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- The conforming mortgage borrowing limit is $647,200 for all Oregon counties.
- If you’d like to get an FHA mortgage, the maximum borrowing amount varies per county.
- If you plan to buy an expensive home and are in good financial shape, also look at jumbo loans.
- See today’s mortgage and refinance rates in Oregon on Insider.
If you know much money you’d like to borrow for your first home, you can begin to narrow down which type of mortgage will be suitable for you.
Conforming mortgages and FHA mortgages have borrowing limits set by the Federal Housing Finance Agency and Federal Housing Administration. The FHFA and FHA implement a higher mortgage borrowing limit in more costly areas, which may sway your decisions on the type of mortgage you’ll get.
In Oregon, some counties have higher FHA borrowing limits than others. We’ve brought together data from the Federal Housing Finance Agency and the US Department of Housing and Urban Development so you’ll be able to see the 2022 borrowing limits for all Oregon counties.
Oregon borrowing limits in 2022 for conforming and FHA mortgages by county
Take note, Clackamas County, Columbia County, Hood River County, Multnomah County, Washington County, and Yamhill County have the highest FHA mortgage borrowing limits in Oregon. A county with a higher FHA mortgage borrow limit usually has more expensive homes.
| County | Conforming mortgage limit (single-family home) |
FHA mortgage limit (single-family home) |
| Baker | $647,200 | $420,680 |
| Benton | $647,200 | $483,000 |
| Clackamas | $647,200 | $598,000 |
| Clatsop | $647,200 | $437,000 |
| Columbia | $647,200 | $598,000 |
| Coos | $647,200 | $420,680 |
| Crook | $647,200 | $420,680 |
| Curry | $647,200 | $420,680 |
| Deschutes | $647,200 | $569,250 |
| Douglas | $647,200 | $420,680 |
| Gilliam | $647,200 | $420,680 |
| Grant | $647,200 | $420,680 |
| Harney | $647,200 | $420,680 |
| Hood River | $647,200 | $599,150 |
| Jackson | $647,200 | $420,680 |
| Jefferson | $647,200 | $420,680 |
| Josephine | $647,200 | $420,680 |
| Klamath | $647,200 | $420,680 |
| Lake | $647,200 | $420,680 |
| Lane | $647,200 | $420,680 |
| Lincoln | $647,200 | $420,680 |
| Linn | $647,200 | $420,680 |
| Malheur | $647,200 | $420,680 |
| Marion | $647,200 | $420,680 |
| Morrow | $647,200 | $420,680 |
| Multnomah | $647,200 | $598,000 |
| Polk | $647,200 | $420,680 |
| Sherman | $647,200 | $420,680 |
| Tillamook | $647,200 | $420,680 |
| Umatilla | $647,200 | $420,680 |
| Union | $647,200 | $420,680 |
| Wallowa | $647,200 | $420,680 |
| Wasco | $647,200 | $420,680 |
| Washington | $647,200 | $598,000 |
| Wheeler | $647,200 | #420,680 |
| Yamhill | $647,200 | $598,000 |
How to determine if a conforming, jumbo, or FHA mortgage is right for you
An FHA mortgage is a government-backed loan with more lenient eligibility requirements than conforming loans. It’ll be a good option if you don’t have a high credit score or are still working toward other financial goals, like paying off debt.
Conforming mortgages are are usually what most people think of as a standard mortgage. A conforming mortgage may be a good choice if you plan on getting a home that costs more than the FHA borrowing limit in your county.
If you want to buy a more expensive home and require a loan that’s greater than $647,200, jumbo loans let you borrow more money than the conforming mortgage limit. If you’re opting for a jumbo loan, be mindful that these loans often require a high credit score and low debt-to-income ratio.
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