An Increase In Conforming Loan Limits In 2022?!?! What This Means For YOU (Tools)

As 2022 gets rolling, the Federal Housing Finance Agency has decided to increase conforming loan limits to $647,000. This means that homeowners can qualify for a home for as much as $647,000 through government organizations like Fannie Mae and Freddie Mac. We have seen home prices appreciate at an astounding rate over the last few years, and in some markets,  buyers who were looking to use these government mortgage programs have consistently been priced out of their dream of homeownership. At $548,250 in 2021, we can see the loan limit had to make a significant jump to match market appreciation, but what does the loan increase in 2022 mean for the flipper looking to put their newest project back on the market or the landlord watching his property value and equity position increase? Tap in to hear the Foreclosure Deals Coach's take on this critical development and learn how you can capitalize on this significant change in the housing industry.


Mentioned in today's episode
Propstream
Launch Control
Foreclosure.com
RentReporters

Here's a link to the article Donny discussed in today's episode:
Higher Mortgage Loan Limits Take Effect

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