SONYMA's FHA 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 mortgage (on a primary home). The down payment assistance may also be used to pay closing costs.
Down payment assistance is available for FHA Plus.
To apply for a FHA Plus loan you must contact a Participating Lender.