Which mortgage lender in the Hermiston, 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 Hermiston, 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 Hermiston, OR area in terms of interest rate is First Community Credit Union Oregon, with an average “Rate Difference” of -0.21%. This means that, comparing similar borrowers, First Community Credit Union Oregon provided a -0.21% lower interest rate for its customers than other lenders in the area. First Community Credit Union Oregon has a market share of 6.5%. On the other hand, the most popular lender in the Hermiston, OR area is Guild Mortgage Company, with a larger market share of 18.4%. Guild Mortgage Company is an average lender in terms of the interest rate it offers, with a “Rate Difference” of -0.03% compared to those of other lenders in this area.
Our detailed ranking of mortgage lenders in 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, going by historical data, the cheapest lender for Conventional mortgages in Hermiston, OR is First Community Credit Union Oregon. 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. 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 Hermiston, OR
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Credit Union Oregon | -0.21% | 6.48% | |
| HomeStreet Bank | -0.05% | 4.10% | |
| Landmark Professional Mortgage Corporation | -0.04% | 3.89% | |
| Banner Bank | -0.04% | 7.67% | |
| US Bank | -0.04% | 3.78% | |
| Guild Mortgage Company | -0.03% | 18.36% | |
| Stearns Home Loans | -0.01% | 5.18% | |
| Umpqua Bank | 0.00% | 4.10% | |
| Fairway Independent Mortgage Corporation | 0.02% | 9.83% | |
| Quicken Loans | 0.03% | 11.23% | |
| Academy Mortgage Corporation Utah | 0.08% | 12.31% | |
| American Pacific Mortgage | 0.09% | 13.07% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Credit Union Oregon | -0.23% | 5.26% | |
| HomeStreet Bank | -0.07% | 4.94% | |
| US Bank | -0.05% | 2.71% | |
| Landmark Professional Mortgage Corporation | -0.05% | 5.42% | |
| Guild Mortgage Company | -0.04% | 21.37% | |
| Banner Bank | -0.04% | 7.81% | |
| Stearns Home Loans | -0.01% | 5.90% | |
| Umpqua Bank | 0.01% | 3.35% | |
| Fairway Independent Mortgage Corporation | 0.02% | 10.53% | |
| Quicken Loans | 0.03% | 2.55% | |
| Academy Mortgage Corporation Utah | 0.09% | 16.27% | |
| American Pacific Mortgage | 0.10% | 13.88% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Credit Union Oregon | -0.17% | 9.03% | |
| Banner Bank | -0.04% | 7.36% | |
| Guild Mortgage Company | -0.02% | 12.04% | |
| Stearns Home Loans | -0.01% | 3.68% | |
| US Bank | -0.01% | 6.02% | |
| Academy Mortgage Corporation Utah | -0.01% | 4.01% | |
| HomeStreet Bank | 0.00% | 2.34% | |
| Umpqua Bank | 0.00% | 5.69% | |
| Landmark Professional Mortgage Corporation | 0.00% | 0.67% | |
| Fairway Independent Mortgage Corporation | 0.00% | 8.36% | |
| Quicken Loans | 0.05% | 29.43% | |
| American Pacific Mortgage | 0.05% | 11.37% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Credit Union Oregon | -0.20% | 10.70% | |
| HomeStreet Bank | -0.05% | 3.21% | |
| US Bank | -0.03% | 4.99% | |
| Banner Bank | 0.00% | 8.56% | |
| Guild Mortgage Company | 0.00% | 17.29% | |
| Stearns Home Loans | 0.01% | 5.17% | |
| Umpqua Bank | 0.01% | 4.46% | |
| Landmark Professional Mortgage Corporation | 0.01% | 2.85% | |
| American Pacific Mortgage | 0.05% | 10.87% | |
| Fairway Independent Mortgage Corporation | 0.05% | 8.38% | |
| Academy Mortgage Corporation Utah | 0.06% | 10.34% | |
| Quicken Loans | 0.06% | 13.19% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Credit Union Oregon | -0.22% | 9.54% | |
| HomeStreet Bank | -0.06% | 4.91% | |
| US Bank | -0.05% | 3.18% | |
| Guild Mortgage Company | -0.00% | 22.25% | |
| Landmark Professional Mortgage Corporation | 0.01% | 4.05% | |
| Stearns Home Loans | 0.02% | 5.49% | |
| Umpqua Bank | 0.02% | 4.34% | |
