FHA Loan Calculator for Oregon

FHA Loans in Oregon

FHA loans require a minimum 3.5% down payment (10% if credit score is 580-619). On Oregon's median home of $425,000, that's a minimum down payment of $14,900.

FHA Loan Limits in Oregon

FHA loan limits vary by county and are tied to conforming limits. In most Oregon counties, the FHA floor limit is $498,257 (2024). High-cost areas like certain counties may qualify for higher limits up to $1,149,825. All Oregon counties are at the standard conforming limit.

FHA vs Conventional in Oregon

FHA MIP (Mortgage Insurance Premium) is required regardless of down payment. Conventional loans eliminate PMI at 20% equity. With Oregon's median home at $425,000, buyers who can put down $85,000 (20%) are better served by conventional financing. FHA makes sense for buyers with limited savings or credit scores below 740.

Closing Costs

Oregon closing costs average $3,100. Oregon has no transfer tax, keeping closing costs reasonable. Title insurance and escrow fees are the primary components. Sellers can contribute up to 6% of the purchase price toward FHA buyer closing costs.

FHA Loan Calculator for Other States