top of page

Transformation Advisory, LLC
DFWREAdvisors Group Blog

DFWREAdvisors Passion & Differentiation.jpeg

FHFA Increases Mortgage Loan Limits For 2022!

Home prices have been rising dramatically; according to the Federal Housing Finance Agency (FHFA) House Price Index Report. Between Q3 2020 and Q3 2021, home prices increased, on average, a whopping 18.05 percent.

For many home buyers, higher home prices means needing access to higher mortgages—and the FHFA is taking action to ensure those buyers get the mortgages they need to successfully purchase property.

The FHFA recently announced that conforming loan limits for Freddie Mac and Fannie Mae-backed mortgages have increased for 2022. In 2021, the limit for a conforming loan was $548,250; in 2022, the limit will be $647,200—an increase of $98,950. Conforming loan limits for high-cost areas, like San Francisco and New York, will also increase based on median home values in the area, capping out at $970,800 (150 percent of $647,200).

The Takeaway:

So, what does this mean for you? If you have been struggling to find a traditional loan to cover the cost of a home, these increasing limits could help you get the financing you need at a competitive rate—and make 2022 the year you finally get to buy your dream home.

FHFA Increases Mortgage Loan Limits For 2022!


bottom of page