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.

State	County or County Equivalent	2022 Conforming Loan Limit
DC	District of Columbia	$970,800
MD	Anne Arundel	$647,200
MD	Frederick	$970,800
MD	Howard	$647,200
MD	Montgomery	$970,800
MD	Prince George’s	$970,800
VA	Alexandria	$970,800
VA	Arlington	$970,800
VA	Fairfax	$970,800
VA	Falls Church	$970,800
VA	Fauquier	$970,800
VA	Loudoun	$970,800
VA	Manassas	$970,800
VA	Prince William	$970,800