- The conforming loan limits for 2023 have been increased.
- This increase was made in response to significant home-price gains.
- We’ve updated our conforming loan limits page to reflect these changes.
LoanLimits.org is a central repository for loan limit-related data and resources. This website offers 2023 loan limits by county, in all primary mortgage categories. We also publish local real estate data, such as home prices and housing market conditions, as a service to our readers. Use the applicable link below to find the information you need.
Loan Limits Map: Click to Find Your County
Want an easier way to find the loan limits for your county? Use the interactive map. Just click the image below to get started.
New: Conforming Loan Limits Were Increased for 2023
In November 2022, officials from the Federal Housing Finance Agency (FHFA) announced they would be increasing conforming loan limits in 2023 for nearly all counties across the U.S. This was done to keep pace with rising home values nationwide. We have since updated our website to bring you the latest and most accurate information.
Did you know: the loan limits for conforming and VA loans are currently they same. If you visit the Department of Veterans Affairs website, you’ll see a message that explains their loan limits “are the same as the Federal Housing Finance Agency’s [for conforming mortgage products].”
Though these limits have been aligned, VA borrowers and mortgage lenders should only refer to the “one-unit” column of the FHFA’s documents, according to the Department of Veterans Affairs.
How Do These Limits Affect Home Buyers, Borrowers?
Loan limits vary by county, and they are updated every year to keep up with home-price increases. Sometimes they are simply carried over from one year to the next, without any changes. Other times, county loan limits are increased in response to rapidly rising home prices.
If you are in the market for a mortgage loan, you should research the limits for the county in which you reside (or where you plan to buy a home). You’ll find all counties of the U.S. listed within the VA, FHA and conforming pages on our website.
It’s possible to secure mortgage financing above the 2023 loan limits. This is referred to as a jumbo mortgage loan. Jumbo mortgage products exceed the size restrictions set by the Federal Housing Finance Agency, and therefore cannot be sold to Fannie Mae or Freddie Mac. Lenders typically require larger down payments and higher income levels for borrowers seeking a jumbo loan, and often assign higher interest rates as well.
If you would like to learn more about 2023 loan limits by county, and how they are established, visit the overview page for the particular category you’re interested in (FHA, VA or conforming). You can also find more information about the various loan limits on FHFA.gov, HUD.gov, or VA.gov.
Our Latest Mortgage Industry Articles
In addition to maintaining loan limit information, we regularly publish mortgage industry updates and reports geared toward consumers. Here are some of our latest reports:
Minimum Down Payment for Conventional
A “conventional” mortgage does not receive government insurance backing, which sets them apart from FHA and VA. In 2022, the minimum or lowest down payment for a conventional loan is 3% for most borrowers. But there are exceptions and workarounds.
First-Time Buyer Income Requirements
A reader wanted to know if there are specific income requirements for first-time home buyers seeking a mortgage. For most loan programs, the requirements are the same for both first-time and repeat buyers. This article explains the basic criteria.
California Closing Process Explained
A reader asked for information about the mortgage escrow and closing process in California, from a buyer’s perspective. So we put together this article that explains the steps in the process and what you can expect along the way.
California Home Prices to Keep Rising
According to a long-range forecast from the state’s Realtor association, home-price growth in California could slow down considerably in 2022. But overall, the real estate scene will likely remain competitive due to tight inventory conditions.
Why Are Home Prices Rising so Fast?
House values across the U.S. have risen at an unprecedented pace over the past year or so — more than 20% in many cities. But why? In this article, we examine three of the main reasons why home prices are rising so fast these days. (Hint: supply and demand.)
Is a Housing Market Crash Coming?
After more than a year of frenzied sales activity and rapid home-price growth, many people are now wondering if we will see a housing market crash in 2022 or 2023? But a crash doesn’t seem likely, partly due to tight inventory conditions.
Will the Market Be Less Competitive?
The U.S. real estate market has been on fire over the past 15 months or so. But recent trends suggest that we could see a cooling trend in the months ahead. Here are three reasons why the housing market could be less competitive in 2022.
Disclaimers: This is not a government website. The information on this website was compiled from various official sources. We have made every effort to ensure the accuracy of the 2023 county loan limits published on this site. But there is always a chance for errors or inaccuracies. For the most accurate information available, please refer to the appropriate government agency or department mentioned above. If you find an error on this website, please send an email to info@loanlimits.org.