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Baker County, Oregon FHA, VA, and USDA Loan Information

Table of Contents

-How to Buy a Home in Baker County
-What are the government loan limits in Baker County, OR?
-What parts of Baker County are eligible for USDA loans?
-Do I need flood insurance?
-How do I learn about Property Taxes in Baker County
-What is the median home price in Baker County, OR?
-How many people live in Baker County?
-What are the major cities?
-How do I see FHA- and VA-Approved homes for sale?
-Is there a cost to have a real estate agent represent me?
-What closing costs do I need?
-How can I get assistance with closing costs?
-About Baker County
-How much of a loan can I qualify for, based on my income?
-Approved Condominium Projects in Baker County

How to Purchase a Home in Baker County

Are you interested in buying a home in Baker County? This is a step by step guide to all the ins and outs of the homebuying process. For more detail about FHA loans, be sure to check out our complete guide. We also have an in-depth guide to VA loans and the USDA’s Rural Development home loan program.
For now, let’s look at the basic steps to buying a home – and what you’ll have to look out for in Baker County.

  1. Get in touch with a loan officer – give us a call at 877-432-5626 We can help you figure out what type of loan you might qualify for. Programs through the VA, USDA, and FHA allow you to buy a home with a small down payment – or no down payment at all. We will also check your credit and income to see how much of a loan you can qualify for. When we do this, we do a “soft pull” on your credit. This is different from an official credit inquiry and won’t hurt your credit score.
  2. Compare loan offers. Either call us or fill out the form on this page.
  3. Give your Loan Officer the information they need to find you a loan For a purchase loan or cash-out refinance:
    • Your ID
    • Previous two years of W2s
    • Most recent 30 days paystubs
    • Most recent 60 days bank statements
    • Landlord and HR/Payroll Department contact info
      For a refinance loan, you will also need information on the loan you want to refinance.
  4. Compare Loan offers Compare the interest rates and APRS – but keep in mind that the fixed- and adjustable-rate mortgages are apples and oranges. Use the Loan Estimate to compare the true costs of each loan, both month-to-month and over the life of the mortgage.
  5. Find a home Get connected with a FedHome Loan Centers Real Estate Agent. Once you meet with them to talk about your wants and needs, you can sign up for the property search feed. This will give you alerts about homes for sale in Baker County. Now you’re ready to preview properties and start touring homes.
  6. Make an offer and negotiate the terms of the sale
  7. Get the necessary and recommended inspections Required Inspections:
    • Termite Inspection
    • Well or septic inspections, if applicable
    • We can help you check if your home is in one of the Baker County flood hazard areas.
      Recommended Inspections:
      Home Inspection, Roof Inspection, Sewer Inspection
  8. Get the home appraised Construction loans require a construction appraisal and permit approval
  9. Lock in your interest rate Pro Tip: Wait until the appraisal to lock in your loan rates. If it turns out you need to make repairs, it can push the closing back. Then you run the risk of losing that rate or having to pay an extension fee.
  10. Close the deal and get packing! You’re ready to go!


What are the Loan Limits for Baker County?

  • FHA Loan Limit $331,760 (Single family residence) / $424,800 (Duplex) / $513,450 (Triplex) / $638,100 (Fourplex)
  • USDA Loan Limit $265,400
  • VA Home Loan Limit $0 down up to $3,000,000 / 2 open VA loans at one time $510,400 *(Call 877-432-5626 for details).

What Parts of Baker County are eligible for USDA Loans?

  • Most of Baker County is eligible for a USDA Rural Development home loan.
  • Eligible Zip Codes: 97814, 97833, 97834, 97837, 97840, 97870, 97877, 97884, 97905, 97907.

Do I need Flood Insurance?

  • The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas.
  • There is no digital data about Baker county flood hazard areas in the FEMA Flood Map Service Center.

How do I learn about Property Taxes in Baker County?

  • The Baker county tax assessor’s office is located at 1995 Third, Suite #130 Baker City, Oregon 97814, and can be reached by calling (541) 523-8203.
  • The state of Oregon offers businesses that invest and hire in enterprise zones the option to be exempt from property taxes for at least three years. In addition, the Oregon Investment Advantage program encourages new businesses that are starting as well as the ones who are relocating to the state with various incentives. For example, the program offers income tax subtraction and elimination of state income liability for new businesses for many years.

