Portland FHA Loan Rates, Closing Costs & Stats

PORTLAND-VANCOUVER-HILLSBORO, OR-WA

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    • 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 157 lenders originated 4,559 FHA loans during 2024. The total origination value was $2,013,495,000, with an average FHA loan value of $441,653.

    Portland FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in Portland averaged -0.01% for the week of 2025-06-20, compared to the national average (all FHA variants) of 0% for the same period.

    Portland's average FHA mortgage closing costs are $12,034.

    The average rate for the prior week (2025-06-13) was 6.88% and one month ago for the week of 2025-05-16, the average rate was 6.54%.

    The average rate one year ago was 6.59%.

    For refis of the same type during the week of 2025-06-20, the average rate was 0%.

    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 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 508 6.00% $18,290
    GUILD MORTGAGE COMPANY 321 6.25% $17,559
    QUICKEN LOANS, LLC 251 6.13% $16,439
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 157 6.47% $17,719
    NATIONS DIRECT MORTGAGE, LLC 147 6.13% $15,002
    MORTGAGE EXPRESS, LLC 131 6.30% $16,123
    CMG MORTGAGE, INC. 126 6.11% $17,036
    DHI MORTGAGE COMPANY, LTD. 117 5.38% $11,235
    PENNYMAC LOAN SERVICES, LLC 114 5.94% $16,329
    NEWREZ LLC 98 6.10% $14,714
    OnPoint Community Credit Union 94 6.36% $12,780
    FREEDOM MORTGAGE CORPORATION 89 6.23% $17,372
    LOANDEPOT.COM, LLC 80 6.08% $15,742
    CROSSCOUNTRY MORTGAGE, LLC 67 6.60% $18,106
    DIRECTORS MORTGAGE, INC. 66 6.71% $20,104
    AMERICAN PACIFIC MORTGAGE CORPORATION 66 6.45% $16,605
    Flagstar Bank, FSB 61 6.24% $14,348
    SUMMIT MORTGAGE CORPORATION 59 6.31% $17,256
    EAGLE HOME MORTGAGE, LLC 59 5.48% $16,973
    MOVEMENT MORTGAGE, LLC 54 6.37% $18,086
    GUARANTEED RATE, INC. 51 6.17% $16,611
    PACIFIC RESIDENTIAL MORTGAGE, LLC 51 6.34% $17,759
    ZILLOW HOME LOANS, LLC 49 5.80% $20,966
    BROKER SOLUTIONS, INC. 46 6.70% $17,488
    PLAZA HOME MORTGAGE, INC. 41 6.51% $18,626
    PANORAMA MORTGAGE GROUP, LLC 41 6.17% $20,299
    UNION HOME MORTGAGE CORP. 38 6.39% $16,952
    Century Mortgage Company DBA Century Lending Company 38 6.19% $15,339
    EVERGREEN MONEYSOURCE MORTGAGE COMPANY 36 6.63% $16,945
    BAY EQUITY LLC 33 6.38% $15,167
    HOMEAMERICAN MORTGAGE CORPORATION 33 4.62% $11,938
    Paramount Residential Mortgage Group, Inc. 32 6.67% $17,193
    American Mortgage & Equity Consultants, Inc. 30 6.42% $18,327
    CARDINAL FINANCIAL 29 6.69% $18,765
    MUTUAL OF OMAHA MORTGAGE, INC. 28 6.08% $22,011
    AMERICAN FINANCIAL NETWORK, INC. 28 6.65% $20,628
    Sierra Pacific Mortgage Company, Inc. 27 6.14% $16,747
    LAKEVIEW LOAN SERVICING, LLC 25 6.34% $9,674
    The Loan Store, Inc. 25 6.07% $18,147
    CANOPY MORTGAGE, LLC 24 6.47% $20,434
    Equity Prime Mortgage LLC 23 6.89% $18,086
    GENEVA FINANCIAL, LLC 21 6.60% $23,103
