New York Rates by Credit Score
680 Credit Score Mortgage Rates in New York
A 680 FICO in New York is solid. Conventional financing is fully open with moderate risk-based pricing adjustments. FHA and VA remain options.
Conventional Loan Facts
- Down payment as low as 3% for first-time homebuyers, 5% for others
- Down payment assistance programs available to fully cover the 3% down payment
- Private Mortgage Insurance (PMI) required below 80% LTV - automatically removed at 78%
- Maximum DTI typically 45%, up to 50% with strong compensating factors
- Minimum credit score generally 620; best rates at 740+
- Available for primary residence, second home, or investment property
- No upfront mortgage insurance premium - only monthly PMI if applicable
New York Housing Market for a 680 FICO Buyer
New York's median home price is around $480,000. At 20% down, that's a $96,000 down payment and a $384,000 loan - well within the $200,000+ minimum for the Loan Factory $2,000 Best Price Guarantee. The pricer above is preset to this scenario.
Median home price
$480,000
Effective property tax rate
1.72% (≈$8,256/yr at median price)
Top metros
New York City, Buffalo, Rochester
Frequently Asked Questions
What is the best mortgage rate for a 680 credit score in New York?+
The pricer above returns live wholesale rates for a 680 FICO in New York, New York. A 680 FICO in New York is solid. Conventional financing is fully open with moderate risk-based pricing adjustments. FHA and VA remain options. Use the tabs to switch between Conventional, FHA, and VA.
Can I get a Conventional loan in New York with 680 FICO?+
Yes. 680 is comfortably above the 620 Conventional minimum in New York.
Is FHA or Conventional better at 680 FICO in New York?+
Usually FHA in New York at this FICO. Conventional risk-based pricing adjustments stack on lower scores. Compare both in the pricer above for your loan amount.
What is the New York loan limit at a 680 FICO?+
Loan limits in New York are not driven by FICO - they are set by FHFA based on county home prices. The 2026 baseline conforming limit is $806,500. Some New York counties exceed this up to $1,209,750. Your FICO affects rate and approval, not loan size.
Are mortgage rates for 680 FICO different in New York vs other states?+
No - rates are uniform nationally. Lenders do not adjust mortgage pricing by state. Property taxes, insurance, and DPA programs differ, which affect total payment but not interest rate.
Is the $2,000 Best Price Guarantee available at 680 FICO in New York?+
Yes. The Loan Factory $2,000 Best Price Guarantee is FICO-agnostic and covers qualifying Conv/FHA/VA loans of $200,000+ in New York.
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