2023 Jumbo Loan Limits

Have the Conforming Loan Limits Increased for 2023?

Yes – from $647,200 to $726,200 available immediately and into 2023.

There aren’t too many financial topics where inflation is considered a good thing

Taxpayer income brackets, I-Bonds, Social Security indexing, and Cost-of-Living (pay) increases are a few that come to mind.

For a home that you live in (or would like to live in) inflation is a good tailwind for the seller but the buyer experiences a strong head1 wind going into bidding. 

Here, the inflation helps; you can borrow $67,800 MORE before you go into the next higher price tier.

There are options as they pertain to hitting the limits. The options include using a 2nd mortgage (Piggyback) to stay under the limbo bar, or swapping in a Jumbo Mortgage instead of the FNMA High Balance or Super-Conforming products. All options have pros and cons which are best processed through a conversation, not a “drop-down” choice on a menu.

We are a free resource to you for anything Real Estate related. We warmly welcome your call and promise to tell you “straight-up” if we are not the best company to handle your needs better than any other.

1 The additional harmful by-product of inflation has also caused home buyers to assume additional risk in waiving contingencies to remain in the bidding game rather than folding. This equates to additional cost PLUS added risk.