About mortgage rates in Staten Island
Staten Island mortgage rates are influenced by a unique blend of local supply dynamics and broader shifts within the New York real estate market. As one of the most suburban boroughs of New York City, Staten Island offers a distinct pace of life that continues to attract buyers looking for more space without leaving the city, making it essential to monitor how regional demand impacts your financing options.
Navigating the current lending environment requires a clear understanding of your personal financial profile alongside the specific trends affecting Richmond County. By staying informed on how local property values and credit conditions interact, you can better position yourself to evaluate the lending programs that best align with your homeownership goals in this borough.
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13 offers · $640,000 loan in 10314 · Live pricing
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This week in the Staten Island mortgage market
For borrowers in New York, our featured Conventional 30-year fixed pricing today is 6.250% (6.299% APR) with 0.179 discount points (about $1,146 paid at closing). The APR folds in lender fees and points alongside the interest rate, so it gives a fuller picture of what the loan costs than the rate alone. At that rate the estimated principal and interest payment is $3,941 per month, before property taxes, homeowners insurance and any HOA dues. This pricing assumes a $640,000 purchase loan on a $800,000 single-family primary residence in ZIP 10314, New York, with $160,000 down, a 780+ credit score and a 30-day rate lock, as of September 4, 2026. Your own rate depends on your credit, loan amount, property and program, and rates change daily — this is not a commitment to lend.
This week, the Freddie Mac national average for a 30-year fixed mortgage rose to 6.71%, an increase of 0.05% from last week. This current average sits at the upper end of the 52-week range, which has spanned from 5.98% to 6.71% over the past year. Meanwhile, the national average for a 15-year fixed mortgage is currently at 6.04%.
For homebuyers and homeowners across New York looking to refinance, these national trends serve as a helpful baseline for understanding the broader lending environment. While these averages reflect the national market, they illustrate how recent economic shifts can influence your monthly payment and overall borrowing costs. Understanding where these rates fall within the year’s established range can help you stay informed as you evaluate your personal financial goals and budget for your next move in the New York housing market.
52 weeks of mortgage rates
The line shows the Freddie Mac national 30-year fixed average each week. The dashed line is our featured New York pricing today.
Source: Freddie Mac Primary Mortgage Market Survey. National averages are survey data, not quotes.
The Staten Island housing market
Housing in Staten Island typically spans a wide range of values, from single-family detached homes in areas like Todt Hill and Emerson Hill to the more accessible townhomes and semi-detached properties found throughout neighborhoods such as New Springville and Great Kills. Buyers should be aware that the borough’s property tax structure is unique within New York City, and these costs are frequently factored into your total monthly housing obligation by your lender.
Because many homes in Richmond County often fall within the conventional conforming loan limits, most buyers here have access to a variety of standard mortgage products. However, as property values fluctuate, it is important to verify whether your target purchase price requires a jumbo loan, which may involve different underwriting standards and requirements compared to standard conforming mortgages.
Which loan program fits you?
Conventional
Backed by Fannie Mae or Freddie Mac. Strong pricing with 3% down and up for qualified buyers, and mortgage insurance drops off once you reach 20% equity.
FHA
Government-insured with flexible credit requirements and 3.5% down. Mortgage insurance applies for the life of most FHA loans, but the rate is often competitive.
VA
For eligible veterans, active-duty service members and surviving spouses. No down payment required and no monthly mortgage insurance.
Jumbo
For loan amounts above the conforming limit — common across downstate New York. Requires stronger reserves and credit, with pricing that moves independently of conforming loans.
USDA
Zero-down financing for eligible rural and small-town New York properties, subject to income and location limits.
Comparing rate, APR and points in Staten Island
When comparing your financing options, the interest rate represents the base cost of borrowing, but the Annual Percentage Rate, or APR, provides a more comprehensive view by including certain prepaid finance charges. Always ask your loan officer to detail how specific closing costs, such as loan origination fees, impact the overall cost of your mortgage over the life of the loan.
Beyond the interest rate, you may have the opportunity to choose between paying points to lower your rate or opting for lender credits to reduce your upfront out-of-pocket costs at the closing table. Carefully reviewing your Loan Estimate will help you understand how these trade-offs balance your immediate cash requirements against your long-term monthly savings.
New York-specific things to know
SONYMA programs
The State of New York Mortgage Agency offers below-market rate programs and down payment assistance for first-time buyers who meet income and purchase-price limits.
CEMA on refinances
A Consolidation, Extension and Modification Agreement can reduce New York’s mortgage recording tax when you refinance. Ask whether your loan qualifies before you lock.
Co-op financing
New York City co-ops are financed as share loans rather than real property, so lender guidelines, building approvals and closing costs differ from condos.
Closing cost planning
Between the mortgage recording tax, title, and attorney representation at closing, New York closing costs typically run higher than the national average — budget accordingly.
Frequently asked questions
How do Staten Island property taxes affect my mortgage payment?
In New York, property taxes are typically collected as part of your monthly mortgage payment through an escrow account. Your lender will calculate an estimate based on the local tax rate and the assessed value of the home to ensure enough funds are set aside for the annual payments.
Do I need a jumbo loan to buy a home in Staten Island?
Whether you need a jumbo loan depends on the purchase price of the home and the current conforming loan limits for New York. If your requested loan amount exceeds these federal limits, the mortgage is classified as a jumbo loan and may have different qualification requirements.
Does the neighborhood I choose in Staten Island impact my mortgage eligibility?
Lenders evaluate the property itself as part of the mortgage approval process, regardless of the specific neighborhood. However, the condition and type of property in certain areas may influence the appraisal process, which is a critical step in finalizing your loan.
What documentation do I need to start the mortgage process in New York?
You should be prepared to provide recent pay stubs, W-2 forms, and tax returns to verify your income. Lenders will also require statements from your bank accounts and details regarding any current debts to determine your debt-to-income ratio.
More New York rate pages
- → New York Mortgage Rates Today
- → New York Conventional Mortgage Rates — 2026
- → New York FHA Mortgage Rates — 2026
- → New York VA Mortgage Rates — 2026
- → New York Jumbo Mortgage Rates — 2026
- → New York USDA Mortgage Rates — 2026
- → New York Mortgage Refinance Rates — 2026
- → New York 15-Year Mortgage Rates — 2026
- → New York Adjustable-Rate Mortgage (ARM) Rates — 2026
- → New York Cash-Out Refinance Rates — 2026
- → New York First-Time Home Buyer Mortgage Rates — 2026
- → Suffolk County Mortgage Rates
- → Nassau County Mortgage Rates
Reviewed by
Gregory A. Topal · Chief Executive Officer, Reliant Home Funding
Licensed mortgage loan originator, NMLS #38684. Gregory leads Reliant Home Funding, a Long Island-based lender serving New York homebuyers. Last reviewed September 4, 2026.
Rate assumptions. Pricing shown is based on a $640,000 purchase loan on a $800,000 single-family primary residence in ZIP 10314, NY, with $160,000 down, a 780+ credit score and a 30-day lock, as of September 4, 2026. Rates and terms are subject to change without notice and are not a commitment to lend. Your actual rate, payment and costs may differ. APR includes estimated lender fees. All loans subject to credit approval and property appraisal. Reliant Home Funding, NMLS #292473. Equal Housing Opportunity.