No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.
Home prices in the Portland metro area remained relatively stable during 2024.
Despite stagnant home values, federal housing officials announced at the end of 2024 that they would raise the 2025 conforming loan limit for Portland and the rest of Oregon. For a single-family home purchase, the 2025 limit is $806,500.
According to a recent press release from the Federal Housing Finance Agency (FHFA):
“The Federal Housing Finance Agency (FHFA) today announced the conforming loan limit values (CLLs) for mortgages acquired by Fannie Mae and Freddie Mac (the Enterprises) in 2025. In most of the United States, the 2025 CLL value for one-unit properties will be $806,500, an increase of $39,950 (or 5.2 percent) from 2024.”
| County Name | 1 Unit | 2 Units | 3 Units | 4 Units |
| MULTNOMAH | $806,500 | $1,032,650 | $1,248,150 | $1,551,250 |
In this context, a “one-unit” property is a single-family home. “Two-unit” refers to a duplex-style property with two separate residents, and so on. These loan limits apply to all counties in Oregon.
Anything above these amounts is considered a jumbo mortgage loan. Jumbo mortgages generally require larger down payments, higher credit scores, etc.
Check out our mortgage loan limit tool for conventional, FHA, and VA loans, as well as the 2025 conforming loan limits for Oregon.
Home prices in Portland skyrocketed a couple of years ago. But since then, prices have plateaued. Even still, home prices in Portland remain strong.
Conforming loan limits are established at the county level. And in some states, they vary from one county to the next. Oregon is different. Homes are relatively affordable across the state of Oregon, so all counties have the baseline loan limit of $806,500. There are no “high-cost areas” in Oregon, at least when it comes to conforming loan limits.
According to Zillow, the median home price for Portland is $524,402 as of November 2024. That’s well below the single-family conforming loan limit for Portland. This means that home buyers in and around the city should have plenty of properties to choose from, without venturing into “jumbo” mortgage territory.
Related: Buying a home in Portland, Oregon
Will you need mortgage financing to buy a home in Portland? We can help. At Sammamish Mortgage, we offer a wide variety of mortgage programs and tools with flexible qualification criteria, including our Diamond Homebuyer Program, Cash Buyer Program, and Bridge Loans. We have been serving the entire state since 1992, as well as the broader Pacific Northwest region that includes Washington, Oregon, Colorado, and Idaho. Please contact us today with any financing-related questions you have.
Whether you’re buying a home or ready to refinance, our professionals can help.
{hours_open} - {hours_closed} Pacific
No Obligation and transparency 24/7. Instantly compare live rates and costs from our network of lenders across the country. Real-time accurate rates and closing costs for a variety of loan programs custom to your specific situation.