FHFA Boosts Conforming Loan Limits for 2022
The Federal Housing Finance Agency (FHFA) today announced that the maximum baseline conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2022 will rise to $647,200 — an increase of $98,950 from $548,250 in 2021.
The conforming loan limits are required by the Housing and Economic Recovery Act (HERA) to reflect the percentage change in the average U.S. home price during the most recent 12-month or 4-quarter period ending before the time of determining the annual adjustment.
In 2022, the conforming loan limit will rise 18.05% because FHFA has determined that the average U.S. home value increased by that amount between the third quarters of 2020 and 2021.
Higher loan limits will be in effect in higher-cost areas as well. The new ceiling loan limit in high-cost markets will be $970,800. The previous ceiling was $822,375.
“These increases are an important step to ensure that government-backed mortgages keep pace with the sharp rise in home prices over the past year,” said NAHB Chief Economist Robert Dietz. “Supply-side challenges — including building material bottlenecks and lot and labor shortages — will continue to place upward pressure on construction costs and home prices in 2022.”
A list of the 2022 maximum conforming loan limits for all counties and county-equivalent areas in the country may be found under resources.
In its news release, FHFA said that due to rising home values, the ceiling loan limits will be higher in all but four U.S. counties or county equivalents in 2022.
For additional information, contact Curtis Milton at 800-368-5242 x8597.
Latest from NAHBNow
Economics
Jan 29, 2026
Fed Hits Pause on Easing as Inflation and Labor Risks BalanceThe Federal Reserve paused its easing cycle at the January meeting of the Federal Open Market Committee and held the short-term federal funds rate at a top rate of 3.75%.
Member Benefits | Membership
Jan 28, 2026
NAHB Expands Member Savings Program with New Partners and Big Benefits in 2026NAHB members saved a total of more than $40 million in 2025 through a variety of member-exclusive offers. And in 2026, the portfolio of partners and programs within the NAHB Member Savings Program continues to grow.
Latest Economic News
Economics
Jan 28, 2026
Holding Pattern for the FedThe Fed paused its easing cycle at the conclusion of the January meeting of the Federal Open Market Committee, the central bank’s monetary policy body. The Fed held the short-term federal funds rate at a top rate of 3.75%, the level set in December. This marked the first policy pause since the Fed resumed easing in September of last year.
Economics
Jan 27, 2026
State-Level Employment Situation: December 2025With few exceptions, year-over-year nonfarm employment levels were relatively stable across states at the end of 2025, ranging from a decline of 4.2 percent to a gain of 1.8 percent. Construction employment, however, showed considerably greater dispersion, with declines of up to 9.3 percent in some states and gains approaching 9.0 percent in others.
Economics
Jan 26, 2026
Pool Permitting Falls Lower in 2025After a rapid expansion of residential swimming pool and spa construction following the pandemic, permit levels in the latest monthly index for December fell to their lowest level since 2020.