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Qm for mac3/27/2023 ![]() For special statutory provisions including AK and HI, the baseline loan limit will be 937,500 for regular, one-unit conventional loans, increased from $822,375. The maximum conforming loan limit for regular, one-unit properties will be $625,000, increased from $548,250. United Wholesale Mortgage (UWM) has announced that it will honor the 2022 conventional loan limits ahead of the FHFA November announcement. An increase in the conforming loan limit means more homebuyers will be able to apply for conforming mortgages instead of “jumbo” loans, which are typically harder to qualify for and carry higher interest rates because they’re not backed by Fannie and Freddie. ![]() The surge in home prices during the pandemic could fuel the biggest dollar increase in the conforming loan limit for Fannie Mae and Freddie Mac in records dating to 1970. ![]()
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