    PRIMARY RESIDENTIAL MORTGAGE, INC. 21 6.34% $12,159
    Prosperity Home Mortgage, LLC 19 6.03% $17,092
    VILLAGE CAPITAL MORTGAGE 19 6.38% $9,714
    Bank of England 19 6.53% $15,935
    Plains Commerce Bank 19 6.39% $16,277
    Mr. Cooper ( Nationstar Mortgage ) 18 6.49% $16,676
    Commerce Home Mortgage, Inc. 17 5.85% $21,119
    RESIDENTIAL MORTGAGE, LLC 17 6.43% $15,520
    HomeStreet Bank 16 6.35% $16,837
    PREMIER MORTGAGE RESOURCES, L.L.C. 16 6.69% $16,246
    CORNERSTONE HOME LENDING, INC. 16 6.51% $17,037
    U.S. Bank 16 6.37% $17,256
    Cornerstone First Mortgage, Inc 15 6.58% $18,357
    Sunflower Bank 15 6.26% $17,346
    S1L, Inc. 15 6.43% $20,139
    MASON MCDUFFIE MORTGAGE CORPORATION 15 6.33% $16,880
    CLM MORTGAGE, INC 14 5.18% $16,041
    ENVOY MORTGAGE, LTD 14 6.28% $16,881
    NOVA FINANCIAL & INVESTMENT CORPORATION 14 6.44% $16,262
    SUN WEST MORTGAGE COMPANY, INC. 13 5.72% $19,406
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 13 6.46% $16,172
    AMERICAN FINANCING CORPORATION 13 5.84% $20,216
    PRIMELENDING, A PLAINSCAPITAL COMPANY 13 6.48% $18,326
    AMERICAN FINANCIAL RESOURCES, INC. 12 6.46% $17,421
    SCENIC OAKS FUNDING, INC. 11 5.93% $16,898
    South Pacific Financial Corporation 11 5.53% $13,745
    HOMEBRIDGE FINANCIAL SERVICES, INC. 11 6.42% $13,094
    Willamette Valley Bank 11 6.32% $16,762
    MORTGAGE SOLUTIONS OF COLORADO, LLC 11 6.45% $17,901
    PRIORITY HOME LENDING, LLC 10 5.90% $24,538
    Banner Bank 10 5.98% $14,768
    V.I.P. MORTGAGE, INC. 10 6.14% $16,722
    HOMESIDE FINANCIAL, LLC 10 6.30% $22,689
    PLANET HOME LENDING, LLC 9 5.20% $9,625
    Lakeview Community Capital, LLC 9 6.35% $11,859
    MID AMERICA MORTGAGE, INC. 9 7.11% $8,602
    KeyBank 9 5.76% $16,165
    PHH Mortgage Corporation 8 6.26% $11,759
    Nations Lending Corporation 8 6.27% $14,015
    Carrington Mortgage Services, LLC 7 6.61% $18,620
    SUCCESS MORTGAGE PARTNERS, INC. 7 6.32% $20,600
    Umpqua Bank 7 5.88% $18,398
    LPMC, LLC 6 6.42% $13,029
    AMERISAVE MORTGAGE CORPORATION 6 6.00% $23,552
    CHURCHILL MORTGAGE CORPORATION 6 6.15% $16,459
    INTELLILOAN, INC. 6 6.06% $9,655
    Mortgage Research Center, LLC 6 6.21% $8,543
    NFM, INC. 6 6.98% $17,416
    OCMBC, INC. 6 6.19% $15,546
    SOUTHWEST FUNDING, LP 6 6.79% $25,038
    GUARANTEED RATE AFFINITY, LLC 5 6.38% $15,814
    SECURITYNATIONAL MORTGAGE COMPANY 5 6.88% $17,820
    LOANPAL, LLC 5 5.63% $20,042
    NBKC BANK 5 6.08% $13,425
    AmeriHome Mortgage Company, LLC 5 6.63% $9,122
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 5.81% $16,258
    T2 FINANCIAL LLC 4 6.50% $14,269
    1st Security Bank of Washington 4 5.75% $18,164
    Wells Fargo Bank 4 6.28% $16,049
    CALCON MUTUAL MORTGAGE LLC 4 6.69% $17,602
    SUMMIT FUNDING, INC. 4 6.34% $21,253
    Franklin Loan Corporation 4 6.53% $15,438
    MORIA DEVELOPMENT, INC. 3 6.08% $20,273
    Keystone Funding, Inc. 3 5.71% $16,530
    DAS Acquisition Company, LLC 3 5.71% $23,432
    Paramount Bank 3 5.96% $14,862
