Top Mortgage Lenders in the Hermiston, OR area

Which mortgage lender in the Hermiston, OR area typically has the best rates? To help you narrow down where to shop for a mortgage, we provide a data driven ranking of mortgage lenders in the Hermiston, OR area by interest rate and market share. We use data on all fixed rate mortgages that were closed in the past year to generate our rankings. We do not receive any compensation from lenders and strive to provide the most objective and authoritative ranking possible.

Based on our data, the cheapest overall lender in the Hermiston, OR area is First Community Credit Union, with a “Rate Rank” of 1 and an average “Rate Difference” of -0.21%. This means that First Community Credit Union provided a -0.21% lower interest rate for its customers than other lenders in Hermiston, OR for a similar set of borrowers. First Community Credit Union has a market share of 6.5%. On the other hand, the most popular lender in the market is Guild Mortgage Company, with a market share of 18.4%. Guild Mortgage Company is an average rate lender in this area, with a “Rate Difference” of -0.03% relative to those of other lenders.

Our detailed rankings of the mortgage lenders for the Hermiston, OR area is shown in the table below. In the table, we also give our assessment of whether they are, on average, a cheap/expensive lender through a star rating system. You can choose to tailor our ranking table to a specific mortgage type (Conventional/Jumbo/FHA/VA) and purpose (purchase/refinance) through the drop-down menu. For example, the cheapest lender for Conventional mortgages in Hermiston, OR is First Community Credit Union. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is Banner Bank. The cheapest VA mortgage provider is Guild Mortgage Company. To get the lowest rate for your mortgage, we would suggest shopping and negotiating among several of our top ranked lenders by “Rate Rank” for your desired mortgage type and purpose.

