Portland FHA Loan Rates, Closing Costs & Stats

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

For additional requirements as defined by the FHA, click here.

Portland's 161 lenders originated 3,653 FHA loans during 2023. The total origination value was $1,552,725,000, with an average FHA loan value of $425,055.

Portland FHA Loans, 30 Year Fixed Rates

30 Year FHA mortgages in Portland averaged 6.54% for the week of 2024-07-05, compared to the national average (all FHA variants) of 6.724% for the same period.

Portland's average FHA mortgage closing costs are $11,472.

The average rate for the prior week (2024-06-28) was 6.6% and one month ago for the week of 2024-05-31, the average rate was 6.79%.

The average rate one year ago was 6.47%.

For refis of the same type during the week of 2024-07-05, the average rate was 6.99%.

Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

Portland FHA Loan Lenders by Rates & Fees

The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the Portland level.

Name # of Loans 2023 Avg. 30yFix Rate 2023 Avg. Closing Costs
UNITED WHOLESALE MORTGAGE, LLC 438 6.11% $17,715
GUILD MORTGAGE COMPANY 238 6.62% $17,833
QUICKEN LOANS, LLC 228 6.17% $17,096
FAIRWAY INDEPENDENT MORTGAGE CORPORATION 200 6.57% $16,735
MORTGAGE EXPRESS, LLC 113 6.48% $16,070
CMG MORTGAGE, INC. 100 6.51% $16,136
NATIONS DIRECT MORTGAGE, LLC 80 6.30% $16,423
LOANDEPOT.COM, LLC 76 6.08% $15,634
ACADEMY MORTGAGE CORPORATION 75 6.59% $19,780
PENNYMAC LOAN SERVICES, LLC 60 5.97% $19,191
NEWREZ LLC 60 6.56% $17,048
DIRECTORS MORTGAGE, INC. 57 6.89% $20,006
DHI MORTGAGE COMPANY, LTD. 56 5.79% $11,354
CROSSCOUNTRY MORTGAGE, LLC 52 6.77% $17,782
AMERICAN PACIFIC MORTGAGE CORPORATION 48 6.70% $16,852
GUARANTEED RATE, INC. 47 6.17% $16,312
EVERGREEN MONEYSOURCE MORTGAGE COMPANY 46 6.64% $17,802
PACIFIC RESIDENTIAL MORTGAGE, LLC 45 6.59% $17,406
BROKER SOLUTIONS, INC. 43 6.76% $17,045
EAGLE HOME MORTGAGE, LLC 41 5.84% $15,545
CARDINAL FINANCIAL 39 6.58% $20,093
CALIBER HOME LOANS, INC. 36 6.18% $14,321
Paramount Residential Mortgage Group, Inc. 30 6.85% $19,276
CANOPY MORTGAGE, LLC 30 6.46% $20,656
Flagstar Bank, FSB 29 6.47% $14,811
OnPoint Community Credit Union 29 6.77% $12,310
AMERICAN FINANCIAL NETWORK, INC. 28 6.68% $19,132
NOVA FINANCIAL & INVESTMENT CORPORATION 27 6.21% $18,781
GENEVA FINANCIAL, LLC 27 6.80% $20,917
PLAZA HOME MORTGAGE, INC. 26 6.39% $19,678
FREEDOM MORTGAGE CORPORATION 26 6.71% $20,558
MOVEMENT MORTGAGE, LLC 25 6.74% $17,842
Century Mortgage Company DBA Century Lending Company 24 6.16% $16,918
SUMMIT MORTGAGE CORPORATION 24 6.69% $19,731
PANORAMA MORTGAGE GROUP, LLC 24 6.50% $20,416
American Mortgage & Equity Consultants, Inc. 22 6.77% $19,661
MUTUAL OF OMAHA MORTGAGE, INC. 22 6.32% $21,134
AMERISAVE MORTGAGE CORPORATION 21 5.82% $21,881
S1L, Inc. 20 6.64% $20,938
Sierra Pacific Mortgage Company, Inc. 20 6.44% $16,656
BAY EQUITY LLC 20 6.27% $16,791
MANN FINANCIAL INC. 19 6.59% $17,586
PRIORITY HOME LENDING, LLC 18 5.54% $18,077
HOMEBRIDGE FINANCIAL SERVICES, INC. 16 5.89% $20,697
PRIMELENDING, A PLAINSCAPITAL COMPANY 16 6.63% $21,306
Banner Bank 15 6.03% $17,005
Bank of England 15 6.48% $17,626
HomeStreet Bank 15 6.03% $18,727
RESIDENTIAL MORTGAGE, LLC 15 6.31% $16,011
Mr. Cooper ( Nationstar Mortgage ) 15 5.95% $22,677
South Pacific Financial Corporation 14 5.38% $14,202
ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.57% $14,853
Plains Commerce Bank 12 6.48% $16,813
PRIMARY RESIDENTIAL MORTGAGE, INC. 12 6.97% $18,012
CHURCHILL MORTGAGE CORPORATION 12 6.30% $15,859
Equity Prime Mortgage LLC 12 6.73% $16,728
MASON MCDUFFIE MORTGAGE CORPORATION 12 6.18% $20,627
SUN WEST MORTGAGE COMPANY, INC. 11 6.02% $22,060
HOMEAMERICAN MORTGAGE CORPORATION 11 5.49% $12,132
CORNERSTONE HOME LENDING, INC. 11 6.56% $20,450
U.S. Bank 11 6.10% $15,502
Willamette Valley Bank 11 6.36% $18,152
KeyBank 10 6.04% $14,608
UNION HOME MORTGAGE CORP. 10 6.70% $16,431
