The FHFA has increased conforming loans for 2022. According to FHFA, housing prices increased 18% on average in the last year, and the loan limit increase reflects those numbers, making it the largest ever limit increase. This limit has increased from $548,250 to $647,200 for single-unit homes, and to 970,800 for high-cost areas.
Total Lender Solutions operates in California, Texas, Nevada, Oregon, Arizona and Missouri. Lenders in these areas may immediately begin operating under new guidelines.
2022 FHFA Loan Limits in California
In California, FHFA loan limits are $647,200 for single-unit homes, $828,700 for two-unit homes, $1,001,650 for three-unit homes, and $1,244,850 for four-unit homes. In areas where the cost of living is high, conforming loan limits for single-unit homes are $970,800, for two-unit homes are $1,243,050, for three-unit homes are $1,502,475, and for four-unit homes are $1,867,275.
California has a high volume of high-cost counties. Counties considered high-cost are Alameda, Contra Costa, Los Angeles, Marin, Orange, San Benito, San Mateo, Santa Clara, and Santa Cruz. Additionally, counties El Dorado, Monterey, Napa, Placer, Sacramento, San Diego, San Luis Obispo, Santa Barbara, Sonoma, Ventura, and Yolo have different rates depending on the county. Search specific areas to learn more about the 2022 loan limit for each county.
2022 FHFA Loan Limits in Texas
In Texas, FHFA loan limits are $647,200 for single-unit homes, $828,700 for two-unit homes, $1,001,650 for three-unit homes, and $1,244,850 for four-unit homes. In Texas, there are no counties that are considered high-cost for the year of 2022.
2022 FHFA Loan Limits in Nevada
In Nevada, FHFA loan limits are $647,200 for single-unit homes, $828,700 for two-unit homes, $1,001,650 for three-unit homes, and $1,244,850 for four-unit homes. In Nevada, there are no counties that are considered high-cost for the year of 2022.
2022 FHFA Loan Limits in Oregon
In Oregon, FHFA loan limits are $647,200 for single-unit homes, $828,700 for two-unit homes, $1,001,650 for three-unit homes, and $1,244,850 for four-unit homes. In Oregon, there are no counties that are considered high-cost for the year of 2022.
2022 FHFA Loan Limits in Arizona
In Arizona, FHFA loan limits are $647,200 for single-unit homes, $828,700 for two-unit homes, $1,001,650 for three-unit homes, and $1,244,850 for four-unit homes. In Arizona, there are no counties that are considered high-cost for the year of 2022.
2022 FHFA Loan Limits in Missouri
In Missouri, FHFA loan limits are $647,200 for single-unit homes, $828,700 for two-unit homes, $1,001,650 for three-unit homes, and $1,244,850 for four-unit homes. In Missouri, there are no counties that are considered high-cost for the year of 2022.
Keep Your Team Educated About Foreclosure Law
At Total Lender Solutions, we advocate for lenders looking to maximize recoveries on defaulted loans. For over 15 years, our team of highly experienced real estate professionals and legal experts has transformed complicated processes into clear resolutions for institutional and private lenders. We work as a vigorous extension of your team to provide comprehensive solutions and seamless communication, from pre-foreclosure and notice of default to the final sale phase. Our dedication and persistence when it comes to the foreclosure process ensures that our clients feel confident in reaching a successful outcome. Contact us today.
