conforming mortgage limit nyc: New York Jumbo Financing Updates - 12/26/17 06:17 AM
 
For 2020 the new base conforming loan limit was increased to $484,350 in New York. Certain "high-cost" counties like Dutchess, Nassau, Kings, Orange, Richmond, Rockland and Suffolk among others have new limits up to $726,525. 
Loans that are considered "conforming" are those underwritten by guidelines issued by Fannie Mae and Freddie Mac and do not exceed loan limits established by both agencies. Loans above the conforming loan limit are referred to as “jumbo” loans and have their own unique standards mortgage companies must follow when approving a home loan in New York. What sort of jumbo loan options are available in today’s … (0 comments)

 
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