AC-024 New Increased Conventional Conforming Loan Limits
New Increased Conventional Conforming Loan Limits (Fannie Mae and Freddie Mac)
Effective with new loan submissions on or after Monday, October 3, 2022, FLCBank will accept increased conforming loan amounts as follows:
| Units | Previous Loan Limit | New Loan Limit |
| 1 | $647,200 | $715,000 |
| 2 | $828,700 | $916,000 |
| 3 | $1,001,650 | $1,107,000 |
| 4 | $1,244,850 | $1,376,000 |
| Note: Loans that require PMI must be insured under the increased loan limit | ||
The parameters for eligibility to the Increased Conventional Conforming Loan Limits:
- Effective with new loans submitted on or after October 3, 2022
- The DU Approve/Ineligible or LPA Accept/Ineligible findings will be acceptable when the ineligible result is because of “loan limits” only