What are FHA Loan Limits in New York?

FHA loans are a low down payment mortgage program and New York FHA loan limits are connected to local home values. Search the charts below to determine the maximum mortgage amount allowed for your county. FHA loan limits in New York are set above the floor amount of $275,665 across much of the state.

New York FHA Loan Limits Search:

County Name
Area
1-Unit
2-Unit
3-Unit
4-Unit
ALBANYALBANY-SCHENECTADY-TROY, NY$331,760$424,800$513,450$638,100
ALLEGANYNON-METRO$331,760$424,800$513,450$638,100
BRONXNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
BROOMEBINGHAMTON, NY$331,760$424,800$513,450$638,100
CATTARAUGUSOLEAN, NY$331,760$424,800$513,450$638,100
CAYUGAAUBURN, NY$331,760$424,800$513,450$638,100
CHAUTAUQUAJAMESTOWN-DUNKIRK-FREDONIA, NY$331,760$424,800$513,450$638,100
CHEMUNGELMIRA, NY$331,760$424,800$513,450$638,100
CHENANGONON-METRO$331,760$424,800$513,450$638,100
CLINTONPLATTSBURGH, NY$331,760$424,800$513,450$638,100
COLUMBIAHUDSON, NY$331,760$424,800$513,450$638,100
CORTLANDCORTLAND, NY$331,760$424,800$513,450$638,100
DELAWARENON-METRO$331,760$424,800$513,450$638,100
DUTCHESSPOUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY$356,500$456,350$551,650$685,550
ERIEBUFFALO-CHEEKTOWAGA, NY$331,760$424,800$513,450$638,100
ESSEXNON-METRO$331,760$424,800$513,450$638,100
FRANKLINMALONE, NY$331,760$424,800$513,450$638,100
FULTONGLOVERSVILLE, NY$331,760$424,800$513,450$638,100
GENESEEBATAVIA, NY$331,760$424,800$513,450$638,100
GREENENON-METRO$331,760$424,800$513,450$638,100
HAMILTONNON-METRO$331,760$424,800$513,450$638,100
HERKIMERUTICA-ROME, NY$331,760$424,800$513,450$638,100
JEFFERSONWATERTOWN-FORT DRUM, NY$331,760$424,800$513,450$638,100
KINGSNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
LEWISNON-METRO$331,760$424,800$513,450$638,100
LIVINGSTONROCHESTER, NY$331,760$424,800$513,450$638,100
MADISONSYRACUSE, NY$331,760$424,800$513,450$638,100
MONROEROCHESTER, NY$331,760$424,800$513,450$638,100
MONTGOMERYAMSTERDAM, NY$331,760$424,800$513,450$638,100
NASSAUNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
NEW YORKNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
NIAGARABUFFALO-CHEEKTOWAGA, NY$331,760$424,800$513,450$638,100
ONEIDAUTICA-ROME, NY$331,760$424,800$513,450$638,100
ONONDAGASYRACUSE, NY$331,760$424,800$513,450$638,100
ONTARIOROCHESTER, NY$331,760$424,800$513,450$638,100
ORANGEPOUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY$356,500$456,350$551,650$685,550
ORLEANSROCHESTER, NY$331,760$424,800$513,450$638,100
OSWEGOSYRACUSE, NY$331,760$424,800$513,450$638,100
OTSEGOONEONTA, NY$331,760$424,800$513,450$638,100
PUTNAMNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
QUEENSNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
RENSSELAERALBANY-SCHENECTADY-TROY, NY$331,760$424,800$513,450$638,100
RICHMONDNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
ROCKLANDNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
SARATOGAALBANY-SCHENECTADY-TROY, NY$331,760$424,800$513,450$638,100
SCHENECTADYALBANY-SCHENECTADY-TROY, NY$331,760$424,800$513,450$638,100
SCHOHARIEALBANY-SCHENECTADY-TROY, NY$331,760$424,800$513,450$638,100
SCHUYLERNON-METRO$331,760$424,800$513,450$638,100
SENECASENECA FALLS, NY$331,760$424,800$513,450$638,100
ST. LAWRENCEOGDENSBURG-MASSENA, NY$331,760$424,800$513,450$638,100
STEUBENCORNING, NY$331,760$424,800$513,450$638,100
SUFFOLKNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
SULLIVANNON-METRO$331,760$424,800$513,450$638,100
TIOGABINGHAMTON, NY$331,760$424,800$513,450$638,100
TOMPKINSITHACA, NY$331,760$424,800$513,450$638,100
ULSTERKINGSTON, NY$331,760$424,800$513,450$638,100
WARRENGLENS FALLS, NY$331,760$424,800$513,450$638,100
WASHINGTONGLENS FALLS, NY$331,760$424,800$513,450$638,100
WAYNEROCHESTER, NY$331,760$424,800$513,450$638,100
WESTCHESTERNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$765,600$980,325$1,184,925$1,472,550
WYOMINGNON-METRO$331,760$424,800$513,450$638,100
YATESROCHESTER, NY$331,760$424,800$513,450$638,100

New York FHA loan limits can change at any time. Check back often to ensure information is accurate.

How are New York FHA Limits Set?

New York FHA Loan LimitsMortgage limits for New York FHA loans are based on median housing prices for the particular Metropolitan Statistical Area (MSA) and county. More specifically, “Median Sale Price” for area homes in each county or MSA is considered the determining factor. National FHA mortgage limits for low costs areas are set at 65 percent of the national conventional conforming loan limit. FHA loan limits are updated yearly.

New York FHA Loan-to-Value Limits (LTV)

  • Purchase Loans –  The mortgage loan-to-value limit in New York is 96.5% of the lower of the purchase price or the appraised value of the home.
  • Refinance Loans – The refinance loan-to-value limit in New York is 97.75% of the lower of the appraised property value, or the mortgage amount plus closing costs. If you’re refinancing and taking cash out from equity, the loan limit will be limited to 85% of the appraised home value.

New York FHA loan limits are set above the nationwide floor amount in New York City, Brooklyn, Queens, Bronx, Staten Island, Manhattan, White Plains, Albany and surrounding areas. You may also want to view these additional FHA loan resources before deciding on a mortgage loan:

More FHA Loan Resources

 

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