Loan Programs · Medford Oregon
Conventional Loans in Oregon
Flexible, competitive financing for qualified buyers in Medford, Ashland, Central Point, and Grants Pass.
Overview
A conventional loan is a mortgage not backed by a government agency — and for many Oregon homebuyers, it offers the most flexibility and competitive rates. With a strong credit profile and a solid down payment, conventional loans often come with lower long-term costs than government-backed alternatives. Stephen Harris, CMC, works with multiple lenders to find the conventional loan structure that fits your specific situation — whether you're purchasing your first home, moving up, or investing in the Medford market.
Who This Loan Is For
Buyers with a credit score of 620 or higher (better rates at 740+)
Homebuyers who can put down 3%–20% or more
Buyers purchasing primary residences, second homes, or investment properties
Borrowers who want to avoid FHA mortgage insurance with 20%+ down
Buyers seeking loan amounts within conforming limits for Oregon
Key Benefits
Competitive Interest Rates
Strong credit profiles unlock some of the most competitive rates available in the mortgage market.
No Upfront Mortgage Insurance
Unlike FHA loans, conventional loans have no upfront mortgage insurance premium.
PMI Removal at 20% Equity
Private mortgage insurance can be cancelled once you reach 20% equity — unlike FHA MIP in many cases.
Flexible Property Types
Finance primary homes, vacation properties, and investment properties with conventional financing.
Multiple Term Options
Choose from 10, 15, 20, or 30-year fixed terms, or explore adjustable-rate options.
Higher Loan Limits
Conforming loan limits in Oregon allow financing for a wide range of home prices in the Medford area.
Basic Qualification Guidelines
Minimum credit score: typically 620 (740+ for best rates)
Debt-to-income ratio: generally under 45%
Down payment: as low as 3% for first-time buyers, 5% for repeat buyers
Stable employment history: typically 2 years
Property must meet appraisal and condition requirements
Loan amount within conforming limits (check current Oregon limits)
Not a commitment to lend. All loans subject to credit approval, property appraisal, and underwriting guidelines. Results may vary.
Get Pre-Approved
Free consultation · No obligation