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Conventional Conforming loan limits now up to $625,000

Higher Conforming Loan Limits for 2022

FHFA Announces Higher Loan Limits for 2022

As the result of a higher average U.S. home price in 2021, the Federal Housing Finance Agency (FHFA) has announced new, higher maximum conforming loan limits for 2022.

In most areas of the country, the 2022 maximum loan amount for one-unit properties will be $625,000, an increase from $548,250 in 2021.  In high-cost areas, the maximum high balance loan limit is still $822,375. No announcement has been made for 2022 as of now.

Loan limits may vary by county. Click here for a list and map of maximum loan limits for all counties and county-equivalent areas in the U.S.

 

2022 Conforming Loan Limit Sample:

   2022 Conforming Loan Limit   

   Maximum Sales Price   

   Down Payment Amount   

$625,000

$644,329

3%

$625,000

$781,250

20%

 

2021 High Balance Loan Limit Sample:

   2021 High Balance Loan Limit   

   Maximum Sales Price    

   Down Payment Amount   

$822,375

$865,657

5%

$822,375

$1,027,968

20%

 

Contact your mortgage consultant directly if you have questions on local limits or other home financing options.

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