FHA Loans in Oregon
The FHA loan limit in Oregon is $472,030 for a single-family home. FHA loans require just 3.5% down payment and accept credit scores as low as 580.
Oregon's FHA limits vary by county, with the Portland metro area counties qualifying for elevated limits that reflect the region's higher home prices. In Portland itself, the FHA limit has become tighter as prices have risen, potentially limiting options in the most desirable neighborhoods like Sellwood, Alberta, and Northeast Portland. FHA works well in the outer suburbs (Gresham, Hillsboro, Oregon City) and in communities outside the Portland metro. Central Oregon (Bend, Redmond) and southern Oregon (Medford, Grants Pass) generally work within the baseline FHA limit.
By BuyAHomeIn Editorial | Updated 2026-03-02 | Sources: HUD, Zillow
FHA Loan Limit
$472,030
Min Down Payment
$16,521
3.5%
Est. Monthly Payment
$3,513
PITI + MIP
Min Credit Score
580
for 3.5% down
Monthly Payment Breakdown at FHA Limit
| Home Price | $472,030 |
| Down Payment (3.5%) | $16,521 |
| Loan Amount | $455,509 |
| Monthly Costs | |
| Principal & Interest (6.5%) | $2,879 |
| FHA Mortgage Insurance (MIP) | $209 |
| Property Tax | $307 |
| Homeowners Insurance | $118 |
| Total Monthly Payment | $3,513 |
* Estimated at 6.5% interest rate, 30-year fixed. MIP at 0.55% annual. Property tax at Oregon's average rate of 0.78%. Includes upfront MIP of 1.75% rolled into loan.
FHA Loan Requirements
Credit Score
580+ for 3.5% down payment. 500-579 requires 10% down.
Down Payment
Minimum 3.5% of purchase price. Can be a gift from family.
Debt-to-Income
Maximum 43% DTI ratio (up to 50% with compensating factors).
Property Requirements
Must be primary residence. FHA appraisal required (stricter than conventional).
Employment
2 years of steady employment history. Self-employed need 2 years of tax returns.
Mortgage Insurance
1.75% upfront MIP + 0.55% annual MIP. Required for life of loan (unless refinanced).
FHA vs Conventional in Oregon
| Feature | FHA | Conventional |
|---|---|---|
| Min Down Payment | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Mortgage Insurance | Life of loan | Until 20% equity |
| Loan Limit (Oregon) | $472,030 | $766,550+ |
| Best For | Lower credit, small savings | Good credit, 20%+ down |
