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Staten Island

Current Mortgage Rates in Staten Island, New York

Compare mortgage rates and fees for leading lenders in Staten Island, 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 Staten Island.

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

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Mortgage Rates in Staten Island, NY as of August 19, 2019
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Data provided by Informa Research Services. Payments do not include amounts for taxes and insurance premiums. Click for more information on rates and product details.

How Do Today's Staten Island, NY Mortgage Rates Compare?

August 19, 2019

The current average rate for a 30 year fixed rate mortgage in Staten Island 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
Today's
Staten Island, NY Rates
National
Average
Comparison
30 Year Fixed Rate
A.AAA%
3.600%
15 Year Fixed Rate
B.BBB%
3.050%
5/1 Adjustable Rate Mortgage
C.CCC%
3.360%

How Affordable is Housing in Staten Island, New York?

The median home value for Staten Island, NY (Richmond County) is $536,892

The median household income for Staten Island, NY (Richmond County) is $78,575

Based on current mortgage rates and a 10% down payment, you need to make $99,610 per year to buy the median priced home in Staten Island

The home price you can afford to by based on household income in Staten Island is 79% of the median home value which means housing prices are very expensive

Staten Island (Richmond County) ranks 58 out of 62 counties in New York and 3,094 out of 3,142 counties in the United States for housing affordability.

According to the FREEandCLEAR Housing Affordability Index, the housing market in Staten Island, NY is very expensive

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Loan Limits for Staten Island, New York

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

Conforming loan limits for Staten Island, NY

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

FHA loan limits for Staten Island, NY

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

VA loan limits for Staten Island, NY

1 unit: $726,525

Additional Mortgage Resources for Staten Island, NY Residents

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Sources

US Census Bureau American Community Survey: https://www.census.gov/programs-surveys/acs

FHFA House Price Index: https://www.fhfa.gov/DataTools/Downloads/Pages/House-Price-Index-Datasets.aspx#qat

Income Growth: https://www.bls.gov

National Average Rates: http://www.freddiemac.com/pmms/

Conforming Loan Limits: https://www.fhfa.gov/DataTools/Downloads/Pages/Conforming-Loan-Limits.aspx

FHA Loan Limits: https://entp.hud.gov/idapp/html/hicostlook.cfm

VA Loan Limits: https://www.benefits.va.gov/homeloans/purchaseco_loan_limits.asp

FREEandCLEAR Housing Affordability Index