NYS 1st Time Buyer Program

PrettyGyrl · ‎01-01-2015

Happy New Year All,
Does anyone know of any 1st Time Buyer Programs in NY? I'm starting my research and I'm feeling a bit overwheled. I'm looking to buy in NYC.
-Thanks In Advance

Started from the bottom, now I'm here: 4/20/15: EX-674 TU 704 EQ-677
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Peter1142 · ‎01-02-2015

Yes there is, SONYMA. I don't think you have to be a first time home buyer.. but I think there are income limits. I don't really remember... there was a reason I didn't go that way. There are surely other special programs in NYC, especially the lower income areas. Do some Googling...

kjel · ‎01-02-2015

SONYMA is the statewide program, however they will often layer with local programs administered by a county or city. Where are you intending to purchase?

justrock · ‎01-02-2015

I just closed on my home using a NY first time home buyers program. I put money away for 12 months and they matched me 4 to 1. I saved $2000, the program gave me $8000 more for down payment and closing costs. I am in Ulster County and the program was administered through Ulster Savings Bank. I also got a very good interest rate, 3.625% for an FHA loan.

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PrettyGyrl · ‎03-10-2015

@kjel wrote:
SONYMA is the statewide program, however they will often layer with local programs administered by a county or city. Where are you intending to purchase?

Sorry for the very late response...I've been on the other boards....I'm looking to buy in NYC, specifically the Bronx.

Started from the bottom, now I'm here: 4/20/15: EX-674 TU 704 EQ-677
TU-Clean...EQ & EX-1 Paid Collections & 1 Judgement
T minus 4 months until Operation EE!!
Goal: 750 Across the board! AMEX Approved! Living in the Garden