New York FHA Loan Rates, Closing Costs & Stats

New York-Newark-Jersey City, NY-NJ-PA

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    • FHA loans are mortgages created in the 1930's to help insulate lenders from credit risks and help promote home ownership. The Federal Housing Administration (hence, FHA) allows for lower downpayments and credit scores-- making these loans much more accessible than traditional mortgages.

    FHA loans typically need just a 3.5% downpayment with credit scores of 580 or better. For credit scores between 500-579, the downpayment needs to be at least 10%.

    While FHA loans make home ownership much more accessible to first-time homebuyers, they do require PMI (purchase money insurance)-- an additional insurance premium that is paid to the FHA to help cover defaults.

    For additional requirements as defined by the FHA, click here.

    New York's 234 lenders originated 17,109 FHA loans during 2024. The total origination value was $9,127,975,000, with an average FHA loan value of $533,519.

    New York FHA Loans, 30 Year Fixed Rates

    30 Year FHA mortgages in New York averaged 6.92% for the week of 2025-05-23, compared to the national average (all FHA variants) of 6.612% for the same period.

    New York's average FHA mortgage closing costs are $15,305.

    The average rate for the prior week (2025-05-16) was 6.65% and one month ago for the week of 2025-04-18, the average rate was 6.57%.

    The average rate one year ago was 7.05%.

    For refis of the same type during the week of 2025-05-23, the average rate was 7%.

    Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations.

    New York FHA Loan Lenders by Rates & Fees

    The below table looks at the average fees/closing costs and rates for FHA 30 Year Fixed Rate (purchase, first lien) mortgages originated by each lender at the New York level.

