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Best Mortgage Rates in Oregon — April 2026

Compare current Oregon mortgage rates across loan types. The average home price in Oregon is $500,000 with a property tax rate of 0.87%. Find the best rate for your Oregon home purchase or refinance.

Avg Home Price
$500,000
Property Tax Rate
0.87%
Median Income
$73,640
Population
4.2M

Current Oregon Mortgage Rates

Updated April 2026. Rates shown are averages — your rate depends on credit score, down payment, loan amount, and lender.

Loan TypeRateAPRMonthly P&I*
30-Year Fixed6.84%6.96%$2,619
20-Year Fixed6.61%6.71%$3,009
15-Year Fixed6.14%6.22%$3,407
10-Year Fixed5.94%6.01%$4,429
FHA 30-Year6.44%6.59%$2,513
VA 30-Year6.24%6.34%$2,461

*Monthly payment based on $400,000 loan (20% down on $500,000 avg home price). Does not include taxes or insurance.

Estimated Monthly Payment in Oregon

Full PITI breakdown for a $500,000 home with 20% down at 6.84%:

Principal & Interest$2,619
Property Taxes$363
Homeowners Insurance$146
Total Monthly (PITI)$3,128

Oregon First-Time Homebuyer Programs

Oregon Bond Residential Loan

The Oregon Housing & Community Services offers programs to help first-time buyers in Oregon achieve homeownership. Benefits typically include:

  • Below-market interest rates for qualifying borrowers
  • Down payment assistance (up to 3-5% of purchase price)
  • Closing cost assistance programs
  • Homebuyer education and counseling
  • Compatible with FHA, VA, USDA, and conventional loans

Income limits, purchase price limits, and credit score requirements apply. Contact the Oregon Housing & Community Services directly for current program details.

Popular Cities for Homebuying in Oregon

🏠Portland
🏠Salem
🏠Eugene
🏠Bend
🏠Medford

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Oregon Mortgage FAQs

What are current mortgage rates in Oregon?+
As of April 2026, average mortgage rates in Oregon are approximately 6.84% for a 30-year fixed, 6.14% for a 15-year fixed, and 6.44% for an FHA 30-year loan. Rates vary based on your credit score, down payment, loan amount, and lender. Use our mortgage calculator to estimate your specific payment.
How much house can I afford in Oregon?+
With the average home price of $500,000 in Oregon and a median household income of $73,640, affordability depends on your debt-to-income ratio, down payment, and current rates. A general rule is your monthly payment (including taxes and insurance) should not exceed 28-33% of gross income. At current rates, a $500,000 home with 20% down would cost approximately $3,128/month.
What is the property tax rate in Oregon?+
The effective property tax rate in Oregon averages 0.87%. On the average home price of $500,000, that's approximately $4,350 per year or $363/month. Property taxes are a significant part of your monthly housing cost and vary by county.
Are there first-time homebuyer programs in Oregon?+
Yes! Oregon offers the Oregon Bond Residential Loan through the Oregon Housing & Community Services. This program typically provides below-market interest rates, down payment assistance, and closing cost help for qualifying first-time buyers. Income limits and property value caps apply. Contact the Oregon Housing & Community Services for current program details and eligibility.
Should I get a 15-year or 30-year mortgage in Oregon?+
A 15-year mortgage in Oregon currently offers rates around 6.14% vs 6.84% for 30-year, saving you significantly on interest. On a $400,000 loan, the 30-year payment is $2,619/month while a 15-year is $3,407/month. Choose 15-year if you can afford the higher payment; choose 30-year for more cash flow flexibility.
What credit score do I need to buy a home in Oregon?+
In Oregon, conventional loans typically require a 620+ credit score, FHA loans require 580+ (or 500+ with 10% down), and VA loans have no official minimum but lenders usually want 620+. Higher credit scores get better rates — a score of 760+ qualifies for the best rates in Oregon, potentially saving thousands over the life of the loan. The Oregon Housing & Community Services programs may have specific credit requirements.

Oregon Mortgage Tools

🏠Mortgage Calculator🔄Refinance Calculator🏡HELOC Calculator📖Mortgage Guide

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