Oregon FHA Loan Limits & Requirements in 2022

The FHA loan limits for Oregon have just been released for 2022. What is the new loan limit, and how will that impact your home buying process?

The Federal Housing Administration (FHA) loan program offers several benefits for borrowers, including a down payment as low as 3.5%. But there are some size restrictions you should be aware of. Here’s an updated look at Oregon FHA loan limits for 2022.

Oregon FHA Loan Limits in 2022

Oregon FHA loan limits are established by the Department of Housing and Urban Development (HUD) and are based on median home prices. HUD reconsiders the limits every year and sometimes revises them. Below, you will find the 2022 FHA loan limits for all counties in Oregon. They range from $420,680 to $599,150 depending on county.

Note: In the table below, “1-family” refers to a single-family home or condo. “Two-family” refers to a duplex-style property with two residents, and so on.

Home buyers purchasing a single-family home or condo in the state of Oregon should refer to the 1-family FHA loan limits shown below:

County Name1 Unit2 Units3 Units4 Units
BAKER$420,680$538,650$651,050$809,150
BENTON$483,000$618,300$747,400$928,850
CLACKAMAS$598,000$765,550$925,350$1,150,000
CLATSOP$437,000$559,450$676,200$840,400
COLUMBIA$598,000$765,550$925,350$1,150,000
COOS$420,680$538,650$651,050$809,150
CROOK$420,680$538,650$651,050$809,150
CURRY$420,680$538,650$651,050$809,150
DESCHUTES$569,250$728,750$880,900$1,094,700
DOUGLAS$420,680$538,650$651,050$809,150
GILLIAM$420,680$538,650$651,050$809,150
GRANT$420,680$538,650$651,050$809,150
HARNEY$420,680$538,650$651,050$809,150
HOOD RIVER$599,150$767,000$927,150$1,152,250
JACKSON$420,680$538,650$651,050$809,150
JEFFERSON$420,680$538,650$651,050$809,150
JOSEPHINE$420,680$538,650$651,050$809,150
KLAMATH$420,680$538,650$651,050$809,150
LAKE$420,680$538,650$651,050$809,150
LANE$420,680$538,650$651,050$809,150
LINCOLN$420,680$538,650$651,050$809,150
LINN$420,680$538,650$651,050$809,150
MALHEUR$420,680$538,650$651,050$809,150
MARION$420,680$538,650$651,050$809,150
MORROW$420,680$538,650$651,050$809,150
MULTNOMAH$598,000$765,550$925,350$1,150,000
POLK$420,680$538,650$651,050$809,150
SHERMAN$420,680$538,650$651,050$809,150
TILLAMOOK$420,680$538,650$651,050$809,150
UMATILLA$420,680$538,650$651,050$809,150
UNION$420,680$538,650$651,050$809,150
WALLOWA$420,680$538,650$651,050$809,150
WASCO$420,680$538,650$651,050$809,150
WASHINGTON$598,000$765,550$925,350$1,150,000
WHEELER$420,680$538,650$651,050$809,150
YAMHILL$598,000$765,550$925,350$1,150,000

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Other FHA Mortgage Requirements

In addition to the Oregon FHA loan limits shown above, there are some other requirements you should know about:

  • Borrowers must make a down payment of at least 3.5% of the purchase price or appraised value.
  • The loan-to-value (LTV) ratio cannot exceed 96.5% in most cases.
  • Borrowers must have a credit score of 580 or higher for the 3.5% down payment option.
  • Down payment funds can be gifted from a family member or other approved donor.
  • Ideally, the borrower should have a combined debt-to-income (DTI) ratio no higher than 43%. But there are some exceptions to this general rule.
  • The home must pass an appraisal conducted by an FHA-approved appraiser.
  • Condos must be on HUD’s approved condominium list.

This is a basic overview of Oregon FHA loan requirements. If you’d like to know if you’re eligible for this program, please contact our staff.

Check out our mortgage loan limit tool for conventional, FHA, and VA loans.

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Do you plan to buy a home in Oregon? Interested in the FHA program? 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.

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