Fact Checked

2023 Mortgage Loan Limits: New York County, New York

Dan Green
Author: Dan Green
Last Updated: July 28, 2023
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2023 Mortgage Loan Limits for New York County, New York

Conforming Loans
FHA Loans
Property Type
2023 Loan Limit
1-Unit Homes
$1,089,300
2-Unit Homes
$1,394,775
3-Unit Homes
$1,685,850
4-Unit Homes
$2,095,200
Source: Federal Housing Finance Agency; Federal Housing Administration

New York County, New York, mortgage loan limits apply in:

New York County 2023 mortgage loan limits include the following cities: Manhattan

What is a mortgage loan limit?

Mortgage loan limits are the upper boundaries for how much a home buyer can borrow on a mortgage. Loan limits vary by county and home type.

The Federal Housing Finance Agency (FHFA) sets mortgage loan limits for conforming mortgages and the Federal Housing Administration (FHA) sets loan limits for FHA mortgages. In New York County, the 2023 conforming mortgage loan limit for a 1-unit home is $1,089,300. The 2023 FHA mortgage loan limit for a 1-unit home is $1,089,300.

Conforming and FHA mortgage loan limits change annually to reflect changes in local and national home values. Loans that exceed conforming loan limit sizes are commonly called jumbo mortgages. As of 2023, there are no mortgage loan limits for VA loans or USDA loans.

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Mortgage Loan Limits Near New York County, New York

Get 2023 conforming and FHA mortgage loan limits for the areas surrounding New York County, New York. Local loan limits and county-level mortgage data updated regularly.

View Nearby Counties:

Historical Charts: Mortgage Loan Limits in New York County, New York

Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in New York County, so do the local loan limits. Changes in mortgage loan limits promote affordable homeownership, fair lending, and a balanced housing market.

Conforming Loans
FHA Loans

Mortgage Statistics from New York County, New York

Mortgage statistics for New York County, sourced from the Home Mortgage Disclosure Act (HMDA) database, maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database contains detailed, anonymous loan data and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.

New York County, New York (2018-2022)

Loan Type
Relative Share
Conventional
99.95%
FHA
0.00%
VA
0.04%
USDA
0.00%
Property Type
Relative Share
1-Unit Homes
99.32%
2-Unit Homes
0.43%
3-Unit Homes
0.16%
4-Unit Homes
0.10%
Borrower Status
Relative Share
One Borrower
2.00%
Two or More Borrowers
98.00%
Gender
Relative Share
Male
58.97%
Female
37.38%
Not Specified
3.65%
Race
Relative Share
American Indian / Alaska Native
0.11%
Asian
22.65%
Black / African American
2.49%
Native Hawaiian / Other Pacific Islander
0.08%
White
69.05%
Other
5.61%
Ethnicity
Relative Share
Hispanic or Latino
4.22%
Not Hispanic or Latino
92.99%
New York County data represents closed-end, first-lien purchase mortgages for residential properties, 1-4 units, for the 5-year period 2018-2022. Source: FFEIC Home Mortgage Disclosure Act

Mortgage Statistics Near New York County, New York

Get mortgage statistics for the areas surrounding New York County, New York.

See National 2023 U.S. Mortgage Statistics

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See Today’s Mortgage Rates in New York County, New York

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