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Crook County, Oregon FHA, VA, USDA Loan Information

Table of Contents

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

FAQ

What are the Government loan limits in Crook 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 Crook County are eligible for USDA loans?

All of Crook County is eligible for a USDA Rural Development home loan.
Eligible Zip Codes: 97751, 97752, 97753, 97754.

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Do I need flood insurance?

The FHA, USDA, and VA all require flood insurance in Special Flood Hazard Areas. In Crook County, the most significant Flood hazard areas are low elevation areas around the Crooked River, which crosses through the city of Prineville. Many other creeks exist within the county but they rarely see any flooding around them.

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How do I learn about Property Taxes in Crook County?

The Crook county tax assessor’s office is located at 200 NE 2nd Street #200 Prineville, Oregon, 97754. In addition, the office can also be reached by calling (541) 447-4133.


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

As of August 31st, 2020, the median home value for Crook County is $280,973. In addition, the median household income for residents of the county is $44,524.

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How many people live in Crook County?

As of 2019, Crook County’s population is 24,404 which has grown about 16% in the last decade. Moreover, demographically speaking, 88% of the population is White, with 7% Hispanic, and 2% mixed race.

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What are the major cities?

The county has only one city, the city of Prineville, which is also the county seat.

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

You can view all of the properties available for sale in Crook 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 Crook County

Are you interested in buying a home in Crook 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 Crook 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 Crook 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 Crook 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 Crook County

Established in 1882, Crook county was at one time home to the Northern Paiute tribe which lived in the area for hundreds of years before European arrival. The county was named after Major General George Crook, a veteran of various battles with indigenous people from eastern Oregon.

Prineville, the county seat, is a member of the Economic Development of Central Oregon which aids businesses in the area with business financing, incentives, local area business resources, and problem-solving. Incentives offered include tax abatement, workforce training, and fee reductions among many more. 

Today, the county’s economy depends on the forestry, agriculture, trade, manufacturing, and recreation industries. However, the biggest employment industries in the county are healthcare, retail, and manufacturing. Hence, the most common types of employment for residents of the county are administrative support, sales, and production.

When it comes to education, Crook county is served by the Crook County School District which has five schools and about 2,942 students pre-K to 12th grade on average. 

Finally, in addition to its economy and educational institutions, the county is also home to beautiful recreational areas like Crooked River Canyon, the Ochoco Mountains, and the Prineville & Ochoco Reservoirs. 

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 Crook County

Crook County has no VA or FHA approved condos. However, if you’re looking to buy property or a condo in that area, give us a call (877-432-5626) and we can help you start the process.

Take the First Step towards Owning a Home Crook County

Complete a quick and easy home loan application with Federal Home Loan Centers today!

Contact Federal Home Loan Centers for a list of great homes available in the county.

Make your condo search easy with the help of Federal Home Loan Centers.