New FHA and Conventional Mortgage Limits for 2022

FHA Loan Limits

MCL will accept the new loan limits on government products effective January 1, 2022. See each section below for specific requirements by product type.

Miami Dade, Broward and Palm Beach New FHA Loan Limits

• One-unit: $460,000
• Two-unit: $588,850
• Three-unit: $711,800
• Four-unit: $884,600

You can view the additional county limits on the list below:

MSA Name	County Name	State	One-Family	Two-Family	Three-Family	Four-Family
JACKSONVILLE, FL	BAKER	FL	$432,400	$553,550	$669,100	$831,550
PANAMA CITY, FL	BAY	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	BRADFORD	FL	$420,680	$538,650	$651,050	$809,150
PALM BAY-MELBOURNE-TITUSVILLE, FL	BREVARD	FL	$420,680	$538,650	$651,050	$809,150
MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL	BROWARD	FL	$460,000	$588,850	$711,800	$884,600
NON-METRO	CALHOUN	FL	$420,680	$538,650	$651,050	$809,150
PUNTA GORDA, FL	CHARLOTTE	FL	$420,680	$538,650	$651,050	$809,150
HOMOSASSA SPRINGS, FL	CITRUS	FL	$420,680	$538,650	$651,050	$809,150
JACKSONVILLE, FL	CLAY	FL	$432,400	$553,550	$669,100	$831,550
NAPLES-MARCO ISLAND, FL	COLLIER	FL	$552,000	$706,650	$854,200	$1,061,550
LAKE CITY, FL	COLUMBIA	FL	$420,680	$538,650	$651,050	$809,150
ARCADIA, FL	DESOTO	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	DIXIE	FL	$420,680	$538,650	$651,050	$809,150
JACKSONVILLE, FL	DUVAL	FL	$432,400	$553,550	$669,100	$831,550
PENSACOLA-FERRY PASS-BRENT, FL	ESCAMBIA	FL	$420,680	$538,650	$651,050	$809,150
DELTONA-DAYTONA BEACH-ORMOND BEACH, FL	FLAGLER	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	FRANKLIN	FL	$420,680	$538,650	$651,050	$809,150
TALLAHASSEE, FL	GADSDEN	FL	$420,680	$538,650	$651,050	$809,150
GAINESVILLE, FL	GILCHRIST	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	GLADES	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	GULF	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	HAMILTON	FL	$420,680	$538,650	$651,050	$809,150
WAUCHULA, FL	HARDEE	FL	$420,680	$538,650	$651,050	$809,150
CLEWISTON, FL	HENDRY	FL	$420,680	$538,650	$651,050	$809,150
TAMPA-ST. PETERSBURG-CLEARWATER, FL	HERNANDO	FL	$420,680	$538,650	$651,050	$809,150
SEBRING-AVON PARK, FL	HIGHLANDS	FL	$420,680	$538,650	$651,050	$809,150
TAMPA-ST. PETERSBURG-CLEARWATER, FL	HILLSBOROUGH	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	HOLMES	FL	$420,680	$538,650	$651,050	$809,150
SEBASTIAN-VERO BEACH, FL	INDIAN RIVER	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	JACKSON	FL	$420,680	$538,650	$651,050	$809,150
TALLAHASSEE, FL	JEFFERSON	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	LAFAYETTE	FL	$420,680	$538,650	$651,050	$809,150
ORLANDO-KISSIMMEE-SANFORD, FL	LAKE	FL	$420,680	$538,650	$651,050	$809,150
CAPE CORAL-FORT MYERS, FL	LEE	FL	$420,680	$538,650	$651,050	$809,150
TALLAHASSEE, FL	LEON	FL	$420,680	$538,650	$651,050	$809,150
GAINESVILLE, FL	LEVY	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	LIBERTY	FL	$420,680	$538,650	$651,050	$809,150
NON-METRO	MADISON	FL	$420,680	$538,650	$651,050	$809,150
NORTH PORT-SARASOTA-BRADENTON, FL	MANATEE	FL	$420,680	$538,650	$651,050	$809,150
OCALA, FL	MARION	FL	$420,680	$538,650	$651,050	$809,150
PORT ST. LUCIE, FL	MARTIN	FL	$431,250	$552,050	$667,350	$829,350
MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL	MIAMI-DADE	FL	$460,000	$588,850	$711,800	$884,600
KEY WEST, FL	MONROE	FL	$710,700	$909,800	$1,099,750	$1,366,750
JACKSONVILLE, FL	NASSAU	FL	$432,400	$553,550	$669,100	$831,550
CRESTVIEW-FORT WALTON BEACH-DESTIN, FL	OKALOOSA	FL	$539,350	$690,450	$834,600	$1,037,200
OKEECHOBEE, FL	OKEECHOBEE	FL	$420,680	$538,650	$651,050	$809,150
ORLANDO-KISSIMMEE-SANFORD, FL	ORANGE	FL	$420,680	$538,650	$651,050	$809,150
ORLANDO-KISSIMMEE-SANFORD, FL	OSCEOLA	FL	$420,680	$538,650	$651,050	$809,150
MIAMI-FORT LAUDERDALE-POMPANO BEACH, FL	PALM BEACH	FL	$460,000	$588,850	$711,800	$884,600