    Name # of Loans 2024 Avg. 30yFix Rate 2024 Avg. Closing Costs
    UNITED WHOLESALE MORTGAGE, LLC 1,845 6.11% $25,236
    QUICKEN LOANS, LLC 1,245 6.23% $18,563
    CROSSCOUNTRY MORTGAGE, LLC 1,125 6.51% $20,971
    PENNYMAC LOAN SERVICES, LLC 608 6.06% $20,048
    NATIONWIDE MORTGAGE BANKERS, INC. 596 6.59% $28,603
    AMERICAN NEIGHBORHOOD MORTGAGE ACCEPTANCE COMPANY LLC 402 6.36% $19,482
    FREEDOM MORTGAGE CORPORATION 398 6.42% $20,494
    CONTOUR MORTGAGE CORPORATION 397 6.49% $25,435
    Paramount Residential Mortgage Group, Inc. 382 6.34% $22,354
    LOANDEPOT.COM, LLC 377 6.30% $17,792
    GUARANTEED RATE, INC. 319 6.23% $18,576
    UNITED MORTGAGE CORP 317 6.53% $28,399
    ABSOLUTE HOME MORTGAGE CORPORATION 292 6.47% $20,553
    The Federal Savings Bank 289 6.27% $27,229
    CARDINAL FINANCIAL 287 6.52% $25,974
    NEWREZ LLC 270 6.32% $21,584
    CMG MORTGAGE, INC. 261 6.57% $22,426
    East Coast Capital Corp. 214 6.43% $26,852
    PLAZA HOME MORTGAGE, INC. 205 6.45% $25,883
    NJ LENDERS CORP. 204 6.40% $16,515
    MOVEMENT MORTGAGE, LLC 187 6.48% $21,389
    MEADOWBROOK FINANCIAL MORTGAGE BANKERS CORP. 180 6.51% $30,339
    BROKER SOLUTIONS, INC. 177 6.57% $22,241
    Advisors Mortgage Group, L.L.C. 167 6.41% $14,871
    Equity Prime Mortgage LLC 160 6.44% $25,239
    Mr. Cooper ( Nationstar Mortgage ) 157 6.38% $21,180
    Carrington Mortgage Services, LLC 150 6.36% $23,967
    VILLAGE CAPITAL MORTGAGE 139 6.35% $15,690
    HOMEBRIDGE FINANCIAL SERVICES, INC. 136 6.29% $23,372
    CLIFFCO, INC. 131 6.44% $24,800
    AMERICAN FINANCIAL NETWORK, INC. 116 6.48% $25,453
    Flagstar Bank, FSB 114 6.38% $27,072
    UNITED NORTHERN MORTGAGE BANKERS LIMITED 114 6.50% $22,960
    FAIRWAY INDEPENDENT MORTGAGE CORPORATION 106 6.48% $22,165
    BOND STREET MORTGAGE, LLC 100 6.31% $19,075
    NORWICH COMMERCIAL GROUP, INC. 98 6.25% $28,459
    MLB RESIDENTIAL LENDING, LLC 98 6.78% $24,076
    EMBRACE HOME LOANS, INC. 94 6.32% $18,394
    RELIANCE FIRST CAPITAL, LLC 94 6.45% $22,647
    PLANET HOME LENDING, LLC 89 6.04% $14,027
    Cornerstone First Mortgage, Inc 87 6.47% $21,529
    FIRST ALLIANCE HOME MORTGAGE, LLC 79 6.44% $24,054
    EMM LOANS LLC 72 6.48% $20,268
    Century Mortgage Company DBA Century Lending Company 72 6.24% $18,388
    JET DIRECT FUNDING CORP 69 6.55% $28,996
    SUN WEST MORTGAGE COMPANY, INC. 67 6.41% $23,399
    UNION HOME MORTGAGE CORP. 65 6.49% $20,713
    HARTFORD FUNDING, LTD. 60 6.51% $27,545
    PANORAMA MORTGAGE GROUP, LLC 58 6.62% $26,018
    MUTUAL OF OMAHA MORTGAGE, INC. 58 6.34% $24,371
    ALLIED MORTGAGE GROUP, INC. 57 6.18% $18,152
    M&T Bank 55 6.29% $17,448
    Nations Lending Corporation 53 6.72% $18,868
    JPMorgan Chase Bank 53 6.32% $14,390
    MLD MORTGAGE INC. 53 6.25% $17,875
    LAKEVIEW LOAN SERVICING, LLC 53 6.29% $14,782
    AMERISAVE MORTGAGE CORPORATION 52 6.05% $21,131
    1ST 2ND MORTGAGE COMPANY OF N.J., INC. 45 6.43% $21,469
    FIRST COLONY MORTGAGE CORPORATION 40 6.01% $19,833
    Lakeview Community Capital, LLC 39 6.26% $12,698
    Quontic Bank 39 6.25% $30,355
    NFM, INC. 37 6.70% $21,724
    INTERSTATE HOME LOAN CENTER, INC. 37 6.37% $28,023
    GUARANTEED RATE AFFINITY, LLC 37 6.38% $18,411
    Plains Commerce Bank 34 6.48% $23,121
    JMAC LENDING, INC. 34 6.23% $20,006
    Citizens Bank 34 6.37% $23,027
    MILLENIUM HOME MORTGAGE, LLC 34 6.39% $16,352
    AmeriHome Mortgage Company, LLC 33 6.42% $13,594
    HOMESIDE FINANCIAL, LLC 33 6.15% $25,151
    MORTGAGE ACCESS CORP. 31 6.17% $16,249
    FM Home Loans, LLC 31 6.52% $21,066
    CONTINENTAL MORTGAGE BANKERS, INC. 30 6.05% $24,611
