Lenders in Bend, Oregon

[Jacob Ballard]

Hi BP Forum Members,

My wife and I are planning on buying our first home in the next few months. We’d like to live in it for 1-2 years, do some light updates/renovations and then rent it out.

Does anyone in Bend, Oregon have a recommended Bank or Credit Union? As a first time buyer, there seems to be an endless amount of Credit Unions and Banks in the area and I’m not having much luck whittling it down to two or three good options.

We are also looking into Alliant Credit Union or even Quicken Loans if we decide to go with an online provider instead of a local branch. Any pros/cons of going with an online provider instead of local?

Thanks! 

[Eric Bilderback]

I like Washington Federal.  I have a pretty good relationship with them.  If you are hoping to buy lots of rentals it would be ideal to start a relationship with a local lender.  The banks such as US Bank have make you jump through more hoops.  I was shopping for a commercial loan and the big banks told me no.  Washington Federal and Bank of the Cascades both approved me (I believe Bank of the Cascades is having a portion this month.)  Umpqua Bank has some helpful people as well.  Feel free to PM me if you would like a name and contact info.  

Congrats and good luck!