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Mortgage Loan Limits: Queens County, New York

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Mortgage Loan Limits for Queens County, New York

Conforming Loans
FHA Loans
Property Type
2024 Loan Limit
1-Unit Homes
$1,149,825
2-Unit Homes
$1,472,250
3-Unit Homes
$1,779,525
4-Unit Homes
$2,211,600
Source: Federal Housing Finance Agency; Federal Housing Administration

What’s On This Page

This interactive home buyer tool shows current conforming and FHA mortgage loan limits in the U.S., alongside charts that detail historical local loan limit changes from 1970 to present.

The mortgage loan limits information on this page is sourced from the Federal Housing Finance Agency (FHFA) and the Federal Housing Administration (FHA), and is verified for changes regularly.

As a helpful added resource, this page also contains local home buyer demographic data, provided by the Home Mortgage Disclosure Act.

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

Queens County 2024 mortgage loan limits include the following cities: Queens

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 home type and county, with some counties receiving the high-cost areas designation.

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 Queens County, the 2024 conforming mortgage loan limit for a 1-unit home is $1,149,825. The 2024 FHA mortgage loan limit for a 1-unit home is $1,149,825.

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. In 2024, there are no mortgage loan limits for VA loans or USDA loans.

What are Mortgage Loan Limits?
Video Length: 02:13

Mortgage Loan Limits Near Queens County, New York

Get 2024 conforming and FHA mortgage loan limits for the areas surrounding Queens County, New York. Local loan limits and county-level mortgage data updated regularly.

View Nearby Counties:

Mortgage Loan Limits
Monmouth County, New Jersey
Mortgage Loan Limits
Bronx County, New York
Mortgage Loan Limits
Kings County, New York
Mortgage Loan Limits
Nassau County, New York
Mortgage Loan Limits
New York County, New York
Mortgage Loan Limits
Richmond County, New York
Mortgage Loan Limits
National Data

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

Mortgage loan limits adjust annually to match changes in U.S. home values. As home values go up or down in Queens 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 Queens County, New York

Mortgage statistics for Queens County for the most recently-available five-year period as sourced from the Home Mortgage Disclosure Act (HMDA) database and maintained by the Federal Financial Institutions Examination Council (FFIEC). The HMDA database stores detailed, anonymous loan data on a national basis and provides insight into home buyer traits, mortgage borrowing patterns, and mortgage approval rates. Percentages may not total 100% due to rounding.

Loan Type
Relative Share
Conventional
84.29%
FHA
14.88%
VA
0.83%
USDA
0.00%
Property Type
Relative Share
1-Unit Homes
78.62%
2-Unit Homes
19.87%
3-Unit Homes
1.28%
4-Unit Homes
0.23%
Borrower Status
Relative Share
One Borrower
10.32%
Two or More Borrowers
89.68%
Gender
Relative Share
Male
52.13%
Female
34.86%
Not Specified
13.02%
Race
Relative Share
American Indian / Alaska Native
0.22%
Asian
52.12%
Black / African American
11.11%
Native Hawaiian / Other Pacific Islander
0.43%
White
33.35%
Other
2.77%
Ethnicity
Relative Share
Hispanic or Latino
10.99%
Not Hispanic or Latino
86.83%
Queens 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 Queens County, New York

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

Mortgage Statistics
Monmouth County, New Jersey
Mortgage Statistics
Bronx County, New York
Mortgage Statistics
Kings County, New York
Mortgage Statistics
Nassau County, New York
Mortgage Statistics
New York County, New York
Mortgage Statistics
Richmond County, New York
Mortgage Statistics
National Data

See National 2024 U.S. Mortgage Statistics

Pie chart illustration

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

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