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NYlow interest loanactive
SONYMA Achieving the Dream
State of New York Mortgage Agency
Low-rate mortgage with DPA up to $15K (or 3% of purchase, whichever is greater)
Overview
Low rate + up to $15K DPA for first-time New York buyers.
Detailed requirements
First-time buyer. Income limits vary by county. DPA: minimum $1K, up to $15K or 3% of purchase price. Repaid only if loan is paid off in first 10 years.
Eligibility at a glance
- First-time buyer required
- Yes
- Min credit score
- 660
- Owner-occupied required
- Yes
- Homebuyer education required
- Yes
Ready to apply?
A free grant specialist walks you through eligibility and the official application in one short call.
Last verified 2026-09-02. Updated weekly. Always confirm details on the official program page before applying.