New York Mortgage Rates (2026)
Current average mortgage rates, median home prices, and top lenders in New York. Rates apply to primary residence purchases with good credit (740+).
30yr Fixed
6.95%
Avg APR
15yr Fixed
6.35%
Avg APR
Median Price
$520,000
Median home
Monthly P&I
$2,773
30yr at 80% LTV
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Top Mortgage Lenders in New York
1
Get RateRocket Mortgage
Online convenience
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
2
Get RateChase
Existing customers
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
3
Get RateWells Fargo
Branch access
30yr Fixed
7.1%
15yr Fixed
6.5%
Min Down
3%
4
Get RateBank of America
Preferred Rewards
30yr Fixed
7%
15yr Fixed
6.4%
Min Down
3%
5
Get RateloanDepot
Low down payment
30yr Fixed
6.9%
15yr Fixed
6.3%
Min Down
3%
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First-Time Buyer Programs in New York
- ✓SONYMA Low Interest Rate Program
- ✓SONYMA Achieving the Dream
- ✓SONYMA Down Payment Assistance Loan
Mortgage Requirements in New York
- •Min 640 credit score for SONYMA programs
- •Income and purchase price limits vary by county
- •Homebuyer education required
New York Housing Market Facts
NYC boroughs and Long Island drive the state median significantly above national average.
Transfer taxes and attorney fees are required, adding 2-3% to closing costs.
SONYMA Achieving the Dream offers the lowest interest rates in the state.
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