loans from lending institutions or private investors are available as an alternative financing option for home purchases in Portland.

5. What are the maximum loan amounts for home loans in Portland, Oregon?

The maximum loan amount for a home loan in Portland varies based on factors such as credit history, income, and market conditions. As of 2022, the maximum conventional loan amount in Multnomah County, which includes Portland, is $647,200 for a single-family home.

6. How can homeowners refinance their existing mortgages in Portland, Oregon?

Homeowners in Portland can refinance their existing mortgages to take advantage of lower interest rates, adjust loan terms, or tap into home equity for renovation or debt consolidation purposes.

7. What is the loan process like for home loans in Portland, Oregon?

The loan process typically involves application submission, underwriting, appraisal, loan approval, and closing.

8. What security is required for home loans in Portland, Oregon?

The home purchased with the loan serves as collateral, providing security to the lender in the event of default.

9. How are loan funds disbursed for home loans in Portland, Oregon?

Loan funds are typically disbursed directly to the seller or escrow company during the closing process.

10. What are the typical interest rates for home loans in Portland, Oregon?

Interest rates for home loans in Portland vary based on market conditions, loan type, and individual financial factors.

11. What repayment options are available for home loans in Portland, Oregon?

Repayment options may include fixed-rate, adjustable-rate, interest-only, or bi-weekly payment plans, depending on the borrower's preferences and financial situation.

12. What are some important features to consider when choosing a home loan in Portland, Oregon?

Important features to consider include interest rates, loan terms, down payment requirements, closing costs, and prepayment penalties.

13. What are the income requirements for home loans in Portland, Oregon?

Lenders typically require borrowers to have a stable income and a debt-to-income ratio within acceptable limits to qualify for a home loan in Portland.

14. Are private mortgages available in Portland, Oregon?

Yes, private mortgages provided by private investors or lending institutions are available as an alternative financing option in Portland.

15. What is the difference between fixed-rate and floating-rate mortgages?

Fixed-rate mortgages feature a stable interest rate throughout the loan term, while floating-rate mortgages have an interest rate that fluctuates based on market conditions.

16. Which are the best mortgage lenders for home loans in Portland, Oregon?

Some of the best mortgage lenders in Portland include Wells Fargo, U.S. Bank, Chase Bank, Bank of America, and OnPoint Community Credit Union.