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2019 FHA Loan Limits in Oregon

In Oregon, the maximum FHA loan limit for a single-family home ranges from $314,827 across much of the state to $474,950 in the Portland area and $477,250 in Hood River.

If you are looking to put down roots in a state where good coffee flows freely, fresh produce abounds and waterfalls are abundant, Oregon might be the place for you to buy a home. However, you should be prepared for competition and high prices if you plan to buy in a major metro area.

Both Eugene and Portland made the Realtor.com list of the 50 hottest U.S. zip codes for 2018.

In Portland, however, prices have adjusted downward in some parts of the city. The market is a bit less competitive now than it was in recent years, in part because fewer homebuyers are flocking in from other states with wads of cash in hand. In fact, Portland is now growing more slowly than some other Oregon cities, such as Happy Valley and Bend.

In 2018, 1.23% of FHA loans in the country were made in Oregon, according to an FHA report. In 2016, the most recent year for which data is available, 16,332 FHA loans were made in Oregon, at a total value of $3.6 billion, and 20.7% of mortgages issued in the state were FHA loans.

Oregon FHA loan limits by county

FHA Loan Limits in Oregon
County Name One-Family Two-Family Three-Family Four-Family Median Sale Price
Baker $314,827 $403,125 $487,250 $605,525 $130,000
Benton $385,250 $493,200 $596,150 $740,850 $335,000
Clackamas $474,950 $608,000 $734,950 $913,350 $413,000
Clatsop $316,250 $404,850 $489,350 $608,150 $275,000
Columbia $474,950 $608,000 $734,950 $913,350 $413,000
Coos $314,827 $403,125 $487,250 $605,525 $185,000
Crook $314,827 $403,125 $487,250 $605,525 $206,000
Curry $327,750 $419,550 $507,150 $630,300 $255,000
Deschutes $409,400 $524,100 $633,500 $787,300 $356,000
Douglas $314,827 $403,125 $487,250 $605,525 $181,000
Gilliam $314,827 $403,125 $487,250 $605,525 $96,000
Grant $314,827 $403,125 $487,250 $605,525 $100,000
Harney $314,827 $403,125 $487,250 $605,525 $71,000
Hood River $477,250 $610,950 $738,500 $917,800 $415,000
Jackson $320,850 $410,750 $496,500 $617,000 $279,000
Jefferson $314,827 $403,125 $487,250 $605,525 $191,000
Josephine $314,827 $403,125 $487,250 $605,525 $257,000
Klamath $314,827 $403,125 $487,250 $605,525 $149,000
Lake $314,827 $403,125 $487,250 $605,525 $138,000
Lane $314,827 $403,125 $487,250 $605,525 $270,000
Lincoln $314,827 $403,125 $487,250 $605,525 $238,000
Linn $314,827 $403,125 $487,250 $605,525 $228,000
Malheur $314,827 $403,125 $487,250 $605,525 $184,000
Marion $322,000 $412,200 $498,250 $619,250 $280,000
Morrow $314,827 $403,125 $487,250 $605,525 $166,000
Multnomah $474,950 $608,000 $734,950 $913,350 $413,000
Polk $322,000 $412,200 $498,250 $619,250 $280,000
Sherman $314,827 $403,125 $487,250 $605,525 $138,000
Tillamook $314,827 $403,125 $487,250 $605,525 $242,000
Umatilla $314,827 $403,125 $487,250 $605,525 $166,000
Union $314,827 $403,125 $487,250 $605,525 $156,000
Wallowa $314,827 $403,125 $487,250 $605,525 $155,000
Wasco $314,827 $403,125 $487,250 $605,525 $205,000
Washington $474,950 $608,000 $734,950 $913,350 $413,000
Wheeler $314,827 $403,125 $487,250 $605,525 $83,000
Yamhill $474,950 $608,000 $734,950 $913,350 $413,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets FHA loan limits based on the conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2019, that limit is $484,350. The FHA’s “floor” is the largest mortgage the agency will issue in most of the country and is set at $314,827 for 2019.

The FHA “ceiling” applies to high-cost areas and is set at 150% of the conforming loan limit, or $726,525. Outside of a few exceptions, this is the highest mortgage the agency will insure for a single-family home. In other areas, loan limits fall somewhere between the FHA floor and ceiling.

Here are the 2019 standard FHA limits for all property types:

  • One-unit: $314,827
  • Two-unit: $403,125
  • Three-unit: $487,250
  • Four-unit: $605,525

Here are the 2019 standard FHA limits for high-cost areas:

  • One-unit: $726,525
  • Two-unit: $930,300
  • Three-unit: $1,124,475
  • Four-unit: $1,397,400

Do you qualify for an FHA loan in Oregon?

Do you think an FHA loan might be the best way for you to buy a home in Oregon? If so, now is the time to get more details about the FHA loan process. While FHA loan standards aren’t as stringent as those used for conventional mortgages, you’ll need to meet a minimum required credit score of 500 (or 580 to be eligible for a 3.5% down payment) and debt-to-income ratio requirements. Check out our main FHA loans page for more information on the credit score, income and other requirements.

 

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