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
Sep 04, 2025
Open Construction Jobs Rise in JulyRunning counter to the national trend, the number of open construction sector jobs increased from a revised 242,000 level in June to 306,000 in July.
Sep 03, 2025
Project Funding Crisis: How Top Builders Secure Money When Others Can'tRelying solely on a traditional lender is risky in today’s environment. Smart builders line up more than one source of funding. That way, projects stay on track, crews keep working, and reputations stay solid.
Latest Economic News
Sep 03, 2025
Open Construction Jobs Rise in JulyThe count of open, unfilled positions in the construction industry increased in July, per the June Bureau of Labor Statistics Job Openings and Labor Turnover Survey (JOLTS) as the national labor market cooled.
Sep 03, 2025
House Price Appreciation by State and Metro Area: Second Quarter 2025House price growth continued to slow in the second quarter of 2025, as the housing market faces mounting pressure from high mortgage rates, elevated inventory, and persistent economic uncertainty.
Sep 02, 2025
June Private Residential Construction Spending Edges HigherPrivate residential construction spending inched up 0.1% in June, registering the first monthly gain after six consecutive declines.