FHA Loan Benefits in Oregon
Low Down Payment
As little as 3.5% down with a 580+ credit score. 10% down with scores 500–579.
Flexible Credit
FHA allows lower credit scores than conventional financing — great for buyers building or rebuilding credit.
Gift Funds Allowed
Down payment can come from family gifts — 100% gift funds accepted for FHA loans.
Higher DTI Allowed
FHA allows higher debt-to-income ratios than conventional loans in many cases.
Available Statewide
FHA loans are available in every Oregon county — Portland, Bend, Eugene, Medford, Astoria, and beyond.
Streamline Refinance
FHA Streamline refinance makes it easy to lower your rate with minimal documentation later.
FHA Loan Requirements in Oregon
- ✓Credit Score: 580+ for 3.5% down; 500–579 for 10% down
- ✓Down Payment: 3.5% minimum (can be a gift from family)
- ✓Employment: 2-year employment history preferred; self-employed borrowers acceptable with documentation
- ✓Property: Must be primary residence; meet FHA Minimum Property Standards (MPS)
- ✓Loan Limits: Set by county across Oregon; contact me for current limits in your area
- ✓MIP: 1.75% upfront + annual premium paid monthly (cancels after 11 years with 10%+ down)
FHA Loan FAQ
What is the minimum down payment for an FHA loan?
580+ credit score = 3.5% down. 500–579 credit score = 10% down. Down payment can come from gifts or approved assistance programs.
Does FHA require mortgage insurance?
Yes. FHA requires 1.75% upfront MIP (can be rolled into the loan) plus annual MIP paid monthly. With 10%+ down, MIP cancels after 11 years. With less than 10% down, MIP remains for the life of the loan.
Are FHA loan limits the same across Oregon?
No — FHA loan limits vary by county. Higher-cost areas like Portland metro and Bend have higher limits than rural counties. I'll give you the exact limit for wherever you're buying.
Can I buy with bad credit using FHA?
FHA is specifically designed for borrowers with lower credit scores. With 580+ you can put 3.5% down. For complex credit histories, manual underwriting options may be available.
Other Loan Programs
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