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A new year, a new opportunity for home ownership in Boston: Conforming loan limits set to increase in 2023

A new year, a new opportunity for home ownership in Boston: Conforming loan limits set to increase in 2023

Earlier this month, the Federal Housing Finance Agency said that the maximum conforming loan limits for mortgages acquired by Fannie Mae and Freddie Mac will increase by 12% nationally in 2023. This is excellent news for homebuyers in Greater Boston, as the loan limit for one-unit properties in Essex, Middlesex, Norfolk, Plymouth, and Suffolk counties will increase by more than $100,000 to a limit of $828,000.

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