    LEADERONE FINANCIAL CORPORATION 3 6.12% $22,111
    Washington Trust Bank 3 6.33% $14,302
    EVERETT FINANCIAL, INC. 3 6.42% $26,670
    Loan Simple, Inc. 3 6.54% $18,927
    BETTER MORTGAGE CORPORATION 3 5.58% $14,411
    NEXERA HOLDING LLC 3 6.04% $10,370
    MYCUMORTGAGE, LLC 2 6.75% $14,713
    JPMorgan Chase Bank 2 5.87% $11,053
    Ixonia Bank 2 5.75% $15,734
    Hometown Equity Mortgage, LLC 2 5.94% $16,406
    RANLIFE, INC. 2 7.06% $19,704
    SIRVA MORTGAGE, INC. 2 6.88% $6,265
    EMM LOANS LLC 2 5.81% $26,496
    Strong Home Mortgage, LLC 2 5.69% $14,691
    The Federal Savings Bank 2 7.13% $16,962
    BECKAM FUNDING CORP. 2 7.25% $17,738
    TJC Mortgage, Inc. 2 5.94% $22,998
    Bank of the Pacific 2 5.63% $17,499
    UNITED MORTGAGE CORP 2 6.69% $20,996
    UNIVERSAL LENDING CORPORATION 2 6.37% $19,166
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 2 5.44% $19,899
    Encompass Lending Group, LP 1 7.13% $14,383
    Bank of America 1 6.88% $15,265
    MICHIGAN MUTUAL, INC. 1 6.25% $16,710
    AHL FUNDING 1 5.75% $9,699
    AXIA FINANCIAL, LLC 1 6.25% $20,845
    LENOX FINANCIAL MORTGAGE CORPORATION 1 5.50% $13,211
    LIBERTY HOME MORTGAGE CORPORATION 1 6.63% $18,239
    ONY GLO, INC. 1 6.25% $15,181
    Boeing Employees Credit Union 1 6.75% $16,104
    ALLIED MORTGAGE GROUP, INC. 1 6.25% $13,649
    NEW DAY FINANCIAL, LLC 1 7.50% $3,202
    VERITAS FUNDING, LLC 1 5.75% $33,137
    NETWORK CAPITAL FUNDING CORPORATION 1 7.00% $16,032
    ML Mortgage Corp. 1 6.38% $14,817
    TOP FLITE FINANCIAL, INC. 1 6.75% $24,655
    BAY-VALLEY MORTGAGE GROUP 1 5.25% $16,708
    Presidential Bank, FSB 1 6.25% $14,310
    NATIONWIDE MORTGAGE BANKERS, INC. 1 6.25% $15,872
    PREMIA MORTGAGE, LLC 1 5.88% $11,225
    Goldwater Bank, N.A. 1 6.25% $15,699
    JMAC LENDING, INC. 1 6.13% $22,299
    PULTE MORTGAGE LLC 1 6.25% $12,666
    Golden Empire Mortgage, Inc. 1 6.25% $15,918
    MORTGAGE CAPITAL PARTNERS, INC. 1 5.63% $22,745
    LADERA LENDING, INC. 1 6.25% $15,950
    FIRST COLONY MORTGAGE CORPORATION 1 6.25% $13,711
    PENTAGON FEDERAL CREDIT UNION 1 6.25% $13,376
    Leader Bank 1 7.13% $19,139

    The top Portland FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 508 FHA loans originated. Their average total fees are $18,290, which is $731 higher than the next largest lender, GUILD MORTGAGE COMPANY.

    The lowest fee Portland FHA lenders (with over 10 loans originated) are LAKEVIEW LOAN SERVICING, LLC ($9,674), VILLAGE CAPITAL MORTGAGE ($9,714), DHI MORTGAGE COMPANY, LTD. ($11,235), HOMEAMERICAN MORTGAGE CORPORATION ($11,938) and PRIMARY RESIDENTIAL MORTGAGE, INC. ($12,159).

    The lowest rate Portland FHA lenders (with over 10 loans originated) are HOMEAMERICAN MORTGAGE CORPORATION (4.62%), CLM MORTGAGE, INC (5.18%), DHI MORTGAGE COMPANY, LTD. (5.38%), EAGLE HOME MORTGAGE, LLC (5.48%) and South Pacific Financial Corporation (5.53%).

    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

    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).