Feature Enhancements in Version 21.3 Critical Patch 3

Ginnie Mae has revised its definition of High Balance loans based on the increase to conforming loan limits made by the Federal Housing Finance Agency (FHFA). Effective on or after January 3, 2022, a High Balance loan will be defined as a single-family forward mortgage loan with an original principal balance (minus the amount of any upfront mortgage insurance premium) that exceeds the conforming loan limits ($647,200 for the general conforming loan limits and $970,800 for the high-cost conforming loan limits).

For additional information, refer to the Ginnie Mae High Balance Loans announcement.