Posts from February 2022

From a Washington Post article on December 28, 2021:

"Across most housing markets, the new conforming loan limit will be $647,200 in 2022, an increase of $98,950 compared to 2021's limit of $548,250. Borrowers who need to finance a larger sum for a home purchase will need to apply for a jumbo loan, which often has stricter guidelines for borrowers, larger down payment requirements and sometimes higher interest rates because of the risk associated with a bigger loan."

This increase in the loan limits are adjusted every year by the same amount as the Federal Housing Finance Agency's average home price increase in each 3^rd Quarter of the year (2021 vs 2020). The increase is a newsworthy 18.05%, and it makes sense that the conforming loan limit would increase in lock step. In 2021, if you ha...

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