Skip to content
Purchase Mortgage Loan
Get Pre-Approved

VA loans in New York

Quick answer

VA loans in New York let eligible veterans and service members buy with 0% down and no monthly mortgage insurance. With full entitlement there's no VA loan limit; a one-time funding fee applies unless exempt.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast updated

VA loan snapshot for New York

ItemEstimate
Minimum down payment0%
Minimum credit scoreNo VA minimum (lenders often 580–620)
Typical NY home value$403,000
3.5% down on typical home$14,105
20% down on typical home$80,600
Avg. effective property tax1.60%/yr (~$537/mo)
Income for typical home (31% rule)$136,000

Rate assumption: 7.18% (Freddie Mac PMMS 30-year fixed average, week of November 5, 2026). Change it in the payment calculator.

Which New York programs pair with VA loans?

  • Achieving the Dream: Low-rate loans for lower-income first-time buyers.
  • Down Payment Assistance Loan (DPAL): A 0% deferred loan, forgiven after a set period, paired with a SONYMA mortgage.

Details and current limits: State of New York Mortgage Agency (SONYMA).

Who is eligible for a VA loan?

  • Veterans who meet minimum service requirements (commonly 90 consecutive days in wartime or 181 days in peacetime).
  • Active-duty service members after 90 continuous days.
  • National Guard and Reserve members with 6 years of service, or 90 days of active-duty service under Title 10/32.
  • Surviving spouses of service members who died in service or from a service-connected disability (in many cases).

What is the VA funding fee?

The fee can be financed into the loan. Veterans receiving VA disability compensation, and some others, are exempt. Fees shown are for purchase loans and may change.

Down paymentFirst useSubsequent use
Less than 5%2.15%3.3%
5% to under 10%1.5%1.5%
10% or more1.25%1.25%

VA loans in New York cities

VA in New York CityVA in BuffaloVA in RochesterVA in YonkersVA in SyracuseVA in AlbanyVA in New RochelleVA in CheektowagaVA in Mount VernonVA in SchenectadyVA in UticaVA in White PlainsVA in HempsteadVA in Tonawanda TownVA in LevittownVA in TroyVA in IrondequoitVA in Niagara FallsVA in BinghamtonVA in West SenecaVA in FreeportVA in HicksvilleVA in West BabylonVA in CoramVA in Valley StreamVA in Central IslipVA in BrightonVA in Kiryas JoelVA in ElmontVA in CommackVA in East MeadowVA in Long BeachVA in New CityVA in UniondaleVA in BaldwinVA in Huntington StationVA in Spring ValleyVA in OceansideVA in RomeVA in IthacaVA in PoughkeepsieVA in CentereachVA in Bay ShoreVA in Port ChesterVA in Franklin SquareVA in North TonawandaVA in MiddletownVA in HarrisonVA in NewburghVA in Saratoga SpringsVA in JamestownVA in Glen CoveVA in ShirleyVA in MonseyVA in Deer ParkVA in LindenhurstVA in OssiningVA in West IslipVA in AuburnVA in Elmira

Frequently asked questions

Yes. VA loans are available statewide in New York through approved lenders, subject to county loan limits where they apply.

Often yes. State of New York Mortgage Agency (SONYMA) and local programs frequently pair assistance with FHA, conventional, VA or USDA first mortgages. Eligibility depends on income, price and program rules.

Answer a few questions on Purchase Mortgage Loan and we'll match you with lenders and loan officers in our network who serve New York.

Get matched with VA lenders in New York

Answer a few quick questions and get matched with purchase mortgage lenders in your area. Free, and it won't affect your credit score.

Get My Matches

Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.