New 2022 Conventional & FHA Loan Limit Increase


Beginning 2022, mortgage loans will increase, making it easier for homebuyers to purchase a home. This means qualifying buyers will be able to take out a larger loan that is backed by the government.


In this article we will go over:

  • New loan limits

  • Conventional loans for 2022

  • FHA loans for 2022

  • VA loans for 2022

  • Benefits of buying a home in 2022

Let’s dive in.


If you’re looking to purchase a home in 2022, here are the loan limits of how much you can borrow in most of the United States.


Single-family home:

  • Conventional loan – $647,200

  • FHA loan – $420,680

  • VA loan – No loan limit

In areas where houses are priced higher, the 2022 conforming loan limits are higher (closer to $1 million).


Conventional loans for 2022

Conventional loans are the most common home loans for mortgages.


For a one-unit property, the maximum conventional loan limit is $647,200 for most of the country in 2022. In 2021 the conventional loan limit was $548,250. From 2021 to 2022, the loan limit has increased by $98,950.


A two-unit property the loan limit has increased from $702,000 to $828,700. This is a $126,700 increase from 2021 to 2022.


A three-unit property the loan limit has increased from $848,500 to $1,001,650. This is a $153,150 increase from 2021 to 2022.


A four-unit property the loan limit has increased from $1,054,500 to $1,244,850. This is a $190,350 increase from 2021 to 2022.



Conventional loans are great because they offer:


  • Down payment as low as 3%

  • 620 minimum credit score requirement

  • No PMI (private mortgage insurance) with 20% down

  • Debt-to-income ratio limit of 45%







Click here to read the benefits of Conventional loans


FHA loans for 2022

FHA loans are great for first-time homebuyers or buyers with average incomes and credit scores. FHA loans have also increased their limits starting 2022 from $356,362 to $420,680. This is a $64,318 increase from 2021 to 2022. As mentioned previously, the loan limits vary based on the area you live in.