No money down
For starters, a USDA loan is one of the only loan programs offered to the general public that allows you to finance 100% of your home’s value. That means no down payment of any kind!
New York USDA Loans
My state-specific information
Eligibility Requirements – New York
That dream home waiting for you in the forested hills of New York could finally be within reach with a loan from the USDA. No down payment, no assets required, and fixed interest rates mean that USDA loans can fit just about any situation, and no maximum loan amounts means that the sky is the limit. Plus, for a family of 1-4 in New York, the average household income limit for a USDA loan is about $110,650 a year, and the limit can be as high as $216,900 for families of 5 or more. To find out more about how to make your dream a reality, fill out the form below and get in touch with one of our USDA loan specialists.
This map shows the areas of New York eligible for USDA loans. For more information on qualifying areas, head to the USDA property eligibility screen.
Below you will find a link to the USDA income limits for New York:
USDA Home Loan Income Limits New York
- NO down payment – Finance 100% of your home
- NO maximum loan amount in New York.
- NO assets needed to qualify
- Flexible credit guidelines
- Competitive, fixed interest rates so payments do not increase
- USDA Loans are for new and existing properties
Start your New York USDA home loan now! Just fill out this quick form to get started & a USDA loan specialist will contact you with your options.
What areas are eligible?
USDA Eligibility Map – New York
USDA Home Loan Features
Great interest rates
USDA loans are made even more affordable through very competitive fixed interest rates, ensuring your payments will not increase every month.
Need a 620 credit score
USDA Loans .Net requires a middle credit score of at least 620. If you are close, apply and we can help.
Affordable 30 year terms
USDA home loans also offers affordable 30 year terms. If you are a first time home buyer, or not, a USDA loan is the perfect fit.
Roll in your closing costs
A USDA loan allows you to finance in your closing costs up to the appraised value. Making the USDA loan the only mortgage on the market with this ability.
Apply today
Start your USDA Loan now! It only takes 30 seconds to see if you qualify.
New Applicants: For questions about a mortgage application currently in process, please reach out to your Mortgage Loan Officer. If you are not sure who your Mortgage Loan Officer is, please email our Mortgage Help Desk at mortgagehelpdesk@magnoliabank.com. Customer Feedback: For complaints or to provide feedback, please email complaints@magnoliabank.com.
This communication does not constitute a commitment to lend or the guarantee of a special interest rate. All loan programs and availability of cash proceeds are subject to credit, underwriting and property approval.
