For 2025, the FHA loan limits in Lake-Placid county, part of Essex, NY, are specified as follows: $356,362 is the ceiling for single-family homes, $456,275 for those with 2-units, $551,500 applies to 3-unit properties, and $685,400 covers 4-unit buildings.
Conventional loan limits for a single-family residence top out at $548,250. For 2-units, the maximum is $702,000; for 3-units, it's $848,500; and for properties comprising 4-units, the limit is $1,054,500.
Make use of our FHA calculator to examine today's premier FHA rates and determine the necessary down payment, income, credit score, reserves, and documentation to qualify.
The Lendersa® calculator is an exceptional tool that allows users to compare FHA rates and terms with those of all other loan programs. You have the opportunity to review an array of alternatives such as Conventional loans, Jumbo loans, VA, USDA, Non-QM, and hard money loans, together with FHA options.
Our Lendersa® system aggregates comprehensive loan data from thousands of lenders, instantly aligning it with your individual financial circumstances and requirements.
The Loan Limits Comparison Table for 2025 for Lake-Placid county within Essex, NY, lets you compare FHA, Conventional Conforming, Jumbo, USDA, VA, Non-QM, Super Jumbo, Reverse Mortgage (HECM), and hard money loan maximums. To evaluate qualification requirements, including income, reserves, and credit, employ the Lendersa® Super Loan Integrated Qualifier (SLIQ™).
| SFR | 2 Units | 3 Units | 4 Units | |
|---|---|---|---|---|
| FHA | $356,362 | $456,275 | $551,500 | $685,400 |
| Conventional Conforming | $548,250 | $702,000 | $848,500 | $1,054,500 |
| Convetional High Balance | $548,250 | $702,000 | $848,500 | $1,054,500 |
| USDA | $285,000 | $285,000 | $285,000 | $285,000 |
| VA | $548,250 | $702,000 | $848,500 | $1,054,500 |
| None-Qm | $1,500,000 | $1,500,000 | $1,500,000 | $1,500,000 |
| None- QM- Super Jumo | $5,000,000 | $5,000,000 | $5,000,000 | $5,000,000 |
| Reverse Mortgage (HECM) | $822,375 | $822,375 | $822,375 | $822,375 |
| Proprietary Reverse Mortgage (Non-FHA) | $4,000,000 | $4,000,000 | $4,000,000 | $4,000,000 |
| Hard Money | $90,000,000 | $90,000,000 | $90,000,000 | $90,000,000 |
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