ZILLOW HOME LOANS, LLC 10 6.18% $16,996
JPMorgan Chase Bank 9 6.76% $10,461
AMERICAN FINANCIAL RESOURCES, INC. 9 6.63% $16,578
LEADERONE FINANCIAL CORPORATION 8 6.39% $19,483
MORTGAGE SOLUTIONS OF COLORADO, LLC 8 6.95% $17,063
Nations Lending Corporation 8 6.61% $14,064
ON Q FINANCIAL, INC. 8 6.95% $14,042
SUMMIT FUNDING, INC. 8 6.56% $24,263
PREMIER MORTGAGE RESOURCES, L.L.C. 8 6.75% $19,598
Umpqua Bank 7 6.59% $15,430
ENVOY MORTGAGE, LTD 7 7.02% $18,013
CALCON MUTUAL MORTGAGE LLC 7 7.07% $20,154
OCMBC, INC. 7 7.05% $17,374
iCore Lending, Inc. 7 6.80% $22,568
NFM, INC. 7 6.73% $20,752
V.I.P. MORTGAGE, INC. 7 6.32% $13,158
Carrington Mortgage Services, LLC 7 6.50% $20,295
Cornerstone First Mortgage, Inc 7 6.66% $20,095
Citizens Bank 7 6.84% $14,025
PLANET HOME LENDING, LLC 6 6.25% $15,197
FIRST CENTENNIAL MORTGAGE CORPORATION 6 6.85% $15,428
LAKEVIEW LOAN SERVICING, LLC 6 5.81% $17,072
Sunflower Bank 6 6.49% $23,200
Wells Fargo Bank 6 6.31% $9,430
DIAMOND RESIDENTIAL MORTGAGE CORPORATION 5 7.00% $15,359
PHH Mortgage Corporation 5 6.30% $13,178
Summit Mortgage Corporation 5 6.95% $15,616
Loan Simple, Inc. 5 7.10% $20,025
LADERA LENDING, INC. 5 6.88% $17,263
Franklin Loan Corporation 5 6.05% $21,730
AMERICAN FINANCING CORPORATION 5 6.28% $20,278
LPMC, LLC 5 6.80% $15,261
PENRITH HOME LOANS LLC 5 6.90% $13,512
Prosperity Home Mortgage, LLC 4 6.53% $18,095
Commerce Home Mortgage, Inc. 4 6.34% $23,085
EVERETT FINANCIAL, INC. 4 6.63% $19,140
TOP FLITE FINANCIAL, INC. 4 6.59% $27,047
AXIA FINANCIAL, LLC 4 6.56% $18,497
LOANPAL, LLC 4 6.03% $16,312
Hometown Equity Mortgage, LLC 4 6.13% $21,828
BECKAM FUNDING CORP. 3 6.92% $20,866
UNITED SECURITY FINANCIAL CORP 3 7.04% $26,009
Northpointe Bank 3 6.96% $23,897
PENTAGON FEDERAL CREDIT UNION 2 5.13% $22,327
Neighborhood Loans, Inc. 2 6.75% $20,294
AmeriHome Mortgage Company, LLC 2 5.50% $15,456
Keystone Funding, Inc. 2 7.06% $15,161
VERITAS FUNDING, LLC 2 6.94% $25,503
VILLAGE CAPITAL MORTGAGE 2 6.63% $11,667
BMO Harris Bank 2 6.56% $9,577
Washington Trust Bank 2 6.44% $14,738
Bank of the Pacific 2 6.19% $14,792
Bank of America 2 6.63% $14,787
JMAC LENDING, INC. 2 6.63% $15,059
JLB CORPORATION 2 6.38% $14,655
SUCCESS MORTGAGE PARTNERS, INC. 2 6.56% $20,181
The Federal Savings Bank 2 6.94% $21,095
DAS Acquisition Company, LLC 2 7.44% $17,931
MID AMERICA MORTGAGE, INC. 1 7.50% $4,696
AMCAP MORTGAGE, LTD. 1 6.12% $22,890
Zions Bank 1 5.88% $12,822
ALLIED MORTGAGE GROUP, INC. 1 6.13% $21,282
Magnolia Bank 1 5.75% $23,972
AMERICAN NATIONWIDE MORTGAGE COMPANY, INC. 1 6.63% $25,038
Mortgage Research Center, LLC 1 5.63% $8,740
MOUNTAIN WEST FINANCIAL, INC. 1 6.25% $20,812
LOANLEADERS OF AMERICA, INC. 1 5.38% $24,632
Lakeview Community Capital, LLC 1 7.25% $17,267
M&T Bank 1 7.13% $7,622
MYCUMORTGAGE, LLC 1 6.63% $7,839
KELLER MORTGAGE, LLC 1 5.63% $13,017
NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $22,441
NBKC BANK 1 5.13% $8,004
NETWORK CAPITAL FUNDING CORPORATION 1 5.75% $10,428
INTERCAP LENDING INC. 1 6.63% $12,792
HOMEXPRESS MORTGAGE CORP. 1 7.88% $18,191
HOMESIDE FINANCIAL, LLC 1 5.63% $26,015
GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 1 7.50% $18,553
Golden Empire Mortgage, Inc. 1 6.49% $26,132
Peoples Bank 1 7.25% $16,490
EMBRACE HOME LOANS, INC. 1 6.63% $17,799
1st Security Bank of Washington 1 6.75% $19,938
POLARIS HOME FUNDING CORP. 1 6.63% $11,723
DATA MORTGAGE, INC. 1 6.63% $23,962
CUSTOMER SERVICE MORTGAGE CORPORATION 1 7.13% $11,524
CRESCENT MORTGAGE COMPANY 1 6.00% $19,605
RANLIFE, INC. 1 6.99% $23,830
Boeing Employees Credit Union 1 7.13% $11,281
SECURITYNATIONAL MORTGAGE COMPANY 1 7.13% $10,070
Bank of the West 1 5.38% $11,949
STARBOARD FINANCIAL MANAGEMENT, LLC 1 6.63% $19,899
Strong Home Mortgage, LLC 1 6.49% $18,469
ALAMEDA MORTGAGE CORPORATION 1 7.25% $17,096
Axos Bank 1 6.63% $10,996
T2 FINANCIAL LLC 1 7.13% $21,366
TOWNE MORTGAGE COMPANY 1 6.75% $17,171
TruHome Solutions, LLC 1 5.88% $16,340

