Brian is the Founder of MonitorBankRates.com. For over 18 years, he has utilized his background in enterprise infrastructure to engineer proprietary systems that track rates from over 8,000 financial institutions.
Current New York Mortgage Rates & the Surrounding Area
Current rates from Northfield Bank include a 30 Year Fixed Rate Affordable Mortgage at 5.250% (APR 5.250%). Current rates from Northfield Bank include a 30 Year Fixed Rate Affordable Mortgage at 5.250% (APR 5.304%). Dime Community Bank is offering a 30 Year Fixed - Affordable Housing Program in New York with a rate of 5.375%. For homebuyers in New York, Jovia Federal Credit Union lists a 30 Year Fixed at 5.500%.
Find the best mortgage and refinance rates in New York today. Our real-time rate table below compares offers from top lenders to help you secure the lowest interest rate for your home loan. Use our free mortgage calculators to plan your purchase.
The following rates for informational purposes only, reflect recent market quotes and representative offers available to New York borrowers. Actual mortgage rates may vary by lender, credit profile, and market conditions.
Last Updated: February 17, 2026
Current Mortgage Rates in New York and the surrounding area
•30 Year Fixed Rate Affordable Mortgage:
5.250%
•30 Year Fixed Rate Affordable Mortgage:
5.250%
•30 Year Fixed - Affordable Housing Program:
5.375%
•30 Year Fixed:
5.500%
•30 Year Fixed - Conforming:
5.500%
Rates displayed are for informational purposes only. Actual offers depend on credit score and profile. Verify terms with the lender.
Last Updated: February 17, 2026
Types of rates available in New York include conforming mortgage rates, super conforming rates, jumbo rates, adjustable rates, HELOC rates and home equity loan rates. There are variations of each type of mortgage available in New York listed below.
Bank or Credit Union
Product
Rate
APR
Northfield Bank1 Hyatt St, Brooklyn, NY 10301
30 Year Fixed Rate Affordable Mortgage
5.250%
5.250%
▼
Interest Rate 5.250%
APR 5.250%
Points 0.000
Last Updated 02/17/2026
Loan Details
Northfield Bank1 Hyatt St, Brooklyn, NY 10301
30 Year Fixed Rate Affordable Mortgage
5.250%
5.304%
▼
Interest Rate 5.250%
APR 5.304%
Points 0.000
Last Updated 02/17/2026
Loan Details
APR denotes "Annual Percentage Rate". Payments do not include real estate taxes or insurance, therefore actual payment obligations will be greater. Quoted rates include a 60 day rate lock. Maximum loan amount for a conforming loan is $806,500. Affordable Mortgage Program available for Residential First Mortgage loans for owner-occupied primary 1 to 2-family residences for those in Hunterdon, Mercer, Middlesex, and Union counties in New Jersey and Richmond and Kings counties in New York and either: (a.) are purchasing or refinancing a home in a low or moderate-income (LMI) census tract OR (b.) whose income is less than 80% of the county median income. Refer to the Income Chart or speak with a mortgage team member to learn more. All loans are subject to credit approval. A Fixed Rate Mortgage is a mortgage that may have a fixed principal and interest payment up to a maximum of 30 years or 360 payments. Rates and terms are current as 11/24/25 and are subject to change at anytime without prior notice.
Dime Community Bank1 Huntington Quadrangle Ste 1n06, Astoria, NY 10022
30 Year Fixed - Affordable Housing Program
5.375%
5.467%
▼
Interest Rate 5.375%
APR 5.467%
Points 0.000
Last Updated 02/17/2026
Loan Details
Jovia Federal Credit Union1000 Corporate Dr, Bay Shore, NY 11010
30 Year Fixed
5.500%
5.633%
▼
Interest Rate 5.500%
APR 5.633%
Points 0.000
Last Updated 02/17/2026
Loan Details
XCEL Federal Credit Union26 Federal Plz Fl 31, New York, NY 10278 1300
30 Year Fixed - Conforming
5.500%
5.652%
▼
Interest Rate 5.500%
APR 5.652%
Points 0.000
Last Updated 02/17/2026
Loan Details
$1295 Lender Credit available for a limited time. Ask loan officer for details.
