Zero-down USDA Guaranteed Loans are the most popular rural development mortgage program in New York. These loans are available for anyone with low to moderate income to purchase a home in approved rural areas with no down payment. Other USDA loan limits and resources can be viewed here:
USDA Loan Limits
USDA Loan Income Limits
USDA Loan Requirements
USDA Loan Programs
USDA doesn’t set specific maximum loan limits for guaranteed mortgages. Instead, local limits are determined by a combination of the area USDA maximum income limit and the borrowers debt-to-income ratio. This approach means that guaranteed maximum USDA loan limits are fluid and based upon numerous factors, unlike low-income USDA Direct Loans, which have set maximum limits. The figures listed below are based on approximate calculations. Actual guaranteed maximum loan limits may vary.
New York Guaranteed USDA Loan Limits
Area | 1-4 Person Households | 5-8 Person Households |
|---|---|---|
| Albany-Schenectady-Troy, NY MSA | $323,000 | $417,000 |
| Allegany County, NY | $272,000 | $357,000 |
| Binghamton, NY MSA | $272,000 | $357,000 |
| Buffalo-Cheektowaga-Niagara Falls, NY MSA | $272,000 | $357,000 |
| Cattaraugus County, NY | $272,000 | $357,000 |
| Cayuga County, NY | $272,000 | $357,000 |
| Chautauqua County, NY | $272,000 | $357,000 |
| Chenango County, NY | $272,000 | $357,000 |
| Clinton County, NY | $272,000 | $357,000 |
| Columbia County, NY | $306,000 | $391,000 |
| Cortland County, NY | $272,000 | $357,000 |
| Delaware County, NY | $272,000 | $357,000 |
| Elmira, NY MSA | $272,000 | $357,000 |
| Essex County, NY | $272,000 | $357,000 |
| Franklin County, NY | $272,000 | $357,000 |
| Fulton County, NY | $272,000 | $357,000 |
| Genesee County, NY | $272,000 | $357,000 |
| Glens Falls, NY MSA | $272,000 | $357,000 |
| Greene County, NY | $272,000 | $357,000 |
| Hamilton County, NY | $272,000 | $357,000 |
| Ithaca, NY MSA | $323,000 | $408,000 |
| Kingston, NY MSA | $306,000 | $408,000 |
| Lewis County, NY | $272,000 | $357,000 |
| Montgomery County, NY | $272,000 | $357,000 |
| Nassau-Suffolk, NY HUD Metro FMR Area | $408,000 | $417,000 |
| New York, NY HUD Metro FMR Area | $374,000 | $417,000 |
| Otsego County, NY | $272,000 | $357,000 |
| Poughkeepsie-Newburgh-Middletown, NY HUD Metro FMR Area | $323,000 | $417,000 |
| Rochester, NY HUD Metro FMR Area | $272,000 | $357,000 |
| Rockland County, NY HUD Metro FMR Area | $374,000 | $417,000 |
| Schuyler County, NY | $272,000 | $357,000 |
| Seneca County, NY | $272,000 | $357,000 |
| St. Lawrence County, NY | $272,000 | $357,000 |
| Steuben County, NY | $272,000 | $357,000 |
| Sullivan County, NY | $272,000 | $357,000 |
| Syracuse, NY MSA | $272,000 | $374,000 |
| Utica-Rome, NY MSA | $272,000 | $357,000 |
| Watertown-Fort Drum, NY MSA | $272,000 | $357,000 |
| Westchester County, NY Statutory Exception Area | $374,000 | $417,000 |
| Wyoming County, NY | $272,000 | $357,000 |
| Yates County, NY HUD Metro FMR Area | $272,000 | $357,000 |