    US MORTGAGE CORPORATION 30 6.52% $24,109
    Prosperity Home Mortgage, LLC 30 6.24% $15,611
    Wells Fargo Bank 29 6.04% $17,547
    MID-ISLAND MORTGAGE CORP. 29 6.26% $22,708
    Keystone Funding, Inc. 25 6.13% $25,579
    TD Bank 25 6.65% $16,068
    PHH Mortgage Corporation 25 5.99% $15,233
    GENEVA FINANCIAL, LLC 24 6.53% $25,888
    EVERETT FINANCIAL, INC. 24 6.76% $23,012
    Gateway First Bank 23 6.59% $14,114
    U.S. Bank 23 6.27% $15,242
    NVR Mortgage Finance, Inc. 23 6.41% $17,690
    JERSEY MORTGAGE COMPANY OF NEW JERSEY, INC. 22 6.62% $20,625
    PINNACLE MORTGAGE, INC. 21 6.39% $19,553
    NATIONS DIRECT MORTGAGE, LLC 21 6.18% $18,282
    Bethpage Federal Credit Union 21 6.85% $4,437
    TOTAL MORTGAGE SERVICES, LLC 21 6.38% $21,952
    Northpointe Bank 21 6.33% $18,890
    NETWORK CAPITAL FUNDING CORPORATION 20 6.11% $23,542
    Acre Mortgage and Financial Inc 20 6.72% $19,544
    SUCCESS MORTGAGE PARTNERS, INC. 20 6.47% $22,403
    1ST PRIORITY MORTGAGE, INC. 19 6.24% $18,343
    OCMBC, INC. 18 6.40% $20,170
    PRIMELENDING, A PLAINSCAPITAL COMPANY 18 6.66% $19,222
    BAYSHORE MORTGAGE FUNDING, LLC 18 6.76% $20,336
    Ixonia Bank 17 6.46% $13,596
    INTELLILOAN, INC. 17 6.09% $9,302
    Unity Bank 17 6.34% $15,739
    Magnolia Bank 17 6.60% $22,923
    ARK-LA-TEX FINANCIAL SERVICES, LLC. 17 6.68% $14,495
    AMERICAN FINANCING CORPORATION 17 5.90% $16,539
    DHI MORTGAGE COMPANY, LTD. 16 6.19% $15,736
    GREENWAY MORTGAGE FUNDING CORP. 16 6.51% $20,737
    LOANPAL, LLC 16 5.57% $20,301
    Bank of America 16 6.32% $17,107
    Provident Bank 16 6.57% $15,880
    DEVELOPER'S MORTGAGE COMPANY 15 6.52% $18,979
    GREENTREE MORTGAGE COMPANY, L.P. 15 6.17% $12,006
    AMERICAN FINANCIAL RESOURCES, INC. 15 6.90% $20,730
    LYNX MORTGAGE BANK LLC 15 6.40% $20,270
    TOWNE MORTGAGE COMPANY 13 6.64% $22,817
    Evolve Bank & Trust 12 6.33% $16,383
    BETTER MORTGAGE CORPORATION 12 6.20% $17,483
    Valley National Bank 11 6.23% $18,958
    A&D Mortgage LLC 11 6.57% $29,653
    VERITAS FUNDING, LLC 11 6.45% $22,218
    ASSOCIATED MORTGAGE BANKERS, INC. 10 6.81% $22,578
    MORTGAGE SOLUTIONS OF COLORADO, LLC 10 7.09% $23,591
    K. HOVNANIAN AMERICAN MORTGAGE, L.L.C. 10 6.10% $20,751
    RESIDENTIAL HOME MORTGAGE CORPORATION 9 6.69% $18,581
    GUILD MORTGAGE COMPANY 9 6.53% $18,329
    MY MORTGAGE, INC. 9 6.63% $26,185
    AMERICAN FEDERAL MORTGAGE CORPORATION 9 6.28% $11,576
    AFFORDABLE MORTGAGE ADVISORS, LLC. 8 6.63% $25,210
    LIBERTY HOME MORTGAGE CORPORATION 8 6.53% $17,472
    BAY EQUITY LLC 8 6.33% $16,450
    PATRIOT ONE MORTGAGE BANKERS, LLC 8 6.45% $34,625
    NBKC BANK 8 5.95% $11,848
    SECURITYNATIONAL MORTGAGE COMPANY 8 6.48% $26,094
    ROYAL UNITED MORTGAGE LLC 8 6.78% $25,677
    PENTAGON FEDERAL CREDIT UNION 8 6.09% $14,726
    OCEANSIDE MORTGAGE COMPANY 8 6.12% $9,906
    OceanFirst Bank 8 5.92% $14,474
    The Loan Store, Inc. 7 6.11% $18,614
    LADERA LENDING, INC. 7 6.09% $18,805
    GLENDENNING MORTGAGE CORPORATION 7 6.61% $14,759
    Meridian Bank Corporation 7 6.52% $17,444
    LOANLEADERS OF AMERICA, INC. 7 5.54% $19,710
    Fulton Bank 7 6.29% $18,632
    ZILLOW HOME LOANS, LLC 6 6.44% $16,832
    ATLANTIS MORTGAGE CO., INC. 6 6.75% $13,872
    Citibank 6 6.19% $16,798
    PNC Bank 6 6.77% $15,706
    Princeton Mortgage Corporation 6 6.33% $13,661
    Texana Bank 6 6.27% $25,748
    TJC Mortgage, Inc. 6 6.06% $12,344
    HOMESTEAD FUNDING CORP. 5 6.43% $14,587
    NP, Inc. 5 6.53% $17,630
    CIBM Bank 5 6.70% $14,785
    Semper Home Loans, Inc. 5 6.40% $21,727
    RESIDENTIAL BANCORP 5 6.52% $17,092
    First Federal Bank 5 6.08% $18,577
