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Homes and Community Renewal

SONYMA Graduate to Homeownership Program

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The Homes for Veterans Program:

Interest Rate
3.875%
For complete program details, click here.


SONYMA offers low-interest rate mortgages, down payment assistance, and homebuyer education resources for recent college graduates purchasing
their first home in certain upstate New York communities.

Click here to find a participating lender and for more information, call 1 (800) 382-4663.

Program Features Include:

  • Competitive 30 year fixed interest rate ·   
  • Downpayment assistance loan available with no increase in interest rate (3% of home purchase price up to $15,000)
  • The Ability to Finance Additional Improvements into Your Purchase Mortgage
  • Can be Combined with other Grants and Assistance Programs

Eligible Properties

  • One‐Four‐Family* Properties in Eligible Communities

Eligible Applicants:

  • Applicants Must Intend to Occupy the Property as their Primary Residence
  • Income Limits Apply (Varies by county.  Click here for limits.)
  • Good Credit, Stable Employment and Ability to Make Monthly Mortgage Payments
  • Available for first time homebuyers who have graduated with an associate's, bachelor's, master's or doctorate degree within the last 48 months from a program recognized by the U.S. Department of Education

Eligible Communities

Must purchase in an eligible community (One of the following communities identified for Downtown Revitalization):


For More Information, call us at:
(800) 382-HOME (4663)

SONYMA also offers other home ownership assistance programs.

View other SONYMA programs here.