The RemodelNY Program provides competitive interest rate financing to qualified first time homebuyers for the purchase and renovation of homes in need of improvements or repairs. Under RemodelNY, SONYMA will finance both the purchase and the renovation of the home with one mortgage.
Features and requirements of the RemodelNY Program.
Current interest rates for the RemodelNY Program.
Down payment assistance is available for the RemodelNY Program.
Learn more about SONYMA's Down Payment Assistance Loan (DPAL).
All SONYMA Mortgage Programs require borrowers to meet certain Household Income and Purchase Price Limits.
SONYMA's Purchase Price Limits.
SONYMA's Household Income Limits.
To apply for a SONYMA RemodelNY Program loan you must contact either M&T Bank or Ulster Savings Bank.
SONYMA's Participating Lender List (to find a branch of M&T Bank or Ulster Savings Bank)
To compare the RemodelNY Program with all other SONYMA mortgage programs, see our Program Comparison Chart.