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

Table of Contents

What are the government loan limits in Coos County, OR?
What parts of Coos county are eligible for USDA loans?
Do I need flood insurance?
How do I learn about Property Taxes in Coos County
What is the median home price in Coos County, OR?
How many people live in Coos 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?
How to Buy a Home in Coos Coutny
About Coos County
Approved Condominium Projects in Coos County
How much of a loan can I qualify for, based on my income?


What are the Government loan limits in Coos 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).

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What parts of Coos County are eligible for USDA loans?

Most of Coos County is eligible for a USDA Rural Development home loan.
Eligible Zip Codes: 97411, 97414, 97420, 97423, 97449, 97458, 97459, 97466.

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Do I need flood insurance?

The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas. In Coos County, low elevation areas around Coos bay are prone to flooding, as well as its connecting rivers, creeks, and sloughs. Areas around the Coquille River are also prone to flooding. In addition, in the city of Lakeside, in the northern part of the county, areas around Ten Mile Lake are considered flood hazards.

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How do I learn about Property Taxes in Coos County?

Steve Jansen is the Coos county tax assessor. His office is located at 250 North Baxter Coquille, Oregon 97423, can be reached by calling (541) 396-7901.

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What is the median home price in Coos County, OR?

As of August 31st, 2020, the median home value for Coos County is $235,398. In addition, the median household income for residents of the county is $43,308.

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How many people live in Coos County?

As of 2019, Coos County’s population is 64,487 which includes 7,454 veterans. Demographically speaking, 85% of the population is White, with 6% Hispanic, and 4% mixed race.

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What are the major cities?

The county has seven cities, including the city of Coquille, which serves as the county seat. Other cities within the county include Bandon, Coos Bay, Lakeside, Myrtle Point, North Bend, and Powers.

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

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

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

The seller must pay 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.

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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.

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How 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.
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How to Buy a Home in Coos County

Are you interested in buying a home in Coos 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 Coos 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 Coos 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 Coos 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!

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About Coos County

Named after the original inhabitants of the area, Coos county was established in 1853. It was also one of the locations that famous explorers Lewis and Clark reached during their expedition. Originally the county seat was at Empire City, the area where the first European settlement was established but a vote by citizens moved the county seat to Coquille in 1896.

Today, the county’s economy depends on its tourism, forestry, and agriculture industries. However, the biggest employment industries are healthcare, retail, and educational services. Hence, the most common occupations for residents in the county are administrative work, management, and sales.

The county is also a member of the South Coast Development Council which offers businesses in enterprise zones on the Southern Oregon Coast the ability to apply for at least three years of 100% abatement on local property taxes. In addition, businesses that make a significant investment into bringing well-paying jobs into the area can apply property tax exemptions for up to 15 years.

When it comes to education, the county is served by 23 public schools divided into six school districts offering education for students pre-K to 12th grade. The county is also home to Southwestern Oregon Community College which offers two-year associate degrees.

Finally, the county is also home to the Coquille Valley historical society and the Coquille valley museum which features exhibits, and photographs that depict the local history of the region. Moreover, the county is home to a rich art culture with institutions like the Sawdust Theatre and the Old City Hall, the latter of which features art created by prisoners.  

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 Coos County

There are no condos in Coos County that are approved by the FHA and the VA. However, if you’re looking for a condo in that area, give us a call (877-432-5626) and we can help you start the condo approval process.

Find the Home of Your Dreams in Coos County

Contact FedHome Loan Centers to be matched with a licensed real estate agent.

Easily find the perfect home or condo with FedHome Loan Centers!

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