Purchase Loans
Most home loans are simpler than they feel. We'll walk you through yours and get it closed.
Overview
A purchase loan is the mortgage you use to buy a home. The Lindley Team at Movement Mortgage helps you find the right loan structure for your income, credit profile, down payment, and long-term financial goals. Whether you're a first-time buyer in Portland's Sellwood neighborhood or upgrading to a larger home in Lake Oswego, the purchase process starts with understanding where you are financially and where you want to go.
Who It's For
How It Works
Discovery Call
30-minute conversation about your goals, timeline, budget, and financial picture. No commitment, no pressure.
Pre-Approval
We pull credit and verify income — you'll have a real answer within 24-48 hours. If you qualify, that's a pre-approval letter sellers take seriously.
Loan Selection
Once you're under contract, we match you to the right program and structure it around your goals — with real room to move on pricing.
Close & Keys
We manage the paperwork, coordinate with your agent and title company, and get you to the closing table on time.
Requirements
These are general guidelines, not a quote or commitment to lend. Actual terms depend on credit approval, income, and underwriting — not all applicants will qualify, and programs and requirements are subject to change without notice. Through Movement Mortgage we have access to additional programs with different requirements. Contact David & Bri for options specific to your situation.
Pros & Cons
Advantages
Considerations
Calculator
Quick estimate
Estimate your monthly payment
Estimated monthly payment
$3,490
30-year fixed at 6.875%
FAQ
8 questions
How much do I need for a down payment in Portland?
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Down payment requirements range from 0% (VA loans) to 3% (Conventional) to 3.5% (FHA). While 20% avoids private mortgage insurance (PMI), most Portland buyers put down far less. Oregon also has down payment assistance programs like OHCS that can help cover your upfront costs. We'll walk you through all your options.
How long does the mortgage process take?
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From pre-approval to closing, the typical timeline is 30-45 days. We can usually give you a real answer on pre-approval within 24-48 hours of getting your documents — approval itself depends on credit, income, and underwriting. The biggest variable after that is finding the right home; once you're under contract, we move fast.
What credit score do I need to buy a home?
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The minimum depends on the loan type: 580 for FHA, 620 for most Conventional loans, and no minimum for VA (though most lenders look for 580+). If your score is below these thresholds, we can discuss strategies to improve it before applying.
Should I get pre-approved before house hunting?
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Absolutely. In Portland's market, sellers expect buyers to have pre-approval letters. Without one, most listing agents won't take your offer seriously. Pre-approval also tells YOU what you can afford so you're not wasting time looking at homes outside your range.
Do I work with a person or a call center?
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A person — David or Bri, start to finish. No 1-800 queue. You get a full shelf of in-house loan programs and real room on pricing, so it's personal service and competitive terms, not one product getting pushed on you.
How much house can I afford in Portland?
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This depends on your income, debts, down payment, and the current interest rate. A general rule: your total monthly housing payment (mortgage + taxes + insurance) shouldn't exceed about 28-31% of your gross monthly income. Our calculator can give you a more specific number.
What are closing costs and how much should I expect?
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Closing costs typically run 2-5% of the home's purchase price. In Portland, on a $500,000 home, that's $10,000-$25,000. These include lender fees, title insurance, appraisal, prepaid taxes and insurance. We can sometimes negotiate seller credits to offset these.
Can I buy a home if I'm self-employed?
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Yes. Self-employed borrowers need 2 years of tax returns instead of W2s, and we use your net income (not gross). It can be trickier, but we work with self-employed buyers regularly and know which lenders are most flexible with non-traditional income.
Ready to explore purchase?
Schedule a complimentary consultation. We'll review your situation and tell you honestly whether this is the right move.