    Barrington Bank & Trust Company, N.A. 5 6.30% $16,430
    TIDEWATER MORTGAGE SERVICES, INC. 5 6.58% $14,977
    Mortgage Research Center, LLC 5 6.17% $16,464
    WALL STREET MORTGAGE BANKERS, LTD. 5 5.95% $28,933
    Summit Mortgage Corporation 5 6.17% $10,546
    Hometown Equity Mortgage, LLC 5 5.85% $23,117
    Waterstone Mortgage Corporation 4 6.69% $24,968
    GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION 4 6.87% $20,204
    NATION ONE MORTGAGE CORPORATION 4 6.59% $31,000
    SWBC MORTGAGE CORPORATION 4 6.81% $7,659
    Kwik Mortgage Corporation 4 6.03% $14,480
    FIRST COMMUNITY MORTGAGE, INC. 4 6.43% $22,133
    Mid Penn Bank 3 5.54% $15,749
    NATIONWIDE EQUITIES CORPORATION 3 6.50% $18,773
    LENDING CAPITAL GROUP Inc 3 6.17% $24,158
    FIRST HERITAGE FINANCIAL, LLC 3 6.04% $14,741
    POLARIS HOME FUNDING CORP. 3 7.13% $16,692
    PRIMARY RESIDENTIAL MORTGAGE, INC. 3 7.33% $21,030
    EAGLE HOME MORTGAGE, LLC 3 5.58% $20,773
    Residential Mortgage Solutions, Inc. 3 6.13% $21,331
    1st Colonial Community Bank 3 6.58% $11,991
    Bank of England 3 6.46% $21,494
    Arvest Bank 3 6.17% $13,308
    AMERITRUST MORTGAGE CORPORATION 3 6.33% $19,788
    MICHIGAN MUTUAL, INC. 2 6.25% $19,580
    MEMBER FIRST MORTGAGE, LLC 2 6.63% $11,811
    BMO Harris Bank 2 6.69% $22,456
    KeyBank 2 5.75% $13,354
    FIRST HOME MORTGAGE CORPORATION 2 7.19% $13,840
    Sierra Pacific Mortgage Company, Inc. 2 6.25% $19,613
    BAY-VALLEY MORTGAGE GROUP 2 5.75% $29,484
    NEXERA HOLDING LLC 2 5.63% $10,446
    AmRes Corporation 2 6.75% $27,046
    First Citizens Community Bank 2 6.69% $12,943
    Fifth Third Bank 2 6.56% $18,160
    RADIUS FINANCIAL GROUP INC. 2 6.00% $9,701
    MDE Home Loans, LLC 1 6.75% $19,278
    City Lending Inc. 1 8.25% $21,650
    CITY FIRST MORTGAGE SERVICES, L.L.C. 1 6.63% $22,390
    Home Loan Investment Bank, F.S.B. 1 5.75% $19,984
    SOUTHPOINT FINANCIAL SERVICES, INC. 1 6.13% $19,505
    Strong Home Mortgage, LLC 1 5.63% $11,222
    Home Mortgage Alliance Corp 1 6.50% $19,916
    CANOPY MORTGAGE, LLC 1 6.00% $25,829
    T2 FINANCIAL LLC 1 6.75% $19,802
    CALCON MUTUAL MORTGAGE LLC 1 6.25% $18,795
    AMERICAN BANCSHARES MORTGAGE 1 5.25% $29,599
    BRIDGEVIEW MORTGAGE CORP. 1 6.75% $34,882
    The Freedom Bank of Virginia 1 6.25% $12,950
    The Huntington National Bank 1 6.50% $12,384
    BM Real Estate Services, Inc. 1 6.25% $14,644
    The Union Bank Company 1 6.13% $10,618
    LAND HOME FINANCIAL SERVICES, INC. 1 7.00% $17,777
    Blue Ridge Bank 1 5.75% $33,018
    TruHome Solutions, LLC 1 6.63% $14,549
    BAYCOAST MORTGAGE COMPANY, LLC 1 5.63% $16,790
    NEW DAY FINANCIAL, LLC 1 7.74% $9,736
    MORTGAGE EQUITY PARTNERS LLC 1 5.75% $24,038
    Axos Bank 1 6.25% $15,735
    Mortgage America, Inc. 1 6.63% $11,985
    Armed Forces Bank 1 6.63% $29,675
    GEO-CORP, INC. 1 8.25% $26,797
    ARK MORTGAGE, INC. 1 9.50% $11,316
    First Federal Bank, A FSB 1 6.63% $13,390
    GREENSTATE CREDIT UNION 1 6.13% $11,142
    Old National Bank 1 6.25% $11,241
    Vellum Mortgage, Inc. 1 7.38% $14,546
    GSF Mortgage Corporation 1 6.63% $12,822
    PREMIER MORTGAGE RESOURCES, L.L.C. 1 7.25% $10,183
    Premium Mortgage Corporation 1 6.63% $13,221
    FBC MORTGAGE, LLC 1 5.75% $27,181
    Webster Bank 1 6.25% $21,355
    EQUITY RESOURCES, INC. 1 6.50% $9,374
    PULTE MORTGAGE LLC 1 6.00% $11,404
    DIRECT MORTGAGE LOANS, LLC 1 6.50% $19,559
    DATA MORTGAGE, INC. 1 5.50% $28,791
    DAS Acquisition Company, LLC 1 6.75% $37,450
    HARBORONE MORTGAGE, LLC 1 6.38% $11,353
    Commerce Home Mortgage, Inc. 1 6.00% $19,597

