Skip to Main Content
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

Translation Disclaimer

Low Interest Rate Program

SONYMA's Low Interest Rate Program provides qualified low and moderate income first time homebuyers with low downpayment mortgage financing on one to four family dwellings (including condominiums and cooperative apartments, as well as manufactured homes permanently attached to real property) at competitive fixed interest rates.

Down payment assistance is available for the Low Interest Rate Program.

Funds are available for minor repairs under the Low Interest Rate Program.

All SONYMA Mortgage Programs require borrowers to meet certain Household Income and Purchase Price limits.

To apply for a SONYMA loan you must contact one of over 50 Participating Lenders located statewide.

To compare the Low Interest Rate Program with all other SONYMA mortgage programs, see our Program Comparison Chart

Last updated: 12/17/2013


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