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NY
New York
2024 Loan Rules & Limits
📊 Loan Limits (2024)
Conforming Limit
$1,149,825
FHFA single-family baseline
FHA Floor
$1,149,825
HUD single-family baseline
High-Cost Area: Parts of New York may qualify for loan limits up to $1,149,825. Check with your lender for county-specific limits.
💰 Tax Climate
State Income Tax
Yes
🏛️ State Housing Agency
HCR
Available Programs
- SONYMA Achieving the Dream
- SONYMA Low Interest Rate
📋 Lending Notes
NYC boroughs, Nassau, Suffolk (Long Island), Westchester, Rockland, Putnam, and Orange counties are at max limits. NYC transfer and mansion taxes apply. Co-op board approval required for co-op purchases.
Loan limits effective January 1, 2024. Actual limits vary by county. Always verify current limits with your lender or at hud.gov and fhfa.gov.