FHA Loan Limits New York 2026
Standard FHA limit: $1,149,825 for a single-family home. FHA rates from 6.08% with just 3.5% down and 580 credit score.
What Are the FHA Loan Limits in New York for 2026?
The 2026 FHA loan limit in New York is $1,149,825 for a single-family home in standard-cost counties, set by HUD based on local median home prices. The national FHA floor is $498,257 and the high-cost ceiling is $1,149,825. With 3.5% down, you need $40,244 to buy at the limit, with an estimated monthly payment of $6,710/month.
2026 FHA Loan Limits in New York by Property Type
| Property Type | Standard Limit | High-Cost Limit | Min Down (3.5%) |
|---|---|---|---|
| 1-Unit (Single Family) | $1,149,825 | $1,149,825 | $40,244 |
| 2-Unit (Duplex) | $1,471,776 | $1,471,776 | $51,512 |
| 3-Unit (Triplex) | $1,782,229 | $1,782,229 | $62,378 |
| 4-Unit (Fourplex) | $2,219,162 | $2,219,162 | $77,671 |
Source: HUD/FHA 2026 Mortgagee Letter. High-cost limits apply to designated high-cost counties only. Verify at hud.gov.
FHA Monthly Payment Estimates in New York
FHA MIP Breakdown (2026):
FHA vs Conventional in New York
| Factor | FHA | Conventional |
|---|---|---|
| Min Down | 3.5% | 3-5% |
| Min Credit Score | 580 | 620 |
| Current Rate | 6.08% | 6.28% |
| Loan Limit | $1,149,825 | $1,149,825 |
| Mortgage Insurance | Life of loan | Removed at 20% equity |
| DTI Limit | Up to 57% | Up to 45-50% |
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Get My FHA Rate Quote →New York FHA Loan Limits FAQ
What is the FHA loan limit in New York for 2026?
The standard FHA loan limit in New York for 2026 is $1,149,825 for a single-family home. High-cost counties may qualify for limits up to $1,149,825. Multi-unit: 2-unit $1,471,776, 3-unit $1,782,229, 4-unit $2,219,162.
What is the minimum down payment for an FHA loan in New York?
Minimum 3.5% with 580+ credit score. On the median home price of $425,000, that is $14,875. With a 500-579 credit score, you need 10% down.
What credit score do I need for an FHA loan in New York?
Minimum 580 for 3.5% down. Scores 500-579 require 10% down. Most FHA lenders in New York prefer 620+ for the best rates. Current FHA rates average 6.08%.
Can I use an FHA loan for a multi-family home in New York?
Yes. FHA loans cover 1-4 unit properties as long as you occupy one unit as your primary residence. The 2026 FHA limit for a 2-unit property in New York is $1,471,776.