---
title: High Balance Loans
description: FHFA designates some counties in the US as “high cost of living” counties and provides a larger loan limit to accommodate homeowners in those counties.
image: https://blog.homelend.net/hubfs/Homelend_HighBalance_Blog.png
---
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© 2019
[HomeLend](https://blog.homelend.net/blog/author/homelend) |
[October 22, 2021](https://blog.homelend.net/blog/archive/2021/10/22) |
[09:40 AM](https://blog.homelend.net/blog/high-balance-loans) |
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# High Balance Loans
FHFA designates some counties in the US as “high cost of living” counties and provides a larger loan limit to accommodate homeowners in those counties.
## What is a High Balance Loan?
The Federal Housing Finance Agency (FHFA) sets a baseline loan limit across the country. Loan amounts that fall within this limit are considered “Conforming” and are eligible to be for purchase by Fannie Mae and Freddie Mac.
You can read more about Conforming loans [here](https://blog.homelend.net/blog/2020/01/conventional-loans).
FHFA also designates some counties in the US as “high cost of living” counties and provides a larger loan limit to accommodate homeowners in those counties. This limit is called the High Balance limit.
Loans that fall within the High Balance limit in these counties are also eligible to be purchased by Fannie Mae and Freddie Mac. While qualifying guidelines are typically similar to conforming loans, rates/fees are typically higher.
These limits are increasing for 2022. The new high balance limit will be $970,800 whereas the new conforming loan limit will be $647,200.
Any loan larger than the limits set by FHFA are called Jumbo loans and are not purchased by Fannie Mae or Freddie Mac. These loans are typically “portfolio” loans for large banks and hence have stricter qualifying guidelines and worse rates.
You can learn more about Jumbo loans [here.](https://blog.homelend.net/blog/2019/11/jumbo-loans)
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