The Federal Housing Finance Agency has increased Conventional Loan Limits for 2022 effective 9/12/2022. The new limits are:

1 Unit: $715,000

2 Unit: $916,000

3 Unit: $1,107,000

4 Unt: $1,376,000

What does that mean? Now buying a single family home using conventional financing you may go as high as:
$737,000 with 3% Down
$752,000 with 5% Down
$794,000 with 10% Down
$893,000 with 20% Down

This is especially interesting if you were interested in buying multifamily as an investment. Check out whats for sale in Polk County Income Properties.

These are increased from
1 unit: $548,000
2 Unit: $702,000
3 Unit: $848,000
4 Unit: $1,054,500

That is an increase of $167K, $214K, $259K, and $322K.