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$292,100$373,950$452,000$561,700
ALLEGANYNON-METRO$275,665$352,950$426,625$530,150
BRONXNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
BROOMEBINGHAMTON, NY$275,665$352,950$426,625$530,150
CATTARAUGUSOLEAN, NY$275,665$352,950$426,625$530,150
CAYUGAAUBURN, NY$275,665$352,950$426,625$530,150
CHAUTAUQUAJAMESTOWN-DUNKIRK-FREDONIA, NY$275,665$352,950$426,625$530,150
CHEMUNGELMIRA, NY$275,665$352,950$426,625$530,150
CHENANGONON-METRO$275,665$352,950$426,625$530,150
CLINTONPLATTSBURGH, NY$275,665$352,950$426,625$530,150
COLUMBIAHUDSON, NY$275,665$352,950$426,625$530,150
CORTLANDCORTLAND, NY$275,665$352,950$426,625$530,150
DELAWARENON-METRO$275,665$352,950$426,625$530,150
DUTCHESSNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
ERIEBUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY$275,665$352,950$426,625$530,150
ESSEXNON-METRO$275,665$352,950$426,625$530,150
FRANKLINMALONE, NY$275,665$352,950$426,625$530,150
FULTONGLOVERSVILLE, NY$275,665$352,950$426,625$530,150
GENESEEBATAVIA, NY$275,665$352,950$426,625$530,150
GREENENON-METRO$275,665$352,950$426,625$530,150
HAMILTONNON-METRO$275,665$352,950$426,625$530,150
HERKIMERUTICA-ROME, NY$275,665$352,950$426,625$530,150
JEFFERSONWATERTOWN-FORT DRUM, NY$275,665$352,950$426,625$530,150
KINGSNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
LEWISNON-METRO$275,665$352,950$426,625$530,150
LIVINGSTONROCHESTER, NY$275,665$352,950$426,625$530,150
MADISONSYRACUSE, NY$275,665$352,950$426,625$530,150
MONROEROCHESTER, NY$275,665$352,950$426,625$530,150
MONTGOMERYAMSTERDAM, NY$275,665$352,950$426,625$530,150
NASSAUNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
NEW YORKNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
NIAGARABUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY$275,665$352,950$426,625$530,150
ONEIDAUTICA-ROME, NY$275,665$352,950$426,625$530,150
ONONDAGASYRACUSE, NY$275,665$352,950$426,625$530,150
ONTARIOROCHESTER, NY$275,665$352,950$426,625$530,150
ORANGENEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
ORLEANSROCHESTER, NY$275,665$352,950$426,625$530,150
OSWEGOSYRACUSE, NY$275,665$352,950$426,625$530,150
OTSEGOONEONTA, NY$275,665$352,950$426,625$530,150
PUTNAMNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
QUEENSNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
RENSSELAERALBANY-SCHENECTADY-TROY, NY$292,100$373,950$452,000$561,700
RICHMONDNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
ROCKLANDNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
SARATOGAALBANY-SCHENECTADY-TROY, NY$292,100$373,950$452,000$561,700
SCHENECTADYALBANY-SCHENECTADY-TROY, NY$292,100$373,950$452,000$561,700
SCHOHARIEALBANY-SCHENECTADY-TROY, NY$292,100$373,950$452,000$561,700
SCHUYLERNON-METRO$275,665$352,950$426,625$530,150
SENECASENECA FALLS, NY$275,665$352,950$426,625$530,150
ST. LAWRENCEOGDENSBURG-MASSENA, NY$275,665$352,950$426,625$530,150
STEUBENCORNING, NY$275,665$352,950$426,625$530,150
SUFFOLKNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
SULLIVANNON-METRO$275,665$352,950$426,625$530,150
TIOGABINGHAMTON, NY$275,665$352,950$426,625$530,150
TOMPKINSITHACA, NY$275,665$352,950$426,625$530,150
ULSTERKINGSTON, NY$275,665$352,950$426,625$530,150
WARRENGLENS FALLS, NY$275,665$352,950$426,625$530,150
WASHINGTONGLENS FALLS, NY$275,665$352,950$426,625$530,150
WAYNEROCHESTER, NY$275,665$352,950$426,625$530,150
WESTCHESTERNEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA$636,150$814,500$984,525$1,223,475
WYOMINGNON-METRO$275,665$352,950$426,625$530,150
YATESROCHESTER, NY$275,665$352,950$426,625$530,150

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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