Gresham is one of the most actively developing new construction markets in the Portland metro’s eastern corridor, and the evidence is visible in its inventory. D.R. Horton — America’s largest homebuilder — operates multiple simultaneous active communities in Gresham: Terrace at Pleasant Valley delivers townhomes from approximately 1,413 to 2,037 square feet in the Pleasant Valley corridor, with four floor plans ranging from 3 to 4 bedrooms and prices starting in the high $400,000s. Brookside at Pleasant Valley offers single-family homes in the same corridor with Powell Butte Nature Park nearby and MAX Blue Line access via the TriMet system connecting residents to downtown Portland. Butler Creek Crossing delivers townhomes and single-family homes in the Centennial corridor, zoned for Centennial Middle School and Centennial High School. The Vineyards at Blue Pearl brings townhome-style living with community amenities including dog parks, walking trails, and guest parking to Gresham’s established residential fabric. Cascadian South Corp operates in Southwest Gresham, delivering higher-specification single-family builds in the city’s most premium new construction submarket.
The case for a One-Time Close Construction Mortgage Loan in Gresham is strong in two distinct scenarios. The first is the production community buyer — someone building in a D.R. Horton community who wants to lock their rate before construction begins rather than gamble on what rates will look like at their anticipated close date 6 to 12 months later. In an environment where rates can move meaningfully over the course of a production construction timeline, rate lock protection is not a minor benefit. The second scenario is the custom builder: a buyer who has identified a lot in Gresham Butte, a parcel in Southwest Gresham outside the production community footprint, or acreage at the rural eastern fringe of Multnomah County, and is commissioning an architect-designed home. For these buyers, the two-loan construction approach — a construction loan that requires full re-qualification when the end loan closes — adds risk that a One-Time Close eliminates entirely. One qualification, one closing, one rate, one conversion.
A One-Time Close Construction Mortgage Loan combines construction financing and permanent end-loan financing into a single transaction. You qualify once before construction begins, close once, and your loan converts automatically to a permanent mortgage when the certificate of occupancy is issued.
The three phases:
Construction Phase — After closing, funds are disbursed to your builder in draws as construction milestones are verified complete. You pay interest only on disbursed amounts during this period.
Conversion — When your certificate of occupancy is issued, the loan converts automatically to your permanent mortgage — no second application, no second appraisal, no re-qualification, no second closing costs.
Repayment Phase — You begin making standard principal and interest payments on your permanent mortgage.
Key Features:
Single closing — one set of closing costs, one qualification process
Rate locked at closing — protects against market movement through Gresham's 6 to 12 month production and 12 to 18 month custom build timelines
No re-qualification at conversion — your approval holds regardless of market changes
Draw schedule coordinated directly with your builder's construction milestones
Available in conforming, jumbo, and physician program tiers
Applicable to D.R. Horton production communities, Cascadian South Corp builds, and fully custom architect-directed projects
For buyers building in D.R. Horton’s active Gresham communities — Terrace at Pleasant Valley, Brookside at Pleasant Valley, Butler Creek Crossing, The Vineyards at Blue Pearl — and Cascadian South Corp’s Southwest Gresham projects at loan amounts within the 2026 Multnomah County conforming limit. Straightforward documentation, competitive terms, and proactive draw management.
For buyers commissioning custom builds in Southwest Gresham’s upper tier, Gresham Butte view parcels, or rural eastern Multnomah County acreage where land plus construction exceeds the conforming limit. Higher documentation standards apply; we build the income and asset file specifically for your project and match the right portfolio lender to your loan characteristics.
For buyers working with custom builders on private lots throughout Gresham and East Multnomah County — whether architect-designed homes on Gresham Butte, custom single-family builds in Southwest Gresham outside the D.R. Horton footprint, or rural estate projects at the Sandy River corridor — we work directly with the builder and design team to establish a draw schedule, verify Oregon CCB licensing, and maintain milestone-to-disbursement alignment throughout construction.
For Legacy Mount Hood Medical Center physicians who want to build in D.R. Horton’s Gresham communities or on custom lots in Southwest Gresham — rather than purchasing existing inventory — our physician One-Time Close program combines no-PMI physician loan features with construction financing in a single transaction. Offer letter qualification may be available for physicians who have signed a Legacy Mount Hood employment contract.
D.R. Horton — Terrace at Pleasant Valley
Located in the Pleasant Valley corridor near Foster Road and Highway 26, Terrace at Pleasant Valley delivers four townhome floor plans from 1,413 to 2,037 square feet, with 3 to 4 bedrooms, 2.5 to 2.75 bathrooms, and attached garages. Homes feature solid surface
countertops, stainless-steel appliances, smart home technology, and a 10-year limited warranty. The community's location near Powell Butte Nature Park and its access to Highway 26 — connecting residents to the Oregon Coast and eastern Oregon — makes it one of D.R. Horton's most strategically located Gresham offerings. Starting prices run from the high $400,000s.
D.R. Horton — Brookside at Pleasant Valley
Brookside at Pleasant Valley in the Pleasant Valley corridor offers single-family homes with access to TriMet's Blue Line MAX system, proximity to Powell Butte Nature Park, and nearby grocery options including Safeway and Walmart Neighborhood Market. The community's design emphasizes lifestyle amenities and MAX-connected accessibility for Portland metro professionals who want East County's affordability without sacrificing metro commute options. Starting prices from the high $400,000s to above $550,000.
