How to Rock the 2023 Conforming Loan Limits!!!

Mortgage and Lending with US Bank NMLS: 22343

How to Rock the 2023 Conforming Loan Limits!!!


I ain't foolin'!


Even though there's been a whole lotta interest rate hikes in 2022.  And even though there's been a whole lotta rumbling about home values declining in some areas, the FHFA will again be increasing the conforming loan limits into 2023.


This means that where the one-unit conforming limit was $647,200 in 2022, it will become $726,200 in 2023.


And in high-cost (aka high balance) metropolitan statistical areas like much of CA, NY and other housing-expensive counties, you may see the conforming limit go from $970,800 all the way up to $1,089,300.


Note that FHA and VA loan limits fall outside of this change, so if you need to know the specific loan maximums for any program, in any area, just get in touch!



Been a long time!



Rob Spinosa
SVP of Mortgage Lending

Guaranteed Rate
NMLS: 22343 
Cell/Text: 415-367-5959


Marin Office:  324 Sir Francis Drake Blvd., San Anselmo, CA  94960 

*The views and opinions expressed on this site about work-related matters are my own, have not been reviewed or approved by Guaranteed Rate and do not necessarily represent the views and opinions of Guaranteed Rate.  In no way do I commit Guaranteed Rate to any position on any matter or issue without the express prior written consent of Guaranteed Rate's Human Resources Department.

Comments (5)

George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Rob Spinosa with the increase in home prices, these increased loan limits were very much needed.

Dec 02, 2022 03:33 PM
Rob Spinosa

George Souto, I'm guessing CT has some pretty lofty high balance limits as well.  Let's hope FHA limits increase as well.

Dec 03, 2022 07:42 AM
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Good morning Rob. Must say, given price appreciation, sorely needed. Thanks for the info. Enjoy your day.

Dec 03, 2022 04:14 AM
Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Rob,

You are ROCKIN IT!  I love that video.  I read about this the other day.  Your clients will be glad to know you are on top of this for them.

Dec 04, 2022 08:59 AM
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • GRI • HAFA • PSC Calabasas CA

I'm in SoCal, so it is a higher plato of loan limits. It is nice that they finally recognized that housing prices in larger cities of CA are not the same as in the rural areas of the same state. The ''average price of a house'' in CA is not even an entry level for Los Angeles. 

Jan 02, 2023 03:01 PM
Charles Ross - eXp Realty LLC
eXp Realty LLC Salina Group - Salina, KS
Love To Help People

Excellent Information. Thank you for sharing. Have a wonderful day and a blessed weekend.

Mar 31, 2023 05:46 AM