FHFA Boosts Conforming Loan Limits for 2022

Housing Finance
Published
Contact: Curtis Milton
[email protected]
Director, Single Family Finance
(202) 266-8597

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.

Subscribe to NAHBNow

Log in or create account to subscribe to notifications of new posts.

Log in to subscribe

Latest from NAHBNow

PWB Week | Professional Women in Building Council

Sep 15, 2025

The Impact of the Professional Women in Building Leadership Grant

Professional Women in Building's annual scholarhsip programs provide students and emerging professionals with the resources, support and opportunities they need to thrive and lead the housing industry.

Associate Members Committee | Awards

Sep 15, 2025

Associate Award Winners Share Meaning Behind Their Win

NAHB is excited to award two of the association's top Associate contributors each year for their achievements. Two previous winners reflect on their experiences.

View all

Latest Economic News

Economics

Sep 12, 2025

Household Real Estate Asset Values Reach New High

The market value of household real estate assets rose to $49.3 trillion in the second quarter of 2025, according to the most recent release of U.S. Federal Reserve Z.1 Financial Accounts. The value rose by 2.7% from the first quarter and is 1.1% higher than a year ago. This measure of market value estimates the value of all owner-occupied real estate nationwide.

Economics

Sep 11, 2025

Parking Trends in Newly Completed Single-Family Homes, 2024

In 2024, 65% of newly completed single-family homes featured two-car garages, according to NAHB’s analysis of the Census’s Survey of Construction data. The share of new homes with three or more car garages stood at 15%, continuing a downward trend from its peak of 24% in 2015 and decreasing 2 percentage points from 2023.

Economics

Sep 10, 2025

Year-over-Year Building Material Price Growth Advances

Price growth for residential building materials rose for the fourth straight month in August, reaching its highest level since January 2023. Across domestic inputs goods and services into residential construction, service prices decreased in August while goods prices slightly advanced.