Click here to determine maximum loan limits available by county in any State.

Be sure to select the appropriate limit year (i.e., 2022).  For the “Limit Type” on FHA select FHA Forward. For the “Limit Type” on VA (for Veterans with partial entitlement) select Fannie/Freddie, but, for VA, the 1 unit column applies as the maximum loan limit regardless of property type/units.

Conventional Loan Limits

MCL is pleased to advise that effective immediately, both High Balance and Standard Balance 2022 loan limits are eligible to our clients.

MCL will accept the new loan limits on government products effective January 1, 2022. See each section below for specific requirements by product type.

Miami Dade, Broward and Palm Beach New Conventional Loan Limits

• One-unit: $647,200
• Two-unit: $828,700
• Three-unit: $1,001,650
• Four-unit: $1,244,850

At this time HUD has not issued an announcement if they will allow existing cases to be cancelled and appraisals to be reused due to the new loan limits.  As such, unless guidance is provided by HUD, it is not allowed. Minimum loan amounts for high balance products will be determined by case assignment date as well. 

These limits vary by county and a full list for the state of Florida is bellow:

FIPS State Code	FIPS County Code	County Name	State	CBSA Number	One-Unit Limit	Two-Unit Limit	Three-Unit Limit	Four-Unit Limit
12	001	ALACHUA COUNTY	FL	23540	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	003	BAKER COUNTY	FL	27260	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	005	BAY COUNTY	FL	37460	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	007	BRADFORD COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	009	BREVARD COUNTY	FL	37340	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	011	BROWARD COUNTY	FL	33100	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	013	CALHOUN COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	015	CHARLOTTE COUNTY	FL	39460	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	017	CITRUS COUNTY	FL	26140	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	019	CLAY COUNTY	FL	27260	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	021	COLLIER COUNTY	FL	34940	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	023	COLUMBIA COUNTY	FL	29380	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	027	DESOTO COUNTY	FL	11580	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	029	DIXIE COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	031	DUVAL COUNTY	FL	27260	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	033	ESCAMBIA COUNTY	FL	37860	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	035	FLAGLER COUNTY	FL	19660	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	037	FRANKLIN COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	039	GADSDEN COUNTY	FL	45220	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	041	GILCHRIST COUNTY	FL	23540	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	043	GLADES COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	045	GULF COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	047	HAMILTON COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	049	HARDEE COUNTY	FL	48100	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	051	HENDRY COUNTY	FL	17500	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	053	HERNANDO COUNTY	FL	45300	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	055	HIGHLANDS COUNTY	FL	42700	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	057	HILLSBOROUGH COUNTY	FL	45300	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	059	HOLMES COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	061	INDIAN RIVER COUNTY	FL	42680	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	063	JACKSON COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	065	JEFFERSON COUNTY	FL	45220	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	067	LAFAYETTE COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	069	LAKE COUNTY	FL	36740	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	071	LEE COUNTY	FL	15980	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	073	LEON COUNTY	FL	45220	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	075	LEVY COUNTY	FL	23540	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	077	LIBERTY COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	079	MADISON COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	081	MANATEE COUNTY	FL	35840	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	083	MARION COUNTY	FL	36100	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	085	MARTIN COUNTY	FL	38940	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	086	MIAMI-DADE COUNTY	FL	33100	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	087	MONROE COUNTY	FL	28580	$ 710,700	$ 909,800	$ 1,099,750	$ 1,366,750
