Tag: Portland Financing

Portland Real Estate Appraisal Brief – Wednesday, December 3, 2025: FHFA Raises 2026 Conforming Loan Limit to $832,750

FHFA raises the 2026 conforming loan limit to $832,750. In Q3 2025 alone, 99 Portland-area sales (70 conventionally financed) closed $806,501–$832,750 and will now avoid jumbo status.

Picture of Constitution Center (400 7th Street SW, Washington, D.C.) – headquarters of the Federal Housing Finance Agency (FHFA).
Constitution Center (400 7th Street SW, Washington, D.C.) – headquarters of the Federal Housing Finance Agency (FHFA).
Photo: Ajay Suresh via Wikimedia Commons (CC BY 2.0)

FHFA Announces 2026 Conforming Loan Limit Adjustments

The Federal Housing Finance Agency (FHFA) has released its annual conforming loan limit values for 2026, effective January 1 for mortgages acquired by Fannie Mae and Freddie Mac. The baseline limit for one-unit properties increases to $832,750 — up $26,250 from the 2025 figure of $806,500 — reflecting a 3.26% rise in the national House Price Index from the third quarter of 2024 to the third quarter of 2025.

All counties in Oregon and the Portland-Vancouver-Hillsboro MSA remain at the baseline limit; no high-cost ceiling applies in our region.

FHFA Interactive Map

Appraisal Implications for the Portland Region

In Q3 2025 alone, 99 residential properties in the six-county region closed between $806,501 and $832,750. Of those, 70 were financed conventionally — transactions that would have required jumbo terms in 2025 but will now stay fully conforming in 2026.

Across the full quarter (4,682 total SFR detached-class closings):

  • 85.48 % (4,002 sales) closed under $900,000
  • Only 14.52 % (680 sales) closed at or above $900,000
  • The single busiest upper-tier band was $800,000 – $899,999 with 367 sales

Market Context from Q3 2025 Actual Sales

Price Band# of Sales% of Total MarketAvg Close PriceAvg CDOM
$800k– $899k3677.84 %$847,31351 days
$806,501 – $832,750992.11 %$820,86449 days
≥ $900k68014.52 %≈ $1,340,000+72+ days

For appraisers, lenders, realtors, estate planners, and attorneys, the 2026’s higher limit removes friction from one of the region’s most active price segments and keeps 85+% of transactions comfortably conforming.

Sources & Further Reading

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