2023 Conforming Loan Limits

Mortgage and Lending with George Souto NMLS #65149 FHA, CHFA, VA Mortgages NMLS #65149

Hot Off The Press!!!

It’s official!  The conforming loan limit for 2023 will be $726,200, which is $79,000 higher than 2022. The ceiling for one-unit properties in high-cost areas will be $1,089,300 in 2023.   This marks the first time the government will officially be in the market for mortgages above $1 million!!!


Posted by

George Souto
NMLS# 65149

C (860) 573-1308
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Fax (860) 760-6891

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About Me
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I am a Mortgage Loan Officer who can assist you with all your mortgage & refinancing needs in
CT, and RI

I can assist you with your Conventional,
FHA, CHFA, VA, USDA, & 203K loan programs.

I reside in Middlesex County which includes Middletown, Middlefield, Durham, Cromwell, Portland, Haddam. E. Haddam, Higganum, Chester, Essex, Deep River.


Comments (17)

Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

Good evening George,

This is indeed good news to share. Our prices have gone up so much higher this will really help. Did you ever think the government would be in the business of handling mortgages over a $1 million????

Nov 29, 2022 02:58 PM
Emily Medvec
eXp Realty LLC - Santa Fe, NM
Broker | Realtor | Serving Santa Fe & Northern NM

Wow! George, thanks for the update. Now some homework for me to do to see what the numbers will be in Santa Fe NM. 

Nov 29, 2022 05:07 PM
Paddy Deighan MBA JD PhD
http://www.medicalandspaconsulting.com - Vail, CO
Paddy Deighan J.D. Ph.D

Nice to hear some GOOD news on mortgage rates for a change!

Nov 29, 2022 07:15 PM
Jeff Dowler, CRS
eXp Realty of California, Inc. - Carlsbad, CA
The Southern California Relocation Dude

Thanks for the mortgage update, George. It certainly is a reflection of prices in my area, and others!


Nov 29, 2022 07:46 PM
Kimo Jarrett
Cyber Properties - Huntington Beach, CA
Pro Lifestyle Solutions

Thanks for sharing this information. These limits also apply to reverse mortgages too, doesn't it? 

Nov 29, 2022 09:42 PM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning George. Change is not necessarily a bad thing. In fact, sometimes what sounds bad is actually good. Enjoy your day.

Nov 30, 2022 04:44 AM
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

Thanks for the update, George. It seems like only yesterday that the conforming loan limit was just over $500,000.

Nov 30, 2022 05:21 AM
Brian England
Ambrose Realty Management LLC - Gilbert, AZ
MBA, GRI, REALTOR® Real Estate in East Valley AZ

It's crazy to see how high prices of everything have gone up recently, the world is becoming unaffordable, haha.

Nov 30, 2022 05:38 AM
John Juarez
The Medford Real Estate Team - Fremont, CA

I can remember when, in a group meeting, an agent was talking about her new listing and said, "Can you believe the homes in the area where this home is are listing for $300,000?!"

That is now a $1,000,000+ neighborhood!

Fannie Mae and Freddie Mac are guided by home values for the establishment of their loan limits. Will the growth ever stop?

Nov 30, 2022 11:00 AM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

That's important news, George.  That limit is substantially above what it was when I first began selling real estate in 1981.

Nov 30, 2022 11:53 PM
Ann Hayden 636-399-7544
Berkshire Hathaway HomeServices Select Properties-St. Louis Missouri - Des Peres, MO

George Souto

Good news for high end houses.



Dec 01, 2022 10:06 AM
Roy Kelley
Retired - Gaithersburg, MD

This is good information to share.

Have a productive December.

Dec 02, 2022 06:27 AM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate (435) 632-9374 - St. George, UT
St. George Utah Area Residential Sales Agent

Hope this helps the real estate industry, George, time will tell. Thanks for sharing this new news!

Dec 03, 2022 12:44 PM
Patricia Feager, MBA, CRS, GRI,MRP
Selling Homes Changing Lives

George Souto - I appreciate hearing the good news hot off the press. Cheers to better days ahead!!! 

Thankful for Mortgage Lenders like YOU!

Dec 08, 2022 08:14 AM
Marcus Anderson
MortgageBrokerSantaMonica.com - Santa Monica, CA
Mortgage Broker & Agent | Westside Los Angeles, CA

Thank you for this post! This a great example of how a mortgage professional should always be up to date and keep other professionals up to date in an industry that is constantly changing. 

Dec 09, 2022 04:16 PM
Kristin Johnston - REALTOR®
RE/MAX Platinum - Waukesha, WI
Giving Back With Each Home Sold!

Great post!  Thanks for sharing and enjoy your day!

Dec 11, 2022 07:56 AM
Endre Barath, Jr.
Berkshire Hathaway HomeServices California Properties - Beverly Hills, CA
Realtor - Los Angeles Home Sales 310.486.1002

George Souto  hope the buyers see this valuable post, call for action if you asked me, Endre

Dec 12, 2022 11:04 PM