Oregon (OR) FHA New Home Loans
Oregon FHA loans are home loans insured by the FHA (Federal Housing Administration) which give Oregon borrowers the opportunity to secure OR home loans, when they don’t quality for other conventional loans. For example, future Oregon homeowners with little credit history or poor credit history are sometimes able to qualify for Oregon FHA loans.
Oregon FHA Loans for First Time Homeowners
OR FHA loans are ideal for first-time Oregon homeowners due to low down-payment requirements and flexible qualifying guidelines.
Refinancing with FHA Loans in Oregon
FHA also offers a refinancing option for Oregon homeowners where it’s possible to refinance up to 97.5 percent of your home’s value. Additionally, there’s also an option for FHA cash-out refinance of up to 85 percent.
FHA Loan Requirements – Oregon
- No income limit
- Oregon borrower credit score flexibility
- 3.5 percent down payment on Oregon Purchase Loans
- Bankruptcy: OR FHA loans can be obtained as soon as 2 years after Chapter 7 discharge (assuming good credit history since)
- Foreclosures: Oregon FHA loans can be obtained as early as 3 years after the final date of foreclosure (assuming good credit history since)
Oregon (OR) FHA Loan Limits
FHA loan limits in Oregon vary based on a number of criteria including the specific location (county), number of units in the property (up to 4-unit properties in Oregon), etc. Please contact Home Point Financial’s Oregon FHA loan experts for details on loan limits for FHA loans in Oregon (OR). Contact Home Point Financial to learn more about FHA Loans in Portland, Salem, Eugene and throughout Oregon.
