What Homes Qualify for an FHA Loan in Westchester County & The Bronx?

For many first-time buyers in Westchester County and the Bronx, an FHA loan can be the key to homeownership. With lower down payment requirements and flexible credit guidelines, FHA loans are often a great option. But not every property will qualify. If you’re considering this path, it’s important to understand what types of homes meet FHA standards.

1. Property Type
FHA loans can be used to purchase single-family homes, 2- to 4-unit multifamily homes, condominiums (in FHA-approved developments), and certain manufactured homes. In Westchester and the Bronx, this means everything from a modest co-op-style condo in the Bronx to a two-family home in Mount Vernon may qualify, if it meets FHA criteria.

2. Property Condition
The Federal Housing Administration requires homes to be “safe, sound, and secure.” An FHA appraisal goes beyond determining market value; it also checks the home’s livability. Major issues like a damaged roof, faulty electrical systems, broken heating, or peeling lead-based paint could cause delays or require repairs before approval. In older housing stock areas like Yonkers or the South Bronx, this can be a critical factor.

3. Condo Approval
Not all condos are FHA-eligible. The development must appear on HUD’s approved condo list, or it may need to go through a “spot approval” process. This is especially relevant in the Bronx, where condo ownership is common. Buyers should confirm eligibility before moving forward with an offer.

4. Loan Limits
In high-cost markets like Westchester County and New York City, FHA loan limits are higher than the national average. For 2025, the FHA loan limit for a single-family home in these areas is significantly above $700,000, giving buyers more flexibility to compete in pricier neighborhoods like New Rochelle or Riverdale.

Why This Matters for Buyers
If you’re searching for a home in Westchester or the Bronx, knowing whether a property qualifies for FHA financing can save you time, stress, and money. Since FHA loans are popular with first-time buyers, understanding these requirements also gives you an edge in competitive markets.

Ready to Find Your FHA-Approved Home?
Navigating FHA guidelines can feel overwhelming, but you don’t have to do it alone. As a local real estate professional familiar with both Westchester and Bronx housing markets, I can help you identify homes that qualify and guide you through the process from start to finish.

📞 Call me today at (646) 427-3035  to start your search for an FHA-approved home!