Biweekly mortgage
A Biweekly mortgage has payments every two weeks. Since the payments are made every two weeks there are 26 payments made each year. Biweekly payments allow you to pay off the loan with a smaller over-all interest payment due to frequent principal balance reductions.
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First Mortgage (Refinance and Purchase) Conforming Loan Limits:
Effective January 1, 2006
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Single Family Residence
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Two Family Residence
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Three Family Residence
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Four Family Residence
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|
$417,000
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$533,850
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$645,300
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$801,950
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Mortgage Loan Limits are 50% higher in Alaska, Hawaii, Guam, and the U.S. Virgin Islands are 50 percent higher than the mortgage limits for the rest of the country.
Second Mortgage (HELOC, Second Trust Deed):
$208,500
$312,750 in Alaska, Hawaii, Guam, and the U.S. Virgin Islands
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FHA mortgage loan limts by County:
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County
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Single Family
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2 Units
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3 Units
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4 Units
|
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ALBANY
|
$228,000
|
$256,800
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$256,800
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$312,000
|
|
ALLEGANY
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$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
BRONX
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$362,790
|
$464,449
|
$464,449
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$561,411
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|
BROOME
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$200,160
|
$256,248
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$256,248
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$309,744
|
|
CATTARAUGUS
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$200,160
|
$256,248
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$256,248
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$309,744
|
|
CAYUGA
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$200,160
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$256,248
|
$256,248
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$309,744
|
|
CHAUTAUQUA
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$200,160
|
$256,248
|
$256,248
|
$309,744
|
|
CHEMUNG
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$200,160
|
$256,248
|
$256,248
|
$309,744
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|
CHENANGO
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$200,160
|
$256,248
|
$256,248
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$309,744
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|
CLINTON
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$200,160
|
$256,248
|
$256,248
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$309,744
|
|
COLUMBIA
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$200,160
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$256,248
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$256,248
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$309,744
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|
CORTLAND
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$200,160
|
$256,248
|
$256,248
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$309,744
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DELAWARE
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$200,160
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$256,248
|
$256,248
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$309,744
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|
DUTCHESS
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$308,750
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$347,750
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$347,750
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$422,500
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ERIE
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$209,057
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$256,248
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$256,248
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$309,744
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|
ESSEX
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$200,160
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$256,248
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$256,248
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$309,744
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|
FRANKLIN
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$200,160
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$256,248
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$256,248
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$309,744
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|
FULTON
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$200,160
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$256,248
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$256,248
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$309,744
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GENESEE
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$200,160
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$256,248
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$256,248
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$309,744
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GREENE
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$200,160
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$256,248
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$256,248
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$309,744
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HAMILTON
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$200,160
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$256,248
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$256,248
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$309,744
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HERKIMER
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$200,160
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$256,248
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$256,248
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$309,744
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JEFFERSON
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$200,160
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$256,248
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$256,248
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$309,744
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KINGS
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$362,790
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$464,449
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$464,449
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$561,411
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LEWIS
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$200,160
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$256,248
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$256,248
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$309,744
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LIVINGSTON
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$201,400
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$256,248
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$256,248
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$309,744
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MADISON
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$203,300
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$256,248
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$256,248
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$309,744
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MONROE
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$201,400
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$256,248
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$256,248
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$309,744
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MONTGOMERY
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$200,160
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$256,248
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$256,248
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$309,744
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NASSAU
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$362,790
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$464,449
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$464,449
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$561,411
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NEW YORK
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$362,790
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$464,449
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$464,449
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$561,411
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NIAGARA
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$209,057
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$256,248
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$256,248
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$309,744
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ONEIDA
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$200,160
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$256,248
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$256,248
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$309,744
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ONONDAGA
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$203,300
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$256,248
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$256,248
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$309,744
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ONTARIO
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$201,400
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$256,248
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$256,248
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$309,744
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ORANGE
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$308,750
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$347,750
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$347,750
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$422,500
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ORLEANS
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$201,400
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$256,248
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$256,248
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$309,744
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OSWEGO
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$203,300
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$256,248
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$256,248
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$309,744
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OTSEGO
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$200,160
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$256,248
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$256,248
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$309,744
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PUTNAM
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$362,790
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$464,449
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$464,449
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$561,411
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|
QUEENS
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$362,790
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$464,449
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$464,449
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$561,411
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RENSSELAER
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$228,000
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$256,800
|
$256,800
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$312,000
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|
RICHMOND
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$362,790
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$464,449
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$464,449
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$561,411
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|
ROCKLAND
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$362,790
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$464,449
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$464,449
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$561,411
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SARATOGA
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$228,000
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$256,800
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$256,800
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$312,000
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SCHENECTADY
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$228,000
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$256,800
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$256,800
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$312,000
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|
SCHOHARIE
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$228,000
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$256,800
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$256,800
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$312,000
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|
SCHUYLER
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$200,160
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$256,248
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$256,248
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$309,744
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SENECA
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$200,160
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$256,248
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$256,248
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$309,744
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|
ST. LAWRENCE
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$200,160
|
$256,248
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$256,248
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$309,744
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|
STEUBEN
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$200,160
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$256,248
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$256,248
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$309,744
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|
SUFFOLK
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$362,790
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$464,449
|
$464,449
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$561,411
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|
SULLIVAN
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$200,160
|
$256,248
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$256,248
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$309,744
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|
TIOGA
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$200,160
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$256,248
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$256,248
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$309,744
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|
TOMPKINS
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$200,160
|
$256,248
|
$256,248
|
$309,744
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|
ULSTER
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$246,300
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$277,411
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$277,411
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$337,042
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WARREN
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$200,160
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$256,248
|
$256,248
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$309,744
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|
WASHINGTON
|
$200,160
|
$256,248
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$256,248
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$309,744
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|
WAYNE
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$201,400
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$256,248
|
$256,248
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$309,744
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WESTCHESTER
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$362,790
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$464,449
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$464,449
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$561,411
|
|
WYOMING
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$200,160
|
$256,248
|
$256,248
|
$309,744
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|
YATES
|
$200,160
|
$256,248
|
$256,248
|
$309,744
|
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