Industry News

Courtesy of Academy Mortgage

Big Changes Coming for Loan Limits in 2022!

  • Dec 1, 2021

A couple of big announcements this week from the Federal Housing Finance Agency (FHFA) and the Federal Housing Authority (FSA) that could help more families purchase homes in 2022.

Both organizations announced increased conforming loan limits for any mortgages acquired by Fannie Mae and Freddie Mac in 2022. The increases come as housing prices increased 18%, on average, between the third quarters of 2020 and 2021, according to the latest data provided by the FHFA.

Throughout most of the United States, the conforming loan limits for one-unit properties will be $647,200 – an increase from $548,250 in 2021. Some areas will have conforming limits exceeding 1 million! These areas are typically in high-cost areas including Alaska, Hawaii, Guam, and the U.S. Virgin Islands where housing and construction costs are generally higher compared to the national average.

FHA’s nationwide mortgage limit for one-unit properties will be $420,680. Again, the limits in high-cost areas will be higher to mirror trends of increasing home prices and construction costs. We’ve outlined the loan limits in the table below.


Source: The Federal Housing Finance Agency (FHFA) and the Federal Housing Authority (FSA). MAC1222-1478284


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