Qualified Home Loans

New Mortgage Loan Limits Set For 2022

Like last year, the limits are increasing again. While the FHFA’s official announcement isn’t until November, we have many lenders allowing us to use higher loan limits now.  Lenders are using $625,500 for one-unit properties as the standard balance and over $937,500 on high balance loan limits. An increase in the conforming loan limit means more homebuyers will be able to apply for conforming mortgages instead of “jumbo” loans, which are typically harder to qualify.


It was previously anticipated that the 2022 Conforming Loan Limits would increase to $625,000, however, the Federal Housing Finance Agency (FHFA) has recently announced that they are making even more changes and now the 2022 Baseline Conforming Loan Limit will be $647,200 instead! 😲

Contact us with any questions you have about the updated loan limits in your area, we’re here to help!