Tammie VanDeusen

For the sixth year in a row, the maximum conforming loan limits on mortgages to be acquired by Fannie Mae and Freddie Mac is set to increase. The Federal Housing Finance Agency (FHFA) announced this week that the conforming loan limit for Fannie and Freddie mortgages is increasing in almost every county in the country for 2022. According to the FHFA, the conforming loan limits for most of the U.S. will increase from $548,250 for 2021 to $647,200 for 2022. That’s an increase of nearly $100,000 increase ($98,950, to be exact) from 2021 to 2022. In 2020, the loan limit was $510,400, meaning loan limits have risen by more than $136,000 in two years. The 18.05% increase on loan limits from 2021 to 2022 is based on the FHFA home price index, which also showed a 18.05% increase in home prices from the third quarter of last year to the third quarter of this year. Under the Housing and Recovery Act of 2008, the limit on the size of mortgages Fannie and Freddie can purchase is dictated by the av...

  Thanks to home prices rising by more than 18% over the last year, the Federal Housing Administration loan limit will increase for almost the entire country in 2022. According to an announcement by the FHA, the 2022 loan limit for most of the country will be $420,680, an increase of more than $64,000 from  2021's loan limit of $356,362 . In 2020, the FHA loan limit was $331,760, meaning loan limits have increased by nearly $100,000 in two years. The FHA cited “robust house price appreciation” as the reason for the increase. Just like the  loan limits for Fannie Mae and Freddie Mac , the FHA loan limit is dictated by the Federal Housing Finance Agency Home Price Index, which showed an increase in home prices of 18.05% from the third quarter of 2020 to the third quarter of 2021. As a result, the FHA loan limit for 2022 is increasing by the same amount. The FHA loan limits will also be increasing in “high-cost” areas, including Los Angeles, San Francisco, New York City, and...