New York Jumbo Loans
New York Jumbo Loan Rates: Live Wholesale Pricing
In New York, jumbo loans are needed for properties above the conforming limit. The 2026 high-cost ceiling is $1,249,125; high-cost counties in New York use the higher limit. Above the ceiling is jumbo or super-jumbo territory and we shop those scenarios across portfolio and specialty desks.
Why jumbo matters in New York
New York jumbo activity centers on Manhattan and Brooklyn co-ops and condos, plus Westchester, Long Island, and Hamptons single-family. Co-op underwriting is a different animal than condo and not every jumbo desk lends on co-ops. Pied-a-terre and second-home occupancy on NYC condos add another layer that the right lender handles cleanly.
Common jumbo loan sizes in New York
Typical jumbo loan sizes by major New York market. These are working ranges from what we see in active scenarios, not appraisal values.
| Market | Typical jumbo loan range |
|---|---|
| New York City | $1.5M to $5M+ |
| Long Island | $1.2M to $4M+ |
| Westchester | $1.2M to $3M+ |
| The Hamptons | $2M to $10M+ |
Super-jumbo in New York
New York is one of the highest-volume super-jumbo markets in the country. Loans above $3M are routine here, especially in the top metros listed above.
Many wholesale jumbo desks cap at $3M. Above that the lender pool shifts to specialty and portfolio lenders that hold the loan on balance sheet rather than selling it. We regularly close New York super-jumbo loans into the $5M, $10M, and $20M+ range. The right lender depends on the loan size, property type, and the borrower's income and asset picture, not a single rate sheet.
Programs that fit New York jumbo borrowers
Standard jumbo
Above the conforming ceiling, full-doc income or assets.
Asset-qualifying
Qualify on liquid assets when income does not tell the whole story.
Pledged-asset mortgage
Up to 100% LTV without PMI by pledging securities instead of selling them.
VA jumbo
No max loan size for full-entitlement veterans. 0% down available.
High net worth mortgage hub
Full overview of HNW jumbo paths: asset, pledged, equity-comp, complex income.
Closing costs in New York
New York closing costs are among the highest in the country, with mortgage recording tax, mansion tax (over $1M), and title insurance the major line items.
New York luxury markets we serve
Deeper city-level guidance for New York luxury markets where most jumbo and super-jumbo loans close.
Frequently asked questions
What is the jumbo loan limit in New York?+
New York has FHFA-designated high-cost counties (New York, Kings, Queens, Bronx, Richmond, Westchester, and others) where the 2026 conforming ceiling of $1,249,125 applies. Loans above that ceiling are jumbo. In New York counties that are not high-cost, jumbo begins above the conforming baseline of $832,750.
Do I need a 20% down payment for a jumbo loan in New York?+
No. 10 to 20% down is standard on New York jumbo loans, and some programs go to 95% LTV with strong FICO and reserves. Pledged-asset structures can effectively reach 100% LTV without PMI by pledging securities instead of selling them. We work with lenders going to program minimums where allowed.
What credit score do I need for a New York jumbo loan?+
Most jumbo lenders want 700+ FICO at minimum, with 740+ for best pricing in New York. Some go to 680 with stronger compensating factors like larger reserves or lower LTV. Super-jumbo above $3M typically starts at 720+ FICO.
Can I get a jumbo loan above $3 million in New York?+
Yes. Many wholesale jumbo desks cap at $3M but specialty and portfolio lenders go higher into $5M, $10M, and $20M+ super-jumbo. We work with that lender set and route New York scenarios to a desk with appetite for the loan size, property type, and borrower profile.
How are New York jumbo rates different from conforming?+
Jumbo rates in New York are not state-specific; pricing reflects investor demand for jumbo paper at the moment, the borrower profile, and the loan size. In recent years jumbo has often priced within 0.125% of Conventional Conforming and sometimes below for top borrowers. The pricer on /jumbo-loan-rates shows live wholesale jumbo pricing.
Price a New York jumbo scenario
Send us your scenario - price, loan amount, income picture - and we will come back with specific lender options and pricing. No personal info required to start.
Start my scenarioJumbo loan rates, LTVs, and program guidelines vary by lender and are subject to change. Eligibility depends on the borrower, property, and underwriting result. This page is general educational information and is not a commitment to lend or an offer of credit. Not all applicants will qualify. Equal Housing Opportunity.