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While home buying conditions remain challenging, we found Five things that homebuyers can be thankful for this Thanksgiving.

While home buying conditions remain challenging, we found Five things that homebuyers can be thankful for this Thanksgiving.

Current FHA Mortgage Rates in NY - New York FHA Mortgage

New York Mortgages

2024 FHA Loan Limits for New York

FHA Loans are government insured mortgages from the Federal Housing Administration and are an attractive option for homebuyers with small down payments or who have less-than-stellar credit. An FHA-backed loan can also be attractive to homeowners who want to refinance.

FHA mortgages are backed by a self-insuring pool to limit risks for the lenders who make these low downpayment loans. Homebuyers or homeowners looking to refinance can borrow with as little as a 3.5% downpayment or equity stake.

Learn more about FHA loans or calculate FHA loan costs and compare FHA loans against conventional low-downpayment mortgage programs.

FHA loan limits are different than those for conventional mortgages, as they use a formula based on median home prices; as such, FHA loan limits are reset each year, and vary from county to county in each state. The 2024 FHA loan limits for each county in New York are below.

Select County
County Name One Family Two Family Three Family Four Family
Albany One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Allegany One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Bronx One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Broome One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Cattaraugus One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Cayuga One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Chautauqua One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Chemung One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Chenango One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Clinton One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Columbia One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Cortland One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Delaware One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Dutchess One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Erie One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Essex One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Franklin One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Fulton One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Genesee One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Greene One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Hamilton One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Herkimer One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Jefferson One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Kings One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Lewis One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Livingston One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Madison One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Monroe One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Montgomery One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Nassau One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
New York One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Niagara One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Oneida One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Onondaga One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ontario One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Orange One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Orleans One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Oswego One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Otsego One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Putnam One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Queens One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Rensselaer One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Richmond One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Rockland One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Saratoga One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Schenectady One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Schoharie One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Schuyler One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Seneca One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
St. Lawrence One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Steuben One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Suffolk One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Sullivan One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Tioga One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Tompkins One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Ulster One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Warren One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Washington One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Wayne One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Westchester One Family$1,149,825 Two Family$1,472,250 Three Family$1,779,525 Four Family$2,211,600
Wyoming One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350
Yates One Family$498,257 Two Family$637,950 Three Family$771,125 Four Family$958,350

Mortgage Rates by State

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