What is the Median Home Price in Baker County?

As of August 31st, 2020, the median home value for Baker County is $179,305. In addition, the median household income for residents of the county is $43,921.

How many people live in Baker County?

As of 2019, Baker County’s population is 16,124 which includes about 1,929 veterans. Moreover, demographically speaking, 90% of the population is White, with 4% Hispanic, and 3% Mixed Race.

What are the major cities?

The county has eight cities, with Baker City serving as the county seat. The other cities in the county are Greenhorn, Haines, Halfway, Huntington, Richland, Sumpter, and Unity

How do I see FHA- and VA-Approved homes for sale?

You can view all of the properties available for sale in Baker County through the Multiple Listing Service. You can also see approved condos at the bottom of this page.

Is there a cost to have a real estate agent represent me?

The seller must pay the real estate professionals’ commission, not the buyer. This means that, as a homebuyer, there is no cost to have a real estate agent represent you. In fact, it’s a good idea to get your own agent in order to have someone in your corner during the negotiation process. For more information about real estate agents, click here.

What closing costs do I need?

For FHA loans, closing costs can end up being 3-4% of the loan amount. These costs include origination fees from the lender, any discount points purchased for a better interest rate, and pre-paid items like insurance and taxes.

Can I get assistance with closing costs?

There are several ways to reduce the amount you have to pay at closing. One way is to get down payment assistance. The FHA’s Within Reach program provides grants to help low- and middle-income families with their down payment.

About Baker County

Established in 1862, the county was named in honor of Colonel Edward D. Baker, a Union Officer and close friend of President Lincoln who was also the only member of congress to die during the Civil War. At the time of its establishment the county was just a rest area for people making their way west. However, once gold was discovered, it became one of the Northwest’s largest gold producers.

Today, the county is home to the world’s deepest gorge in Hells Canyon, and a beautiful natural scenery.

Economically speaking, the county’s farming, ranching, logging, and recreational industries make up its economic base. The biggest employment industries in the county are Healthcare, retail trade, and forestry. Hence, the most common occupations for residents are office, management, and production occupations.

In addition to its already established industries, the county has created the Baker County Economic Development. The goal of the program is to help entrepreneurs start and expand their businesses within the county. These goals are attained by providing one-on-one business consultations, government contracting, website developing, and economic/ financial assistance.

When it comes to education, the county is served by the Baker School and the Pine Eagle School Districts. Both of which provide education for students ranging from kindergarten to 12th

Finally, the county is also home to a multiple recreational area like Sumpter Gold Dredge Park, Anthony Lakes Ski Resort, and Eagle Cap Wilderness. There are also numerous historic buildings within the county like the Geiser Grand Hotel, the Baker City Historic District, and the various ghost town for those who are brave enough.      

How much of a loan can I qualify for, based on my income?

Monthly Income Purchase Price
$2,628.90 $195,175.91
$2,832.00 $210,254.55
$3,181.50 $236,202.27
$3,612.00 $268,163.64
$3,985.50 $295,893.18
$4,361.10 $323,778.64
$4,971.90 $369,125.91
$5,761.50 $427,747.73
$6,892.20 $520,625.00
$5,199.60 $368,791.82
$5,743.80 $408,815.91
$6,249.90 $450,287.73
$6,998.10 $501,960.45
$9,776.70 $725,845.91
$5,568.00 $413,381.82
$6,574.80 $488,129.09
$7,569.60 $561,985.45
$5,141.40 $381,710.00
$6,345.30 $471,090.45
$7,639.80 $567,197.27
$8,360.10 $620,674.09
$9,260.70 $687,536.82
$10,095.30 $749,499.55
$12,165.00 $903,159.09
$13,929.60 $1,034,167.27
$17,511.00 $1,300,059.09
$18,406.80 $1,366,506.06

Purchase Price subject to credit and income evaluation. 

Approved Condos in Baker County

Currently there are not VA or FHA approved condos in Baker County. However, if you’d like to get a condo approved, we can help you through the approval process. Contact us at (877) 432-5626.

Find the Perfect Home in Baker County Today

If you would like to be matched with a licensed real estate agent, contact FedHome Loan Centers today.

For a list of great condos available in the county, contact FedHome Loan Centers.