Buying or refinancing a home in 2022 just got a bit easier! Yes, despite home price appreciation being at all time highs and loan rates hovering about historic lows, we have more silver lining headed our way.
Expected to be announced November 1, 2021, the projected Conforming Loan Limit for 2022 will be $625,000 for a single unit property. This is great news for many of you aspiring homebuyers who would like to get that “conforming interest rate” at what would have formerly been considered a high balance loan amount.