    The top New York FHA lender as defined by loan originations is UNITED WHOLESALE MORTGAGE, LLC, with 1,845 FHA loans originated. Their average total fees are $25,236, which is $6,672 higher than the next largest lender, QUICKEN LOANS, LLC.

    The lowest fee New York FHA lenders (with over 10 loans originated) are Bethpage Federal Credit Union ($4,437), INTELLILOAN, INC. ($9,302), GREENTREE MORTGAGE COMPANY, L.P. ($12,006), Lakeview Community Capital, LLC ($12,698) and AmeriHome Mortgage Company, LLC ($13,594).

    The lowest rate New York FHA lenders (with over 10 loans originated) are LOANPAL, LLC (5.57%), AMERICAN FINANCING CORPORATION (5.90%), PHH Mortgage Corporation (5.99%), FIRST COLONY MORTGAGE CORPORATION (6.01%) and Wells Fargo Bank (6.04%).

    New York FHA Loan Limits

    Metro County Year Single Family Limit 2 Family Limit 3 Family Limit 4 Family Limit
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA BERGEN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA ESSEX 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA HUDSON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA HUNTERDON 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA MIDDLESEX 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA MONMOUTH 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA MORRIS 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA OCEAN 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PASSAIC 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA SOMERSET 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA SUSSEX 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA UNION 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA BRONX 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA KINGS 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA NASSAU 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA NEW YORK 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PUTNAM 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA QUEENS 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA RICHMOND 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA ROCKLAND 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA SUFFOLK 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA WESTCHESTER 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PIKE 2022 $970,800 $1,243,050 $1,502,475 $1,867,275
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA BERGEN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA ESSEX 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA HUDSON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA HUNTERDON 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA MIDDLESEX 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA MONMOUTH 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA MORRIS 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA OCEAN 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PASSAIC 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA SOMERSET 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA SUSSEX 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA UNION 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA BRONX 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA KINGS 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA NASSAU 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA NEW YORK 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PUTNAM 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA QUEENS 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA RICHMOND 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA ROCKLAND 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA SUFFOLK 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA WESTCHESTER 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200
    NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA PIKE 2023 $1,089,300 $1,394,775 $1,685,850 $2,095,200

    Market Conditions (Median, Average Prices & Listing Count)

