NY mortgage rates

Chemung County

Clear, current 2026 mortgage and refinance loan limits for homeowners in Chemung County, New York. Use the verified baseline numbers below to calculate your refinance payment, evaluate your home equity, and monitor when rate alerts make refinancing advantageous.

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2026 limits

2026 Mortgage Loan Limits

Chemung County

Conforming Loan Limits

Per property
1 unit$832,750
2 units$1,066,250
3 units$1,288,800
4 units$1,601,750

FHA Loan Limits

Per property
1 unit$541,287
2 units$693,050
3 units$837,700
4 units$1,041,125

Source: Official Federal Housing Finance Agency (FHFA) and HUD loan limit schedules. Conforming data represents conventional maximums. Last synchronized: 2026 update cycle.

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Refinance Payment Estimate

Estimate Your Refinance in Chemung County

Use your current mortgage details to estimate a new refinance payment and potential monthly savings.

Estimated New Monthly Payment$2,528Principal & interest only
Home value − mortgage balance
Mortgage balance ÷ home value
Added to the proposed new loan
Proposed New Loan Amount$400,000
Estimated New Payment$2,528
Estimated Monthly SavingsAdd current rate

Estimates include principal and interest only. Taxes, insurance, closing costs, and mortgage insurance are not included.

About Chemung

A local view of the market.

In Chemung County, New York, the real estate market has seen a notable increase in median home values. As of October 2024, the median listing price for homes in the county was approximately $174,133, reflecting a 7.2% increase from the previous month. The average home value in the county is $156,029, which has risen by 5.0% over the past year. The top cities in Chemung County include Elmira, Horseheads, and Big Flats. Elmira is the largest city, with a population of approximately 27,000 residents, while Horseheads has around 19,000 residents. Big Flats, known for its suburban feel, has a smaller population of about 7,000 people. Living in Chemung County offers a mix of rural and suburban lifestyles, with a strong presence of agriculture and small farms. The area is characterized by its scenic landscapes and outdoor recreational opportunities. Key industries include healthcare, education, and manufacturing, which attract residents seeking employment opportunities. The county has seen migration patterns influenced by its affordable housing and the appeal of a quieter, community-focused lifestyle.

County snapshot

Market context.

NY

Public location data associated with this county record. Optional fields are shown only when present in the source.

Market areaElmiraMapped market area
Area code21300CBSA / MSA reference
Featured communityElmiraFrom the county record
Data year2026Aligned with this limit record
Elmira
Top cities & communities

Communities to explore.

Elmira
Questions & Answers

Refinancing in Chemung County

Common questions about 2026 loan limits and refinancing opportunities in New York.

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