Sunmark Credit Union113 Holland Ave, Albany, NY 10547
USDA 30 Year Fixed
5.375%
5.803%
▼
Interest Rate 5.375%
APR 5.803%
Points 0.000
Last Updated 02/17/2026
Loan Details
Financial Resources Federal Credit Union55 Water St, New York, NY 10041
30 Year Fixed Rate (up to 100% Financing Purchase)
5.625%
5.807%
▼
Interest Rate 5.625%
APR 5.807%
Points 0.000
Last Updated 02/17/2026
Loan Details
First Heritage Federal Credit Union11 Steuben St, Addison, NY 14801
Conventional Fixed Rate Mortgage 30 Year Fixed with 2 Points
5.625%
5.844%
▼
Interest Rate 5.625%
APR 5.844%
Points 0.000
Last Updated 02/17/2026
Loan Details
Dime Community Bank1 Huntington Quadrangle Ste 1n06, Astoria, NY 10022
30 Year Fixed
5.750%
5.844%
▼
Interest Rate 5.750%
APR 5.844%
Points 0.000
Last Updated 02/17/2026
Loan Details
Heritage Financial Credit Union1 Hawk Dr Bldg Suny Adminstration, Central Valley, NY 10917
Fixed Rate 30 Year Mortgage
5.750%
5.872%
▼
Interest Rate 5.750%
APR 5.872%
Points 0.000
Last Updated 02/17/2026
Loan Details
First Heritage Federal Credit Union11 Steuben St, Addison, NY 14801
Conventional Fixed Rate Mortgage 30 Year Fixed with 1 Point
5.750%
5.880%
▼
Interest Rate 5.750%
APR 5.880%
Points 0.000
Last Updated 02/17/2026
Loan Details
Sunmark Credit Union113 Holland Ave, Albany, NY 10547
Conventional 30-Year Fixed
5.750%
5.884%
▼
Interest Rate 5.750%
APR 5.884%
Points 0.000
Last Updated 02/17/2026
Loan Details
Mid-Hudson Valley Federal Credit Union1099 Morton Blvd, Fishkill, NY 10566 2801
30 Year Fixed Rate
5.875%
5.888%
▼
Interest Rate 5.875%
APR 5.888%
Points 0.000
Last Updated 02/17/2026
Loan Details
First Heritage Federal Credit Union11 Steuben St, Addison, NY 14801
Conventional Fixed Rate Mortgage 30 Year Fixed
5.875%
5.914%
▼
Interest Rate 5.875%
APR 5.914%
Points 0.000
Last Updated 02/17/2026
Loan Details
SUMA Federal Credit Union125 Corporate Blvd, Spring Valley, NY 10701
30 Year Fixed Mortgage
5.875%
5.914%
▼
Interest Rate 5.875%
APR 5.914%
Points 0.000
Last Updated 02/17/2026
Loan Details
Baxter Credit Union300 Crosspoint Pkwy, Getzville, NY 14068 1606
30 Year Fixed
5.750%
5.926%
▼
Interest Rate 5.750%
APR 5.926%
Points 0.000
Last Updated 02/17/2026
Loan Details
Mid-Hudson Valley Federal Credit Union1099 Morton Blvd, Fishkill, NY 10566 2801
Biweekly 30 Year Fixed
5.875%
5.941%
▼
Interest Rate 5.875%
APR 5.941%
Points 0.000
Last Updated 02/17/2026
Loan Details
Sunmark Credit Union113 Holland Ave, Albany, NY 10547
FHA 30 Year Fixed
5.375%
5.945%
▼
Interest Rate 5.375%
APR 5.945%
Points 0.000
Last Updated 02/17/2026
Loan Details
Wallkill Valley Federal S&L12 Main St # 14, Highland Falls, NY 10928
30 Year Fixed Conforming
5.875%
5.951%
▼
Interest Rate 5.875%
APR 5.951%
Points 0.000
Last Updated 02/17/2026
Loan Details
TEG Federal Credit Union1 Commerce St, Hyde Park, NY 10941
30 Year Fixed
5.875%
5.972%
▼
Interest Rate 5.875%
APR 5.972%
Points 0.000
Last Updated 02/17/2026
Loan Details
Ulster Savings Bank1 Twin Maples Plaza Route 9 W, Gardiner, NY 12401
30 Year Fixed
5.750%
5.979%
▼
Interest Rate 5.750%
APR 5.979%
Points 0.000
Last Updated 02/17/2026
Loan Details
Kearny Bank1400 Hylan Blvd, Brooklyn, NY 10305
30 Year Fixed Rate
5.875%
5.986%
▼
Interest Rate 5.875%
APR 5.986%
Points 0.000
Last Updated 02/17/2026
Loan Details
APR based on a $300,000 loan amount. Purchase/Owner-Occupied, 75% LTV, minimum credit score 740. Payments do not include amounts for taxes and insurance, if applicable. Actual payment obligation will be greater.
