New York Conforming Loan Limits by County

2021 Fannie Mae, Freddie Mac conforming and jumbo mortgage loan limits. Popular areas include New York, Hempstead, Brookhaven and Islip New York.

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The average homebuyer in New York is looking for a typical home and mortgage—and knowing conforming loan limits can help guide a buyer to finding generous mortgage terms. The conforming loan is a mortgage that fits the guidelines used by Fannie Mae and Freddie Mac, the federal mortgage companies established by the U.S. Congress to stabilize the housing industry. Through the Federal Housing Finance Agency (FHFA), conforming loan limits maximum dollar amounts established to reflect average home prices—are set annually. As the economy fluctuates, so does the mortgage market, so the FHFA House Price Index offers the broad measurement necessary to show the ebb and flow of a changing market. The FHFA House Price Index provides an exhaustive compilation of housing sales (both new sales and refinances) from all U.S. housing markets to accurately reflect trends.

The combination of the FHFA HPI and Fannie Mae and Freddie Mac standards shape the mortgage industry, offering guidance for standard practices in home lending. By meeting these standards, which vary from state to state, conforming loans often offer a lower interest rate and down payment as well as being easier to qualify for with more generous credit score requirements. For lenders, conforming loans are attractive on the resale market, so they are eager to provide a product that has value with the initial loan and is also a safe investment to be sold in the secondary mortgage market. This means that borrowers have a wider market of potential lenders to choose from, increasing the chance of obtaining the best mortgage terms in New York.

Conforming loan limits per county for single units.

County

Property tax rate

Conforming limit

Albany County

2.10%

$548,250

Allegany County

3.27%

$548,250

Bronx County

0.98%

$822,375

Broome County

2.77%

$548,250

Cattaraugus County

3.14%

$548,250

Cayuga County

2.48%

$548,250

Chautauqua County

2.87%

$548,250

Chemung County

2.63%

$548,250

Chenango County

2.62%

$548,250

Clinton County

2.04%

$548,250

Columbia County

1.93%

$548,250

Cortland County

3.15%

$548,250

Delaware County

2.01%

$548,250

Dutchess County

2.23%

$726,525

Erie County

2.58%

$548,250

Essex County

1.74%

$548,250

Franklin County

2.14%

$548,250

Fulton County

2.53%

$548,250

Genesee County

2.81%

$548,250

Greene County

1.80%

$548,250

Hamilton County

1.12%

$548,250

Herkimer County

2.57%

$548,250

Jefferson County

1.66%

$548,250

Kings County

0.66%

$822,375

Lewis County

1.88%

$548,250

Livingston County

2.83%

$548,250

Madison County

2.53%

$548,250

Monroe County

3.22%

$548,250

Montgomery County

3.19%

$548,250

Nassau County

2.11%

$822,375

New York County

0.95%

$822,375

Niagara County

2.91%

$548,250

Oneida County

2.56%

$548,250

Onondaga County

2.80%

$548,250

Ontario County

2.41%

$548,250

Orange County

2.56%

$726,525

Orleans County

3.49%

$548,250

Oswego County

2.84%

$548,250

Otsego County

1.87%

$548,250

Putnam County

2.63%

$822,375

Queens County

0.88%

$822,375

Rensselaer County

2.48%

$548,250

Richmond County

0.92%

$822,375

Rockland County

2.30%

$822,375

Saratoga County

1.63%

$548,250

Schenectady County

2.88%

$548,250

Schoharie County

2.32%

$548,250

Schuyler County

2.29%

$548,250

Seneca County

2.79%

$548,250

St. Lawrence County

2.54%

$548,250

Steuben County

2.75%

$548,250

Suffolk County

2.37%

$822,375

Sullivan County

2.63%

$548,250

Tioga County

2.62%

$548,250

Tompkins County

2.50%

$548,250

Ulster County

2.40%

$548,250

Warren County

1.65%

$548,250

Washington County

2.25%

$548,250

Wayne County

2.93%

$548,250

Westchester County

1.89%

$765,600

Wyoming County

2.82%

$548,250

Yates County

2.16%

$548,250

County

Tax Rate

Limit

Albany County

2.10%

$548,250

Allegany County

3.27%

$548,250

Bronx County

0.98%

$822,375

Broome County

2.77%

$548,250

Cattaraugus County

3.14%

$548,250

Cayuga County

2.48%

$548,250

Chautauqua County

2.87%

$548,250

Chemung County

2.63%

$548,250

Chenango County

2.62%

$548,250

Clinton County

2.04%

$548,250

Columbia County

1.93%

$548,250

Cortland County

3.15%

$548,250

Delaware County

2.01%

$548,250

Dutchess County

2.23%

$726,525

Erie County

2.58%

$548,250

Essex County

1.74%

$548,250

Franklin County

2.14%

$548,250

Fulton County

2.53%

$548,250

Genesee County

2.81%

$548,250

Greene County

1.80%

$548,250

Hamilton County

1.12%

$548,250

Herkimer County

2.57%

$548,250

Jefferson County

1.66%

$548,250

Kings County

0.66%

$822,375

Lewis County

1.88%

$548,250

Livingston County

2.83%

$548,250

Madison County

2.53%

$548,250

Monroe County

3.22%

$548,250

Montgomery County

3.19%

$548,250

Nassau County

2.11%

$822,375

New York County

0.95%

$822,375

Niagara County

2.91%

$548,250

Oneida County

2.56%

$548,250

Onondaga County

2.80%

$548,250

Ontario County

2.41%

$548,250

Orange County

2.56%

$726,525

Orleans County

3.49%

$548,250

Oswego County

2.84%

$548,250

Otsego County

1.87%

$548,250

Putnam County

2.63%

$822,375

Queens County

0.88%

$822,375

Rensselaer County

2.48%

$548,250

Richmond County

0.92%

$822,375

Rockland County

2.30%

$822,375

Saratoga County

1.63%

$548,250

Schenectady County

2.88%

$548,250

Schoharie County

2.32%

$548,250

Schuyler County

2.29%

$548,250

Seneca County

2.79%

$548,250

St. Lawrence County

2.54%

$548,250

Steuben County

2.75%

$548,250

Suffolk County

2.37%

$822,375

Sullivan County

2.63%

$548,250

Tioga County

2.62%

$548,250

Tompkins County

2.50%

$548,250

Ulster County

2.40%

$548,250

Warren County

1.65%

$548,250

Washington County

2.25%

$548,250

Wayne County

2.93%

$548,250

Westchester County

1.89%

$765,600

Wyoming County

2.82%

$548,250

Yates County

2.16%

$548,250

The conforming loan limit in New York City New York is $822,375.
The conforming loan limit in Hempstead New York is $822,375.
The conforming loan limit in Brookhaven New York is $822,375.
The conforming loan limit in Islip New York is $822,375.
The conforming loan limit in Oyster Bay New York is $822,375.

Get started with a purchase or refinance mortgage loan today in New York.

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