New Conforming Loan Limits Have Been Set for 2022
Fannie and Freddie officially set the level at $647,200 for 2022, per the Federal Housing Finance Agency. It's a jump of nearly $100,000 from 2021. However, High Balance which includes Santa Clara, Contra Costa, and Alameda Counties are at $970,800! From looking at the Bay Area map and the National Map, you can see, California and the the Bay Area in particular, is one of the most expensive areas to live in nationally.
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