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2857 BALD EAGLE AVE NW Salem, OR 97304
Beat the Rate, Buy the Home: Ease In with a Temporary Buydown
A Temporary Interest Rate Buydown is a powerful way to make homeownership more affordable in the early years of your mortgage. It works by lowering your interest rate and monthly payments for a set period — often up to three years — easing the financial pressure as you settle into your new home.
Here’s how it works: a lump sum is deposited into a special buydown account at closing. Those funds are then applied each month to reduce your mortgage payment. Over time, your interest rate and payments step up gradually until they reach the permanent level agreed upon in your loan.
The funds for a buydown can come from different sources, such as the seller of the property, or other interested parties, making it a flexible tool that can open doors for buyers in today’s market.
Riley Anderson, Senior Mortgage Broker and Partner
NMLS #1994195
704 Main St Suite 200
Oregon City, OR 97045
Local: 503-339-2343 ~ Toll-Free 888-256-4654
MEET THE FOUNDER & CEO
Guiding You On Building Wealth Through Homeownership
Riley Anderson is a dedicated mortgage professional and the founder of Freestone Mortgage LLC, where he specializes in providing customized mortgage solutions tailored to meet the diverse needs of clients. Riley has a deep understanding of various loan programs, market trends, and financial strategies. His commitment to excellence is evident in his approach to client relationships, where he prioritizes transparency, reliability, and personalized service. Riley's knowledge allows him to guide clients through every step of the mortgage process, ensuring they make informed decisions that align with their financial goals.
With a proven track record of success and a passion for helping individuals and families achieve their homeownership dreams, Riley Anderson is a trusted resource in the mortgage industry.
Tailored Service
Data-Driven Guidance
Lifetime Support
OUR MISSION: Your Wealth, Your Way
At Freestone Mortgage, our mission is to empower your wealth-building through homeownership journey with a holistic approach that blends transparent financial insight with real-life lifestyle goals.
We harness innovative technology and deliver personalized education to help you make confident, data-driven decisions for a secure, fulfilling life.
Rooted in the heart of the Pacific Northwest, we’re more than a mortgage provider: we’re a trusted guide dedicated to building brighter, more resilient futures for our community.
TESTIMONIALS
What others are saying
— Ari G.
Riley is great to work with-very easy to reach and a fantastic communicator. He explained all our options really clearly, and kept things moving at a pace we were comfortable with. Riley will look out for your best interest and be honest about the best options for you-definitely give him a try! I look forward to working with him in years to come.
— Ethan P.
I had a great experience meeting with Riley at Freestone Mortgage in Oregon City. I wasn’t quite ready to start the buying process yet, but wanted to get a clear picture of what it would take for me and my family to afford a home. Riley took the time to walk me through the details, answer all my questions, and explain everything in a way that made sense. I never felt rushed or pressured. I left the meeting feeling more confident about my future options. I highly recommend Riley and the team at Freestone Mortgage!
— Zach S.
Riley at Freestone Mortgage was awesome — super fast at closing, always easy to get a hold of, and made the whole process smooth and stress-free. Highly recommend!
— Barbara C.
Outstanding Mortgage Experience with Riley Anderson @ Freestone Mortgage!
I recently completed a mortgage transaction with Riley Anderson @ Freestone Mortgage and I couldn't be more pleased with the experience. From start to finish, the process was smooth, transparent and stress-free. The team was incredibly knowledgeable, responsive and patient with me--answering all of my questions and guiding me through every step of the way with clarity and confidence. They secured a competitive rate, kept me informed at every stage and ensured we closed right on schedule. What really stood out was their professionalism and genuine commitment to making the process as easy and efficient as possible.
Whether you're a first time homebuyer or refinancing, I highly recommend Riley Anderson @ Freestone Mortgage for any mortgage needs. The truly go above and beyond.
— Casey L.
We had a fantastic experience working with Riley during the mortgage process. He was professional, kind, and patient—exactly what we needed while navigating something as overwhelming as buying a home. Riley was always quick to respond to our questions, no matter how small, and his knowledge made us feel confident every step of the way. We truly appreciated his guidance and support, particularly as we were comparing other mortgage lenders and had less than positive experiences elsewhere. Highly recommend!
— Vanessa P.
We’ve had the pleasure of working with Riley on two separate transactions, and each experience has been outstanding. Riley is consistently professional, provides timely updates, and maintains excellent communication throughout the process. His dedication and reliability make him our go-to Loan Officer—we wouldn’t consider working with anyone else.
NMLS #2613454
704 Main St Suite 200
Oregon City, OR 97045
Equal Opportunity Mortgage Broker.
The sample rates provided are for illustration purposes only and are not intended to provide mortgage or other financial advice specific to the circumstances of any individual and should not be relied upon in that regard. Freestone Mortgage LLC cannot predict where rates will be in the future. The payment example does not include assessments. Actual payment obligations may be greater and may vary. Mortgage Insurance Premium (MIP) is required for all FHA loans, and Private Mortgage Insurance (PMI) is required for all conventional loans where the LTV is greater than 80%. Rate(s), APR(s) and payment info is valid as of 9/15/2025 and assumes a first lien position, 740 FICO score, 30-day rate lock, based on a single-family home. Loans are subject to underwriting guidelines and the applicant’s credit profiles, not all applicants will receive approval. Available for conventional, FHA, VA, and USDA loans only. All loans subject to underwriting approval. Certain restrictions apply. Call for details.
Credit on approval. Terms subject to change without notice. Contents not provided by, or approved by FHA, HUD or any other government agency. All potential tax benefits should be verified with a professional licensed tax advisor. For informational purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice.