In most of the United States, Conforming Loan Limit for one-unit properties for 2023 will be $726,200, an increase of $79,000 from $647,200 in 2022. The new high balance loan limit for high cost counties one-unit properties will be $1,089,300, up from $970,800 in 2022. Conforming loans are acquired by and conforms to the guidelines set by Fannie Mae and Freddie Mac. Similarly, FHA’s “floor” and “ceiling” loan limits will increase from $420,680 and $970,800 in 2022 to $472,030 and $1,089,300 in 2023, respectively, for a one-unit property. What Does 2023 Conforming Loan…continue reading →
