Oregon Mortgage Guides

Oregon FHA Loan Requirements 2026

Q: Can I combine an FHA loan with Oregon down payment assistance?

Yes. OHCS's Cash Advantage and Flex Lending programs are designed to be layered on top of an FHA first mortgage through a participating lender. Note that Cash Advantage's 3% cash assistance is for closing costs, not the FHA minimum down payment — Flex Lending's separate down payment assistance is the better fit for covering the 3.5% minimum.

Q: What happens if my purchase price is above the FHA limit in my county?

If your purchase price exceeds the FHA limit, you'll need to either use a conventional loan, make a larger down payment to bring the loan amount below the FHA limit, or use a jumbo loan. FHA limits vary meaningfully by Oregon county — Portland-metro, Bend-metro, and Hood River counties have limits well above the national floor, while most rural counties remain at $541,287.

Q: Are condos eligible for FHA financing in Oregon?

Yes, but only condos in FHA-approved condo projects. Condo approval is project-level — individual unit eligibility depends on whether the homeowners association has received FHA project approval. Search the HUD condo approval database to check a specific project, or ask your lender to confirm before making an offer on a condo.

This guide to Oregon FHA loan requirements covers loan limits for every Oregon county, credit score requirements, MIP costs, and how FHA financing compares to other options in the Oregon housing market.

📖 8 min readUpdated 2026Oregon · FHA Loans

$541,287–$718,750FHA limit range (most counties)

$762,450Highest limit (Hood River County)

3.5%Minimum down payment (580+ score)

0.55%Annual MIP (most loans)

In This Guide

Oregon FHA loan limits by county
FHA requirements in Oregon
FHA vs. conventional for Oregon buyers
Oregon FHA FAQs

Oregon FHA Loan Limits by County (2026)

FHA loan limits are set by HUD and updated annually based on local median home prices. Oregon has five metro areas that sit above the national floor: Portland, Bend, Hood River, Corvallis, and Astoria. All other Oregon counties are at the standard national floor.

County	1-Unit	2-Unit	3-Unit	4-Unit
Multnomah County (Portland)	$701,500	$898,050	$1,085,550	$1,349,050
Washington County (Hillsboro)	$701,500	$898,050	$1,085,550	$1,349,050
Clackamas County	$701,500	$898,050	$1,085,550	$1,349,050
Columbia County	$701,500	$898,050	$1,085,550	$1,349,050
Yamhill County	$701,500	$898,050	$1,085,550	$1,349,050
Deschutes County (Bend)	$718,750	$920,150	$1,112,250	$1,382,250
Crook County	$718,750	$920,150	$1,112,250	$1,382,250
Jefferson County	$718,750	$920,150	$1,112,250	$1,382,250
Hood River County	$762,450	$976,100	$1,179,850	$1,466,250
Benton County (Corvallis)	$615,250	$787,650	$952,050	$1,183,200
Clatsop County (Astoria)	$563,500	$721,400	$872,000	$1,083,650
All other Oregon counties	$541,287	$693,050	$837,700	$1,041,125

Oregon FHA limits track local home prices closely. Eight counties across five metro areas sit above the $541,287 national floor, topping out at $762,450 in Hood River County. No Oregon county reaches the CY2026 national high-cost ceiling of $1,249,125. Limits are set per-county by HUD and updated annually; always confirm your exact county limit using HUD’s official FHA Mortgage Limits lookup tool before making an offer.

FHA Requirements in Oregon

Requirement	FHA Standard	Oregon Notes
Minimum credit score (3.5% down)	580	Most Oregon lenders add a 580–600 overlay
Minimum credit score (10% down)	500	Limited lender options below 580
Minimum down payment	3.5%	Can be paired with OHCS down payment assistance
Maximum DTI	43–50%	50% with compensating factors
Loan limits (most counties)	$541,287–$762,450	Varies by county; see table above
Upfront MIP	1.75% of loan	Financed into loan or paid at closing
Annual MIP (LTV > 90%)	0.55%/year	For 30-yr loan > $150K
MIP duration (<10% down)	Life of loan	Key FHA disadvantage vs. conventional
Property requirement	Primary residence	Must be owner-occupied

FHA vs. Conventional for Oregon Buyers

Factor	FHA	Conventional
Min credit score	580	620
Min down payment	3.5%	3–5%
Mortgage insurance	Life of loan (if <10% down)	Cancels at 20% equity
OHCS DPA compatible	Yes	Yes
Best for Oregon buyers	580–679 credit, limited savings	680+ credit, stable income

Oregon FHA FAQs

Can I combine an FHA loan with Oregon down payment assistance?

Yes. OHCS’s Cash Advantage and Flex Lending programs are designed to be layered on top of an FHA first mortgage through a participating lender. Note that Cash Advantage’s 3% cash assistance is for closing costs, not the FHA minimum down payment — Flex Lending’s separate down payment assistance is the better fit for covering the 3.5% minimum.

What happens if my purchase price is above the FHA limit in my county?

If your purchase price exceeds the FHA limit, you’ll need to either use a conventional loan, make a larger down payment to bring the loan amount below the FHA limit, or use a jumbo loan. FHA limits vary meaningfully by Oregon county — Portland-metro, Bend-metro, and Hood River counties have limits well above the national floor, while most rural counties remain at $541,287.

Are condos eligible for FHA financing in Oregon?

Yes, but only condos in FHA-approved condo projects. Condo approval is project-level — individual unit eligibility depends on whether the homeowners association has received FHA project approval. Search the HUD condo approval database to check a specific project, or ask your lender to confirm before making an offer on a condo.