D.R. Horton — Butler Creek Crossing (Centennial)
Butler Creek Crossing in the Centennial corridor delivers townhomes and single-family homes zoned for Centennial Middle School and Centennial High School. Floor plans range from compact townhome configurations from 1,353 square feet to larger single-family plans above 1,600 square feet. The community offers builder-paid closing costs, interest rate buydowns, and down payment assistance options — making it one of the most incentive-rich new construction options in the Gresham market.
D.R. Horton — The Vineyards at Blue Pearl
The Vineyards at Blue Pearl is a townhome community in Gresham featuring community amenities including a dog park, walking trails, and guest parking. Townhome floor plans including the Glacier (1,545 sq. ft., 3 bedrooms, 2.5 baths) and the Pepperwood (1,671 sq. ft., 3 bedrooms plus loft, 2.5 baths) offer quartz countertops,
stainless-steel appliances, and island kitchens. The community's location and amenity package make it a primary option for buyers who want new construction with lifestyle-oriented outdoor amenities built into the community footprint.
Cascadian South Corp — Southwest Gresham
Cascadian South Corp delivers higher-specification new construction in Southwest Gresham's premium submarket, where new listing medians run near $567,000 — significantly above Gresham's citywide median. These builds offer more customization options and higher-end finishes than D.R. Horton's production communities, serving buyers who want new construction quality at Gresham's most premium new build price points.
Custom Builds — Gresham Butte and Private Lots
For buyers who have identified a private lot on Gresham Butte, in Southwest Gresham's established residential corridors, or at the rural eastern Multnomah County fringe, custom construction with licensed Oregon CCB contractors is fully eligible for our One-Time Close programs. We work directly with the builder and design team to establish the documentation, draw schedule, and construction milestone plan that the program requires.
One-Time Close expertise across conforming, jumbo, and physician program tiers
Established knowledge of D.R. Horton's active Gresham communities — Terrace at Pleasant Valley, Brookside at Pleasant Valley, Butler Creek Crossing, and The Vineyards at Blue Pearl
Familiarity with Cascadian South Corp's Southwest Gresham builds and their draw timeline requirements
Rate lock at close — protection through Gresham's 6 to 12 month production and 12 to 18 month custom build timelines
Physician One-Time Close for Legacy Mount Hood physicians building rather than buying in Gresham's active new construction market
Draw management throughout construction — we coordinate with your builder so milestone-to-disbursement flow is smooth and your builder is funded on time
Transparent process — draw schedule, conversion terms, and permanent payment all documented before the first shovel
Ryan Lehrman, NMLS #235295
Credit: Minimum 680 for conventional programs; 700–720 for jumbo construction tiers
Income: Fully documented — W-2, aerospace and manufacturing sector compensation, Legacy Health physician employment agreements, and offer letters all considered by program tier
Down Payment: Typically 5%–10% for conforming; higher for jumbo; physician programs may allow lower down payments
Builder Requirements: Oregon CCB (Construction Contractors Board) license required; approved construction contract with verified draw schedule required before closing
D.R. Horton's Gresham communities typically complete construction 6 to 12 months after the purchase agreement is signed. During that window, mortgage rates can move significantly. A buyer who agrees to purchase a $500,000 townhome at Terrace at Pleasant Valley today does not know what rates will look like when the home is ready to close — and the builder's purchase agreement often locks the purchase price but not the financing terms. A One-Time Close Construction Loan locks the rate at the start of construction, eliminating that uncertainty entirely. For buyers in D.R. Horton's Gresham communities who are sensitive to payment certainty, this protection is meaningful.
Yes. Our physician One-Time Close Construction programs apply to production community builds — not just custom projects. For a Legacy Mount Hood physician who has chosen a D.R. Horton floor plan at Terrace at Pleasant Valley, Brookside at Pleasant Valley, or Butler Creek Crossing, the physician One-Time Close combines no-PMI physician loan features with construction financing in a single transaction. Offer letter qualification may be available for physicians who have signed their Legacy Mount Hood employment agreement and are closing within 90 days of their start date.
Yes. D.R. Horton's Gresham operations — across all four active communities — are experienced with One-Time Close financing and the milestone-based draw schedule it requires. D.R. Horton's construction managers understand the inspection, milestone verification, and disbursement process and coordinate with lenders routinely throughout their production builds. We work directly with D.R. Horton's Gresham sales and construction teams to align the draw schedule with their community-specific build timelines.
Yes, in most cases. If the buyer has not yet purchased the lot, we can structure the construction loan to cover both the land acquisition and construction costs in a single transaction. This is particularly useful for buyers who have identified a private lot on Gresham Butte, in Southwest Gresham outside D.R. Horton's footprint, or in rural eastern Multnomah County, where land and construction are being negotiated simultaneously. The lot and construction costs together must fall within the program's maximum loan amount.
Building your new home in Gresham starts here. Let’s talk through your builder, your site, and your timeline.
Originally from Harrisburg, Pennsylvania, I moved to Phoenix to attend Arizona State University and have proudly called Phoenix home ever since.
My journey into the mortgage industry began with a friend’s encouragement, who saw how my energy and people-first mindset could make a difference. He was right — I found my calling.
I’ve always embraced what makes me different. With ADHD as my secret weapon, I thrive in fast-paced, detail-heavy environments. I’ve built my career on clear communication, creative problem-solving, and putting clients first, always.
Outside of work, my greatest motivation is my wife and three amazing kids. I’d be honored to help guide you through your lending journey with care, clarity, and commitment.
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