One-Time Close Loans | FHA and VA Construction Loans
VA and FHA One-Time Close Construction Loans

2024 FHA Construction Loan Limits in NEW YORK tell homebuyers how much borrowing power they have to build a home. VA Limits are set by the lenders.

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FHA Loan - One-Time Close Construction Loan

2024 VA and FHA Construction Loan Limits

Borrow for Single Family Home Loans in NEW YORK Counties

The FHA has a maximum construction loan amount that it will insure, which is known as the FHA lending limit. These loan limits are calculated and updated annually, and are influenced by the conventional loan limits set by Fannie Mae and Freddie Mac. The type of home, such as single-family or duplex, can also affect these numbers.

Construction loan limits no longer apply to new VA Loans. The Department of Veterans Affairs (commonly referred to as the VA) can now back larger loans than previous allowed. This change doesn't mean that you have unlimited borrowing power. Your lender will still have credit requirements that you need to meet as well as maximum loan amounts based on their own standards. VA lenders establish their own limits based on company policies. The amount we generally see is shown below, labeled as the VA Lender Limit.

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"For 2024, the FHA floor was set at $498,257 for single-family home loans. This lending limit covers most U.S. counties."

62 match(es) found

ALBANY County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ALLEGANY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
BRONX County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
BROOME County
BINGHAMTON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CATTARAUGUS County
OLEAN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CAYUGA County
AUBURN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CHAUTAUQUA County
JAMESTOWN-DUNKIRK-FREDONIA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CHEMUNG County
ELMIRA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CHENANGO County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CLINTON County
PLATTSBURGH, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
COLUMBIA County
HUDSON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
CORTLAND County
CORTLAND, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
DELAWARE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
DUTCHESS County
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ERIE County
BUFFALO-CHEEKTOWAGA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ESSEX County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
FRANKLIN County
MALONE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
FULTON County
GLOVERSVILLE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GENESEE County
BATAVIA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
GREENE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
HAMILTON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
HERKIMER County
UTICA-ROME, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
JEFFERSON County
WATERTOWN-FORT DRUM, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
KINGS County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
LEWIS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
LIVINGSTON County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MADISON County
SYRACUSE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MONROE County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
MONTGOMERY County
AMSTERDAM, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
NASSAU County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
NEW YORK County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
NIAGARA County
BUFFALO-CHEEKTOWAGA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ONEIDA County
UTICA-ROME, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ONONDAGA County
SYRACUSE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ONTARIO County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ORANGE County
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ORLEANS County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OSWEGO County
SYRACUSE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
OTSEGO County
ONEONTA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
PUTNAM County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
QUEENS County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
RENSSELAER County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
RICHMOND County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
ROCKLAND County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
SARATOGA County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SCHENECTADY County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SCHOHARIE County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SCHUYLER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SENECA County
SENECA FALLS, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ST. LAWRENCE County
OGDENSBURG-MASSENA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
STEUBEN County
CORNING, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
SUFFOLK County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
SULLIVAN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
TIOGA County
BINGHAMTON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
TOMPKINS County
ITHACA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
ULSTER County
KINGSTON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WARREN County
GLENS FALLS, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WASHINGTON County
GLENS FALLS, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WAYNE County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
WESTCHESTER County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,149,825
WYOMING County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257
YATES County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $498,257

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