News

2022 Conforming Loan Limit Increasing to $647,200

The Federal Housing Finance Agency (FHFA) announced today that conforming loan limits will increase up to $647,200 in 2022, an increase of 18% over 2021. The new limit applies to one-unit properties in most parts of the country. As a result, Finance of America Mortgage is also increasing its conforming loan limit up to the […]

2022 High-Balance Loan Limits Increasing to $970,800

The Federal Housing Finance Agency (FHFA) is increasing high-cost conventional loan limits up to $970,800 for borrowers in some of the nation’s priciest housing markets. As a result, Finance of America Mortgage is also increasing its high-balance limits up to the same amount, available to FAM borrowers beginning Dec. 6. The high-balance increase follows FHFA’s decision to increase the baseline conforming […]

FAM Launches New ADU Refinance Option

Homeowners with ADUs can refinance, reduce monthly payments with new Finance of America Mortgage refinance feature Homeowners who have an accessory dwelling unit, or ADU, on their property may have taken out high-interest financing to create their ADU space. Now, those homeowners can refinance and consolidate those loans, along with their primary mortgage, at a lower interest rate with an innovative new option designed by Finance […]