The top Portland FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 438 FHA loans originated. Their average total fees are $17,715, which is $118 lower than the next largest lender, GUILD MORTGAGE COMPANY.

The lowest fee Portland FHA lenders (with over 10 loans originated) are DHI MORTGAGE COMPANY, LTD. ($11,354), HOMEAMERICAN MORTGAGE CORPORATION ($12,132), OnPoint Community Credit Union ($12,310), South Pacific Financial Corporation ($14,202) and CALIBER HOME LOANS, INC. ($14,321).

The lowest rate Portland FHA lenders (with over 10 loans originated) are South Pacific Financial Corporation (5.38%), HOMEAMERICAN MORTGAGE CORPORATION (5.49%), PRIORITY HOME LENDING, LLC (5.54%), DHI MORTGAGE COMPANY, LTD. (5.79%) and AMERISAVE MORTGAGE CORPORATION (5.82%).

Portland FHA Loan Limits

Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
PORTLAND-VANCOUVER-HILLSBORO, OR-WA CLACKAMAS 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA COLUMBIA 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA MULTNOMAH 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA WASHINGTON 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA YAMHILL 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA CLARK 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA SKAMANIA 2022 $598,000 $765,550 $925,350 $1,150,000
PORTLAND-VANCOUVER-HILLSBORO, OR-WA CLACKAMAS 2023 $672,750 $861,250 $1,041,050 $1,293,750
PORTLAND-VANCOUVER-HILLSBORO, OR-WA COLUMBIA 2023 $672,750 $861,250 $1,041,050 $1,293,750
PORTLAND-VANCOUVER-HILLSBORO, OR-WA MULTNOMAH 2023 $672,750 $861,250 $1,041,050 $1,293,750
PORTLAND-VANCOUVER-HILLSBORO, OR-WA WASHINGTON 2023 $672,750 $861,250 $1,041,050 $1,293,750
PORTLAND-VANCOUVER-HILLSBORO, OR-WA YAMHILL 2023 $672,750 $861,250 $1,041,050 $1,293,750
PORTLAND-VANCOUVER-HILLSBORO, OR-WA CLARK 2023 $672,750 $861,250 $1,041,050 $1,293,750
PORTLAND-VANCOUVER-HILLSBORO, OR-WA SKAMANIA 2023 $672,750 $861,250 $1,041,050 $1,293,750

Market Conditions (Median, Average Prices & Listing Count)

