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2022 Loan Limits Have Increased!

Luckily, loan limits are keeping pace with home price inflation.

Starting January 1, 2022, the new conforming loan limits will reach up to $647,200 in most of the U.S. and $970,800 in high–cost areas.


A loan limit is the maximum amount you can borrow under certain mortgage programs.

There is not just one loan limit, but many.

Conventional mortgages adhere to one set of loan limits, and FHA another, VA loans essentially did away with limits in 2020. In the world of conforming loans, Fannie Mae and Freddie Mac limit “borrowable” amounts to keep their nationwide programs available to those who need them. For instance, Fannie Mae doesn’t want a $10 million loan going through its system. That’s a lot of risk wrapped up in one transaction, and the agency would rather issue many smaller loans to many home buyers. Fortunately, loan limits are on the rise in 2022 to reflect rising home prices across the country.


If you have any questions or just want to chat, get in touch!


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