December 03, 2021

Bulletin 2021-107 2022 Conforming Loan Limits

2022 Conforming Loan Limits

The Federal Housing Finance Agency (FHFA) has announced the 2022 conforming and high-cost loan limits.

 

2022 Conforming Loan Limits

Units

Base Loan Limits (excludes Alaska and Hawaii)

Base Loan Limits in
Alaska and Hawaii

High-Cost Loan Limits
(excludes Alaska and Hawaii)

1

$647,200

$970,800

$970,800

2

$828,700

$1,243,050

$1,243,050

3

$1,001,650

$1,502,475

$1,502,475

4

$1,244,850

$1,867,275

$1,867,275

 

 

As a reminder, actual loan limits for certain high-cost areas, as determined by FHFA, may be lower than the maximum high-cost area limit. When originating High-Balance or Super Conforming mortgages, you must check the loan limits for the specific county where the property is located. There are no high-cost areas in Alaska and Hawaii.

 

Please note that the loan limit changes are for conforming loans only. Changes to FHA and VA loan limits will be announced in a separate communication.

 

Fannie Mae’s Desktop Underwriter

 

The 2022 loan limits will be applied to Desktop Underwriter (DU) loan submitted (or resubmitted) on or after the weekend of Dec. 4, 2021. Loans that are underwritten through DU prior to Dec. 4 that receive an Ineligible recommendation due only to exceeding the 2021 loan limit are allowed. The loan does not have to be resubmitted to DU if the loan amount complies with the applicable 2022 conforming loan limit. However, you may want to resubmit after the new loan limits are implemented in DU to potentially obtain more streamlined collateral valuation options.

 

Freddie Mac Loan Product Advisor

 

The 2022 loan limits will be applied to Loan Product Advisor (LPA) loan submitted (or resubmitted) on or after Dec. 5, 2021. Loans that are underwritten through LPA prior to Dec. 5 that receive an Ineligible recommendation due only to exceeding the 2021 loan limit are allowed. The loan does not have to be resubmitted to LPA if the loan amount complies with the applicable 2022 conforming loan limit. However, you may want to resubmit after the new loan limits are implemented in LPA to potentially obtain more streamlined collateral valuation options.

 

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