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FHA loans in Gresham, OR

Quick answer

The 2026 FHA loan limit in Gresham, OR (Multnomah County) is $701,500 for a single-family home, enough for a purchase price up to about $726,000 with 3.5% down. On the $440,000 median home value, that down payment is about $15,400 and the estimated payment is $3,509/month at 7.18%, which needs roughly $151,000 a year in income.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsData last updated

Median household income: $73,608; value-to-income ratio 5.98. Gresham ranks 29 by home value and 4 by population among 68 places in our OR dataset.

What does an FHA loan cost on a typical Gresham home?

ItemGresham
Median home value (Census ACS)$440,000
Oregon median home value$454,200
Down payment (3.5%)$15,400
Loan incl. 1.75% upfront MIP$432,031
Estimated monthly payment (PITI + MI)$3,509
Income needed (28% / 36%)$151,000 / $117,000
Multnomah County 2026 FHA limit (1 unit)$701,500
Max purchase price at the limit$726,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Payment includes Oregon's 0.83% effective property tax rate (Census ACS), $1,003/yr homeowners insurance (NAIC state average) and 0.55% annual FHA MIP.

What is the 2026 FHA loan limit in Gresham?

Gresham is in Multnomah County where HUD's 2026 one-unit FHA limit is $701,500. With the minimum 3.5% down, that caps the purchase price at about $726,000; above that you'd need a bigger down payment or a conventional loan (conforming limit $832,750).

The Gresham median home value of $440,000 is 3% below the Oregon median, and within what the county limit supports.

Which down payment assistance programs can Gresham buyers use?

No applicable programs have been verified for this city yet. Check the state housing finance agency for current assistance.

FHA loans in nearby cities

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FHA loan FAQs for Gresham

Gresham is in Multnomah County, where HUD's 2026 FHA limit for a one-unit home is $701,500. With 3.5% down, that supports a purchase price up to about $726,000.

3.5% of $440,000 is about $15,400 with a 580+ credit score (10%, or $44,000, with a 500–579 score), plus closing costs.

At the $440,000 median value (close to the Oregon median of $454,200), the estimated payment of $3,509/month at 7.18% needs about $151,000 a year under the 28% housing guideline, or $117,000 if your total debts stay under 36%.

0 city-level, 0 county-level and 0 statewide programs are verified for this city (0 total). Check each official administrator's eligibility rules and available funds.

Sources

Data last updated October 23, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.