Skip to Main Content
NY.gov Portal State Agency Listing Search all of NY.gov
Home Buyers Home Owners Renters Income Limits Lenders Servicers Home Builders Real Estate Agents SONYMA Advisory Council Municipalities/Non-Profits AHC Grantees Neighborhood Stabilization Program (NSP) Homeownership Development Financing Multifamily Development Financing Low Income Housing Tax Credit Program Multifamily Financing Applications Multifamily Owners & Property Managers

Current Interest Rates for 30-Year Mortgages

  Without
Down Payment Assistance
With
Down Payment Assistance
Low Interest Rate Mortgage Program
Current Interest Rate (short-term lock-in rate) 5.00% 5.375%
Points1 0% 0%
Annual Percentage Rate (APR)2 5.00% 5.375%
Maximum Financing 97% 97%
Monthly payment per $1,000 borrowed $5.37 $5.60
Remodel New York Program
Current Interest Rate (short-term lock-in rate) 5.00% 5.375%
Points1 0% 0%
Annual Percentage Rate (APR)2 5.00% 5.375%
Maximum Financing 97% 97%
Monthly payment per $1,000 borrowed $5.37 $5.60
Achieving the Dream Mortgage Program4
Current Interest Rate3 3.875% 4.25%
Points1 0% 0%
Annual Percentage Rate (APR)2 3.875% 4.25%
Maximum Financing 97% 97%
Monthly payment per $1,000 borrowed $4.70 $4.92
Construction Incentive Program4
Current Interest Rate (long-term lock-in rate) 5.00% 5.375%
Points1 0% 0%
Annual Percentage Rate (APR)2 5.00% 5.375%
Maximum Financing 97% 97%
Monthly payment per $1,000 borrowed $5.37 $5.60

1 Applicant must pay a 1% rate lock-in fee within 14 days from application. The fee will be refunded or credited towards closing costs by the Participating Lender at closing.

2 APR calculation does not include PMI, if any.

3 Achieving the Dream offers both short-term lock-ins and long-term lock-ins.

4 ENERGY STAR® interest rates are .375% lower than our standard interest rates for loans with down payment assistance.

5 Rates are subject to change at any time.


Call SONYMA at 800-382-HOME (4663) orcontact a SONYMA Participating Lender for further details.


Last updated: 04/18/14


Free viewers are required for some of the attached documents.
They can be downloaded by clicking on the icons below.

Download Acrobat Reader    Download WinZip    Download Word Viewer    Download Excel Viewer    Download PowerPoint Viewer