One-Time Close Loans | FHA and VA Construction Loans
Learn all about the VA and FHA versions of the One-Time Close Loan.

2023 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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VA Loan - One-Time Close Construction Loan
FHA Loan - One-Time Close Construction Loan

2023 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 2023, the FHA floor was set at $472,030 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 $472,030
ALLEGANY County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
BRONX County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
BROOME County
BINGHAMTON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CATTARAUGUS County
OLEAN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CAYUGA County
AUBURN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHAUTAUQUA County
JAMESTOWN-DUNKIRK-FREDONIA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHEMUNG County
ELMIRA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CHENANGO County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CLINTON County
PLATTSBURGH, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
COLUMBIA County
HUDSON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
CORTLAND County
CORTLAND, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DELAWARE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
DUTCHESS County
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ERIE County
BUFFALO-CHEEKTOWAGA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ESSEX County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FRANKLIN County
MALONE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
FULTON County
GLOVERSVILLE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GENESEE County
BATAVIA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
GREENE County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HAMILTON County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
HERKIMER County
UTICA-ROME, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
JEFFERSON County
WATERTOWN-FORT DRUM, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
KINGS County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
LEWIS County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
LIVINGSTON County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MADISON County
SYRACUSE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MONROE County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
MONTGOMERY County
AMSTERDAM, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
NASSAU County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
NEW YORK County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
NIAGARA County
BUFFALO-CHEEKTOWAGA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ONEIDA County
UTICA-ROME, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ONONDAGA County
SYRACUSE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ONTARIO County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ORANGE County
POUGHKEEPSIE-NEWBURGH-MIDDLETOWN, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ORLEANS County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
OSWEGO County
SYRACUSE, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
OTSEGO County
ONEONTA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
PUTNAM County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
QUEENS County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
RENSSELAER County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
RICHMOND County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
ROCKLAND County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
SARATOGA County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SCHENECTADY County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SCHOHARIE County
ALBANY-SCHENECTADY-TROY, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SCHUYLER County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SENECA County
SENECA FALLS, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ST. LAWRENCE County
OGDENSBURG-MASSENA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
STEUBEN County
CORNING, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
SUFFOLK County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
SULLIVAN County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
TIOGA County
BINGHAMTON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
TOMPKINS County
ITHACA, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
ULSTER County
KINGSTON, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WARREN County
GLENS FALLS, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WASHINGTON County
GLENS FALLS, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WAYNE County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
WESTCHESTER County
NEW YORK-NEWARK-JERSEY CITY, NY-NJ-PA
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $1,089,300
WYOMING County
NON-METRO
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030
YATES County
ROCHESTER, NY
VA Construction Loan Limit FHA Construction Loan Limit
$1,500,000 $472,030

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