Sorry for the late post on this topic. As of October 1st, 2011 FHA loan limits for most areas of the country have declined as a result of expiration of stimulus legislation. Currently, the FHA loan limit for a single family residence in the Tri-county area (Portland, OR) is $362,250. This figure can adjust as of Janaury 1st, 2012 but barring any new legislation I wouldn’t expect it to. You can use THIS LINK to check the FHA loan limits for other areas.