    Realtor.com - New York (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Price (YoY Change) Average Listing Price (YoY) MSA/US Median Price Ratio Active Listings
    2018-01-01 $504,500 (12.2%) $1,201,897 (11.3%) 1.87 47,166
    2018-02-01 $525,000 (13.2%) $1,203,837 (6.8%) 1.91 49,645
    2018-03-01 $539,900 (11.9%) $1,180,874 (3.9%) 1.89 53,178
    2018-04-01 $551,925 (10.6%) $1,177,424 (1.1%) 1.87 56,296
    2018-05-01 $569,000 (10.7%) $1,170,846 (1.2%) 1.90 61,351
    2018-06-01 $569,500 (9.5%) $1,152,998 (-0.1%) 1.90 64,304
    2018-07-01 $564,000 (8.7%) $1,133,502 (-0.8%) 1.88 64,929
    2018-08-01 $550,000 (10.1%) $1,099,883 (-1.9%) 1.84 64,092
    2018-09-01 $559,000 (10.7%) $1,107,855 (-2.7%) 1.88 64,664
    2018-10-01 $559,000 (7.0%) $1,118,438 (-4.1%) 1.89 65,012
    2018-11-01 $559,000 (7.6%) $1,130,071 (-3.5%) 1.89 62,638
    2018-12-01 $549,000 (7.7%) $1,130,081 (-4.4%) 1.89 56,644
    2019-01-01 $545,000 (8.0%) $1,129,579 (-6.0%) 1.88 52,146
    2019-02-01 $549,450 (4.7%) $1,141,878 (-5.2%) 1.86 54,158
    2019-03-01 $562,429 (4.2%) $1,142,378 (-3.3%) 1.84 57,717
    2019-04-01 $579,000 (4.9%) $1,138,134 (-3.3%) 1.84 61,682
    2019-05-01 $595,000 (4.6%) $1,143,100 (-2.4%) 1.86 67,046
    2019-06-01 $595,000 (4.5%) $1,134,390 (-1.6%) 1.86 68,877
    2019-07-01 $582,500 (3.3%) $1,121,491 (-1.1%) 1.82 67,789
    2019-08-01 $581,250 (5.7%) $1,115,765 (1.4%) 1.84 66,922
    2019-09-01 $583,359 (4.4%) $1,128,472 (1.9%) 1.87 66,095
    2019-10-01 $585,000 (4.7%) $1,138,560 (1.8%) 1.89 64,996
    2019-11-01 $579,000 (3.6%) $1,151,286 (1.9%) 1.90 61,217
    2019-12-01 $579,000 (5.5%) $1,177,565 (4.2%) 1.93 53,425
    2020-01-01 $572,350 (5.0%) $1,186,442 (5.0%) 1.91 49,253
    2020-02-01 $579,900 (5.5%) $1,189,724 (4.2%) 1.90 50,657
    2020-03-01 $599,000 (6.5%) $1,194,646 (4.6%) 1.88 52,118
    2020-04-01 $599,000 (3.5%) $1,235,750 (8.6%) 1.88 48,239
    2020-05-01 $599,000 (0.7%) $1,210,559 (5.9%) 1.82 47,909
    2020-06-01 $607,500 (2.1%) $1,202,446 (6.0%) 1.79 50,565
    2020-07-01 $629,500 (8.1%) $1,216,514 (8.5%) 1.82 53,814
    2020-08-01 $649,000 (11.7%) $1,257,237 (12.7%) 1.86 53,868
    2020-09-01 $649,450 (11.3%) $1,270,263 (12.6%) 1.86 54,158
    2020-10-01 $650,000 (11.1%) $1,299,537 (14.1%) 1.86 55,226
    2020-11-01 $649,950 (12.3%) $1,314,171 (14.2%) 1.90 51,807
    2020-12-01 $649,950 (12.3%) $1,335,674 (13.4%) 1.93 46,561
    2021-01-01 $649,900 (13.6%) $1,383,033 (16.6%) 1.94 40,170
    2021-02-01 $650,000 (12.1%) $1,406,220 (18.2%) 1.89 38,479
    2021-03-01 $649,000 (8.4%) $1,390,012 (16.4%) 1.84 38,238
    2021-04-01 $650,000 (8.5%) $1,399,533 (13.3%) 1.76 39,848
    2021-05-01 $650,000 (8.5%) $1,387,307 (14.6%) 1.73 42,006
    2021-06-01 $649,000 (6.8%) $1,349,941 (12.3%) 1.71 44,487
    2021-07-01 $629,000 (-0.1%) $1,307,328 (7.5%) 1.66 44,712
    2021-08-01 $622,500 (-4.1%) $1,291,987 (2.8%) 1.66 44,180