Ocean Financial Federal Credit Union1000 Hempstead Ave, Oceanside, NY 11570 1135
30 Year Mortgage
5.875%
6.010%
▼
Interest Rate 5.875%
APR 6.010%
Points 0.000
Last Updated 02/17/2026
Loan Details
Hudson Valley Credit Union101 Tillson Avenue Ext, Albany, NY 10509
30-Year Fixed Jumbo
6.000%
6.011%
▼
Interest Rate 6.000%
APR 6.011%
Points 0.000
Last Updated 02/17/2026
Loan Details
Hudson Valley Credit Union101 Tillson Avenue Ext, Albany, NY 10509
30-Year Fixed Rate
6.000%
6.034%
▼
Interest Rate 6.000%
APR 6.034%
Points 0.000
Last Updated 02/17/2026
Loan Details
Emigrant Bank New York, NY13 Croton Ave, New York, NY 10017
30 Year Fixed
6.000%
6.040%
▼
Interest Rate 6.000%
APR 6.040%
Points 0.000
Last Updated 02/17/2026
Loan Details
Conforming Products - Loan Amounts up to $806,500.00
FNB of Scotia1 Research Circle Commons 2a7, Clifton Park, NY 12065
30 Year Fixed Rate
5.875%
6.046%
▼
Interest Rate 5.875%
APR 6.046%
Points 0.000
Last Updated 02/17/2026
Loan Details
Sawyer Savings Bank100 Woodland Pond Cir, Highland, NY 12477
30-Year Fixed Rate Mortgage
6.000%
6.050%
▼
Interest Rate 6.000%
APR 6.050%
Points 0.000
Last Updated 02/17/2026
Loan Details
Advantage Federal Credit Union FCU1445 Portland Ave, Rochester, NY 14608
30 Year Fixed
5.875%
6.058%
▼
Interest Rate 5.875%
APR 6.058%
Points 0.000
Last Updated 02/17/2026
Loan Details
Pittsford Federal Credit Union1321 Pittsford Mendon Rd, Mendon, NY 14506 9733
30 Year Mortgage
6.000%
6.076%
▼
Interest Rate 6.000%
APR 6.076%
Points 0.000
Last Updated 02/17/2026
Loan Details
No Points
Sunmark Credit Union113 Holland Ave, Albany, NY 10547
Construction Draw Loan - 30 Year Fixed
5.990%
6.114%
▼
Interest Rate 5.990%
APR 6.114%
Points 0.000
Last Updated 02/17/2026
Loan Details
BROADVIEW100 Van Rensselaer Sq, Albany, NY 12009 9900
30-year Fixed
6.000%
6.116%
▼
Interest Rate 6.000%
APR 6.116%
Points 0.000
Last Updated 02/17/2026
Loan Details
Ukrainian National Federal Credit Union1678 E 17th St, Brooklyn, NY 10003
First Mortgage - Residential Conforming (non-Jumbo) 30 year fixed
6.125%
6.125%
▼
Interest Rate 6.125%
APR 6.125%
Points 0.000
Last Updated 02/17/2026
Loan Details
Up to 1.0 points** (not offered on co-ops)
Fulton Savings Bank45 Redfield Street, Brewerton, NY 13027
30-Year Fixed
6.000%
6.129%
▼
Interest Rate 6.000%
APR 6.129%
Points 0.000
Last Updated 02/17/2026
Loan Details
Baxter Credit Union300 Crosspoint Pkwy, Getzville, NY 14068 1606
Jumbo 30 Year Fixed
6.000%
6.134%
▼
Interest Rate 6.000%
APR 6.134%
Points 0.000
Last Updated 02/17/2026
Loan Details
Ulster Savings Bank1 Twin Maples Plaza Route 9 W, Gardiner, NY 12401
30 Year Fixed
6.000%
6.138%
▼
Interest Rate 6.000%
APR 6.138%
Points 0.000
Last Updated 02/17/2026
Loan Details
USALLIANCE20 E 179th St, Bronx, NY 10453 4770
Jumbo Loans 30 Year Fixed
6.125%
6.139%
▼
Interest Rate 6.125%
APR 6.139%
Points 0.000
Last Updated 02/17/2026
Loan Details
Peoples Security Bank1026 Conklin Rd, Binghamton, NY 13748
30 Year Fixed Rate
6.125%
6.159%
▼
Interest Rate 6.125%
APR 6.159%
Points 0.000
Last Updated 02/17/2026
Loan Details
Emigrant Bank New York, NY13 Croton Ave, New York, NY 10017
Jumbo 30 Year Fixed
6.125%
6.170%
▼
Interest Rate 6.125%
APR 6.170%
Points 0.000
Last Updated 02/17/2026
Loan Details
Loan Amounts up to $1,209,750.00
USALLIANCE20 E 179th St, Bronx, NY 10453 4770
30 Year Fixed
6.125%
6.202%
▼
Interest Rate 6.125%
APR 6.202%
Points 0.000
Last Updated 02/17/2026
Loan Details
Sunmark Credit Union113 Holland Ave, Albany, NY 10547
VA 30 Year Fixed
5.625%
6.285%
▼
Interest Rate 5.625%
APR 6.285%
Points 0.000
Last Updated 02/17/2026
Loan Details
USALLIANCE20 E 179th St, Bronx, NY 10453 4770
