Oregon mortgages and home buyers, 2025
Incomes, down payments, rates, loan costs, denials and lenders across Oregon's 36 counties, from official HMDA records.
HMDA 2025 data released June 23, 2026
In 2025, lenders reported 34,809 home-purchase mortgages for owner-occupied, single-family homes in Oregon. The median buyer borrowed $415,000 on a home valued at $505,000 and reported a household income of $126,000.
Buyers financed a median 87% of the home's value (roughly 13% down), paid a median 6.625% on 30-year fixed conventional loans and faced median conventional loan costs of $6,490.
Lenders denied 5.7% of completed home-purchase applications.
Key facts
- Median conventional loan costs ($6,490) were 17% higher than the U.S. median ($5,570).
- 44.7% of buyers put at least 20% down (financed 80% or less), compared with 38.5% nationally.
- The most common age bracket among borrowers was 25–34 (29.4% of purchase loans).
- 44.5% of purchase mortgages had a single borrower with no co-applicant.
- The most-cited reason for denial was debt-to-income ratio (39.5% of denials with a stated reason).
The 2026 conforming limit is $832,750 for a one-unit home in every Oregon county. See every Oregon county's 2026 FHA and conforming loan limits.
Oregon counties compared
Click a column to sort. Medians shown with at least 30 loans.
| County | Purchase loans | Median loan | Buyer income | Down payment | 30-yr rate | Loan costs | Denial rate | FHA limit |
|---|---|---|---|---|---|---|---|---|
| Baker County | 117 | $265,000 | $88,000 | 6.6% | 6.500% | $5,100 | 9.3% | $541,287 |
| Benton County | 519 | $425,000 | $140,000 | 20.0% | 6.625% | $6,830 | 3.8% | $615,250 |
| Clackamas County | 3,586 | $505,000 | $150,000 | 20.0% | 6.625% | $6,640 | 5.3% | $701,500 |
| Clatsop County | 311 | $425,000 | $128,000 | 15.0% | 6.625% | $6,160 | 6.5% | $563,500 |
| Columbia County | 458 | $405,000 | $120,000 | 7.2% | 6.625% | $6,870 | 5.6% | $701,500 |
| Coos County | 467 | $315,000 | $95,000 | 5.0% | 6.500% | $6,330 | 5.9% | $541,287 |
| Crook County | 320 | $395,000 | $113,000 | 10.0% | 6.625% | $8,180 | 5.5% | $718,750 |
| Curry County | 104 | $335,000 | $107,000 | 20.0% | 6.750% | $5,680 | 9.8% | $541,287 |
| Deschutes County | 2,455 | $495,000 | $153,000 | 20.0% | 6.500% | $6,950 | 5.5% | $718,750 |
| Douglas County | 800 | $315,000 | $93,000 | 5.0% | 6.625% | $5,750 | 8.0% | $541,287 |
| Gilliam County | 9 | — | — | — | — | — | — | $541,287 |
| Grant County | 46 | $215,000 | $78,000 | 5.0% | — | — | 11.1% | $541,287 |
| Harney County | 41 | $185,000 | $69,000 | 5.0% | — | — | 6.7% | $541,287 |
| Hood River County | 108 | $525,000 | $160,000 | 20.0% | 6.500% | $7,000 | 10.6% | $762,450 |
| Jackson County | 1,912 | $365,000 | $113,000 | 10.0% | 6.625% | $6,440 | 5.3% | $541,287 |
| Jefferson County | 230 | $345,000 | $98,000 | 3.7% | 6.500% | $6,780 | 5.8% | $718,750 |
| Josephine County | 661 | $345,000 | $102,000 | 10.0% | 6.625% | $5,800 | 5.9% | $541,287 |
| Klamath County | 528 | $305,000 | $92,000 | 5.0% | 6.625% | $6,590 | 7.7% | $541,287 |
| Lake County | 19 | — | — | — | — | — | — | $541,287 |
| Lane County | 2,823 | $395,000 | $119,000 | 10.9% | 6.625% | $7,010 | 4.8% | $541,287 |
| Lincoln County | 323 | $375,000 | $120,000 | 20.0% | 6.625% | $7,240 | 6.1% | $541,287 |
| Linn County | 1,073 | $365,000 | $105,000 | 5.0% | 6.625% | $6,650 | 5.1% | $541,287 |
| Malheur County | 177 | $265,000 | $85,000 | 5.0% | 6.490% | $6,110 | 7.7% | $541,287 |