12	089	NASSAU COUNTY	FL	27260	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	091	OKALOOSA COUNTY	FL	18880	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	093	OKEECHOBEE COUNTY	FL	36380	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	095	ORANGE COUNTY	FL	36740	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	097	OSCEOLA COUNTY	FL	36740	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	099	PALM BEACH COUNTY	FL	33100	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	101	PASCO COUNTY	FL	45300	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	103	PINELLAS COUNTY	FL	45300	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	105	POLK COUNTY	FL	29460	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	107	PUTNAM COUNTY	FL	37260	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	109	ST. JOHNS COUNTY	FL	27260	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	111	ST. LUCIE COUNTY	FL	38940	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	113	SANTA ROSA COUNTY	FL	37860	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	115	SARASOTA COUNTY	FL	35840	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	117	SEMINOLE COUNTY	FL	36740	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	119	SUMTER COUNTY	FL	45540	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	121	SUWANNEE COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	123	TAYLOR COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	125	UNION COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	127	VOLUSIA COUNTY	FL	19660	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	129	WAKULLA COUNTY	FL	45220	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	131	WALTON COUNTY	FL	18880	$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850
12	133	WASHINGTON COUNTY	FL		$ 647,200	$ 828,700	$ 1,001,650	$ 1,244,850

Access FHFA’s website to determine maximum loan limits available by county in all states.

Federal Reserve Chairman Jerome Powell said that the central bank is closely monitoring surging home prices that could make it more difficult for entry-level borrowers to obtain mortgage loans. Further more, he stated that concerns of a housing bubble are overblown.

Last week at a press conference after a meeting of the Federal Open Market Committee that he doesn’t have any financial stability concerns about such a competitive real estate market.

“It’s part of a strong economy with people having money to spend and wanting to invest in housing, so in that sense it’s good,” he said. “It’s clearly the strongest housing market that we’ve seen since the global financial crisis. My hope would be that over time, housing builders can react to this demand and come up with more supply and workers will come back to work in that industry.”

Unlike in the housing and financial crisis of 2006, Powell added, borrowers looking to buy homes are “in very good shape financially.”

“We don’t have that kind of thing where we have a housing bubble where people are over levered and owning a lot of houses,” he said. “There’s no question, though, that housing prices are going up and so we’re watching that carefully.”

Powell also reiterated separately that he wants the Fed to carefully explore the idea of a central bank digital currency in the U.S. without worrying about the pace at which other countries are adopting digital currencies. China, for one, has moved quickly on its “digital yuan,” raising concern from some officials that the country is looking to oust the dollar as the world’s reserve currency.

The Federal Reserve Bank of Boston is working with the Massachusetts Institute of Technology to develop and test a hypothetical central bank digital currency that would inform the central bank’s work around the concept. Powell has also previously said that the Fed would not move forward on a digital currency without a blessing from Congress.

“Central bank digital currencies are now possible, and we’re going to see some of them around the world, and we need to understand whether that’s something that would be a good thing for the people that we serve [and] how would it work in our system,” he said.