THE FHA IN NEW YORK

FHA loans have been helping New York residents since 1934 

 

A licensed New York FHA Lender can offer you a better loan including:

Low down payments (if any)

24 Hour Pre-Approval

Low closing costs

Easier credit qualifying

48 hour Streamline Refinancing


 


New York First Time Home Buyer Loan

This FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than any other types of real estate mortgage home loan programs.

Buy a home in New York with  help from a Family Member

When buying a home, almost every lender will want to know where your down payment came from. If someone in your family is helping you with that down payment, it is called a Gift of Equity, a special FHA loan program.

New York FHA Refinance to a Lower Rate

Lowering your monthly mortgage payment is easier than ever as mortgage interest rates continue to set new record lows almost every week for more than two month.  

New York FHA Debt Consolidation

An FHA Debt Consolidation Loan can change your life, and we can connect you to an FHA Home Lending expert to talk over your financial situation so you’re not left to figure out everything completely on your own.  

 

New York FHA Home Loan

How it works:

 

√    Determine the type of FHA Government Loan that best fits your needs.

 

√       Complete an easy 2 minute application form.

 

√    We will forward your application to one and only one  FHA Approved Lender who can best help you based upon:

 

  • The type of loan you requested

  • Your down-payment (if purchase loan)

  • The location (State) your property is located

  • Your credit history

  • The best rate available for your loan

 

√    An FHA Loan Specialist will respond within 1 business day. They will explain what type of loan you are approved for, and the options available to you. 

 

√    Immediately that same day, the FHA Lender will overnight your pre-approval letter to you.

 

√    Review with no obligations your FHA Loan Pre-approval and locked rate. 

 

Note- It is very important that you keep this letter. It is your official pre-approval on bank letterhead with your 'locked rate', and if purchasing a house, it is equally important that you present this letter to the real estate agent to confirm your pre-qualification status.              

New York FHA Lending Limits 2017

New York Median Home Sale Price Price $364,000

New York FHA Lending Limits 2017

County NameSingleDuplex3 Unit4 Unit
ALBANY$292,100$373,950$452,000$561,700
   ALBANY-SCHENECTADY-TROY, NY
ALLEGANY$275,665$352,950$426,625$530,150
BRONX$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
BROOME$275,665$352,950$426,625$530,150
   BINGHAMTON, NY
CATTARAUGUS$275,665$352,950$426,625$530,150
   OLEAN, NY
CAYUGA$275,665$352,950$426,625$530,150
   AUBURN, NY
CHAUTAUQUA$275,665$352,950$426,625$530,150
   JAMESTOWN-DUNKIRK-FREDONIA, NY
CHEMUNG$275,665$352,950$426,625$530,150
   ELMIRA, NY
CHENANGO$275,665$352,950$426,625$530,150
CLINTON$275,665$352,950$426,625$530,150
   PLATTSBURGH, NY
COLUMBIA$275,665$352,950$426,625$530,150
   HUDSON, NY
CORTLAND$275,665$352,950$426,625$530,150
   CORTLAND, NY
DELAWARE$275,665$352,950$426,625$530,150
DUTCHESS$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
ERIE$275,665$352,950$426,625$530,150
   BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY
ESSEX $275,665$352,950$426,625$530,150
FRANKLIN$275,665$352,950$426,625$530,150
   MALONE, NY
FULTON$275,665$352,950$426,625$530,150
   GLOVERSVILLE, NY
GENESEE$275,665$352,950$426,625$530,150
   BATAVIA, NY
GREENE$275,665$352,950$426,625$530,150
HAMILTON$275,665$352,950$426,625 $530,150
HERKIMER$275,665$352,950 $426,625$530,150
   UTICA-ROME, NY
JEFFERSON$275,665 $352,950$426,625$530,150
   WATERTOWN-FORT DRUM, NY
KINGS$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
LEWIS$275,665$352,950$426,625$530,150
LIVINGSTON$275,665$352,950$426,625$530,150
   ROCHESTER, NY
MADISON$275,665$352,950$426,625$530,150
   SYRACUSE, NY
MONROE$275,665$352,950$426,625$530,150
   ROCHESTER, NY
MONTGOMERY$275,665$352,950$426,625$530,150
   AMSTERDAM, NY
NASSAU$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
NEW YORK$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
NIAGARA$275,665$352,950$426,625$530,150
   BUFFALO-CHEEKTOWAGA-NIAGARA FALLS, NY
ONEIDA$275,665$352,950$426,625$530,150
   UTICA-ROME, NY
ONONDAGA$275,665$352,950$426,625$530,150
   SYRACUSE, NY
ONTARIO$275,665$352,950$426,625$530,150
   ROCHESTER, NY
ORANGE$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
ORLEANS$275,665$352,950$426,625$530,150
   ROCHESTER, NY
OSWEGO$275,665$352,950$426,625$530,150
   SYRACUSE, NY
OTSEGO$275,665$352,950$426,625$530,150
   ONEONTA, NY
PUTNAM$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
QUEENS$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
RENSSELAER$292,100$373,950$452,000$561,700
   ALBANY-SCHENECTADY-TROY, NY
RICHMOND$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
ROCKLAND$636,150 $814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
SARATOGA$292,100$373,950$452,000$561,700
   ALBANY-SCHENECTADY-TROY, NY
SCHENECTADY$292,100$373,950$452,000$561,700
   ALBANY-SCHENECTADY-TROY, NY
SCHOHARIE$292,100$373,950$452,000$561,700
   ALBANY-SCHENECTADY-TROY, NY
SCHUYLER$275,665$352,950$426,625 $530,150
SENECA$275,665$352,950 $426,625$530,150
   SENECA FALLS, NY
ST. LAWRENCE$275,665$352,950$426,625$530,150
   OGDENSBURG-MASSENA, NY
STEUBEN$275,665$352,950$426,625$530,150
   CORNING, NY
SUFFOLK$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
SULLIVAN$275,665$352,950$426,625$530,150
TIOGA$275,665$352,950$426,625$530,150
   BINGHAMTON, NY
TOMPKINS$275,665$352,950$426,625$530,150
   ITHACA, NY
ULSTER$275,665$352,950$426,625 $530,150
   KINGSTON, NY
WARREN$275,665$352,950 $426,625$530,150
   GLENS FALLS, NY
WASHINGTON$275,665 $352,950$426,625$530,150
   GLENS FALLS, NY
WAYNE $275,665$352,950$426,625$530,150
   ROCHESTER, NY
WESTCHESTER$636,150$814,500$984,525$1,223,475
   NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
WYOMING$275,665$352,950$426,625$530,150
YATES$275,665$352,950$426,625$530,150
   ROCHESTER, NY