Ginnie Mae Unveils New Maximum Loan Limits


Ginnie Mae has released the new loan limits for 2023 for single-family forward mortgages eligible for pooling in its mortgage-backed securities programs. Loan limits for most of the country will increase in the coming year due to house price appreciation during the first half of 2022, which is factored into the statutorily mandated calculations that determine the limits each year.

The maximum loan limits (net of any financed MIP or guaranty fee) in the contiguous 48 states, the District of Columbia, American Samoa and Puerto Rico are $726,200 for one unit; $929,850 for two; $1,123,900 for three; and $1,396,800 for four.

In Alaska, Hawaii, Guam and the U.S. Virgin Islands, the maximum loan limits are $1,089,300 for one unit; $1,394,775 for two; $1,685,850 for three; and $2,095,200 for four.

The new mortgage loan limits will be effective after January 1. Additional details regarding the new loan limits can be found here​.

Image: “San Francisco Houses” by Franco Folini is licensed under CC BY-SA 2.0

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