30 Year Fixed (HomeReady®)*
6.125%
6.320%
▼
Interest Rate 6.125%
APR 6.320%
Points 0.000
Last Updated 02/17/2026
Loan Details
Jovia Federal Credit Union1000 Corporate Dr, Bay Shore, NY 11010
FHA 203K 30 Year Fixed
5.624%
6.399%
▼
Interest Rate 5.624%
APR 6.399%
Points 0.000
Last Updated 02/17/2026
Loan Details
Jovia Federal Credit Union1000 Corporate Dr, Bay Shore, NY 11010
FHA 30 Year Fixed
5.624%
6.399%
▼
Interest Rate 5.624%
APR 6.399%
Points 0.000
Last Updated 02/17/2026
Loan Details
Jovia Federal Credit Union1000 Corporate Dr, Bay Shore, NY 11010
VA 30 Year Fixed
5.990%
6.409%
▼
Interest Rate 5.990%
APR 6.409%
Points 0.000
Last Updated 02/17/2026
Loan Details
HSBC Bank USA11 E Houston St, Amherst, NY 10012
30 Year Fixed Rate
6.375%
6.436%
▼
Interest Rate 6.375%
APR 6.436%
Points 0.000
Last Updated 02/17/2026
Loan Details
Sunmark Credit Union113 Holland Ave, Albany, NY 10547
2nd Home 30 Year Fixed
6.250%
6.514%
▼
Interest Rate 6.250%
APR 6.514%
Points 0.000
Last Updated 02/17/2026
Loan Details
HSBC Bank USA11 E Houston St, Amherst, NY 10012
30 Year Fixed Rate
6.375%
6.521%
▼
Interest Rate 6.375%
APR 6.521%
Points 0.000
Last Updated 02/17/2026
Loan Details
HSBC Bank USA11 E Houston St, Amherst, NY 10012
30 Year Fixed Rate
6.538%
6.588%
▼
Interest Rate 6.538%
APR 6.588%
Points 0.000
Last Updated 02/17/2026
Loan Details
HSBC Bank USA11 E Houston St, Amherst, NY 10012
HSBC Deluxe Mortgage 30 Year Fixed Rate
6.538%
6.588%
▼
Interest Rate 6.538%
APR 6.588%
Points 0.000
Last Updated 02/17/2026
Loan Details
XCEL Federal Credit Union26 Federal Plz Fl 31, New York, NY 10278 1300
Disclaimer: The mortgage rates displayed are for informational purposes only. These estimates are based on specific lending criteria and may differ from the rate you are offered. Your actual rate will depend on your credit history, credit score, loan amount, and down payment. All rates are subject to change without notice. We recommend contacting the specific bank or credit union to confirm their current offers.
Mortgage Loan Options in New York
Navigating the home loan market in New York requires a clear understanding of the diverse financing paths available. Whether you are looking for long-term stability or a low down payment, New York lenders offer several key products tailored to your specific financial profile and homeownership goals.
Common Financing Paths in New York
Choosing the right mortgage can save you thousands of dollars over the life of your loan. Here are the primary options available to residents in the New York area:
New York Fixed-Rate Mortgages: This is the most popular choice for homeowners in New York seeking predictability. With a fixed rate, your interest remains locked for the entire term (typically 15 or 30 years), ensuring your monthly principal and interest payments never change regardless of market fluctuations.
New York Adjustable-Rate Mortgages (ARMs): ARMs often start with a lower "teaser" rate for an initial period—such as 5, 7, or 10 years—before adjusting based on current market conditions. This can be a savvy choice for New York buyers who plan to move or refinance before the first adjustment period begins.
New York FHA Loans: Insured by the Federal Housing Administration, these loans are a vital resource for borrowers in New York with lower credit scores or limited savings for a down payment. FHA guidelines typically allow for down payments as low as 3.5%.
New York VA Loans: Available to veterans, active-duty service members, and eligible surviving spouses, VA loans in New York offer highly competitive rates and often require no down payment and no monthly private mortgage insurance (PMI).
