Best Mortgage Lender in Oregon for Bad Credit Buyers

Best Mortgage Lender in Oregon: Why Gustan Cho Associates Is Your #1 Choice in 2025

If you’re looking for the best mortgage lender in Oregon, you want more than just low rates. You need a lender who can actually get your loan approved, even if other banks have turned you down.

At Gustan Cho Associates, we make homeownership happen for buyers across Oregon — from Portland to Bend, Salem to Eugene — with over 210 wholesale mortgage lenders and hundreds of loan programs. Whether buying your first home, upgrading to a second property, or investing in real estate, we have the solutions to get you approved fast.

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Why Gustan Cho Associates Is the Best Mortgage Lender in Oregon for All Buyers

There is a reason why many people move to Oregon to buy a home and call the state their forever home. First, let us give you a little history lesson on the state of Oregon. The Oregon region was purchased during the Louisiana Purchase in 1803. Oregon did not become an official state until 1859 when it was ratified as the 33rd state of the union. This area was originally mapped out by the great explorer’s Lewis and Clark.

Although historians disagree on how the name Oregon came to be, the most agreed-upon theory is that it came from the French word “Ouragan” meaning hurricane. Besides the rich history of the state, Oregon has breathtaking landscaping, mountains, and forests. The vistas of Oregon are incredible.

The “unofficial” nickname of the state is the “beaver state” because early settlers trapped beaver for many different purposes, but mainly for their fur. The beaver is now the official state animal of Oregon.

Finding the best mortgage lender in Oregon isn’t about flashy ads — it’s about results. Over 75% of our borrowers come to us after being denied elsewhere. Why?

No lender overlays: We approve borrowers based on official FHA, VA, USDA, and conventional guidelines, not extra rules that block approvals.
More loan programs: From traditional mortgages to niche non-QM loans, we have options for almost every scenario.
Fast closings: We can close many loans in 21 days or less.
Experience with tough files: Bad credit, high debt-to-income (DTI) ratios, recent bankruptcies — we’ve seen it all and know how to get it done.

When you work with us, you work with a one-stop mortgage shop in Oregon. This shop is backed by NEXA Mortgage, LLC, which is licensed in 50 states and powered by a nationwide network.

Best Oregon Mortgage Lender for Bad Credit

Even with a low credit score, you can still buy a home in Oregon with the right lender.

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Best Mortgage Lender in Oregon for Low Credit Score Home Loans

Many lenders in Oregon set their own credit score requirements higher than the official rules. This means even if FHA says you can qualify with a 580 score, your local bank might still require 640 or higher.

At Gustan Cho Associates, we approve FHA loans down to 580 FICO with just 3.5% down — and even lower scores with a larger down payment. If you’ve been told “no” because of your credit, we might be able to turn it into a “yes.”

Common loan programs we offer for low credit scores:

FHA loans with 580 scores
VA loans with no minimum credit score
USDA loans for rural areas
Non-QM loans for credit scores as low as 500

We’re known as the best mortgage lender in Oregon for bad credit because we don’t add overlays that block borrowers.

Best Mortgage Lender in Oregon for Buying a Home After Bankruptcy or Foreclosure

If you’ve gone through bankruptcy, foreclosure, or a short sale, many lenders will make you wait years before applying again.

We specialize in manual underwriting for FHA and VA loans, which allows:

FHA loans during Chapter 13 bankruptcy (with trustee approval)
No waiting period after Chapter 13 discharge on FHA and VA loans
FHA loans just two years after Chapter 7 bankruptcy
VA loans just two years after foreclosure

If you need the best mortgage lender in Oregon for post-bankruptcy approvals, we have the experience and programs to make it happen.

Special Loan Programs Only the Best Mortgage Lender in Oregon Can Offer

Most banks and credit unions only offer standard loan programs. At Gustan Cho Associates, we go beyond that with unique financing solutions, including:

Bank Statement Loans – For self-employed borrowers using 12 or 24 months of business deposits to qualify.
DSCR Loans – For real estate investors who are qualify based on rental income instead of tax returns.
Fix and Flip Loans – Short-term financing for investment property renovations.
Condotel and Non-Warrantable Condo Loans – For properties that most banks won’t touch.
All-in-One Construction Loans – Finance the land, construction, and permanent mortgage in one loan.
Asset-Depletion Loans – Qualify based on assets instead of income.

No matter your situation, the best mortgage lender in Oregon should have options, and we have more than anyone else.

Find the Best Mortgage Lender in Oregon for Bad Credit

Discover programs designed to help you buy a home — even if other lenders said no.

See Your Loan Options Today

Why Oregon Homebuyers Choose Us Over Local Banks

Many homebuyers in Oregon opt for Gustan Cho Associates over local banks due to several key advantages. While local lenders may have stricter rules and a limited selection of loan programs, Gustan Cho Associates boasts a nationwide network of over 210 lenders, providing access to more competitive rates and diverse approval options.

Additionally, our commitment to working nights and weekends ensures we can meet tight deadlines, which is essential in today’s competitive housing market.

We’re based in Illinois but licensed in Oregon and fully committed to helping local homebuyers. Our tech makes it easy to apply online, upload your docs safely, and wrap things up without annoying hold-ups.

The Oregon Housing Market in 2025 — Why Now Is the Time to Act

In 2025, the Oregon housing market is super competitive, so if you’re thinking about buying, you’ll need to act fast. There aren’t many homes available, especially in popular spots like Portland and Bend, so getting pre-approved is key. Interest rates will likely level off after some recent ups and downs, which could make things more affordable. Plus, many folks are moving in from California, Washington, and Idaho, so if you find a place you like, be ready to make a strong offer.

Teaming up with the best mortgage lender in Oregon can help you jump on a great home the moment it hits the market.

How to Get Started with the Best Mortgage Lender in Oregon

Getting started with us is easy:

Call or text us at 800-900-8569.
Apply online in minutes at GustanCho.com.
Upload your documents securely.
Get pre-approved fast — sometimes within the same day.

We’ll guide you from application to closing, making sure you understand the process and feel confident about your mortgage.

What Our Oregon Clients Say About Us

We’ve helped first-time buyers, investors, and families moving to Oregon from out of state. Here’s what they often say:

“My bank denied me because of my credit score. Gustan Cho Associates got me approved within weeks.” – Portland, OR

“I was in the middle of Chapter 13 bankruptcy and thought buying was impossible. They proved me wrong.” – Eugene, OR

This is why so many call us the best mortgage lender in Oregon — we get it done when others can’t.

Your Next Step Toward Owning a Home in Oregon

Whether you’re buying in Portland, Salem, Eugene, Bend, Medford, or the Oregon Coast, we’re here to help. If you’ve been denied by another lender or want to explore more options than your local bank can offer, contact Gustan Cho Associates today.

Borrowers who need a five-star national mortgage company licensed in 50 states with no overlays and who are experts on the best mortgage lender in Oregon, please contact us at 800-900-8569, text us for a faster response, or email us at alex@gustancho.com.

Final Word

In 2025, the difference between getting approved or denied often comes down to choosing the right lender. With no overlays, more loan programs, and a team that works for you, Gustan Cho Associates is the clear choice for anyone looking for the best mortgage lender in Oregon.