***NEWS UPDATE *****
The FHFA announced today the conforming loan limits for 2023. This will be for Fannie MAE & Freddie MAC.
One-unit properties values have increased by $79K to a loan limit of $726,200. This will be the base conforming loan limit. In high-cost areas loan limit will increase to $1,089,300.
This is due to the FHFA House Price Index, home prices increased 12.21% on the average between September 2021 to August 2022.
See map below for each county.
As we continue to look toward better rates in the 1st quarter of 2023, please let your client know these changes to the conforming loan limits.
Please do not hesitate to call me with any questions or concerns.
NMLS #1218915 – Blair Thomas (214) 794-8627
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