Which mortgage lender in the Bend, OR area typically has the best rates? To help you narrow down where to shop for a mortgage, MortgageWaldo.com provides an objective and data driven ranking of mortgage lenders operating in the Bend, OR area by interest rate and market share. We maintain our independence by not accepting any compensation from the mortgage lenders we rank, and use data on all fixed rate mortgages that were closed in the past year to generate our rankings.
Going by historical data, the best mortgage lender in the Bend, OR area in terms of interest rate is SELCO Community Credit Union, with an average “Rate Difference” of -0.22%. This means that, comparing similar borrowers, SELCO Community Credit Union provided a -0.22% lower interest rate for its customers than other lenders in the area. SELCO Community Credit Union has a market share of 1.3%. On the other hand, the most popular lender in the Bend, OR area is Quicken Loans, with a larger market share of 7.7%. Quicken Loans is an average lender in terms of the interest rate it offers, with a “Rate Difference” of +0.08% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in the Bend, 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, going by historical data, the cheapest lender for Conventional mortgages in Bend, OR is OnPoint Community Credit Union. If you want to take out a loan that is above conforming limits (above $548,250 or $822,375 depending on the area in 2021), the cheapest Jumbo mortgage provider is Wells Fargo Bank. If on the other hand, you want lower down payment or credit score requirements, the cheapest FHA mortgage provider is CMG Financial. The cheapest VA mortgage provider is Caliber Home Loans. Note that as a consumer advocate we always recommend shopping among several of our top ranked lenders in order to get the best rates and fees.
Ranking of Mortgage Lenders in Bend, OR
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.06% | 25.65% | |
| Bank of America | -0.06% | 8.93% | |
| US Bank | -0.02% | 16.14% | |
| OnPoint Community Credit Union | -0.01% | 4.61% | |
| JPMorgan Chase Bank | 0.02% | 7.78% | |
| HomeBridge Financial Services | 0.03% | 0.29% | |
| Quicken Loans | 0.03% | 2.59% | |
| Nations Direct Mortgage | 0.03% | 0.29% | |
| Flagstar Bank | 0.03% | 0.29% | |
| Fairway Independent Mortgage Corporation | 0.03% | 0.29% | |
| Directors Mortgage | 0.04% | 0.86% | |
| American Pacific Mortgage | 0.04% | 0.86% | |
| New American Funding | 0.04% | 0.58% | |
| Willamette Valley Bank | 0.04% | 0.58% | |
| Finance of America Mortgage | 0.04% | 0.86% | |
| Northwest Community Credit Union | 0.04% | 0.29% | |
| CMG Financial | 0.05% | 0.29% | |
| Washington Federal | 0.05% | 2.02% | |
| loanDepot | 0.05% | 2.31% | |
| Sierra Pacific Mortgage | 0.05% | 0.29% | |
| Umpqua Bank | 0.05% | 1.73% | |
| Churchill Mortgage | 0.05% | 0.29% | |
| Academy Mortgage Corporation Utah | 0.06% | 2.31% | |
| Guild Mortgage Company | 0.06% | 1.44% | |
| Summit Funding Inc | 0.06% | 3.75% | |
| Geneva Financial Home Loans | 0.06% | 0.29% | |
| First Interstate Bank | 0.07% | 2.02% | |
| Caliber Home Loans | 0.07% | 3.46% | |
| Evergreen Moneysource Mortgage Company | 0.07% | 1.44% | |
| PrimeLending | 0.08% | 7.49% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Wells Fargo Bank | -0.07% | 29.31% | |
| Bank of America | -0.07% | 9.91% | |
| US Bank | -0.03% | 10.78% | |
| OnPoint Community Credit Union | 0.02% | 3.02% | |
| JPMorgan Chase Bank | 0.02% | 9.48% | |
| Umpqua Bank | 0.03% | 0.86% | |
| Fairway Independent Mortgage Corporation | 0.04% | 0.43% | |
| Quicken Loans | 0.04% | 1.29% | |
| American Pacific Mortgage | 0.04% | 1.29% | |
| New American Funding | 0.04% | 0.86% | |
| Finance of America Mortgage | 0.05% | 0.86% | |
| Northwest Community Credit Union | 0.05% | 0.43% | |
| Directors Mortgage | 0.05% | 0.43% | |
| Willamette Valley Bank | 0.05% | 0.43% | |
| loanDepot | 0.05% | 0.86% | |
| Washington Federal | 0.05% | 2.59% | |
| Sierra Pacific Mortgage | 0.06% | 0.43% | |
| Academy Mortgage Corporation Utah | 0.06% | 2.16% | |
| Guild Mortgage Company | 0.07% | 2.16% | |
| Summit Funding Inc | 0.07% | 3.88% | |
| Geneva Financial Home Loans | 0.07% | 0.43% | |
| Evergreen Moneysource Mortgage Company | 0.08% | 2.16% | |
| First Interstate Bank | 0.08% | 2.16% | |
| Caliber Home Loans | 0.09% | 4.31% | |
| PrimeLending | 0.10% | 9.48% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| OnPoint Community Credit Union | -0.04% | 7.83% | |
| US Bank | -0.02% | 26.96% | |
| Bank of America | -0.02% | 6.96% | |
| Wells Fargo Bank | -0.01% | 18.26% | |
| Caliber Home Loans | 0.01% | 1.74% | |
| Quicken Loans | 0.02% | 5.22% | |
| HomeBridge Financial Services | 0.02% | 0.87% | |
| Washington Federal | 0.02% | 0.87% | |
| Nations Direct Mortgage | 0.02% | 0.87% | |
| Flagstar Bank | 0.02% | 0.87% | |
| Directors Mortgage | 0.02% | 1.74% | |
| PrimeLending | 0.03% | 3.48% | |
| Willamette Valley Bank | 0.03% | 0.87% | |
| Finance of America Mortgage | 0.03% | 0.87% | |
| First Interstate Bank | 0.03% | 1.74% | |
| CMG Financial | 0.04% | 0.87% | |
| loanDepot | 0.04% | 5.22% | |
| JPMorgan Chase Bank | 0.04% | 4.35% | |
| Churchill Mortgage | 0.04% | 0.87% | |
| Summit Funding Inc | 0.05% | 3.48% | |
| Umpqua Bank | 0.05% | 3.48% | |
| Academy Mortgage Corporation Utah | 0.06% | 2.61% |
* Data is compiled for the Bend, OR commuting zone area, which comprises of counties of Crook County, OR, Deschutes County, OR, and Jefferson County, OR. This includes cities/towns/communities of Bend, OR as well as Redmond, OR, Three Rivers, OR, Prineville, OR, Eagle Crest, OR, Sisters, OR, Madras, OR, La Pine, OR, Deschutes River Woods, OR, Culver, OR, Pronghorn, OR, and Warm Springs, OR. Lenders must have made at least 30 loans in the area to be included. Source of the data is 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 conditional on the commuting zone, 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.
Mortgage Lender Rankings in Other Cities
This page contains information about the top mortgage lenders in the Bend, OR area. For mortgage lender rankings in other cities, click here.