Oregon mortgage lending data
West region · HMDA 2023 reporting year
In Oregon, the 2023 mortgage denial rate was 16.0% — below the national denial rate (-3.6 points vs the 19.6% national rate), ranking it #40 of 51. Lenders originated about 51,823 home-purchase and refinance loans (rank #29). The home-purchase denial rate was 11.5% and refinance 28.4%. By loan type, conventional loans were 83.9%, FHA 10.8%, VA 5.0% and USDA/RHS 0.3%. Informational data, not lending advice.
Source: HMDA Data Browser (FFIEC / CFPB). Data as of June 2026.
Oregon mortgage lending at a glance
| Indicator | Oregon |
|---|---|
| Total originations (purchase + refinance, 2023) | 51,823 |
| Denied applications | 9,904 |
| Mortgage denial rate | 16.0% |
| Denial-rate rank (1 = highest of 51) | #40 |
| Home-purchase denial rate | 11.5% |
| Refinance denial rate | 28.4% |
| Volume rank (1 = most loans of 51) | #29 |
Source: HMDA Data Browser (FFIEC / CFPB) (2023 reporting year). Data as of June 2026.
Source: HMDA Data Browser (2023), public domain. Denial rate = denied ÷ (originated + denied). Informational only — verify before relying on it.
What the denial rate means
Oregon's mortgage denial rate of 16.0% means that for every 100 applications that were either approved-and-originated or denied, about 16 were turned down. That is lower compared with the national figure of 19.6%. Denial rates are driven by applicant credit scores, debt-to-income ratios, the loan type and local home prices — not only by how strict lenders are. Refinance applications are often denied at a different rate than purchase loans: in Oregon the purchase denial rate was 11.5% versus 28.4% for refinances.
Oregon loan-type mix
How Oregon's 51,823 originations break down by loan program. A higher FHA or VA share usually points to more first-time buyers, lower down payments, or a large veteran population.
| Loan type | Originations | Share |
|---|---|---|
| Conventional | 60,956 | 83.9% |
| FHA | 7,846 | 10.8% |
| VA | 3,620 | 5.0% |
| USDA / RHS | 240 | 0.3% |
Source: HMDA Data Browser (FFIEC / CFPB) (2023). Data as of June 2026.
See FHA vs VA vs conventional for what each program is. Shares are over loans with a reported type and may not sum to exactly 100% due to rounding.
States with a similar denial rate to Oregon
| State | Denial rate | Originations | FHA share | VA share |
|---|---|---|---|---|
| Oregon (this state) | 16.0% | 51,823 | 10.8% | 5.0% |
| Massachusetts | 15.9% | 80,905 | 7.4% | 2.0% |
| Washington | 15.7% | 101,889 | 9.5% | 7.1% |
| Idaho | 16.5% | 33,653 | 11.7% | 6.4% |
| Illinois | 16.5% | 158,841 | 12.3% | 4.0% |
| Montana | 16.6% | 14,125 | 10.6% | 9.0% |
Frequently asked questions
What was the mortgage denial rate in Oregon in 2023?
In 2023, the mortgage denial rate in Oregon was about 16.0% — that is, 9,904 applications were denied out of 61,727 that were either originated or denied. That is -3.6 points versus the national rate of 19.6%, and ranks Oregon #40 of 51 from highest to lowest. Figures are from HMDA; verify before relying on them.
How many mortgages were originated in Oregon?
Lenders originated about 51,823 home-purchase and refinance loans in Oregon in 2023 (HMDA reporting year), ranking it #29 of 51 by volume. Of those, the home-purchase denial rate was 11.5% and the refinance denial rate was 28.4%.
What share of Oregon mortgages are FHA or VA loans?
In Oregon, FHA loans made up about 10.8% of originations and VA loans about 5.0%, with conventional loans the largest share at 83.9% and USDA/RHS loans 0.3%. Higher government-backed shares often reflect more first-time and lower-down-payment buyers.
Is it harder to get a mortgage in Oregon than elsewhere?
Oregon's denial rate of 16.0% is below the national denial rate. Denial rates reflect applicant credit, income and debt, loan type and local home prices as much as lender behavior, so a higher rate does not by itself mean stricter lenders. States with the most similar denial rates to Oregon are Massachusetts, Washington, Idaho.
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Sources & accuracy
All counts are from the HMDA Data Browser (FFIEC / CFPB, 2023 reporting year, public domain). Denial rate, loan-type shares and ranks are transparent calculations over those counts (see methodology). This page is informational and is not financial or lending advice — verify with a licensed lender before making a decision.
Last updated: 2026-06-20