| Marion County | 2,547 | $405,000 | $113,000 | 5.0% | 6.625% | $6,520 | 6.7% | $541,287 |
| Morrow County | 85 | $305,000 | $98,000 | 3.5% | — | — | 8.4% | $541,287 |
| Multnomah County | 6,702 | $425,000 | $131,000 | 15.9% | 6.625% | $6,330 | 5.1% | $701,500 |
| Polk County | 742 | $405,000 | $120,000 | 10.0% | 6.581% | $6,990 | 7.8% | $541,287 |
| Sherman County | 12 | — | — | — | — | — | — | $541,287 |
| Tillamook County | 199 | $395,000 | $118,000 | 15.0% | 6.625% | $6,860 | 3.2% | $541,287 |
| Umatilla County | 632 | $295,000 | $96,000 | 3.5% | 6.625% | $6,150 | 5.1% | $541,287 |
| Union County | 180 | $285,000 | $98,000 | 5.0% | 6.625% | $6,170 | 6.7% | $541,287 |
| Wallowa County | 52 | $335,000 | $112,000 | 10.0% | 6.625% | $5,640 | 7.0% | $541,287 |
| Wasco County | 176 | $355,000 | $104,000 | 5.0% | 6.625% | $6,730 | 5.6% | $541,287 |
| Washington County | 5,528 | $485,000 | $148,000 | 16.9% | 6.500% | $6,230 | 5.4% | $701,500 |
| Wheeler County | 7 | — | — | — | — | — | — | $541,287 |
| Yamhill County | 851 | $425,000 | $120,000 | 10.0% | 6.575% | $6,680 | 6.1% | $701,500 |
Who bought homes in Oregon
Home-purchase mortgages for owner-occupied, single-family (1–4 unit) site-built homes, first liens, originated in 2025.
Values are medians; "middle half" is the 25th to 75th percentile.
Loan type
What the homes were for
All first-lien, closed-end purchase mortgages, including second homes and investors.
Borrower age
Debt-to-income ratio
Monthly debts (including the new payment) as a share of income, as used in underwriting.
What borrowing cost in Oregon
Medians for 2025 home-purchase loans. Total loan costs are section D of the Loan Estimate/Closing Disclosure (lender and third-party loan charges, excluding taxes, prepaids and escrow). FHA and VA costs include the upfront mortgage insurance premium or VA funding fee, so compare like with like.
| Measure | Oregon | U.S. |
|---|---|---|
| 30-year fixed rate · conventional | 6.625% | 6.625% |
| 30-year fixed rate · FHA | 6.250% | 6.250% |
| 30-year fixed rate · VA | 6.125% | 6.125% |
| 15-year fixed rate · conventional | 5.825% | 5.875% |
| Rate spread vs. APOR · conventional | +0.12 pts | +0.13 pts |
| Total loan costs · conventional | $6,490 | $5,570 |
| Total loan costs · FHA | $14,710 | $11,310 |
| Total loan costs · VA | $7,420 | $6,490 |
| Origination charges (all loan types) | $3,120 | $1,860 |
| Borrowers paying discount points | 67.7% | 51.3% |
| Points paid, when paid (% of loan) | 0.88% | 0.87% |
| Borrowers receiving lender credits | 30.7% | 33.1% |
| Adjustable-rate mortgages | 4.8% | 7.4% |
| Jumbo loans (above conforming limit) | 3.4% | 3.8% |
Medians are shown only when at least 30 loans report the field. Rates are those reported at closing; market rates changed during 2025, which the rate spread (APR minus the average prime offer rate on the lock date) adjusts for.
Approvals and denials
Oregon: 2,154 of 38,142 completed home-purchase applications were denied (5.7%).
Denial rate
| Application | Oregon | U.S. |
|---|---|---|
| Home purchase | 5.7% | 8.5% |
| Conventional | 4.8% | 7.1% |
| FHA | 8.2% | 12.5% |
| VA | 7.0% | 8.0% |
| USDA | 9.9% | 12.5% |
| Refinance | 14.9% | 17.9% |
| Cash-out refinance | 31.3% | 33.6% |
Main reason for purchase denials
First reason the lender reported.
Denial rate = denied ÷ (originated + approved but not accepted + denied). Withdrawn and incomplete applications are excluded. Differences between places reflect who applies, not only lender behavior.
