Conforming Loan Limits By County 2022

This Page Was Last Updated: September 01, 2022
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Jumbo loans are needed when the mortgage amount required exceeds the conforming loan limit. Jumbo loans do not have an upper limit, which means that jumbo loans can be as large as the lender is willing to lend out. On the other hand, there is a lower limit on jumbo loans because if the mortgage principal is within the conforming loan limits, then there is no need for issuing a jumbo loan. The conforming loan limit for most counties in the US increased to $647,200 for one-unit properties and to $1,244,850 for four-unit properties in 2022, which means that any loan that has a principal of over $647,200, will be considered a jumbo loan. Similarly, high-cost counties have a conforming loan limit reaching $970,800 for one-unit properties and up to $1,867,275 for four-unit properties.

Change in Conforming Loan Limit since 2008

The data below shows the change in the conforming limits for a single-family unit since the Housing Market Crash of 2008. The average loan limit is the conforming limit for most counties in the US. The limit for high-cost areas is always 150% more than the average loan limit. There was a 6.87% increase in the average loan limit from 2018 to 2019, followed by a 5.4% increase from 2019 to 2020, and lastly a 7.41% increase from 2020 to 2021. The chart also shows the median house prices in the following years. The limits increase with the median house price, but the limits can never decrease. The conforming limits were not changed between the period of 2008 – 2016 as median home prices had not recovered enough.

Change in Conforming Loan Limits and Median Home Price

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YearBase LimitUpper LimitMedian Home Sale Price
2008$417,000 $625,500$229,550
2009$417,000 $625,500$215,650
2010$417,000 $625,500$222,700
2011$417,000 $625,500$224,900
2012$417,000 $625,500$244,400
2013$417,000 $625,500$266,225
2014$417,000 $625,500$285,775
2015$417,000 $625,500$294,150
2016$417,000 $625,500$305,125
2017$424,100 $636,150$322,425
2018$453,100 $679,650$325,275
2019$484,350 $726,525$320,250
2020$510,400 $765,600$336,950
2021$548,250 $822,375$392,925*
2022$647,200 $970,800-
* Median home sale prices for 2021 are estimated and not official statistics.
Note – This graph is for the entire US. Conforming limits, and median prices vary by area.
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