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Summary: This page shows the 2020 conforming loan limits for Oregon. These limits apply to conventional mortgage loans, meaning those that are not insured or guaranteed by the government. We have a separate page for FHA loan limits in Oregon.

Federal housing officials recently announced they would increase Oregon conforming loan limits for 2020, in response to rising home values across the state. This table below has been fully updated and shows the revised/increased limits for 2020.

Conforming Loan Limits for Oregon 2020

The table below shows conforming loan limits for the state of Oregon. These limits apply to conventional mortgage loans in all counties of the state, including Multnomah County and the entire Portland metro area.

COUNTY1 Unit2 Unit3 Unit4 Unit
BAKER$510,400$653,550$789,950$981,700
BENTON$510,400$653,550$789,950$981,700
CLACKAMAS$510,400$653,550$789,950$981,700
CLATSOP$510,400$653,550$789,950$981,700
COLUMBIA$510,400$653,550$789,950$981,700
COOS$510,400$653,550$789,950$981,700
CROOK$510,400$653,550$789,950$981,700
CURRY$510,400$653,550$789,950$981,700
DESCHUTES$510,400$653,550$789,950$981,700
DOUGLAS$510,400$653,550$789,950$981,700
GILLIAM$510,400$653,550$789,950$981,700
GRANT$510,400$653,550$789,950$981,700
HARNEY$510,400$653,550$789,950$981,700
JACKSON$510,400$653,550$789,950$981,700
JEFFERSON$510,400$653,550$789,950$981,700
JOSEPHINE$510,400$653,550$789,950$981,700
KLAMATH$510,400$653,550$789,950$981,700
LAKE$510,400$653,550$789,950$981,700
LANE$510,400$653,550$789,950$981,700
LINCOLN$510,400$653,550$789,950$981,700
LINN$510,400$653,550$789,950$981,700
MALHEUR$510,400$653,550$789,950$981,700
MARION$510,400$653,550$789,950$981,700
MORROW$510,400$653,550$789,950$981,700
MULTNOMAH$510,400$653,550$789,950$981,700
POLK$510,400$653,550$789,950$981,700
SHERMAN$510,400$653,550$789,950$981,700
TILLAMOOK$510,400$653,550$789,950$981,700
UMATILLA$510,400$653,550$789,950$981,700
UNION$510,400$653,550$789,950$981,700
WALLOWA$510,400$653,550$789,950$981,700
WASCO$510,400$653,550$789,950$981,700
WASHINGTON$510,400$653,550$789,950$981,700
HOOD RIVER$510,400$653,550$789,950$981,700
WHEELER$510,400$653,550$789,950$981,700
YAMHILL$510,400$653,550$789,950$981,700

In this table, a “one-unit” property is a single-family home with one resident. “Two-unit” refers to a duplex-style property with two separate residents, and so on. Oregon home buyers who are purchasing a single-family home or condo should refer to the first column.

How These Limits Are Set

Conforming loan limits are established by the Federal Housing Finance Agency (FHFA) and are based on median home prices. These limits vary by county. In some states, different counties have different limits, to reflect differences in home values. In Oregon, however, all counties have the same conforming loan limit: $510,400 for a single-family home.

The Housing and Economic Recovery Act of 2008 (HERA) requires the FHFA to monitor home prices across the United States, and to adjust the baseline loan limit as needed to reflect changes in national home values. This can also be done at the county level. So, when home prices in a particular county rise significantly from one year to the next, FHFA officials may increase that county’s loan limits to keep pace with house values.

Conforming limits are usually set at 115% of the median home price for each area, though they can exceed this level in some high-cost areas.

Apply for a Loan Today

Do you plan to buy a home in Oregon? Will you need a mortgage loan to help finance your purchase? We can help. Sammamish Mortgage has proudly served the Pacific Northwest for more than 20 years. We are a family-owned mortgage company offering highly competitive rates and great service.

We can help you get pre-approved for a loan, before you start shopping for a home. This will allow you to narrow down the market based on price, making the entire process more efficient. If you’re in the market for a home loan in Oregon, please call us at 800-304-6803. You can also send an email to loan@sammtg.com, or get a rate quote online. We look forward to hearing from you.

View Mortgage Rates in Oregon Nov, 24, Tue, 2020

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