| Banner Bank | 0.03% | 8.67% | |
| Quicken Loans | 0.04% | 2.89% | |
| American Pacific Mortgage | 0.05% | 11.85% | |
| Fairway Independent Mortgage Corporation | 0.06% | 9.25% | |
| Academy Mortgage Corporation Utah | 0.07% | 13.58% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| First Community Credit Union Oregon | -0.17% | 12.56% | |
| Banner Bank | -0.04% | 8.37% | |
| Stearns Home Loans | -0.01% | 4.65% | |
| US Bank | -0.01% | 7.91% | |
| Umpqua Bank | -0.01% | 4.65% | |
| Academy Mortgage Corporation Utah | -0.00% | 5.12% | |
| HomeStreet Bank | 0.00% | 0.47% | |
| Landmark Professional Mortgage Corporation | 0.01% | 0.93% | |
| Guild Mortgage Company | 0.01% | 9.30% | |
| Fairway Independent Mortgage Corporation | 0.02% | 6.98% | |
| American Pacific Mortgage | 0.03% | 9.30% | |
| Quicken Loans | 0.07% | 29.77% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Banner Bank | -0.14% | 6.34% | |
| Landmark Professional Mortgage Corporation | -0.09% | 7.46% | |
| Guild Mortgage Company | -0.08% | 18.66% | |
| HomeStreet Bank | -0.07% | 5.60% | |
| US Bank | -0.06% | 2.24% | |
| Quicken Loans | -0.04% | 8.21% | |
| Umpqua Bank | -0.03% | 1.87% | |
| Stearns Home Loans | -0.02% | 4.48% | |
| Fairway Independent Mortgage Corporation | -0.02% | 10.82% | |
| Academy Mortgage Corporation Utah | 0.11% | 19.78% | |
| American Pacific Mortgage | 0.14% | 14.55% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Banner Bank | -0.17% | 6.45% | |
| Landmark Professional Mortgage Corporation | -0.10% | 9.22% | |
| HomeStreet Bank | -0.09% | 5.53% | |
| Guild Mortgage Company | -0.08% | 18.89% | |
| US Bank | -0.07% | 2.30% | |
| Umpqua Bank | -0.04% | 1.84% | |
| Stearns Home Loans | -0.03% | 5.53% | |
| Fairway Independent Mortgage Corporation | -0.02% | 10.60% | |
| Quicken Loans | 0.01% | 2.30% | |
| Academy Mortgage Corporation Utah | 0.10% | 23.96% | |
| American Pacific Mortgage | 0.16% | 13.36% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.06% | 17.65% | |
| Fairway Independent Mortgage Corporation | -0.04% | 11.76% | |
| Quicken Loans | -0.02% | 33.33% | |
| Banner Bank | -0.02% | 5.88% | |
| US Bank | 0.00% | 1.96% | |
| Umpqua Bank | 0.00% | 1.96% | |
| HomeStreet Bank | 0.01% | 5.88% | |
| Academy Mortgage Corporation Utah | 0.01% | 1.96% | |
| American Pacific Mortgage | 0.11% | 19.61% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.06% | 23.71% | |
| Stearns Home Loans | -0.03% | 7.22% | |
| HomeStreet Bank | -0.02% | 5.15% | |
| Fairway Independent Mortgage Corporation | -0.01% | 15.46% | |
| US Bank | -0.01% | 1.03% | |
| Banner Bank | -0.01% | 6.19% | |
| Umpqua Bank | 0.00% | 8.25% | |
| Quicken Loans | 0.01% | 8.25% | |
| Academy Mortgage Corporation Utah | 0.01% | 3.09% | |
| American Pacific Mortgage | 0.09% | 21.65% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.07% | 25.00% | |
| Stearns Home Loans | -0.04% | 9.38% | |
| Quicken Loans | -0.02% | 1.56% | |
| US Bank | -0.01% | 1.56% | |
| Fairway Independent Mortgage Corporation | -0.01% | 17.19% | |
| HomeStreet Bank | -0.01% | 3.12% | |
| Banner Bank | -0.01% | 7.81% | |
| Umpqua Bank | -0.00% | 3.12% | |
| Academy Mortgage Corporation Utah | 0.01% | 4.69% | |
| American Pacific Mortgage | 0.09% | 26.56% |
| Lender Name | Rate Difference | Rate Rating | Market Share |
|---|---|---|---|
| Guild Mortgage Company | -0.04% | 21.21% | |
| HomeStreet Bank | -0.02% | 9.09% | |
| Fairway Independent Mortgage Corporation | -0.01% | 12.12% | |
| Banner Bank | -0.01% | 3.03% | |
| Stearns Home Loans | -0.00% | 3.03% | |
| Umpqua Bank | 0.01% | 18.18% | |
| Quicken Loans | 0.02% | 21.21% | |
| American Pacific Mortgage | 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 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 Hermiston, OR area. For mortgage lender rankings in other cities, click here.