Home Values in Queens County

*From 2022 public Census data

Interesting Mortgage Facts in Queens County

• The average loan amount in Queens County was $588,972 whereas the median loan amount was $455,000
• 10% percent of all loans in Queens County were used for "cash out refinancing" (1214 out of 12218 total loans were cash-out refi loans)
• 8% percent of all mortgages in Queens County were FHA loans (965 out of 12218 total loans were FHA loans)
• 0% percent of all mortgages in Queens County were VA (Veterans Affairs) loans (55 out of 12218 total loans were VA loans)
• 1.72% percent of the population in Queens County were veterans (31474 out of 1834688 people were US military veterans)
• The biggest residential mortgage loan funded in Queens County was $5,005,000!
• The average interest rate in Queens County was 6.63% (30-year mortgages of $200,000 or more)
• The lowest interest rate given to a borrower on a 30-year mortgage of $200,000 or more was 1.125%
• The highest interest rate given to a borrower on a 30-year mortgage of $200,000 or more was 13.500%
• The average rate spread in Queens County was 0.144% (30-year mortgages of $200,000 or more)
• The 35-44 age bracket made up the largest group of borrowers at 26% of all loans in Queens County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA) and from 2022 public Census data

Conforming Loan Limits - Queens County, NY

The Conforming Loan Limits for Queens County, New York are shown below.

FHA Loan Limits - Queens County, NY (for 2025)

The 2025 FHA loan limits for Queens County, New York are described below.

Home Possible® Freddie Mac Loan Limits - Queens County, NY

Eligibility for Freddie Mac's Home Possible® mortgage loan requires that your income is $93,040 or less if you are buying a home in Queens County, New York.

Homebuyers that earn 80% or less than the median income for their area (AMI - Area Median Income) generally are eligible for the Home Possible loan. Also, Freddie Mac has a special down payment assistance program that runs until February 28, 2025 for people that earn 50% or less than the median income. This is considered "very low income" by Freddie Mac. If you're in the very low income range, you're eligible for a $2500 down payment credit from Freddie Mac.

• Home Possible eligibility income limit in Queens County, NY: $93,040
• Income limit for the $2500 down payment credit in Queens County, NY: $58,150 per year

*For the most accurate income limits for the Freddie Mac Home Possible® loan and down payment assistance, please visit the Home Possible® Income and Property Eligibility Tool

Own or Rent in Queens County?

*From 2022 public Census data

Household incomes in Queens County

• Typical household income in Queens County (median income): $80,557
• Number of homes with income between $20K - $40K: 109,327
• Number of homes with income between $40K - $60K: 101,538
• Number of homes with income between $60K - $100K: 181,011
• Number of homes with income between $100K - $150K: 153,672
• Number of homes with income between $150K - $200K: 88,528
• Number of homes with income over $200K: 100,040

*From 2022 public Census data

The people of Queens County, NY

*From 2022 public Census data

Borrower complaints in Queens County

Date of Complaint: 7/15/2025
ZIP code of borrower: 11429 (QUEENS VILLAGE, NY)
Company/Lender: Shellpoint Partners, LLC
Issue or Problem: Struggling to pay mortgage (Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure)
I am a homeowner with a mortgage serviced by Shellpoint Mortgage. In early XXXX, I was blindsided by a drastic increase in my monthly mortgage payment-from around {$1100.00} to nearly {$2000.00} per month-due to an unexpected {$40000.00} water bill being added to my escrow account. This increase caused me to fall behind on my payments, as I was not given advance notice or a clear explanation prior to the adjustment. I sent a Qualified Written Request ( QWR ) via certified mail on XX/XX/year>, asking for a detailed explanation of the charges. I also called Shellpoint on the same day and was told I would need to pay {$6000.00} by XX/XX/year>, plus {$2000.00} per month going forward. When I requested options to bring the loan current ( such as forbearance, repayment plan, or loan modification ), I was told that no alternatives were available. Shellpoint has been uncooperative and dismissive. Their representatives have not provided written breakdowns, alternate options, or support despite my good faith efforts. Their demand for a {$6000.00} lump sum-especially when tied to an escrow-related charge I was unaware of-feels predatory, unrealistic, and unsustainable.
Company Response: Company believes it acted appropriately as authorized by contract or law

Date of Complaint: 6/29/2025
ZIP code of borrower: 11435 (JAMAICA, NY)
Company/Lender: Shellpoint Partners, LLC
Issue or Problem: Trouble during payment process (Escrow, taxes, or insurance)
Newrez LLC Mortgage XXXX is forcing me to pay for lender-placed insurance and escrow, although the building I live in is a co-op building and I already pay maintenance fees to the building 's corporation, which include taxes and my share of the entire building 's insurance. In essence, now there are two policies which is also against insurance stacking benefits regulations in NY. I have spoken with them several times, and even sent them a copy of the master certificate of insurance covering the property from the building corp. Keep in mind, I am a shareholder, and that a coop is not real property. They do not listen, and they make communication with them extremely difficult. Thank you.
Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

