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2021 FHA Loan Limits in Oregon

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The FHA loan limit in Oregon has increased to $356,362 and $517,500 for a single-family home, depending on the county. The lower number applies to less expensive areas of Oregon, while folks in more pricey areas (near Portland, for example) might be able to qualify for more than $517,000.

Whether you’re dreaming of a coastal retreat, a cabin in the forest or the burbs, consider starting your search for the perfect home in the Beaver State. And thanks to the Federal Housing Administration (FHA), some aspiring Oregon homebuyers can qualify for federally backed loans to help get them into a new house. This year, Oregon residents will be able to borrow even more with an FHA loan in some areas to make their homebuying dreams come true, or make qualifying for a refinance a little easier.

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 $356,362 $456,275 $551,500 $685,400 $145,000
Benton $430,100 $550,600 $665,550 $827,100 $374,000
Clackamas $517,500 $662,500 $800,800 $995,200 $450,000
Clatsop $379,500 $485,800 $587,250 $729,800 $330,000
Columbia $517,500 $662,500 $800,800 $995,200 $450,000
Coos $356,362 $456,275 $551,500 $685,400 $220,000
Crook $356,362 $456,275 $551,500 $685,400 $250,000
Curry $356,362 $456,275 $551,500 $685,400 $295,000
Deschutes $460,000 $588,850 $711,800 $884,600 $400,000
Douglas $356,362 $456,275 $551,500 $685,400 $224,000
Gilliam $356,362 $456,275 $551,500 $685,400 $107,000
Grant $356,362 $456,275 $551,500 $685,400 $120,000
Harney $356,362 $456,275 $551,500 $685,400 $123,000
Hood River $477,250 $610,950 $738,500 $917,800 $415,000
Jackson $356,500 $456,350 $551,650 $685,550 $310,000
Jefferson $356,362 $456,275 $551,500 $685,400 $228,000
Josephine $356,362 $456,275 $551,500 $685,400 $288,000
Klamath $356,362 $456,275 $551,500 $685,400 $170,000
Lake $356,362 $456,275 $551,500 $685,400 $161,000
Lane $356,362 $456,275 $551,500 $685,400 $308,000
Lincoln $356,362 $456,275 $551,500 $685,400 $275,000
Linn $356,362 $456,275 $551,500 $685,400 $274,000
Malheur $356,362 $456,275 $551,500 $685,400 $239,000
Marion $368,000 $471,100 $569,450 $707,700 $320,000
Morrow $356,362 $456,275 $551,500 $685,400 $207,000
Multnomah $517,500 $662,500 $800,800 $995,200 $450,000
Polk $368,000 $471,100 $569,450 $707,700 $320,000
Sherman $356,362 $456,275 $551,500 $685,400 $120,000
Tillamook $356,362 $456,275 $551,500 $685,400 $270,000
Umatilla $356,362 $456,275 $551,500 $685,400 $207,000
Union $356,362 $456,275 $551,500 $685,400 $185,000
Wallowa $356,362 $456,275 $551,500 $685,400 $192,000
Wasco $356,362 $456,275 $551,500 $685,400 $250,000
Washington $517,500 $662,500 $800,800 $995,200 $450,000
Wheeler $356,362 $456,275 $551,500 $685,400 $94,000
Yamhill $517,500 $662,500 $800,800 $995,200 $450,000

How are FHA loan limits determined?

The U.S. Department of Housing and Urban Development (HUD) sets limits on how expensive a house the FHA will insure in each county in the United States. These limits are set based on the current year’s conforming loan limit — or how large of a mortgage Fannie Mae and Freddie Mac will purchase. In 2021, that conforming limit is $548,250, up roughly $38,000 from 2020’s limit of $510,400.

The FHA “floor” is the largest mortgage the agency will issue in most of the country and is 65% of the conforming loan limit. In 2021, the FHA floor is set at $356,362, an increase of about $24,600 above the 2020 limit of $331,760.

The FHA “ceiling” is a higher limit that only applies to high-cost areas. This is set at 150% of the conforming loan limit, or $822,375 for single-family homes. With a few exceptions, this is generally the largest mortgage amount the agency will insure for a single-family home. In many parts of the country, loan limits fall somewhere between the FHA floor and ceiling.

Outside of the lower 48 states, FHA maximum loan limits are higher because of more expensive construction costs. These include the special exception areas of Alaska, Hawaii, Guam and the U.S. Virgin Islands.

Here are the 2021 standard FHA limits for all property types:

  • One-unit: $356,362
  • Two-unit: $456,275
  • Three-unit: $551,500
  • Four-unit: $685,400

Here are the 2021 standard FHA limits for high-cost areas:

  • One-unit: $822,375
  • Two-unit: $1,053,000
  • Three-unit: $1,272,750
  • Four-unit: $1,581,750

Do you qualify for an FHA loan in Oregon?

FHA loans are a great deal for qualified buyers, thanks to lower down payments and closing costs. Find out if your credit score and income will help you qualify for one of these loans.

 

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