{"id":2481,"date":"2022-01-04T09:00:00","date_gmt":"2022-01-04T09:00:00","guid":{"rendered":"https:\/\/www.trinityoaksmortgage.com\/?p=2481"},"modified":"2022-01-27T16:08:50","modified_gmt":"2022-01-27T16:08:50","slug":"dallas-area-loan-limit-increased-for-2022-conforming-fha-and-jumbo","status":"publish","type":"post","link":"https:\/\/www.trinityoaksmortgage.com\/dallas-area-loan-limit-increased-for-2022-conforming-fha-and-jumbo\/","title":{"rendered":"Loan Limit Increased for 2022: Conforming, FHA and Jumbo"},"content":{"rendered":"

Summary: In 2022, the conforming loan limits for all Dallas-area counties will go up to $647,200. Anything above that is considered a jumbo mortgage. The FHA loan limit for the DFW area has been increased to $420,680 for 2022.<\/i><\/span><\/p>\n

Home buyers across the Dallas-Fort Worth metro area will have a higher range of mortgage financing to work with in 2022, due to a recent increase in loan limits. Both conforming and FHA limits for the DFW area have been increased for 2022 in response to rising home prices.<\/span><\/p>\n

What does this mean to you, as a home buyer and borrower? Read on to find out.<\/span><\/p>\n

Dallas-Fort Worth Loan Limit Increased for 2022<\/b><\/span><\/h2>\n

Most of the mortgage loans available today have a maximum amount or limit for borrowers. This is true for conventional (or “regular”) mortgage loans, as well as the government-backed programs like FHA. Borrowers who wish to use a particular home loan program have to stay within these limits, with a few exceptions.<\/span><\/p>\n

This can be a confusing subject if you’re new to it. So let’s take it one program at a time.<\/span><\/p>\n

Conforming Loan Limit Increased to $647,200<\/b><\/span><\/h3>\n

A conventional mortgage loan is one that is not<\/i> insured or guaranteed by the government. The term “conventional” is used to differentiate these products from the government-backed programs like FHA and VA.<\/span><\/p>\n

Now let’s break it down further.<\/span><\/p>\n

In terms of their size, conventional loans can either be conforming or jumbo.<\/span><\/p>\n