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Rocket preemptively raises 2023 conforming loan limits for brokers

The wholesale arm of Rocket Mortgage on Tuesday raised anticipated agency conforming loan limits to $715,000, a sign that the nation’s largest mortgage lender is confident the maximum loan limit set by the federal government will rise by at least 10% in 2023.

The increased loan limits for mortgage brokers apply to new registrations and locks effective Sept. 6, the lender said Tuesday. They’ll require a full appraisal.

Rocket’s gambit comes during one of the company’s most challenging periods in memory, and could enable the Detroit lender to win much-needed purchase details ⇒

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