FHFA Announces New Loan Limits for 2022 - Higher Increases in California

The Federal Housing Finance Agency (FHFA) announced the conforming loan limits (CLLs) for mortgages to be acquired by Fannie Mae and Freddie Mac in 2022. In most of the U.S., the 2022 CLL for one-unit properties will be $647,200, an increase of $98,950 from $548,250 in 2021. In several high-cost California counties the new ceiling loan limit will be at the maximum of $970,800. These counties include Alameda, Contra Costa, Los Angeles, Marin, Orange, San Benito, San Francisco, San Mateo, Santa Clara and Santa Cruz.

For areas in which 115 percent of the local median home value exceeds the baseline conforming loan limit, the applicable loan limit will be higher than the baseline loan limit. The high-cost area limit for those areas is established as a multiple of the area median home value, while setting a "ceiling" at 150 percent of the baseline limit. Median home values generally increased in high-cost areas in 2021, which increased their CLL. The new ceiling loan limit for one-unit properties will be $970,800, which is 150 percent of $647,200. Due to rising home values, the CLLs will be higher in all but four U.S. counties or county equivalents.

List of 2022 conforming loan limits for all counties and county-equivalent areas in the U.S.