If you’re buying a home in Oregon in 2026, it’s important to understand the current conforming loan limits. These limits, set by the Federal Housing Finance Agency (FHFA), affect how much you can borrow with a conforming loan backed by Fannie Mae or Freddie Mac. Staying within these limits can open the door to easier qualification and more competitive interest rates.
In this guide, we’ll break down the 2026 Oregon conforming loan limits, explain how they’re set, and show you what they mean for your homebuying journey.
2026 Oregon Conforming Loan Limits
For 2026, the FHFA has increased the baseline conforming loan limit for a single-family home to $832,750. While some states include designated high-cost counties, no county in Oregon qualifies for a high-cost exception. As a result, every county in the state, including Multnomah (Portland), Lane (Eugene), and Deschutes (Bend), remains capped at the baseline limit.
These limits apply to conventional loans that are eligible for purchase by Fannie Mae and Freddie Mac.
| County Name | 1 Unit | 2 Units | 3 Units | 4 Units |
|---|---|---|---|---|
| Baker County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Benton County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Clackamas County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Clatsop County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Columbia County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Coos County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Crook County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Curry County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Deschutes County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Douglas County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Gilliam County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Grant County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Harney County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Hood River County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Jackson County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Jefferson County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Josephine County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Klamath County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Lake County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Lane County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Lincoln County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Linn County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Malheur County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Marion County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Morrow County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Multnomah County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Polk County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Sherman County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Tillamook County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Umatilla County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Union County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Wallowa County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Wasco County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Washington County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Wheeler County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
| Yamhill County | $832,750 | $1,066,250 | $1,288,800 | $1,601,750 |
Breakdown of 2026 Conforming Loan Limits
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Standard (Baseline) Limit: $832,750
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High-Cost Areas: Not applicable in Oregon
This means that no matter which county you’re purchasing in, whether Portland, Eugene, Bend, or anywhere else in the state, the maximum conforming loan amount for a single-family home in Oregon in 2026 is $832,750.
How Are Loan Limits Determined?
The FHFA sets conforming loan limits annually based on changes in average U.S. home prices. The Housing and Economic Recovery Act (HERA) of 2008 established the formula used to calculate these limits.
Under this framework:
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FHFA adjusts the national baseline limit based on changes in average U.S. home prices.
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Each county’s median home value is evaluated at 115% and compared to the baseline.
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If 115% of a county’s median exceeds the baseline, the loan limit may increase, capped at 150% of the baseline.
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If not, the county remains at the baseline limit.
Because Oregon’s median home values remain below the 115% threshold, no county qualifies for a high-cost exception, and all counties use the $832,750 baseline limit for 2026.
View mortgage rates for
June 7, 2026
Why Do Loan Limits Matter?
Loan limits determine the maximum amount you can borrow with a conforming loan, one that is eligible for purchase by Fannie Mae and Freddie Mac. Staying within these limits typically provides several advantages.
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Lower Interest Rates: Conforming loans generally carry more competitive interest rates than jumbo loans.
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Easier Qualification: Lenders view conforming loans as lower risk, often allowing more flexible credit score and debt-to-income requirements.
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Smaller Down Payments: Many conforming programs permit down payments as low as 3% to 5%, compared to 20% or more for jumbo loans.
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Access to Assistance Programs: Certain state and federal homebuyer programs require loan amounts to stay within conforming limits.
If you exceed Oregon’s $832,750 conforming limit, you’ll need a jumbo loan, which typically involves stricter credit requirements, lower allowable debt-to-income ratios, and higher interest rates and fees. Keeping your loan within the conforming limit can simplify approval, reduce costs, and expand your financing options.
Frequently Asked Questions
Can I get a government-backed loan if my loan amount is near the conforming limit?
Yes. FHA, VA, and USDA loans follow their own loan limit guidelines, which may align with or differ from conforming loan limits. Staying within Oregon’s conforming limit can help expand your eligibility for these government-backed programs, many of which offer lower down payment options.
How often do conforming loan limits change?
Conforming loan limits are updated annually by the FHFA, typically announced toward the end of the year and effective at the beginning of the following year. Adjustments are based on national and local home price trends.
Does the conforming loan limit apply to investment properties or second homes?
Yes, conforming loan limits apply to second homes and investment properties as well. However, lenders may impose stricter requirements, such as higher down payments or interest rates, for non-owner-occupied properties. It’s important to review program-specific guidelines.
Questions About Getting a Mortgage in Oregon?
Knowing the 2026 loan limits in your county can help you secure better loan terms and simplify the approval process. If you’re planning to buy a home in Oregon, let JVM Lending’s experts guide you every step of the way.
Contact us today, we’re available seven days a week to help you find the right mortgage for your needs.