Date of Complaint: 5/29/2025
ZIP code of borrower: 11208 (BROOKLYN, NY)
Company/Lender: Caneel Capital, LLC
Issue or Problem: Struggling to pay mortgage (Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure)
I never knew who had the loan, I wasn't informed when XXXX XXXX got the loan and wasn't informed when trinity financial services llc took over the loan, I didn't agreed to terms and conditions trinity financial services gave me, I needed more time to pay and they refused

Date of Complaint: 5/10/2025
ZIP code of borrower: 11434 (JAMAICA, NY)
Company/Lender: WELLS FARGO & COMPANY
Issue or Problem: Struggling to pay mortgage (Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure)
XXXX XXXX XXXX XXXX XXXX XXXX, NY XXXX XX/XX/year> Consumer Financial Protection Bureau ( CFPB ) XXXX XXXX XXXX XXXX XXXX XXXX XXXX XXXXXXXX Re : Case Number : XXXX Complaint ID : XXXX Wells Fargo Home Mortgage XXXX Response to Complaint Dear CFPB Representative, I am writing to vehemently reject Wells Fargo 's inadequate response , dated XX/XX/year>, regarding my original complaint and supporting affidavit, submitted to the Consumer Financial Protection Bureau XXXX CFPB XXXX XXXX XX/XX/year>. Wells Fargo 's response is not only insufficient but also blatantly dismissive of key legal obligations and the evidence I provided. It is clear they have not taken this matter seriously, and I demand immediate and full rectification of the issues raised. The companys response fails to address multiple critical legal violations outlined in my original affidavit. I will not accept evasive, incomplete, or unsupported answers. The following issues remain unresolved : Blatant Disregard for the Arbitration Clause and Contractual Violations Despite clear references to the binding arbitration clause in my complaint, Wells Fargo continues to pursue foreclosure in direct violation of this legally binding agreement. This is an overt violation of the Federal Arbitration Act ( 9 U.S. Code 1 et seq. ), and the company 's refusal to honor this provision is unacceptable. I demand the immediate cessation of all foreclosure activities until the matter is resolved through arbitration, as is explicitly required by the contractual terms. Failure to Acknowledge UCC Claims & Secured Party Status I have provided irrefutable evidence of my UCC-1 Financing Statement and my status as a secured party. Wells Fargo 's failure to acknowledge this fact is a deliberate oversight that undermines my legal rights under UCC Article 9. Their refusal to address my secured party status is a gross violation of my rights. I will not accept any further delay or dismissal of my rightful claim. Neglect of TILA Violations The Truth-in-Lending Act ( TILA ) violations I raised were entirely ignored in Wells Fargos response. This is not a trivial matter. TILA mandates accurate and truthful disclosures regarding the terms of a mortgage. The company has failed to provide any substantive response to the violations outlined, which constitute serious legal breaches. I demand a thorough investigation into these violations and the immediate rectification of any misleading disclosures. Complete Ignorance of Mortgage Audit Findings ( Exhibit A ) The mortgage audit I submitted, which revealed significant discrepancies, was completely disregarded in their response. Wells Fargos refusal to address the discrepancies outlined in Exhibit A is a blatant attempt to avoid accountability. I demand that Wells Fargo provide a full, point-by-point response to the audit findings, including a detailed explanation of the discrepancies and their plan for correction. Failure to Correct Credit Reporting Inaccuracies The companys claim that foreclosure reporting ceased due to obsolescence is nothing more than a diversion from the fact that their initial reporting was entirely invalid. The timeline of default and the outstanding balance were misreported, and Wells Fargos failure to address these inaccuracies is unacceptable. I demand an immediate correction to my credit report, with all invalid public records removed, and an accurate account status reflected. Immediate Demands for Resolution : Given the company 's complete failure to address these legal violations, I am demanding the following : Immediate cessation of all foreclosure actions pending arbitration review, as required by the binding arbitration clause. Formal acknowledgment of my secured party status and validation of the UCC-1 filings I have made. Full investigation into TILA violations, including the correction of any misleading disclosures. Full resolution of all discrepancies identified in the mortgage audit, with a detailed explanation of corrective actions. Immediate correction of my credit report to reflect the true status of my account, including the removal of all invalid public records. Failure to address these demands will leave me no choice but to escalate this matter further, including through legal channels. I will not tolerate any further delays or attempts to circumvent my legal rights. I am prepared to pursue every avenue available to me to ensure that Wells Fargo is held fully accountable for their actions. I expect this matter to be resolved expeditiously. I demand a full and complete response within the next 15 days. Should the company fail to comply, I will proceed with the necessary legal actions to protect my rights and seek full redress. This rebuttal must be included in the case record, and the company must be notified that my objections are ongoing. I am prepared to take further legal action if this issue is not properly resolved. Sincerely, XXXX XXXX XXXX Secured Party Authorized Representative All Rights Reserved Without Prejudice
Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

