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Conventional or conforming home loans offer eligible Oregon homeowners a fixed monthly mortgage payment at a competitive interest rate. Unlike government-backed loans, conventional home loans follow Freddie Mac and Fannie Mae guidelines and have stricter qualification requirements. Homeowners that qualify, however, are able to enjoy many financial benefits and savings, making conventional home loans the best choice for many Oregon homeowners.
Home Loans with Golden Oak
With many years of experience in Oregon's competitive real estate market, our mortgage team knows how to get you the conventional home loan that best matches your financial needs and goals. The mortgage experts constantly track mortgage interest rates to ensure that we offer our homeowners the best rate we possibly can. Your personal loan officer will guide you through the conventional loan process and is available any time at our local Portland office to answer any questions you may have. Call Golden Oak Lending Oregon today to learn how to secure your conventional home loan!
At Golden Oak Lending, from the underwriting to the closing, all of our processes are done in-house. An experienced Personal Loan Officer will be your advocate for getting you the assistance you need at the lowest possible rate. Your Personal Loan Officer is your sole point of contact for the entire process, so there is no need to retell your story multiple times to different individuals. You have the benefit of an experienced and qualified professional who will guide you through the process of finding and qualifying for the right loan that meets your specific needs.
Golden Oak Lending Oregon
4800 Meadows Road, Suite 135
Lake Oswego, OR 97035
Phone: (503) 455-4653
Hours of Operation
Monday - Thursday 8:30 am - 5:30 pm
Friday 8:30 am - 5:00 pm
Advantages of Conventional Home Loans
- Options for Every Homeowner Conventional loans are available at fixed or adjustable rates and at terms of 15, 20, or 30 years. Oregon homeowners can secure a conventional home loan with guidelines that suit your financial needs and lock in a competitive rate for lower monthly mortgage payments.
- Purchase an Expensive Home With Oregon's average home price consistently exceeding the national average, conventional home loans are a great option for Oregon homebuyers because they allow for a higher loan amount. For those buyers who do not have 20% of the purchase price to offer as a down payment, conventional home loans offer the option of paying PMI, private mortgage insurance, which can be discontinued once 20% of the home's equity has been paid.
- Quick Approval Because conventional home loans are not insured by the government, they have strict employment and income requirements. For approved Oregon homebuyers, however, the benefit is a straightforward and efficient approval process with less paperwork.
- Low Down Payment Though a typical down payment on a conventional home loan is 15 to 20% of the purchase price, homebuyers that meet particular requirements may only have to put down as little as 3%. In Oregon's competitive and expensive housing market, a lower down payment can help many residents achieve their goal of home ownership.
Contact Us Today and See How We Can Save You Money!
Conventional Home Loans
"I can cover a down payment and am looking for a fixed rate mortgage loan."
"I currently own a home but would like to refinance my loan to improve my interest rate or adjust my mortgage terms."
"I currently own a home that has equity and would like to get cash out for updating my home or consolidating higher interest debt. (like credit cards)."
"I am interested in putting the minimum payment down on a home."
"I am looking to purchase a home and would like to shop with confidence based upon what I can afford."
"I am currently serving or have served in the U.S. military and wish to purchase a home with flexibility on down payment, mortgage insurance and credit score."
"I have excellent credit and am looking for a home loan option to help acquire a larger, more expensive home."
"I am looking to purchase a home in a rural area."
Home Equity Loan
"I have equity in my current home and would like to use its equity for larger purchases, home renovations or paying down higher interest debt."
New Home Loans
"I would like to purchase a new home and would like to learn about my borrowing options."