Current Mortgage Rates in Newburgh, New York

Compare mortgage rates and fees for leading lenders in Newburgh, NY. Review free, personalized mortgage rates based on your specifc loan amount, program and other factors. Easily compare APRs, closing costs and monthly payments to find the lender offering the best mortgage rates in Newburgh.

We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Newburgh. Plus, shopping lenders is free and there is no obligation.

Mortgage Rates in Newburgh, NY as of September 21, 2020
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Data provided by Brown Bag Marketing, Inc. Payments do not include amounts for taxes and insurance premiums. Read through our lender table disclaimer for more on rates and product details.


How Do Today's Newburgh, NY Mortgage Rates Compare?

September 21, 2020

The current average rate for a 30 year fixed rate mortgage in Newburgh is A.AAA%, the rate for a 15 year fixed rate mortgage is B.BBB% and the rate for a 5/1 adjustable rate mortgage (ARM) is C.CCC%

Mortgage Program
Newburgh, NY Rates
30 Year Fixed Rate
15 Year Fixed Rate
5/1 Adjustable Rate Mortgage

How Affordable is Housing in Newburgh, New York?

Below we provide helpful information on the real estate market, home prices and housing affordability in Newburgh. Understand how much you need to earn to afford a home in Newburgh, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Newburgh fits your budget. This information is based on proprietary analysis you can only find on FREEandCLEAR and we offer it to help you decide if living in Newburgh is right for you.

The median home value for Newburgh, NY (Orange County) is $310,976

Based on current mortgage rates and a 10% down payment, you need to make $55,968 per year to buy the median priced home in Newburgh

With this income, you could qualify for a $279,879 mortgage, assuming your monthly debt expense is reasonable

Based on this loan amount, the monthly mortgage payment required to buy the median priced home in Newburgh is $1,296

The median household income for Newburgh, NY (Orange County) is $79,252

Based on this income, you can afford a home valued at approximately $440,353

The home price you can afford to buy based on household income in Newburgh is 142% of the median home value which means housing prices are average. Newburgh (Orange County) ranks 50 out of 62 counties in New York and 2,645 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Newburgh, NY is average


Loan Limits for Newburgh, New York

Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Newburgh (Orange County) below.

Conforming loan limits for Newburgh, NY

1 unit: $726,525
2 units: $930,300
3 units: $1,124,475
4 units: $1,397,400

FHA loan limits for Newburgh, NY

1 unit: $356,500
2 units: $456,350
3 units: $551,650
4 units: $685,550

VA loan limits for Newburgh, NY

1 unit: $726,525

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