Eugene · Springfield · Lane County · Oregon · NMLS #1498678
Mortgage lender for Eugene & Springfield: physicians, investors, and ADUs across Lane County
Our processing center is headquartered in Eugene. Physician loans, rental portfolios, ADUs, and first-time buyers — 30 residential programs, every cost itemized upfront, and an average clear-to-close of 17 days.
30
Residential Programs
Of 50+ total programs
17
Day Avg. Close
Clear-to-close timeline
20+
Free Calculators
No sign-up required
$0
Surprise Fees
Itemized on day one
Lumen Mortgage Corporation (NMLS #1498678) is licensed in Oregon and California, with our processing center headquartered in Eugene. We finance homes in Eugene, Springfield, Coburg, Creswell, Cottage Grove, and Junction City across Lane County. We offer 50+ loan programs spanning residential, multifamily, agricultural and commercial, with an average clear-to-close of 17 days.
Who is a good mortgage lender in Eugene and Springfield, Oregon?
Lumen Mortgage finances homes across Eugene, Springfield, and Lane County, and our processing center is headquartered in Eugene. We offer 30 residential programs (50+ loan programs spanning residential, multifamily, agricultural and commercial), an average 17-day clear-to-close, and every cost itemized upfront. We're especially active in physician loans, DSCR loans for investors growing rental portfolios, and ADU purchase and construction financing.
Best for: Physicians and medical professionals, real estate investors, ADU buyers and builders, first-time buyers, and families across Eugene and Springfield.
2026 Market Numbers
What does it take to buy a home in Eugene and Springfield?
Lane County's 2026 conforming limit is $832,750 and its FHA limit is $541,287 for a single-family home. FHA limits rise to $1,041,125 for a fourplex, which makes small multifamily a strong option for buyers who live in one unit and rent the rest.
Eugene typical home value
~$476K
Zillow ZHVI, Aug 2026
Springfield typical home value
~$417K
Zillow ZHVI, Aug 2026 · up 1.0% YoY
Springfield days to pending
~13 days
Zillow, Aug 2026
Coburg typical home value
~$583K
Zillow ZHVI, Aug 2026
Creswell typical home value
~$472K
Zillow ZHVI, Aug 2026
Conforming limit (Lane County)
$832,750
Single-family, 2026
FHA limit (Lane County)
$541,287
Single-family, 2026
FHA limit: 2 · 3 · 4 units
$693,050 · $837,700 · $1,041,125
Lane County, 2026
Home values are Zillow Home Value Index (ZHVI) figures. Loan limits are 2026 FHFA and HUD figures. Sources: FHFA, HUD FHA limits, Zillow.
Built for Lane County
Which loan fits a Eugene or Springfield purchase?
Buyers here are often doctors relocating for a new job, investors adding rentals, or homeowners building an ADU. Here's how we match programs to the way people actually buy here.
Physicians and medical professionals
Doctors, dentists, pharmacists, nurse practitioners and CRNAs relocating for hospital and clinic jobs often buy near the river in Ferry Street Bridge, Coburg Road, Delta Ridge, and the McKenzie corridor. Our physician loan offers up to 100% financing with no mortgage insurance, and you can close before your start date on a signed contract.
Investors growing rental portfolios
Steady demand from students, university staff and healthcare workers makes Eugene and Springfield a strong rental market. DSCR loans qualify on the property's rent, not your tax returns, with a 620+ credit score. Duplexes, triplexes and fourplexes also work with FHA if you live in one unit.
ADUs: buying and building
Oregon law allows an ADU on most single-family lots, and Eugene and Springfield buyers use them for rental income, family, or aging parents. We finance homes that already have an ADU and construction or renovation loans to build one.
First-time buyers
Springfield, Bethel, Santa Clara, Cottage Grove, and Junction City offer some of the valley's more affordable entry points. FHA starts at 3.5% down, conventional at 3%, VA at 0%, and USDA at 0% in eligible rural areas.
Acreage, horse property and farms
From Pleasant Hill and Creswell to Marcola, Lorane, and the wine country west of Eugene, Lane County is full of acreage. We finance horse property and hobby farms, and agricultural loans when the land is a working operation.
Self-employed buyers, families and movers
Business owners can qualify on bank statements instead of tax returns. Parents buying near the University of Oregon, retirees, and buyers moving up can use bridge loans to buy before they sell, or asset-based loans to qualify on savings.
Residential Programs
Home loans available in Eugene, Springfield, and Lane County
Lane County buyers can choose from physician, DSCR, ADU, conventional, FHA, VA, USDA, jumbo, construction, renovation, investor, bridge, bank statement, asset-based, hobby farm, and agricultural loans. The right one depends mostly on the price of the home, how you earn your income, and how you'll use the property.
| Purchase price | Usual best fit | Typical areas |
|---|---|---|
| Up to $541,287 | FHA 3.5% down, conventional from 3% down, VA 0% down; USDA 0% down in eligible rural areas | Springfield, Bethel, Santa Clara, Cottage Grove, Junction City, Veneta |
| $541,287 – $832,750 | Conventional up to the $832,750 limit; physician loans up to 100%; VA 0% down | South Eugene, Ferry Street Bridge, Coburg, Creswell, Thurston |
| Above $832,750 | Jumbo — 10% down for most buyers and 0% down for VA and physician loans, no mortgage insurance, 40-year fixed with 10 years interest-only available | Riverfront, Crest Drive, Fox Hollow, McKenzie River, acreage estates |
| Rentals, 2–4 units and ADUs | DSCR (620+ credit), FHA 2–4 units with owner occupancy, ADU purchase, construction or renovation loans | Near the University of Oregon, Whiteaker, River Road, Springfield |
Price ranges assume a single-family primary residence unless noted and are guides, not approvals. Your best program depends on credit, down payment, income, and the property.
