There could be savings on the table for you!
The Federal Housing Finance Agency (FHFA) has just raised their conforming loan limits (CLLs) by 18% to a maximum amount of $647,200 for 2022, an increase of $98,950 from $548,250 in 2021. In certain high cost areas, it’s even more.
This means your buyers will have more flexibility (and possibly lower rates) when financing a higher priced home.
Below is a customized area-specific loan limit look-up tool you can use.
- List of 2022 conforming loan limits for all counties and county-equivalent areas in the U.S.
- A map showing the 2022 conforming loan limits across the U.S.
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Home sellers (or buyers) may also want to find a MN REALTOR® with the following designations and/or certifications:
SRS Designation (Seller Representative Specialist)
Graduate Realtor Institute designation
CRS Designation (Certified Residential Specialist)
Real Estate Negotiation Expert® (RENE)
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Resolve to Make a Budget in 2022