Realtor.com - Portland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
2018-01-01 $476,538 (4.2%) $624,738 (3.7%) 1.77 4,642
2018-02-01 $482,475 (2.1%) $639,191 (4.1%) 1.75 4,444
2018-03-01 $495,000 (3.0%) $639,960 (2.1%) 1.74 4,759
2018-04-01 $499,000 (2.9%) $638,700 (1.7%) 1.69 5,380
2018-05-01 $499,700 (2.0%) $639,825 (1.6%) 1.67 6,268
2018-06-01 $495,945 (1.6%) $629,965 (1.6%) 1.65 7,129
2018-07-01 $484,500 (0.9%) $616,379 (1.5%) 1.62 8,101
2018-08-01 $479,000 (0.8%) $604,146 (0.9%) 1.60 8,623
2018-09-01 $472,000 (0.6%) $593,493 (0.3%) 1.59 8,950
2018-10-01 $469,900 (0.1%) $590,304 (-0.3%) 1.59 8,693
2018-11-01 $469,900 (0.0%) $593,258 (-1.0%) 1.59 8,070
2018-12-01 $469,900 (-1.1%) $601,163 (-2.1%) 1.62 6,944
2019-01-01 $473,044 (-0.7%) $603,633 (-3.4%) 1.63 6,164
2019-02-01 $477,949 (-0.9%) $611,933 (-4.3%) 1.61 6,019
2019-03-01 $480,657 (-2.9%) $611,249 (-4.5%) 1.57 6,278
2019-04-01 $475,720 (-4.7%) $604,133 (-5.4%) 1.51 6,832
2019-05-01 $478,950 (-4.2%) $604,692 (-5.5%) 1.50 7,392
2019-06-01 $479,000 (-3.4%) $601,300 (-4.6%) 1.50 8,307
2019-07-01 $474,950 (-2.0%) $598,894 (-2.8%) 1.49 8,601
2019-08-01 $473,291 (-1.2%) $598,581 (-0.9%) 1.50 8,498
2019-09-01 $470,877 (-0.2%) $597,153 (0.6%) 1.51 8,255
2019-10-01 $465,350 (-1.0%) $590,927 (0.1%) 1.50 7,952
2019-11-01 $463,980 (-1.3%) $593,276 (0.0%) 1.52 6,942
2019-12-01 $466,500 (-0.7%) $597,951 (-0.5%) 1.56 5,651
2020-01-01 $472,170 (-0.2%) $609,994 (1.1%) 1.58 4,866
2020-02-01 $479,000 (0.2%) $616,550 (0.8%) 1.57 4,427
2020-03-01 $479,450 (-0.3%) $621,009 (1.6%) 1.50 4,816
2020-04-01 $475,725 (0.0%) $607,767 (0.6%) 1.49 5,676
2020-05-01 $488,500 (2.0%) $617,166 (2.1%) 1.48 5,748
2020-06-01 $499,000 (4.2%) $631,032 (4.9%) 1.47 5,376
2020-07-01 $499,900 (5.3%) $642,495 (7.3%) 1.45 5,134
2020-08-01 $499,960 (5.6%) $650,939 (8.8%) 1.43 5,056
2020-09-01 $499,980 (6.2%) $654,864 (9.7%) 1.43 4,745
2020-10-01 $510,000 (9.6%) $661,247 (11.9%) 1.46 4,499
2020-11-01 $512,500 (10.5%) $669,846 (12.9%) 1.50 3,848
2020-12-01 $507,500 (8.8%) $674,314 (12.8%) 1.51 2,958
2021-01-01 $499,900 (5.9%) $682,776 (11.9%) 1.49 2,486
2021-02-01 $502,880 (5.0%) $691,012 (12.1%) 1.46 2,244
2021-03-01 $511,875 (6.8%) $684,314 (10.2%) 1.45 2,403
2021-04-01 $525,000 (10.4%) $693,193 (14.1%) 1.42 2,637
