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Homes and Community Renewal

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RemodelNY Program

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.

Down payment assistance is available for the RemodelNY Program.

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

Not all SONYMA participating lenders offer the RemodelNY program. Please check with your lender before applying for financing.

To compare the RemodelNY Program with all other SONYMA mortgage programs, see our Program Comparison Chart.

 


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