What is the maximum loan amount for a conventional mortgage in Oregon?

@ronaldo_von  The maximum loan amount for a conventional mortgage in Oregon, as well as in other states, is subject to loan limits set by the Federal Housing Finance Agency (FHFA). These limits are established annually and are based on changes in the average home prices.

As of 2022, the maximum loan limit for conventional mortgages in most counties across the United States is $647,200 for a single-family home. However, in certain high-cost areas, such as some counties in California, Hawaii, and the Northeast, the loan limits can be higher.

It's important to note that these loan limits apply to conforming conventional loans, which are mortgages that adhere to the guidelines set by Fannie Mae and Freddie Mac, two government-sponsored enterprises that buy and securitize mortgages. Loans that exceed the conforming loan limits are considered jumbo loans and may have different eligibility requirements and terms.

Since loan limits can change annually, it's advisable to check with a mortgage lender or consult the FHFA website for the most up-to-date information on loan limits in specific counties within Oregon. Additionally, individual lenders may have their own guidelines and restrictions regarding maximum loan amounts, so it's essential to discuss your options with a mortgage professional.

@ronaldo_von 

The information provided is accurate as of 2022. Please note that maximum loan limits can vary based on changes in the housing market and the specific location within Oregon. It is advisable to consult with a mortgage lender or financial advisor to get the most current and accurate information regarding the maximum loan amount for a conventional mortgage in Oregon.