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Homes and Community Renewal

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Home Buyers

SONYMA and AHC offer programs to promote homeownership among low- and moderate-income New Yorkers.

SONYMA

  • SONYMA traditional bond-financed programs offers low interest mortgages for first-time homebuyers that include down payment assistance.
    • For a list of SONYMA's different mortgage programs, click here.

    • To see SONYMA's current interest rates, click here.

    • To find out how to qualify for a SONYMA mortgage, click here.

  • SONYMA's Conventional Plus Program is a new mortgage program that combines 30-year fixed rate mortgages with SONYMA down payment assistance for both first-time homebuyers and previous homeowners. The program may be used for the purchase of a primary home or for the refinance of an existing loan. The down payment assistance may also be used to pay closing costs (including an upfront single mortgage insurance premium, if necessary, and thus eliminating the monthly mortgage insurance premium payment). With all these combined features including flexible underwriting guidelines, Conventional Plus offers a lower monthly payment than most mortgages. Click here to learn more.