Mortgage Type:
Purchase/Refinance:
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Credit Union 1, -0.21% 6.48%
HomeStreet Bank 2, -0.05% 4.10%
Landmark Professional Mortgage Corporation 3, -0.04% 3.89%
Banner Bank 4, -0.04% 7.67%
Us Bank 5, -0.04% 3.78%
Guild Mortgage Company 6, -0.03% 18.36%
Stearns Lending 7, -0.01% 5.18%
Umpqua Bank 8, 0.00% 4.10%
Fairway Independent Mort Corp 9, 0.02% 9.83%
Quicken Loans 10, 0.03% 11.23%
Academy Mortgage Corporation 11, 0.08% 12.31%
American Pacific Mortgage Corporation 12, 0.09% 13.07%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Credit Union 1, -0.23% 5.26%
HomeStreet Bank 2, -0.07% 4.94%
Us Bank 3, -0.05% 2.71%
Landmark Professional Mortgage Corporation 4, -0.05% 5.42%
Guild Mortgage Company 5, -0.04% 21.37%
Banner Bank 6, -0.04% 7.81%
Stearns Lending 7, -0.01% 5.90%
Umpqua Bank 8, 0.01% 3.35%
Fairway Independent Mort Corp 9, 0.02% 10.53%
Quicken Loans 10, 0.03% 2.55%
Academy Mortgage Corporation 11, 0.09% 16.27%
American Pacific Mortgage Corporation 12, 0.10% 13.88%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Credit Union 1, -0.17% 9.03%
Banner Bank 2, -0.04% 7.36%
Guild Mortgage Company 3, -0.02% 12.04%
Stearns Lending 4, -0.01% 3.68%
Us Bank 5, -0.01% 6.02%
Academy Mortgage Corporation 6, -0.01% 4.01%
HomeStreet Bank 7, 0.00% 2.34%
Umpqua Bank 8, 0.00% 5.69%
Landmark Professional Mortgage Corporation 9, 0.00% 0.67%
Fairway Independent Mort Corp 10, 0.00% 8.36%
Quicken Loans 11, 0.05% 29.43%
American Pacific Mortgage Corporation 12, 0.05% 11.37%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Credit Union 1, -0.20% 10.70%
HomeStreet Bank 2, -0.05% 3.21%
Us Bank 3, -0.03% 4.99%
Banner Bank 4, 0.00% 8.56%
Guild Mortgage Company 5, 0.00% 17.29%
Stearns Lending 6, 0.01% 5.17%
Umpqua Bank 7, 0.01% 4.46%
Landmark Professional Mortgage Corporation 8, 0.01% 2.85%
American Pacific Mortgage Corporation 9, 0.05% 10.87%
Fairway Independent Mort Corp 10, 0.05% 8.38%
Academy Mortgage Corporation 11, 0.06% 10.34%
Quicken Loans 12, 0.06% 13.19%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Credit Union 1, -0.22% 9.54%
HomeStreet Bank 2, -0.06% 4.91%
Us Bank 3, -0.05% 3.18%
Guild Mortgage Company 4, -0.00% 22.25%
Landmark Professional Mortgage Corporation 5, 0.01% 4.05%
Stearns Lending 6, 0.02% 5.49%
Umpqua Bank 7, 0.02% 4.34%
Banner Bank 8, 0.03% 8.67%
Quicken Loans 9, 0.04% 2.89%
American Pacific Mortgage Corporation 10, 0.05% 11.85%
Fairway Independent Mort Corp 11, 0.06% 9.25%
Academy Mortgage Corporation 12, 0.07% 13.58%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
First Community Credit Union 1, -0.17% 12.56%
Banner Bank 2, -0.04% 8.37%
Stearns Lending 3, -0.01% 4.65%
Us Bank 4, -0.01% 7.91%
Umpqua Bank 5, -0.01% 4.65%
Academy Mortgage Corporation 6, -0.00% 5.12%
HomeStreet Bank 7, 0.00% 0.47%
Landmark Professional Mortgage Corporation 8, 0.01% 0.93%
Guild Mortgage Company 9, 0.01% 9.30%
Fairway Independent Mort Corp 10, 0.02% 6.98%
American Pacific Mortgage Corporation 11, 0.03% 9.30%
Quicken Loans 12, 0.07% 29.77%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.14% 6.34%
Landmark Professional Mortgage Corporation 2, -0.09% 7.46%
Guild Mortgage Company 3, -0.08% 18.66%
HomeStreet Bank 4, -0.07% 5.60%
Us Bank 5, -0.06% 2.24%
Quicken Loans 6, -0.04% 8.21%
Umpqua Bank 7, -0.03% 1.87%
Stearns Lending 8, -0.02% 4.48%
Fairway Independent Mort Corp 9, -0.02% 10.82%
Academy Mortgage Corporation 10, 0.11% 19.78%
American Pacific Mortgage Corporation 11, 0.14% 14.55%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Banner Bank 1, -0.17% 6.45%
Landmark Professional Mortgage Corporation 2, -0.10% 9.22%
HomeStreet Bank 3, -0.09% 5.53%
Guild Mortgage Company 4, -0.08% 18.89%
Us Bank 5, -0.07% 2.30%
Umpqua Bank 6, -0.04% 1.84%
Stearns Lending 7, -0.03% 5.53%
Fairway Independent Mort Corp 8, -0.02% 10.60%
Quicken Loans 9, 0.01% 2.30%
Academy Mortgage Corporation 10, 0.10% 23.96%
American Pacific Mortgage Corporation 11, 0.16% 13.36%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.06% 17.65%
Fairway Independent Mort Corp 2, -0.04% 11.76%
Quicken Loans 3, -0.02% 33.33%
Banner Bank 4, -0.02% 5.88%
Us Bank 5, 0.00% 1.96%
Umpqua Bank 6, 0.00% 1.96%
HomeStreet Bank 7, 0.01% 5.88%
Academy Mortgage Corporation 8, 0.01% 1.96%
American Pacific Mortgage Corporation 9, 0.11% 19.61%
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Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.06% 23.71%
Stearns Lending 2, -0.03% 7.22%
HomeStreet Bank 3, -0.02% 5.15%
Fairway Independent Mort Corp 4, -0.01% 15.46%
Us Bank 5, -0.01% 1.03%
Banner Bank 6, -0.01% 6.19%
Umpqua Bank 7, 0.00% 8.25%
Quicken Loans 8, 0.01% 8.25%
Academy Mortgage Corporation 9, 0.01% 3.09%
American Pacific Mortgage Corporation 10, 0.09% 21.65%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.07% 25.00%
Stearns Lending 2, -0.04% 9.38%
Quicken Loans 3, -0.02% 1.56%
Us Bank 4, -0.01% 1.56%
Fairway Independent Mort Corp 5, -0.01% 17.19%
HomeStreet Bank 6, -0.01% 3.12%
Banner Bank 7, -0.01% 7.81%
Umpqua Bank 8, -0.00% 3.12%
Academy Mortgage Corporation 9, 0.01% 4.69%
American Pacific Mortgage Corporation 10, 0.09% 26.56%
Lender Name Rate Rank, Rate Difference Rate Rating Market Share
Guild Mortgage Company 1, -0.04% 21.21%
HomeStreet Bank 2, -0.02% 9.09%
Fairway Independent Mort Corp 3, -0.01% 12.12%
Banner Bank 4, -0.01% 3.03%
Stearns Lending 5, -0.00% 3.03%
Umpqua Bank 6, 0.01% 18.18%
Quicken Loans 7, 0.02% 21.21%
American Pacific Mortgage Corporation 8, 0.04% 12.12%

* Data is compiled for the Hermiston, OR commuting zone area, which comprises of counties of Gilliam County, OR, Morrow County, OR, Umatilla County, OR, and Wheeler County, OR. This includes cities/towns/communities of Hermiston, OR as well as Pendleton, OR, Umatilla, OR, Boardman, OR, Milton-Freewater, OR, Weston, OR, Stanfield, OR, Pilot Rock, OR, Heppner, OR, Athena, OR, Condon, OR, Mission, OR, and Fossil, OR. Lenders must have made at least 30 loans in the area to be included. Source for the data comes from Federal Financial Institutions Examination Council (FFIEC). Rate Difference (the average difference of interest rates relative to those of other lenders) were computed by subtracting the rate at origination from the average predicted rate based on the MSA, borrower LTV, DTI, Loan Amount, Loan Type, and Loan Purpose, and then regularized based on a Bayesian approach to account for smaller sample sizes. Above-average mortgage closing costs were then added to the rate difference at a rate of +0.15/point. Star ratings were determined in intervals of 0.10% in rate difference per half star.

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