Portland, Oregon FHA Loan Limits Increased to $695,750 for 2025

Published:
December 19, 2018
Last updated:
December 2, 2024
In This Article

FHA loan limits for the Portland, Oregon metro area have been increased for 2025. The FHA loan limit for a home purchased in the Portland area is now $695,750. That’s for a single-family property. There are higher limits for multifamily properties like duplexes and triplexes.

Conforming loan limits have gone up as well.

Portland FHA Loan Limit For 2025

In 2025, the FHA loan limit for a single-family property in Portland is $695,750. This change was made in response to nationwide home-price gains that have occurred over the past year or so, even though Portland’s home prices actually didn’t change much.

The Department of Housing and Urban Development (HUD) announced this change in December and said that most counties across the nation are seeing higher limits in 2025.

These limits are based on median home values, and they’re usually the same across an entire metro area. So, the $695,750 FHA loan limit for the Portland area applies to the following counties:

County Name1 Unit2 Units3 Units4 Units
CLACKAMAS$695,750$890,700$1,076,650$1,338,000
COLUMBIA$695,750$890,700$1,076,650$1,338,000
MULTNOMAH$695,750$890,700$1,076,650$1,338,000
WASHINGTON$695,750$890,700$1,076,650$1,338,000
YAMHILL$695,750$890,700$1,076,650$1,338,000

Check out our mortgage loan limit tool for conventional, FHA, and VA loans, as well as the 2025 FHA loan limits for Oregon.

Live Portland Mortgage Rates

Home Prices Dipped in the Area

Speaking of home prices, the home prices in the Portland area have remained steady over the past year. According to Zillow, the local Portland real estate market saw the average home price unchanged over the past 12 months. The median home price in the Portland metro is now $524,402 as of December 2023.

Those borrowers who buy a more expensive home and need a higher level of financing can use a “jumbo” loan, provided they have sufficient income to make the monthly payments. (The FHA program is most commonly used by home buyers shopping within the low-to-middle price range.)

FHA vs. Conventional Mortgage Financing

The Federal Housing Administration’s loan program has been helping homeowners since the 1930s. It began during the Great Depression.

The program is especially popular with first-time buyers, because it allows for a low down payment of 3.5%. But it’s not limited to that group. Anyone who meets the basic criteria for the program can apply, and that includes repeat buyers who have owned homes in the past.

Unlike a conventional or “regular” mortgage product, FHA loans are insured by the federal government. This insurance backing allows Portland mortgage lenders to be more flexible, in terms of borrower qualification criteria.

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Need a Mortgage?

At Sammamish Mortgage, we offer a wide variety of mortgage programs and tools with flexible qualification criteria, including our Diamond Homebuyer ProgramCash Buyer Program, and Bridge Loans. We have been serving the entire state since 1992, as well as the broader Pacific Northwest region that includes Washington, Oregon, Colorado, and Idaho. Please contact us today with any financing-related questions you have.

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