Maximum Loan Limits Increase Nationwide
Most of the loans done in the United States end up with Fannie Mae, Freddie Mac, or The Federal Housing Administration (FHA). All three agencies have Maximum Loan Limits, meaning that regardless of someone’s qualification there is a cap on the loan amount. Over the last few days all three announced increases to those limits. This year those increases were rather large due to the huge home appreciation rates the industry has seen.
There are two buckets for the caps that vary by area of the country. Most of the areas we serve in Michigan and Ohio are considered low costs areas. The low cost areas were increased as follows:
Fannie Mae & Freddie Mac Conforming Loan Limits For 2022
| Property Size | Baseline Loan Limits |
| One-Unit | $647,200 |
| Two-Units | $828,700 |
| Three-Units | $1,001,650 |
| Four-Units | $1,244.850 |
FHA Loan Limits
| Property Size | Low-Cost Area “Floor” |
| One-Unit | $420,680 |
| Two-Units | $538,650 |
| Three-Units | $651,050 |
| Four-Units | $809,150 |
This is all great news for home buyers and sellers. For buyers looking in that higher end market they are now able to reach some higher price points without needing “jumbo” financing. Typically with jumbo loans they have less attractive financing terms and more strict qualifying guidelines. These welcomed increases are bound to help keep that higher end market moving. If you have questions or need help with financing your next home don’t hesitate to reach out!
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Conventional vs USDA Loan Michigan: Your 2026 Mortgage Flight Plan
The “obvious” choice for your mortgage might actually be the most expensive path if you don’t account for the unique terrain of the West Michigan housing market. While you might assume a massive down payment is the only way to avoid financial turbulence, comparing a Conventional vs USDA Loan Michigan reveals that the right flight plan often involves much less upfront cash than expected.
We understand that staring at a map of geographic eligibility or weighing monthly mortgage insurance costs can feel like flying through heavy fog. It’s frustrating when you’re ready to move but feel grounded by confusing requirements. This guide will help you compare these options with the precision of a seasoned navigator. You’ll learn how to identify if your dream neighborhood is USDA-eligible, how the 2026 loan limit of $832,750 impacts your Conventional path, and how the $119,850 income limit affects your USDA eligibility. By the end of this flight plan, you’ll have the expert coordinates needed to choose a loan that offers maximum lift for your West Michigan home journey.