    2021-09-01 $618,500 (-4.8%) $1,294,946 (1.9%) 1.65 43,158
    2021-10-01 $625,000 (-3.9%) $1,312,885 (1.0%) 1.67 43,093
    2021-11-01 $625,000 (-3.8%) $1,361,690 (3.6%) 1.67 38,713
    2021-12-01 $625,000 (-3.8%) $1,394,618 (4.4%) 1.69 32,598
    2022-01-01 $625,000 (-3.8%) $1,504,762 (8.8%) 1.69 27,898
    2022-02-01 $644,000 (-0.9%) $1,450,307 (3.1%) 1.67 28,275
    2022-03-01 $649,995 (0.2%) $1,458,486 (4.9%) 1.63 30,199
    2022-04-01 $669,000 (2.9%) $1,456,215 (4.1%) 1.59 31,856
    2022-05-01 $677,000 (4.2%) $1,441,821 (3.9%) 1.55 35,674
    2022-06-01 $677,000 (4.3%) $1,388,419 (2.9%) 1.51 38,371
    2022-07-01 $669,000 (6.4%) $1,347,598 (3.1%) 1.51 40,503
    2022-08-01 $659,000 (5.9%) $1,330,826 (3.0%) 1.52 39,661
    2022-09-01 $669,950 (8.3%) $1,378,224 (6.4%) 1.57 39,189
    2022-10-01 $675,000 (8.0%) $1,467,986 (11.8%) 1.59 39,578
    2022-11-01 $675,000 (8.0%) $1,509,960 (10.9%) 1.62 38,208
    2022-12-01 $670,000 (7.2%) $1,533,266 (9.9%) 1.65 33,581
    2023-01-01 $672,000 (7.5%) $1,560,973 (3.7%) 1.66 30,337
    2023-02-01 $688,972 (7.0%) $1,590,325 (9.7%) 1.66 29,853
    2023-03-01 $699,000 (7.5%) $1,602,684 (9.9%) 1.65 29,858
    2023-04-01 $701,690 (4.9%) $1,624,018 (11.5%) 1.63 31,008
    2023-05-01 $744,500 (10.0%) $1,685,172 (16.9%) 1.69 32,101
    2023-06-01 $749,000 (10.6%) $1,637,472 (17.9%) 1.68 32,923
    2023-07-01 $745,000 (11.4%) $1,605,600 (19.2%) 1.69 32,747
    2023-08-01 $725,000 (10.0%) $1,569,186 (17.9%) 1.66 32,397
    2023-09-01 $725,000 (8.2%) $1,554,526 (12.8%) 1.69 34,332
    2023-10-01 $737,000 (9.2%) $1,621,804 (10.5%) 1.73 33,514
    2023-11-01 $737,400 (9.2%) $1,682,664 (11.4%) 1.76 33,823
    2023-12-01 $748,000 (11.6%) $1,777,494 (15.9%) 1.82 28,830
    2024-01-01 $749,000 (11.5%) $1,759,249 (12.7%) 1.83 26,598
    2024-02-01 $752,500 (9.2%) $1,702,306 (7.0%) 1.81 26,866
    2024-03-01 $770,000 (10.2%) $1,696,188 (5.8%) 1.81 28,525
    2024-04-01 $775,000 (10.5%) $1,704,077 (4.9%) 1.80 30,602
    2024-05-01 $793,676 (6.6%) $1,725,552 (2.4%) 1.81 32,223
    2024-06-01 $779,999 (4.1%) $1,658,746 (1.3%) 1.77 33,850
    2024-07-01 $775,000 (4.0%) $1,634,047 (1.8%) 1.77 33,665
    2024-08-01 $759,000 (4.7%) $1,594,139 (1.6%) 1.77 33,000
    2024-09-01 $772,500 (6.6%) $1,659,806 (6.8%) 1.82 34,784
    2024-10-01 $774,847 (5.1%) $1,664,983 (2.7%) 1.82 34,793
    2024-11-01 $768,000 (4.2%) $1,656,035 (-1.6%) 1.84 33,340
    2024-12-01 $750,000 (0.3%) $1,667,772 (-6.2%) 1.86 28,853
    2025-01-01 $750,000 (0.1%) $1,679,477 (-4.5%) 1.87 26,691
    2025-02-01 $766,889 (1.9%) $1,686,342 (-0.9%) 1.86 27,148
    2025-03-01 $780,000 (1.3%) $1,671,028 (-1.5%) 1.84 29,480
    2025-04-01 $789,450 (1.9%) $1,651,597 (-3.1%) 1.83 31,571
    New York's median listing price for 2025-04-01 was $789,450, a difference of $14,450 (1.9%) versus the prior year and $9,450 versus the prior month.

