2023 Conforming Mortgage Loan Limits

Conventional

(Fannie Mae / Freddie Mac)

• Fannie Mae and Freddie Mac Increase Loan Limits from $647,200 to $726,200.

• High-Cost Areas: The new ceiling loan limit for one-unit properties will be $1,089,300, which is 150 percent of $720,200.

A list of the 2023 maximum conforming loan limits for all counties and county-equivalent areas in the country can be found here.

FHA & VA

• The Federal Housing Agency (FHA) has raised its loan limit by 12% to a maximum amount of $472,030 in most areas.

• High Cost Areas: In certain high cost areas, it’s $1,089,300

• FHA & VA loan limits are determined by statistical data on a county by county basis.
• Visit https://entp.hud.gov/idapp/html/hicostlook.cfm to determine loan limits for 1-4 family properties by county.

Effective January 1, 2023