2019 FHA Loan Limits in Oregon
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Updated on Friday, April 5, 2019
Lovers of both rural and urban lifestyles can find the home of their dreams in Oregon. The state offers mountain vistas, city streets, stunning forests and calming plains.
No matter your budget or your dream-home desires, you can find an affordable house to buy in Oregon. Prices in urban Portland spent the last decade climbing, but sales have recently slowed. As of the fourth quarter of 2018, the city’s median home price was $389,000. In smaller cities, such as Salem and Eugene, that median price sits closer to $290,000.
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Buyers in rural parts of the state will enjoy even cheaper prices. In western Oregon’s Grant County, for instance, the median sale price is a mere $100,000.
If you’re hoping to use a Federal Housing Administration (FHA) loan to purchase a home in Oregon, it’s important to know the loan limits for single-family properties. The FHA adjusts the maximum mortgage amount it will insure every year to keep up with changing home prices. For much of the state, that maximum is $314,827 in 2019. In pricier counties, like those in the Portland metropolitan area, that limit increases to $474,950.
Oregon FHA limits by county
| 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 calculated?
The Department of Housing and Urban Development (HUD) determines FHA loan limits by looking at the conforming loan limit. That’s the largest mortgage that Fannie Mae and Freddie Mac will buy. In 2019, the conforming loan limit is $484,350.
The FHA uses that number to set their “floor”: the largest mortgage they’ll insure in most of the country. In 2019, that number is set at $314,827 (which is the largest loan the FHA will insure in much of Oregon, too).
The FHA also sets a “ceiling,” which applies in high-cost areas. That’s set at 150% of the conforming loan limit — $726,525. There are a few exceptions, but in most cases, this is the largest mortgage the FHA backs for a single-family home. Depending on each individual county’s median home cost, loan limits will fall somewhere between the FHA floor and ceiling.
These are the 2019 standard FHA limits nationwide:
- One-unit: $314,827
- Two-unit: $403,125
- Three-unit: $487,250
- Four-unit: $605,525.
These are the 2019 standard FHA limits in high-cost areas across the country:
- One-unit: $726,525
- Two-unit: $930,300
- Three-unit: $1,124,475
- Four-unit: $1,397,400.
Are you eligible for an FHA loan in Oregon?
If you are buying a home in Oregon and will require a mortgage that falls below your county’s loan limits, an FHA loan may be your best option. Ready to start your homebuying journey? Check out MagnifyMoney’s complete FHA loan guide, where you can learn more about income and credit requirements, as well as other factors that may affect your FHA eligibility.