    New York's median listing price comes in at 183% of the national average.

    New York's average listing price for 2025-04-01 was $1,651,597, a difference of $-52,480 (-3.1%) versus the prior year and $-19,431 versus the prior month.

    For the 2025-04-01 period, New York had 31,571 MLS listings, a difference of 2,091 listings (7%) versus the prior month and 969 listings (3%) versus the prior year.

    Median Listing Time on Market & Square Footage

    Realtor.com - New York (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis
    Date Median Listing Time on Market Median Square Footage
    2018-01-01 83 days 1,843 sqft
    2018-02-01 72 days 1,857 sqft
    2018-03-01 52 days 1,880 sqft
    2018-04-01 50 days 1,894 sqft
    2018-05-01 46 days 1,909 sqft
    2018-06-01 50 days 1,920 sqft
    2018-07-01 59 days 1,920 sqft
    2018-08-01 64 days 1,913 sqft
    2018-09-01 66 days 1,900 sqft
    2018-10-01 63 days 1,888 sqft
    2018-11-01 65 days 1,866 sqft
    2018-12-01 78 days 1,840 sqft
    2019-01-01 82 days 1,821 sqft
    2019-02-01 72 days 1,831 sqft
    2019-03-01 59 days 1,865 sqft
    2019-04-01 50 days 1,904 sqft
    2019-05-01 50 days 1,919 sqft
    2019-06-01 55 days 1,928 sqft
    2019-07-01 64 days 1,920 sqft
    2019-08-01 67 days 1,915 sqft
    2019-09-01 68 days 1,906 sqft
    2019-10-01 69 days 1,900 sqft
    2019-11-01 71 days 1,850 sqft
    2019-12-01 85 days 1,830 sqft
    2020-01-01 90 days 1,817 sqft
    2020-02-01 75 days 1,836 sqft
    2020-03-01 54 days 1,850 sqft
    2020-04-01 71 days 1,854 sqft
    2020-05-01 85 days 1,863 sqft
    2020-06-01 85 days 1,862 sqft
    2020-07-01 47 days 1,803 sqft
    2020-08-01 47 days 1,753 sqft
    2020-09-01 51 days 1,701 sqft
    2020-10-01 51 days 1,684 sqft
    2020-11-01 60 days 1,648 sqft
    2020-12-01 74 days 1,607 sqft
    2021-01-01 84 days 1,566 sqft
    2021-02-01 78 days 1,532 sqft
    2021-03-01 55 days 1,530 sqft
    2021-04-01 44 days 1,542 sqft
    2021-05-01 41 days 1,563 sqft
    2021-06-01 44 days 1,574 sqft
    2021-07-01 47 days 1,584 sqft
    2021-08-01 53 days 1,576 sqft
    2021-09-01 57 days 1,556 sqft
    2021-10-01 57 days 1,530 sqft
    2021-11-01 59 days 1,504 sqft
    2021-12-01 70 days 1,459 sqft
    2022-01-01 79 days 1,428 sqft
    2022-02-01 60 days 1,409 sqft
    2022-03-01 40 days 1,430 sqft
    2022-04-01 39 days 1,450 sqft
    2022-05-01 38 days 1,505 sqft
    2022-06-01 39 days 1,553 sqft
    2022-07-01 44 days 1,566 sqft
    2022-08-01 54 days 1,550 sqft
    2022-09-01 59 days 1,545 sqft
    2022-10-01 59 days 1,535 sqft
    2022-11-01 62 days 1,525 sqft
    2022-12-01 75 days 1,500 sqft
    2023-01-01 82 days 1,483 sqft
    2023-02-01 75 days 1,480 sqft
    2023-03-01 55 days 1,483 sqft
    2023-04-01 50 days 1,488 sqft
    2023-05-01 48 days 1,500 sqft
    2023-06-01 51 days 1,516 sqft
    2023-07-01 54 days 1,540 sqft
    2023-08-01 59 days 1,543 sqft
    2023-09-01 60 days 1,548 sqft
    2023-10-01 56 days 1,549 sqft
    2023-11-01 58 days 1,551 sqft
    2023-12-01 71 days 1,530 sqft
    2024-01-01 79 days 1,500 sqft
    2024-02-01 69 days 1,496 sqft
    2024-03-01 50 days 1,500 sqft
    2024-04-01 45 days 1,500 sqft
    2024-05-01 44 days 1,530 sqft
    2024-06-01 47 days 1,550 sqft
    2024-07-01 52 days 1,563 sqft
    2024-08-01 58 days 1,550 sqft
    2024-09-01 57 days 1,556 sqft
    2024-10-01 54 days 1,550 sqft
    2024-11-01 59 days 1,535 sqft
    2024-12-01 73 days 1,494 sqft
    2025-01-01 77 days 1,482 sqft
    2025-02-01 68 days 1,473 sqft
    2025-03-01 48 days 1,488 sqft
    2025-04-01 45 days 1,493 sqft
    New York's median listing age (time on market) for 2025-04-01 was 45 days. This is -1% shorter than the same period one year ago.

    New York's median square footage for active listings during the 2025-04-01 period was 1,493 sqft. One year prior, the average listing was 1,500 sqft.

    FHA Loan Requirements

  • Borrowers must have a steady employment history or worked for the same employer for the past two years.
  • Borrowers must have a valid Social Security number, lawful residency in the U.S. and be of legal age to sign a mortgage in your state.
  • Borrowers must pay a minimum down payment of 3.5 percent. The money may be gifted by a family member. (Traditional mortgages do not permit gifted down payments)
  • New FHA loans are only available for primary residence occupancy.
  • Borrowers must have a property appraisal from a FHA-approved appraiser.
  • Borrowers’ front-end ratio (mortgage payment plus HOA fees, property taxes, mortgage insurance, homeowners insurance) needs to be less than 31 percent of their gross income, typically. You may be able to get approved with as high a percentage as 40 percent. Your lender will be required to provide justification as to why they believe the mortgage presents an acceptable risk. The lender must include any compensating factors used for loan approval.
  • Borrowers’ debt to income ratio (mortgage plus all your monthly debt, i.e., credit card payment, car payment, student loans, etc.) needs to be less than 43 percent of their gross income, typically. You may be able to get approved with as high a percentage as 50 percent.
  • Borrowers must have a minimum credit score of 580 for maximum financing with a minimum down payment of 3.5 percent.
  • Borrowers must have a minimum credit score of 500-579 for maximum LTV of 90 percent with a minimum down payment of 10 percent.
  • Bborrowers must be two years out of bankruptcy and have re-established good credit. Exceptions can be made.
  • Typically borrowers must be three years out of foreclosure and have re-established good credit.
  • The purchased property must meet certain minimum standards at appraisal. If the home you are purchasing does not meet these standards and a seller will not agree to the required repairs, your only option is to pay for the required repairs at closing (to be held in escrow until the repairs are complete).