Physician
Up to 100% financing, no MI.
DSCR
Qualify on rental income. 620+ credit.
ADU
Buy a home with an ADU or build one.
Conventional
From 3% down. Up to the $832,750 limit.
FHA
3.5% down. $541,287 limit for one unit.
VA
0% down, no monthly mortgage insurance.
USDA
0% down in eligible rural areas.
Jumbo
10% down for most buyers; 0% for VA and physicians. No MI.
Construction
Custom homes and ADU builds.
Renovation
Buy and improve, or convert space.
Investor
Rentals and small multifamily.
Bridge
Buy your next home before you sell.
Bank Statement
Qualify on 12–24 months of deposits.
Asset Depletion
Qualify on savings and investments.
Hobby Farm
Acreage with wells, septic, and outbuildings.
Agricultural
Working farms, vineyards, and ranches.
Local Knowledge
What's different about financing a home in Eugene and Springfield?
Closing before your start date
Physicians and medical professionals relocating for a new job can often qualify on a signed contract and close before day one, so you're settled in before your first shift.
Rentals near campus
University-area rentals often turn over on a fixed lease cycle. DSCR loans use market rent from the appraisal, and we help you plan for vacancy and reserves.
Riverfront and floodplain homes
Homes near the Willamette and McKenzie rivers can fall in FEMA flood zones. Flood insurance adds to your payment, so we check the flood map and get a quote early.
ADUs and middle housing
Oregon's middle housing rules allow ADUs, duplexes and more on many lots. We look at zoning, utilities and whether ADU rent can help you qualify before you buy or build.
Wells and septic outside the city
Homes in Pleasant Hill, Marcola, Lorane and the McKenzie corridor often have private wells and septic. We flag well tests and septic inspections early to avoid delays.
A local processing team
Our processing center is headquartered in Eugene. Your file is handled by a team that knows Lane County appraisers, title companies and timelines.
ADU Financing
How do you finance an ADU in Eugene or Springfield?
You can buy a home that already has an ADU, or finance building one on a home you own or are buying. The right loan depends on whether you're purchasing, how much equity you have, and whether the ADU's rent will help you qualify.
Buy a home with an ADU
Conventional, FHA, VA, and physician loans can all finance a home with an existing ADU. Some programs let you count the ADU's rent toward qualifying.
Build an ADU
A construction or renovation loan funds the build, based on the property's value once the ADU is complete. Homeowners with equity may use a cash-out refinance instead.
Rent it or house family
Use the ADU for long-term rental income, a home for aging parents, or space for adult kids. How you use it affects which program and qualifying rules fit.
Planning an ADU?
Run the numbers on build cost, rental income, and your new payment with our free ADU calculator, then talk with us about which loan fits.
Communities Served
Where in Lane County do you lend?
Everywhere from South Eugene and Ferry Street Bridge to Springfield, the McKenzie River corridor, and the farms around Creswell and Junction City — and the rest of Oregon.
Preferred Agents
Looking for a great real estate agent in Eugene or Springfield?
Are you looking for a knowledgeable agent who can help you find the best options for your family, schools, work, recreation, and investments in Eugene and Springfield? We work with the best agents in the region, and we'd be happy to make an introduction.
- Schools and neighborhoods
- Hospital and campus commutes
- River, trails, and recreation
- Rental and portfolio properties
- ADU-ready lots
- Acreage and horse property
Client Reviews
What Eugene & Springfield borrowers say
"He was able to get our payments where we wanted, he was on top of the deal from A-Z."
"We started looking for a home well over a year ago. Tried multiple times to buy but anyone looking knows the process can be long. Finally found the right home and made the offer. David and his team were amazing to deal with. They were helpful and knowledgeable every step of the way. … Very impressed but more grateful for all his help."
Tony & Nichole A.
Eugene homebuyers · Google review
"He was honest and professional, and made the whole process transparent to us so that we could really choose our best options."
"David Blackmon from Lumen helped us through our purchase of our home 2 1/2 years ago. … Remembering our positive experience we called him with questions on refinancing and he was more then happy to help us find better options then we had considered possible. He started the process rolling, then offered his continued guidance even though it was a deal with no gain in it for Lumen. Thanks again David!"
Zillow reviewer
Eugene purchase & refinance client · Zillow review
FAQ
Common questions from Eugene and Springfield buyers
What are the 2026 loan limits in Lane County, Oregon?
Do you offer physician loans in Eugene and Springfield?
Can I get a physician loan on a jumbo home near the river?
How do DSCR loans work for Eugene rental properties?
Can I use FHA to buy a duplex or fourplex in Eugene?
Can you finance a home with an ADU, or a loan to build one?
Can I buy a home for my student at the University of Oregon?
Do you finance horse property and equestrian estates in Lane County?
Do you finance acreage and working farms in Lane County?
Can I buy my next Eugene home before I sell?
How fast can you close a mortgage in Eugene?
Further Reading
Guides for Eugene and Springfield buyers
Buying in Eugene or Springfield? Let's run your numbers.
No pressure, no sales pitch. Tell us about the home and we'll show you your options, costs, and timeline upfront. Or call us: 503-966-9255.
Lumen Mortgage Corporation · NMLS #1498678 · Equal Housing Lender · Licensed in Oregon and California. This is not a commitment to lend. All loan approvals subject to underwriting guidelines. Rate and program availability subject to change without notice.