Are you in the market to buy a house? An FHA loan in Oregon can be an excellent option. FHA loans not only have more flexible credit requirements, but they also come with a lower down payment option.

There’s one downside.

FHA loans have caps on how much you can borrow. And the limits vary by county.

Throughout most of the state’s 36 counties, FHA limits in Oregon are $331,760. But in a few places – namely Portland and Hood River – your borrowing power is much higher.

Knowing what to expect with an FHA loan is crucial to your home-buying journey.

The Wendy Thompson Lending Team can guide you through the process. We’ll help you with your FHA loan to get you into the home of your dreams.

But first, here’s what you need to know about FHA loans in Oregon.

Because Oregon FHA loan limits vary by county, how much you can borrow depends on where you’re buying a house.

Usually your cap will be $331,760. 

Portland and the surrounding area have higher home prices and more housing competition, driving the FHA limit to $491,050.

FHA loans in Oregon near Mt. Hood and Smith Rock State Park are on the high end, too – coming in at $477,580 and $431,250, respectively.

Here’s a rundown of Oregon FHA loan limits by county:

oregon FHA Loan Limits


Most FHA loan limits in Oregon fall within the standard amount of $356,362. However, there are a few exceptions. 

You’ll see the highest limits in Portland and the surrounding area, which cap the amount at $517,500. 

FHA Loan Limits In Oregon: 

  • Lowest: $356,362
  • Highest: $517,500
  • Website

FHA Loan Limits oregon

  • 2021

  • 2020



Baker County, Coos County, Crook County

Curry County, Douglas County


Gilliam County, Grant County, Harney County, Jefferson County


Josephine County, Klamath County, Lake County, Lane County, Lincoln County, Linn County


Malheur County, Morrow County, Sherman County, Tillamook County 


Umatilla County, Union County, Wallowa County, Wasco County, Wheeler County 



There are several advantages to borrowing with an FHA mortgage. A 3.5% down payment can make buying a home more affordable for low to middle class income earners.

But even if you’re a high-income earner?

That’s okay, because FHA loan requirements in Oregon don’t include income restrictions.

That’s right: there is no minimum – or maximum – income threshold to qualify for an FHA loan.

As long as your income is enough to repay the loan, the lender should be satisfied. Remember you’ll need to provide income documentation, such as pay stubs, W-2s, or tax returns.

However, most lenders in Oregon have credit requirements.

Credit score guidelines can vary by lender, which makes finding the right one that much more important.

We recommend a minimum credit score of 640.

That way, you’re more likely to qualify for the 3.5% down payment option.

Fico score


Mo. Payment


3.375 %


660 - 699

3.5 %


640 - 659

3.625 %


620 - 639

Currently Unavailable


600 - 619

Currently Unavailable


*Updated 6/1/2021 - Rates are based on a $250,000 home with a 3.5% down payment, and includes principal, interest, taxes and insurance.  Rates change often and differ based on your state, down payment, and loan amount.  Click here for correct rates based on your situation.  


Did you know FHA loans aren’t restricted to first-time homebuyers?

You could qualify for an Oregon FHA loan even if you’ve bought a house before. FHA loans make up just over 20% of mortgages issued in the state, making them a popular choice.

Applying isn’t rocket science, but there are a few steps to go through:

  1. Check your credit score and build up your savings
  2. Get pre-qualified for an FHA loan in Oregon (optional)
  3. Go house shopping with a reputable real estate agent
  4. Submit your FHA loan application and documentation
  5. Wait to get a closing date for your new home

Pre-qualifying for an FHA loan is an optional step, but it can help you secure the home of your dreams.

Here’s why:

Some sellers require you to submit a prequalification letter with your offer.

Plus, if you work with a lender to get pre-qualified, you’ll know how much the bank will let you borrow. 

Then you can use your borrowing power to guide your house-shopping journey.

What if a lender isn’t up to date on Oregon FHA loan requirements?

You could run into trouble. 

Finding a home is hard enough. Go with a lender familiar with the ins and outs of Oregon’s FHA loan program.

FHA Loan Limits oregon

  • 2021

  • 2020



Jackson County


Marion County, Polk County


Clatsop County


Benton County


Deschutes County


Hood River County


Clackamas County, Columbia County, Multnomah County, Washington County, Yamhill County



Your interest rate has a significant impact on your FHA loan in Oregon.

The higher your rate, the more you’ll pay over the life of your loan.

One of the biggest determinants of interest rates is your credit score.

We recommend you have at least a 640 credit score.

But even if your credit score is in the “excellent” range, bumping it up a few points can only help when you’re trying to buy a house.

For example, a credit score of 650 might qualify you for an interest rate of 3.6%. But if you can bump it up to 700?

You could get 3.3% interest.

You might think 0.3% isn’t much of a difference. Let’s see how it affects an FHA loan for a $357,000 house, which was the average home price in Oregon in 2020. 

Paying 3.6% interest on a $357,000 house means you’ll pay $219,433.44in interest over a 30-year mortgage.

If you increase your credit score and qualify for a 3.3% interest rate, your interest fees add up to $198,852.26.

That’s a savings of over $20,000!

What would you do with an extra $20,000?


If you’ve bought a house before, you know that your home buying experience is only as good as your FHA lender. 

And if you’re a first-time homebuyer?

Don’t make the mistake of picking the wrong lender.

If you’re in the market for an FHA loan in Oregon, go with a lender you can trust.

Here at the Wendy Thompson Lending Team, we know how much buying a home can mean to someone.

We’re experts in FHA loans, and we’re here to help you get into your dream home.

Discover how easy it is to apply by calling us today!

The Tactical FHA Loan Blueprint

Deciding on the right FHA lender is the most important decision you will make. Choosing the wrong lender can result in you losing your dream home or costing you hundreds of thousands of dollars in more interest over the life of your mortgage.  

Don’t make that mistake, contact the Wendy Thompson Lending Team today!  

You can start the process by clicking the yellow 'See if I'm Eligible' button on the right side bar under the 'Start your quote for a Home Loan'  or call Wendy’s Team directly at (901) 250-2294, to get started on living the American Dream in the home of your Dreams!