Date of Complaint: 5/10/2025
ZIP code of borrower: 11434 (JAMAICA, NY)
Company/Lender: WELLS FARGO & COMPANY
Issue or Problem: Struggling to pay mortgage (Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure)
Consumer Financial Protection Bureau XXXX XXXX XXXX XXXX Wells Fargo XXXX XXXX XXXX XXXX XXXX, SD XXXX Subject : Demand for Direct Response to CFPB Affidavit of Complaint Case Number : XXXX Dear Sir/Madam, This letter serves as a formal demand for Wells Fargo to provide a direct response to the Consumer Financial Protection Bureau ( CFPB ) regarding the affidavit of complaint submitted by XXXX XXXX, dated XX/XX/year>, and Case Number XXXX. It has come to our attention that Wells Fargo has attempted to direct the response to the undersigned attorney, XXXX XXXX XXXX XXXX, rather than addressing the complaint and affidavit directly to the CFPB. Such action is a violation of the agreed-upon procedures, as stipulated by the CFPBs complaint process. Wells Fargo is under a legal obligation to provide a point-by-point response to the consumer complaint submitted to the CFPB, and can not subvert this obligation by routing responses to an attorney instead of the governing body. Please be advised that Wells Fargos failure to provide the necessary direct response to the CFPB violates the CFPBs formal complaint process and delays the timely resolution of this matter. Therefore, we request the following actions immediately : Immediate Response to the CFPB : Wells Fargo must submit a full, detailed, and direct response to the CFPB, addressing each element of the affidavit of complaint, including the acknowledgment of the arbitration clause, secured party status, UCC claims, Truth-in-Lending Act ( TILA ) violations, and credit reporting discrepancies. Full Acknowledgment of Affidavit : Wells Fargo must provide a clear point-by-point rebuttal or acknowledgment of the claims made in the sworn affidavit submitted as part of the complaint, in accordance with the Federal Rules of Civil Procedure, where an unrebutted affidavit stands as fact. Clarification of the Foreclosure Activity : An immediate cessation of all foreclosure activities, pending a full review of the affidavit and supporting materials, as required by law. Provision of Corrected Credit Reporting : A full investigation into credit reporting issues and a correction of any inaccuracies related to the account, including the removal of invalid public records or foreclosure reporting. This issue must be addressed expeditiously. If Wells Fargo fails to comply with the CFPBs established procedures and provide the necessary direct response, we reserve the right to escalate this matter through additional legal channels, including but not limited to, formal legal action. Please acknowledge receipt of this letter and confirm that the necessary steps are being taken to ensure compliance with the CFPB 's complaint resolution process. Sincerely, XXXX XXXX Secured Party Authorized Representative All Rights Reserved, Without Prejudice XXXX XXXX XXXX XXXX, XXXX, NY XXXX CC : Consumer Financial Protection Bureau Complaint ID : XXXX
Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

Date of Complaint: 4/30/2025
ZIP code of borrower: 11429 (QUEENS VILLAGE, NY)
Company/Lender: WELLS FARGO & COMPANY
Issue or Problem: Struggling to pay mortgage (Trying to communicate with the company to fix an issue related to modification, forbearance, short sale, deed-in-lieu, bankruptcy, or foreclosure)
Fees are owed to me by the bank I am still waiting to receive my remediation check for Auto loans and Mortgages that I had and my mother.
Company Response: Company has responded to the consumer and the CFPB and chooses not to provide a public response

Date of Complaint: 4/25/2025
ZIP code of borrower: 11692 (ARVERNE, NY)
Company/Lender: SELECT PORTFOLIO SERVICING, INC.
Issue or Problem: Trouble during payment process (Escrow, taxes, or insurance)
The mortgage company is charging double the required escrow amount based on yearly taxes and insurance premium, resulting in overinflated escrow balance and {$400.00} more expensive monthly mortgage payments. I have contacted them minimum of 6 times with no result. They refuse to allow me to speak directly to the escrow department and insist on only filling a new request in their system. I have also asked to speak to manager or supervisors on my call, which have been also denied.
Company Response: Company believes it acted appropriately as authorized by contract or law

*From public CFPB data

Top 5 mortgage companies doing the most loans to Asians in Queens County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)
*Includes loans where the applicant race was reported as one of the following: Asian, Native Hawaiian or Other Pacific Islander, Asian Indian, Chinese, Filipino, Japanese, Korean, Vietnamese, Other Asian, Native Hawaiian, Other Pacific Islander

Top 5 mortgage companies doing the most loans to Blacks in Queens County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)

Top 5 mortgage companies doing the most loans to Hispanics in Queens County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)

Top 5 mortgage companies doing the most loans to Whites in Queens County

*From 2023 public data reported by lenders as required by the Home Mortgage Disclosure Act (HMDA)