Conforming Loan Limits to Increase

Real Estate Agent with 410-935-5844 Office 634480

Conforming Loan Limits to Increase

The Federal Housing Finance Agency (FHFA) will increase conforming loan limits, effective January 1, 2023, by about 12.2%

The FHFA determines the amount of the increases once it has received the third quarter housing sales numbers.

For most counties in the country, the limit will increase from $647,200 to $726,200.

The highest conforming loan limit, which will be available in 99 counties in the country, will be $1,089,300.

Note, these limits are based on home prices and not on interest rates, affordability, wages, inflation and so on.

In Maryland, the high limit of $1,089,300 applies to five counties: Calvert, Charles, Frederick, Montgomery, and Prince George's.

Check with your lender to determine the limits for the area where you are looking to purchase.

If you are considering buying a home, I can help you to find a reputable lender.

Contact Ron Trzcinski of Sachs Realty at 410-935-5844.

Comments (4)

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

Ron Trzcinski, 410-935-5844 with the increase in home prices, these increased loan limits were very much needed.

Dec 02, 2022 02:46 PM
Karen Krzniak
Zenith Realty - Towson, MD


It is amazing how high home prices are.  Today a million, tomorrow the moon.

Dec 02, 2022 03:01 PM
Kathryn Sparks
Zenith Realty - Baltimore, MD


This should actually help affordability since fewer buyers will need jumbo loans.

Dec 02, 2022 03:03 PM
John Pusa
Glendale, CA

Hello Ron Trzcinski, 410-935-5844 higher conforming loan limits will help more buyers qualify for mortgages.

Dec 02, 2022 03:20 PM