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New 2022 conforming loan limits announced

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ShanetheMortgageMan
Super Contributor

New 2022 conforming loan limits announced

Fannie Mae loan limits are increasing in 2022. The new loan limit for most of the country will be $647,200 — an 18.05% increase over the 2021 limit.  Loan limits increased for all but 16 counties across the country.  This means anywhere in the U.S. a mortgage loan amount up to $647,200 will be eligible for Fannie Mae or Freddie Mac financing and in high cost counties it'll go even higher than that.

 

 

Screenshot 2021-11-30 094605.png

 

 

County loan lookup table (Excel document): https://singlefamily.fanniemae.com/media/6796

Loan limit map: https://www.fhfa.gov/DataTools/Tools/Pages/Conforming-Loan-Limits-Map.aspx

How are loan limits determined?: https://www.fhfa.gov/DataTools/Downloads/Documents/Conforming-Loan-Limits/CLLAddendum_CY2022.pdf

Eventually you'll also be able to look them up at: https://entp.hud.gov/idapp/html/hicostlook.cfm (the website should add them within the next few days, if history is any indication)

 

FHA loan limits are separate from conforming loan limits and I expect they will be announced within the next week or so.

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Mortgage Loan Officer located in Southern California and lending in all 50 states
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ShanetheMortgageMan
Super Contributor

Re: New 2022 conforming loan limits announced

If my math is correct the new 2022 base FHA loan limit should be $420,680 (and higher in high cost counties).

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Mortgage Loan Officer located in Southern California and lending in all 50 states
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ShanetheMortgageMan
Super Contributor

Re: New 2022 conforming loan limits announced

The 2022 FHA loan limits have now been announced, announcement details in Mortgagee Letter 2021-28 and you can now search for them county by county via https://entp.hud.gov/idapp/html/hicostlook.cfm.

 

Screenshot 2021-11-30 155554.png

 

Free Mortgage Advice & Pre-Approvals (FHA, VA, USDA, Fannie, Freddie, Non-Prime, Construction, Renovation/Rehab, Commercial) since 2002
Mortgage Loan Officer located in Southern California and lending in all 50 states
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