OROregon

Oregon Mortgage Guide

Portland-area counties carry higher limits; strong state first-time buyer assistance programs.

2024 Conforming Limit

$862,500

High-cost state

Avg 30yr Fixed Rate

7.00%

VA Friendly

No

First-Time Buyer Program

OHCS Oregon Bond Residential Loan

Oregon offers down payment assistance (DPA) for qualifying buyers. Contact a participating lender or your state housing finance authority for current income limits and program availability.

Understanding Your Conforming Limit

The 2024 FHFA conforming loan limit for Oregon is $862,500. Loans at or below this amount qualify as conforming loans, which typically carry lower interest rates and require less documentation than jumbo loans.

Oregon is a high-cost area. Higher limits mean more buyers can access conventional conforming financing instead of jumbo loans, which often require larger down payments and stricter credit standards.

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