2022 Conforming Loan Limits for DC-Area To Increase to Nearly $1 Million

The Federal Housing Finance Agency recently announced its annual update of conforming loan limits, the maximum mortgage amounts that Fannie Mae and Freddie Mac will guarantee or purchase. The latest increase is in response to home prices over the past year, on average an 18.05 percent increase from third quarters 2020 and 2021.

The national baseline conforming loan limit for one-unit properties will increase from $548,250 in 2021 to $647,200 in 2022. High-cost areas, for example, specific counties in Maryland, Virginia and throughout the District of Columbia, will have an increased mortgage cap for one-unit properties from $822,375 in 2021 to $970,800 in 2022.

Below is a chart of the updated conforming loan limits for one-unit properties in the District of Columbia and surrounding counties and county equivalents (Alexandria, Falls Church, and Manassas) in Virginia and Maryland. These loan limits will take effect January 1, 2022.

StateCounty or County Equivalent2022 Conforming Loan Limit
DCDistrict of Columbia$970,800
MDAnne Arundel$647,200
MDFrederick$970,800
MDHoward$647,200
MDMontgomery$970,800
MDPrince George’s$970,800
VAAlexandria$970,800
VAArlington$970,800
VAFairfax$970,800
VAFalls Church$970,800
VAFauquier$970,800
VALoudoun$970,800
VAManassas$970,800
VAPrince William$970,800

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