Refinancing in Oregon
Top mortgage lenders in Oregon
| # | Lender | Loans | Share | Denial rate | 30-yr rate* | Spread* | Costs* |
|---|---|---|---|---|---|---|---|
| 1 | United Wholesale Mortgage (UWM) | 4,048 | 8.5% | 5.9% | 6.625% | +0.14 | $7,010 |
| 2 | Guild Mortgage Company | 3,280 | 6.9% | 1.8% | 6.625% | +0.25 | $8,090 |
| 3 | Rocket Mortgage, LLC | 2,794 | 5.8% | 10.6% | 6.500% | +0.08 | $6,720 |
| 4 | Onpoint Community Credit Union | 2,030 | 4.2% | 2.2% | 6.500% | −0.07 | $4,610 |
| 5 | CMG Mortgage, Inc. | 1,551 | 3.2% | 1.7% | 6.625% | +0.16 | $6,350 |
| 6 | Nations Direct Mortgage, LLC | 1,268 | 2.6% | 1.3% | 6.615% | +0.11 | $6,440 |
| 7 | CrossCountry Mortgage, Inc. | 1,131 | 2.4% | 1.3% | 6.875% | +0.41 | $8,610 |
| 8 | Mortgage Express, LLC | 988 | 2.1% | 3.5% | 6.625% | +0.22 | $7,120 |
| 9 | Fairway Independent Mortgage Corporation | 857 | 1.8% | 4.8% | 6.625% | +0.25 | $6,980 |
| 10 | Newrez LLC | 850 | 1.8% | 3.5% | 6.750% | +0.29 | $6,200 |
| 11 | Pennymac Loan Services, LLC | 844 | 1.8% | 9.4% | 6.625% | +0.17 | $6,520 |
| 12 | Rate | 828 | 1.7% | 1.5% | 6.625% | +0.17 | $6,780 |
| 13 | Veterans United Home Loans | 749 | 1.6% | 8.2% | — | — | — |
| 14 | U.S. Bank, N.A. | 735 | 1.5% | 9.6% | 6.500% | +0.01 | $5,440 |
| 15 | Umpqua Bank | 735 | 1.5% | 4.5% | 6.500% | +0.23 | $5,770 |
| 16 | American Pacific Mortgage Corporation | 668 | 1.4% | 4.3% | 6.750% | +0.37 | $7,160 |
| 17 | loanDepot.com, LLC | 658 | 1.4% | 6.9% | 6.625% | +0.17 | $7,330 |
| 18 | Movement Mortgage, LLC | 658 | 1.4% | 3.0% | 6.750% | +0.30 | $7,290 |
| 19 | Lennar Mortgage, LLC | 655 | 1.4% | 7.1% | 5.250% | −0.72 | $5,830 |
| 20 | Freedom Mortgage Corporation | 649 | 1.4% | 14.3% | — | — | — |
| 21 | Summit Funding, Inc. | 640 | 1.3% | 3.3% | 6.625% | +0.39 | $10,470 |
| 22 | Kind Lending, LLC | 616 | 1.3% | 18.1% | 6.750% | +0.20 | $6,770 |
| 23 | Paramount Residential Mortgage Group, Inc. | 570 | 1.2% | 1.1% | 6.500% | +0.11 | $5,900 |
| 24 | Union Home Mortgage Corp. | 547 | 1.1% | 3.1% | 6.625% | +0.30 | $6,920 |
| 25 | The Loan Store, Inc. | 518 | 1.1% | 2.6% | 6.490% | +0.08 | $6,630 |
Largest lenders in Oregon by 2025 originations. Loans = home-purchase, refinance and cash-out originations (2025); share = share of those loans here; denial rate = home-purchase applications. *Medians for conventional home-purchase loans, shown with at least 20 loans; spread = APR minus the average prime offer rate at rate lock (percentage points); costs = total loan costs (section D).
Metro areas in Oregon
- Portland-Vancouver-Hillsboro, OR-WA · 22,417 purchases
- Salem, OR · 3,289 purchases
- Bend, OR · 3,005 purchases
- Eugene-Springfield, OR · 2,823 purchases
- Medford, OR · 1,912 purchases
- Albany, OR · 1,073 purchases
- Grants Pass, OR · 661 purchases
- Corvallis, OR · 519 purchases
Source: FFIEC/CFPB HMDA 2025 public LAR; FHFA and HUD 2026 loan limits. Methodology