Avg Home Value
$490,000
Lending Limit
$1,209,750
New York Housing Market Analysis
The housing market in New York is stable, with average values sitting at $490,000. This places most homeowners comfortably within the FHA's lending limits, ensuring you get the full benefit of federal insurance protections.
Loan Limits in New York
For 2026, the federal lending limit is $1,209,750.
Since the median home value in New York is below this cap, your loan amount will be determined strictly by your age and current interest rates, not by the lending cap.
Specific Laws for New York
New York has specific regulations that go beyond federal HUD guidelines:
Co-op apartments are NOT eligible for HECMs in NY. Only 1-4 family homes and approved condos.
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