Fannie Mae issued Lender Letter LL-2021-16 and Freddie Mac issued Bulletin 2021-36 (Bulletin) increasing the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac in 2022. The 2022 maximum loan limit for one-unit properties in most of the country increased to $647,200 (an increase from $548,250). In high-cost areas the maximum loan limit increased to $970,800 for one-unit properties (an increase from $822,375). Similar to 2021, there are no high-cost loan limits specific to Alaska, Hawaii, Guam or the U.S. Virgin Islands for 2022 (as there are no counties in these areas with loan limits higher than the applicable base conforming loan limits). The increased loan limits apply to loans that have funding or settlement dates on or after January 1, 2022.
Click to view the Fannie Mae Lender Letter LL-2021-16: https://www.tenaco.com/wp-content/uploads/2021/12/Fannie-Mae-Lender-Letter-LL-2021-16-12-01-21-1.pdf
Click to view the Freddie Mac Bulletin 2021-36: https://www.tenaco.com/wp-content/uploads/2021/12/Freddie-Mac-Guide-Bulletin-2021-36-12-01-21-1.pdf
