Best FHA Lenders in New York 2026: Top 9 Ranked & Reviewed
Michael Rosenberg
New York FHA Specialist | 17+ Years Experience
January 23, 2026
Looking for the best FHA lenders in New York? New York has 2,400+ FHA-approved lenders, but only 9 consistently deliver the best rates, fastest approvals, and NY market expertise.
6.20%
Average FHA Rate
$650K
Median Home Price
16.8%
FHA Market Share
26 days
Avg Approval
🏆 Top 9 FHA Lenders in New York 2026
Rocket Mortgage - Best Overall FHA Lender New York
14,200+ NY loans funded
Why #1:
- 🚀 Fastest online application (8 minutes)
- 💰 Competitive rates: 6.10%-6.30% APR
- ⚡ Close in 26 days average
- 📱 Best mobile app for NY borrowers
- 🏆 #1 FHA lender in NYC metro
Best For:
Tech-savvy New York buyers who want speed + convenience
📊 FHA Loan Limits New York 2026 by County
| County | Major City | 2026 FHA Limit |
|---|---|---|
| New York (Manhattan) | New York City | $1,149,825 |
| Kings (Brooklyn) | Brooklyn | $1,149,825 |
| Queens | Queens | $1,149,825 |
| Erie | Buffalo | $498,257 |
| Monroe | Rochester | $498,257 |
✅ New York FHA Loan Requirements 2026
Basic Requirements
Credit Score:
580+ for 3.5% down | 500-579 for 10% down
Down Payment:
3.5% minimum ($22,750 on $650K home)
DTI Ratio:
43% max (50% with compensating factors)
Employment:
2 years stable employment history
New York-Specific Info
Property Taxes:
1.72% avg (above US average)
Closing Costs:
2-5% of purchase price ($13K-$32.5K on $650K)
MIP:
1.75% upfront + 0.55% annual
Appraisal:
FHA-approved appraiser required ($600-$900)
❓ FAQ: FHA Loans New York 2026
What is the FHA loan limit in New York?
New York FHA Loan Limits (2026):
- NYC (Manhattan, Brooklyn, Queens, Bronx, Staten Island): $1,149,825
- Most other NY counties: $498,257
This is the maximum home price you can buy with an FHA loan in each county.
Can I buy a condo or co-op with an FHA loan in NYC?
Condos: YES - but the building must be FHA-approved.
Co-ops: DIFFICULT - very few NYC co-ops are FHA-approved.
Check if your building is FHA-approved:
- Search the HUD Approved Condo List
- Ask your real estate agent
- Contact the building management
How much are property taxes with an FHA loan in New York?
New York has above-average property taxes:
Example: $650,000 home
- NYC (Brooklyn): $11,180/year (1.72%)
- Buffalo: $13,000/year (2.00%)
- Rochester: $12,350/year (1.90%)
- Albany: $11,700/year (1.80%)
Property taxes are included in your monthly mortgage payment (PITI).