Making Finances Simple. Changing Lives.
Fannie Mae & Freddie Mac have conducted their annual home price and loan limit review. See below for changes in conventional loan limits…
Conforming loan limits are going from 2022’s cap of $647,200 up to $726,200.
“High Balance” loan amount ceilings will be moving up from $970,800 to $1,089,300.
The above loan amounts are for one-unit residential homes. Multi-unit loan amounts vary.
Increases in loan limits allows more borrowers to fit into conforming loans with better rates, more flexible guidelines, lower down payment requirements, and lower costs.
Feel free to contact us with questions regarding your specific home loan needs…we’re happy to help!