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Maximum Loan Limits for 2022 – Conventional and FHA Programs

December 2, 2021rashtonBulletin

Conventional Loans

The Federal Housing Finance Agency (FHFA) has issued the following maximum first mortgage loan limits that will apply to conventional loans for acquisition by Fannie Mae / Freddie Mac with a note date on and after January 1, 2022.

2022 Conventional Loan Limits
Units Conforming Amount – Contiguous States and District of Columbia Conforming Amount –
Alaska and Hawaii
One $647,200 $970,800
Two $828,200 $1,243,050
Three $1,001,650 $1,502,475
Four $1,244,850 $1,867,275

The Carrington Pricing Engine has been updated to price and lock loans with the new higher conventional loan limits. To take advantage of the higher limits, CMS must fund and sell the loans to Fannie Mae/Freddie Mac on and after January 1, 2022 and loans will be conditioned so they cannot close until January 1, 2022 or after.

FHA Loans

For calendar year 2022, the Department of Housing and Urban Development (HUD) announced the following maximum first mortgage loan limits that will apply to FHA loans with case numbers assigned on and after January 1, 2022 through December 31, 2022:

2022 FHA Loan Limits
Units Low Cost Areas High Cost Areas Alaska and Hawaii
One $420,680 $970,800 $1,456,200
Two $538,650 $1,243,050 $1,864,575
Three $651,050 $1,502,475 $2,253,700
Four $809,150 $1,867,275 $2,800,900

Please Note: These new limits apply to FHA loans with case numbers assigned on and after January 1, 2022 through December 31, 2022. CMS will accept loan submissions with a 2022 higher loan amount and loans will be conditioned for the case information to be opened on or after January 1, 2022.  This may cause delays in ordering the appraisal as there will not be a case number for you to provide the appraiser until after the case is ordered.