New Loan Limits for 2023
There is a wide variety of loan types available to you. This chart refers to the new increase of a conforming loan limit by FHFA (Federal Housing Finance Agency) in 2023, but most lenders will adopt this increase in December.
This means that the rates aren't necessarily better than jumbos, but conforming loans usually don't have stiffer requirements and stricter underwriting processes. Depending on everyone's situation, an experienced loan officer will help you determine which loan types will benefit you the most.