2021-05-01 $549,900 (12.6%) $717,025 (16.2%) 1.46 2,848
2021-06-01 $554,950 (11.2%) $726,786 (15.2%) 1.46 3,337
2021-07-01 $555,000 (11.0%) $731,698 (13.9%) 1.46 3,758
2021-08-01 $550,000 (10.0%) $722,960 (11.1%) 1.47 3,852
2021-09-01 $550,000 (10.0%) $724,111 (10.6%) 1.47 3,995
2021-10-01 $550,000 (7.8%) $721,293 (9.1%) 1.47 3,908
2021-11-01 $550,000 (7.3%) $725,117 (8.3%) 1.47 3,127
2021-12-01 $549,250 (8.2%) $728,293 (8.0%) 1.49 2,376
2022-01-01 $550,000 (10.0%) $739,209 (8.3%) 1.49 1,835
2022-02-01 $561,950 (11.8%) $737,166 (6.7%) 1.46 1,923
2022-03-01 $573,950 (12.1%) $737,757 (7.8%) 1.44 2,142
2022-04-01 $585,000 (11.4%) $754,828 (8.9%) 1.39 2,343
2022-05-01 $597,450 (8.7%) $760,144 (6.0%) 1.37 3,414
2022-06-01 $599,995 (8.1%) $762,564 (4.9%) 1.34 4,391
2022-07-01 $599,000 (7.9%) $754,182 (3.1%) 1.35 5,649
2022-08-01 $590,500 (7.4%) $746,184 (3.2%) 1.37 5,810
2022-09-01 $589,900 (7.3%) $761,963 (5.2%) 1.38 5,839
2022-10-01 $579,900 (5.4%) $760,826 (5.5%) 1.36 5,852
2022-11-01 $582,478 (5.9%) $769,365 (6.1%) 1.40 5,511
2022-12-01 $589,900 (7.4%) $779,861 (7.1%) 1.46 4,556
2023-01-01 $597,450 (8.6%) $793,439 (7.3%) 1.48 3,810
2023-02-01 $607,050 (8.0%) $812,754 (10.3%) 1.47 3,391
2023-03-01 $614,896 (7.1%) $825,588 (11.9%) 1.45 3,384
2023-04-01 $629,000 (7.5%) $834,101 (10.5%) 1.46 3,543
2023-05-01 $639,687 (7.1%) $829,802 (9.2%) 1.45 4,148
2023-06-01 $640,000 (6.7%) $824,741 (8.2%) 1.44 4,745
2023-07-01 $639,900 (6.8%) $826,915 (9.6%) 1.45 5,311
2023-08-01 $637,725 (8.0%) $826,434 (10.8%) 1.46 5,503
2023-09-01 $625,000 (6.0%) $811,158 (6.5%) 1.46 5,656
2023-10-01 $619,995 (6.9%) $806,580 (6.0%) 1.46 5,748
2023-11-01 $603,725 (3.7%) $795,828 (3.4%) 1.44 5,587
2023-12-01 $600,000 (1.7%) $799,713 (2.6%) 1.46 4,897
2024-01-01 $603,772 (1.1%) $804,123 (1.4%) 1.47 4,261
2024-02-01 $600,000 (-1.2%) $802,232 (-1.3%) 1.44 4,106
2024-03-01 $605,000 (-1.6%) $806,258 (-2.3%) 1.42 4,288
2024-04-01 $615,000 (-2.2%) $811,500 (-2.7%) 1.43 4,871
2024-05-01 $625,000 (-2.3%) $830,141 (0.0%) 1.41 5,684
2024-06-01 $625,000 (-2.3%) $828,331 (0.4%) 1.40 6,384
Portland's median listing price for 2024-06-01 was $625,000, a difference of $-15,000 (-2.3%) versus the prior year and $0 versus the prior month.

