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Updated over 8 years ago on . Most recent reply

Algernon Brown's profile image
Algernon Brown's profile image
Algernon Brown
  • from Brooklyn, New York
  • Member since Sep 10, 2016
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Algernon Brown's profile image
Algernon Brown's profile image
Algernon Brown
  • from Brooklyn, New York
  • Member since Sep 10, 2016
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Algernon Brown
  • Brooklyn, NY
4
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Starting Out

FHA FOR BROOKLYN NEW YORK

Algernon Brown
  • Brooklyn, NY
Posted

Hello BP, What is the maximum amount allowed you can borrow for a multifamily loan for FHA in New York city?

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Eric A.'s profile image
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Eric A.
  • from Queens, NY
  • Member since Dec 31, 2014
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Eric A.'s profile image
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Eric A.
  • from Queens, NY
  • Member since Dec 31, 2014
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Eric A.
  • Queens, NY
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Eric A.
  • Queens, NY
Replied

Hey @Algernon Brown it depends on the number of units.  They are slightly increasing the limits for 2017:

Single Fam $636,150

2-Fam $954,225

3-Fam  $814,500

4-Fam  $1,221,750

- See more at: http://www.fanniemae.com/portal/funding-the-market/mbs/news/2016/loan-limits-2017-announcement-112316.html#sthash.LKjkCQYO.dpuf
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