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2022 Conforming Loan Limits for mortgages to be acquired by Fannie Mae and Freddie Mac took a big jump to $647,200, an increase of $98,950 from $548,250 in 2021. But that’s just the national baseline. 2022 High Balance loan limit ceiling in some high-cost counties for one-unit properties will be $970,800, a big jump from $822,375 in 2021.

Here’s a map showing 2022 Conforming Limits across the U.S.

2022 Conforming Loan Limits Map

As you can see from the map above all the counties in the US will have a minimum (baseline) loan limit of $647,200. Some high-cost counties will have loan limits ranging from $647,201 to as high as $970,800 for one-unit properties.

Why did 2022 Conforming Loan Limits take such a big jump?

The Housing and Economic Recovery Act (HERA) requires that the baseline conforming loan limits (CLL) for Fannie And Freddie be adjusted each year to reflect the change in the average U.S. home price. According to the nominal, seasonally adjusted, expanded-data, Federal Housing Finance Agency House Price Index (FHFA HPI), house prices increased 18.05 percent, on average, between the third quarters of 2020 and 2021. Therefore, the baseline CLL in 2022 will increase by the same percentage.

2022 Baseline Loan Limits2022 High Balance Ceiling
1-Unit$647,200$970,800
2-Units$828,700$1,243,050
3-Units$1,001,650$1,502,475
4-Units$1,244,850$1,867,275

What do 2022 Conforming Loan Limits mean for you?

This means that if you are a first-time homebuyer, you may be able to purchase a house up to $667,000 with only 3% down. Even if you are not a first-time homebuyer, you will be able to purchase a house up to $681,000 with only 5% down.

In high-cost areas, like several counties in California, you will be able to buy a home up to $1,021,000 with only a 5% down payment. This is assuming you qualify on all other loan parameters and requirements.

These limits/ceilings are for 1-unit properties like Single Family Residences, Townhomes, and Condominiums. If you’re buying a multi-unit home, the loan amounts can be much higher as you can see from the table above.