Portland's median listing price comes in at 140% of the national average.

Portland's average listing price for 2024-06-01 was $828,331, a difference of $3,590 (0.4%) versus the prior year and $-1,810 versus the prior month.

For the 2024-06-01 period, Portland had 6,384 MLS listings, a difference of 700 listings (12%) versus the prior month and 1,639 listings (35%) versus the prior year.

Median Listing Time on Market & Square Footage

Realtor.com - Portland (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
Date Median Listing Time on Market Median Square Footage
2018-01-01 62 days 2,269 sqft
2018-02-01 42 days 2,276 sqft
2018-03-01 34 days 2,273 sqft
2018-04-01 30 days 2,278 sqft
2018-05-01 30 days 2,279 sqft
2018-06-01 32 days 2,250 sqft
2018-07-01 37 days 2,219 sqft
2018-08-01 38 days 2,190 sqft
2018-09-01 44 days 2,159 sqft
2018-10-01 49 days 2,145 sqft
2018-11-01 56 days 2,150 sqft
2018-12-01 67 days 2,144 sqft
2019-01-01 69 days 2,139 sqft
2019-02-01 47 days 2,156 sqft
2019-03-01 39 days 2,146 sqft
2019-04-01 35 days 2,133 sqft
2019-05-01 32 days 2,141 sqft
2019-06-01 36 days 2,159 sqft
2019-07-01 39 days 2,151 sqft
2019-08-01 43 days 2,137 sqft
2019-09-01 47 days 2,131 sqft
2019-10-01 50 days 2,113 sqft
2019-11-01 61 days 2,100 sqft
2019-12-01 74 days 2,098 sqft
2020-01-01 74 days 2,113 sqft
2020-02-01 55 days 2,112 sqft
2020-03-01 42 days 2,096 sqft
2020-04-01 43 days 2,097 sqft
2020-05-01 53 days 2,107 sqft
2020-06-01 50 days 2,121 sqft
2020-07-01 43 days 2,107 sqft
2020-08-01 42 days 2,102 sqft
2020-09-01 49 days 2,080 sqft
2020-10-01 57 days 2,056 sqft
2020-11-01 62 days 2,048 sqft
2020-12-01 64 days 2,000 sqft
2021-01-01 51 days 1,942 sqft
2021-02-01 37 days 1,881 sqft
2021-03-01 32 days 1,903 sqft
2021-04-01 30 days 1,912 sqft
2021-05-01 30 days 1,947 sqft
2021-06-01 27 days 1,975 sqft
2021-07-01 33 days 1,978 sqft
2021-08-01 37 days 1,965 sqft
2021-09-01 40 days 1,961 sqft
2021-10-01 42 days 1,931 sqft
2021-11-01 51 days 1,908 sqft
2021-12-01 49 days 1,861 sqft
2022-01-01 59 days 1,852 sqft
2022-02-01 28 days 1,832 sqft
2022-03-01 28 days 1,835 sqft
2022-04-01 26 days 1,851 sqft
2022-05-01 23 days 1,929 sqft
2022-06-01 24 days 1,982 sqft
2022-07-01 30 days 2,001 sqft
2022-08-01 37 days 2,002 sqft
2022-09-01 44 days 1,996 sqft
2022-10-01 44 days 1,989 sqft
2022-11-01 51 days 1,995 sqft
2022-12-01 65 days 2,001 sqft
2023-01-01 72 days 2,021 sqft
2023-02-01 53 days 2,039 sqft
2023-03-01 44 days 2,043 sqft
2023-04-01 37 days 2,064 sqft
2023-05-01 34 days 2,088 sqft
2023-06-01 34 days 2,094 sqft
2023-07-01 38 days 2,111 sqft
2023-08-01 41 days 2,112 sqft
2023-09-01 45 days 2,080 sqft
2023-10-01 48 days 2,057 sqft
2023-11-01 54 days 2,024 sqft
2023-12-01 66 days 2,004 sqft
2024-01-01 71 days 2,006 sqft
2024-02-01 55 days 1,998 sqft
2024-03-01 45 days 1,996 sqft
2024-04-01 39 days 2,009 sqft
2024-05-01 36 days 2,027 sqft
2024-06-01 40 days 2,038 sqft
Portland's median listing age (time on market) for 2024-06-01 was 40 days. This is 18% longer than the same period one year ago.

Portland's median square footage for active listings during the 2024-06-01 period was 2,038 sqft. One year prior, the average listing was 2,094 sqft.

FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).