Mortgage Lenders in Salem, OR
Compare mortgage lenders in Salem. Review contact information and insurance categorys before you decide.
Important: Listings are compiled from publicly available sources and have not been independently verified by BeforeMortgageUSA.com. We do not endorse any broker or guarantee outcomes. Verify licensing and disciplinary status with the
State Mortgage Licensing Authority of Oregon before hiring.
Showing 20 mortgage lenders in Salem, OR
Listings are displayed in no particular order and are not ranked by BeforeMortgageUSA. Order does not constitute a recommendation or endorsement of any broker.
Salem Oregon home buyers and homeowners can work with local mortgage lenders to secure financing for a new home or refinance an existing loan. Oregon law requires lenders to be licensed through the National Mortgage Licensing System and to follow specific disclosure rules. Local lenders in Salem understand the Marion County real estate market and can guide you through the Oregon specific escrow and closing processes.
What Does a Mortgage Lender in Salem Cost?
Typical costs for a mortgage lender in Oregon include an origination fee of 0.5 to 1 percent of the loan amount, an appraisal fee of 400 to 700 dollars, and a title insurance policy costing 1,500 to 3,000 dollars. Oregon also requires a recording fee of about 50 to 100 dollars. These costs vary by loan type and property value. This is general information, not mortgage or financial advice.
* Cost estimates are general ranges based on publicly available data and compiled using automated research tools. Actual fees vary by agent and case complexity. This is not mortgage or financial advice — consult directly with an agent for fee specifics.
Frequently Asked Questions
What documents do I need to apply for a mortgage in Salem Oregon?
You typically need recent pay stubs, W-2 forms, tax returns, bank statements, and a valid ID. Oregon lenders also require a signed authorization to check your credit report. Self employed borrowers may need additional profit and loss statements.
How long does the mortgage process take in Oregon?
The typical mortgage process in Oregon takes 30 to 45 days from application to closing. Oregon law allows for a three day rescission period after signing for refinances but not for purchase loans. Delays can occur if appraisal or title work takes longer than expected.
Are there Oregon specific programs for first time home buyers?
Yes, the Oregon Housing and Community Services department offers the Oregon Bond Residential Loan Program for first time buyers. This program provides below market interest rates and down payment assistance. Income and purchase price limits apply based on Marion County limits.