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Compare Putnam, NY mortgage rates and fees from top lenders. 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 lowest mortgage rates in Putnam.
We recommend that you contact at least five lenders as shopping multiple lenders is the best way to save money on your mortgage in Putnam. Plus, shopping lenders is free and there is no obligation.
Loan terms assume conforming mortgage amount on single family residence, 80% LTV ratio and minimum borrower credit score of 740. $150,000 minimum mortgage amount. Borrower is responsible for $1,055 lender fee. Loan terms are subject to change without notice.
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Compare Today's Putnam, NY Mortgage Rates
July 1, 2025
Current mortgage rates in Putnam, NY are % for a 30 year fixed rate loan, % for a 15 year fixed loan and % for a 5/1 adjustable rate mortgage (ARM)
Mortgage Program
Today's Putnam, NY Rates
National Average
Comparison
30 Year Fixed Rate
%
6.670%
15 Year Fixed Rate
%
5.960%
5/1 Adjustable Rate Mortgage
%
6.250%
How Affordable is Housing in Putnam, New York?
Below we provide helpful information on the real estate market, home prices and housing affordability in Putnam. Understand how much you need to earn to afford a home in Putnam, including the mortgage you need to qualify for. Review the monthy payment so you can determine if owning a house in Putnam 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 Putnam is right for you.
The median home value for Putnam, NY is $466,620
Based on current mortgage rates and a 10% down payment, you need to make $97,344 per year to buy the median priced home in Putnam
With this income, you could qualify for a $419,958 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 Putnam is $2,254
The median household income for Putnam, NY is $108,431
Based on this income, you can afford a home valued at approximately $519,765
The home price you can afford to buy based on household income in Putnam is 111% of the median home value which means housing prices are average.
Putnam ranks 49 out of 62 counties in New York and 2,656 out of 3,142 counties in the United States for housing affordability.
According to the FREEandCLEAR Housing Affordability Index, the housing market in Putnam, NY is average
Loan Limits for Putnam, New York
Mortgage limits affect your loan terms, mortgage program eligibility and what price home you can afford. Review the loan limits for Putnam below.
Conforming loan limits for Putnam, NY
1 unit:$1,089,300
2 units:$1,394,775
3 units:$1,685,850
4 units:$2,095,200
FHA loan limits for Putnam, NY
1 unit:$1,089,300
2 units:$1,394,775
3 units:$1,685,850
4 units:$2,095,200
VA loan limits for Putnam, NY
1 unit:$1,089,300
Additional Mortgage Resources for Putnam, NY Residents