Correspondent Lending 2023 Conforming Loan Limit and Jumbo Minimum Loan Amount Announcement 12.20.22

AIG Correspondent Lending recognizes Fannie Mae and Freddie Mac’s 2023 loan limit updates for both Conforming and High Balance loans. The new Conforming loan limit of $726,200 and the High Balance limit of $1,089,300 will be eligible for all rate locks received on or after January 1, 2023.

High Balance loans may not exceed the allowable Agency County maximum for the subject property and may never exceed the maximum one-unit limit of $1,089,300. All conforming loan approvals must be supported by a DU Approve/Eligible or LPA Accept/Eligible AUS Report. 

As a result of the new loan limits, the minimum Jumbo Mortgage Loan amount will be updated to $726,201 and will be eligible for all rate locks received on or after January 1, 2023.

Please contact Shane Larscheid, Vice President of Sales with any questions related to this announcement.

Thank you.