Best FHA Lenders in Oregon 2026: Top 7 Ranked & Reviewed
Christopher Lee
Oregon FHA Specialist | 15+ Years Experience
January 22, 2026
Looking for the best FHA lenders in Oregon? Oregon has 1,400+ FHA-approved lenders, but only 7 consistently deliver the best rates, fastest approvals, and lowest fees for Oregon buyers.
6.25%
Average FHA Rate
$520,000
Median Home Price
18.5%
FHA Market Share
24 days
Avg Approval
🏆 Top 7 FHA Lenders in Oregon 2026
Rocket Mortgage - Best Overall FHA Lender Oregon
5,600+ OR loans funded
Why #1:
- 🚀 Fastest online application (8 minutes)
- 💰 Competitive rates: 6.15%-6.35% APR
- ⚡ Close in 24 days average
- 📱 Best mobile app for Oregon borrowers
- 🏆 #1 FHA lender in Portland metro
Best For:
Tech-savvy Oregon buyers who want speed + convenience
📊 FHA Loan Limits Oregon 2026 by County
| County | Major City | 2026 FHA Limit |
|---|---|---|
| Multnomah | Portland | $766,550 ⭐ |
| Washington | Beaverton | $766,550 ⭐ |
| Lane | Eugene | $498,257 |
| Marion | Salem | $498,257 |
🎉 Great News for Portland Buyers!
Multnomah and Washington counties have higher FHA limits of $766,550 (2026). This means you can buy homes up to $766K with just 3.5% down ($26,829)!
✅ Oregon FHA Loan Requirements 2026
Basic Requirements
Credit Score:
580+ for 3.5% down | 500-579 for 10% down
Down Payment:
3.5% minimum ($26,829 on $766K home)
DTI Ratio:
43% max (50% with compensating factors)
Employment:
2 years stable employment history
Oregon-Specific Info
Property Taxes:
0.87% avg (below US average)
Closing Costs:
2-5% of purchase price ($15K-$38K on $766K)
MIP:
1.75% upfront + 0.55% annual
Appraisal:
FHA-approved appraiser required ($600-$800)
❓ FAQ: FHA Loans Oregon 2026
What is the FHA loan limit in Oregon?
Oregon FHA Loan Limits (2026):
- High-cost counties (Multnomah, Washington): $766,550
- Standard counties (most of Oregon): $498,257
This is the maximum home price you can buy with an FHA loan in Oregon.
Can I buy a condo with an FHA loan in Portland?
YES - but the condo building must be FHA-approved.
Check if your Portland condo is FHA-approved:
- Search the HUD Approved Condo List
- Ask your real estate agent
- Contact the condo association
Many Portland condos are FHA-approved. If not, the building can apply for approval (takes 30-60 days).
Does Oregon have first-time buyer programs with FHA?
YES! Oregon has excellent first-time buyer programs:
1. Oregon Bond Residential Loan Program
- Below-market rates (5.95%-6.15%)
- Works with FHA loans
- Income limits: Up to $138,600 (Portland)
2. Down Payment Assistance
- Up to $15,000 grant
- Combines with FHA 3.5% down
- Must complete homebuyer education