FHA issued Mortgagee Letter 2021-29 to announce the home equity conversion mortgage (HECM) limits for 2022. The maximum claim amount for FHA-insured HECMs in 2022 will be $970,800 (an increase from $822,375). The maximum claim amount of $970,800 is also applicable to the special exception areas of Alaska, Hawaii, Guam, and the Virgin Islands. The HECM limits apply to HECMs with case numbers assigned on or after January 1, 2022.
Click to view the FHA Mortgagee Letter 2021-29: https://www.tenaco.com/wp-content/uploads/2021/12/FHA-Mortgage-Letter-2021-29-12-01-21.pdf