Use Our Mortgage Calculators to Plan Your Purchase
Before committing to a property in New York, run the numbers to ensure the mortgage fits your budget. Use our free tools to compare scenarios:
Analyze the APR, not just the RateThe interest rate is the cost of borrowing money, but the APR (Annual Percentage Rate) includes points and fees. The APR gives you a more accurate picture of the true cost of the loan.
Calculate the Impact of PointsDiscount points are fees paid upfront to lower your interest rate. Calculate the "break-even" period (cost of points divided by monthly savings) to see if paying points makes sense for how long you plan to stay in the home.
Compare Loan EstimatesDon't just look at advertised rates. Request official Loan Estimates from at least three different lenders in New York. These documents standardize costs, making it easier to compare apples to apples.
Check Your Credit ScoreYour credit score significantly impacts the rate you are offered. Ensure your credit report is accurate before applying, as a higher score can save you thousands over the life of the loan.
Frequently Asked Questions for New York
What are the current mortgage rates in New York? ▼
Below is a list of current mortgage rates available for New York. We track lenders daily to provide the most up-to-date interest rates, APRs, and point costs.
Lender / Product
Rate
APR
Northfield Bank
30 Year Fixed Rate Affordable Mortgage
5.250%
5.250%
Northfield Bank
30 Year Fixed Rate Affordable Mortgage
5.250%
5.304%
Dime Community Bank
30 Year Fixed - Affordable Housing Program
5.375%
5.467%
Jovia Federal Credit Union
30 Year Fixed
5.500%
5.633%
XCEL Federal Credit Union
30 Year Fixed - Conforming
5.500%
5.652%
Lender / Product
Rate
APR
Sunmark Credit Union
USDA 30 Year Fixed
5.375%
5.803%
Financial Resources Federal Credit Union
30 Year Fixed Rate (up to 100% Financing Purchase)
5.625%
5.807%
First Heritage Federal Credit Union
Conventional Fixed Rate Mortgage 30 Year Fixed with 2 Points
5.625%
5.844%
Dime Community Bank
30 Year Fixed
5.750%
5.844%
Heritage Financial Credit Union
Fixed Rate 30 Year Mortgage
5.750%
5.872%
Rates displayed are for informational purposes only. Actual offers depend on credit score and profile. Verify terms with the lender.
Last Updated: February 17, 2026
What is a conforming mortgage in New York? ▼
A conforming mortgage meets the dollar limits set by the Federal Housing Finance Agency (FHFA). These loans can be purchased by Fannie Mae and Freddie Mac, which typically results in lower interest rates compared to jumbo loans.
What is a jumbo loan in New York? ▼
A jumbo loan is a mortgage that exceeds the conforming loan limits set by the FHFA. Because these loans cannot be sold to Fannie Mae or Freddie Mac, lenders take on more risk, often resulting in slightly higher interest rates or stricter credit requirements.
What are FHA loans? ▼
FHA loans are mortgages insured by the Federal Housing Administration. They are popular among first-time buyers because they allow for lower credit scores and smaller down payments. FHA rates are often competitive because the government guarantee reduces the lender's risk.
What factors affect mortgage rates in New York? ▼
Mortgage rates in New York are influenced by national economic trends, the Federal Reserve's monetary policy, and inflation. On a personal level, your credit score, down payment amount, and debt-to-income ratio will significantly impact the rate you are offered.
Is now a good time to refinance in New York? ▼
Refinancing in New York can be beneficial if current rates are lower than your existing mortgage rate, or if you want to shorten your loan term. Consider the closing costs and how long you plan to stay in the home to ensure the break-even point makes financial sense.
What is the difference between a fixed-rate and adjustable-rate mortgage? ▼
A fixed-rate mortgage maintains the same interest rate for the entire life of the loan, providing predictable monthly payments. An adjustable-rate mortgage (ARM) has a rate that can change after an initial fixed period, which might result in lower initial payments but carries the risk of rate increases later.
How does my credit score affect my mortgage rate? ▼
Your credit score is a major determinant of your mortgage rate. Borrowers with higher credit scores (typically 760 and above) qualify for the lowest rates, while those with lower scores may pay higher interest rates to offset the lender's risk.
What are mortgage points? ▼
Mortgage points, or discount points, are fees paid directly to the lender at closing in exchange for a reduced interest rate. One point costs 1% of your mortgage amount. Paying points can save you money over the long term if you plan to keep the mortgage for many years.
Are there specific loan programs for first-time buyers in New York? ▼
Yes, many lenders in New York offer programs for first-time buyers, including FHA loans which require lower down payments and credit scores. Additionally, there may be state-specific grants or down payment assistance programs available in New York.
