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First Time Home Buyer Grants

Find New York first time home buyer grants here! A complete list of programs for home buying in New York and other home mortgage options to help you buy that first house below.

You're probably very excited! Everyone wants to eventually live in their own home. But you may feel some drawbacks as well. Don't let that stop you.

I plan to give you some useful information to help you with this beautiful step. 

Receiving help monetarily is like sitting on a pile of money. 

If you would like help navigating the home buying process, which includes finding a grant; searching for that perfect home or even selecting the right mortgage, click here and fill out the questionnaire for some free coaching and let's get this process started!

New York first time home buyer grants

New York Programs or Grants for Home Buying 

To begin with, the State of New York does offer a New York first time home buyer grant program for its residents. This is good news because not all states are able to offer assistance to first time home buyers.

The state agency which maintains this program for New York is the New York State Housing Finance Agency. This particular program is considered a loan but is completely forgiven after 10 years. The cool thing is there is no monthly payments with it. Thus, if you stay in your home the required period of time, this loan becomes in essence a grant.

You can receive up to 3% of the first mortgage amount up to $15,000. The program is called "Down Payment Assistance Loan" (DPAL). This must be used with a SONYMA product.

Another program is the "Graduate to Homeownership." This program allows for recent college graduates assistance in buying a home. There is down payment assistance loan provided with it. 

Other programs you may want to investigate in the "SONYMA" programs. They have an FHA one and a conventional one for first time home buyers. There are limitations and restrictions that must be met to qualify.

Then there is the "Achieving the Dream Program", which offers help for those first time buyers who purchase a newly constructed energy efficient home. 

Of course, all these programs have limitations and restrictions you must meet to qualify, but its worth looking into.

As you can see, New York residents have many options to choose from to save money as a first time owner. You should visit these program's website by clicking here to determine your eligibility.

Federal Home Mortgage Grants

In addition, the federal government offers home buying grants for first time home buyers in New York. This program is maintained by the United States Department of Housing and Urban Development and is called the Homes and Communities program.

Their website contains useful information and applications. The website for the grant program maintained by the United States Department of Housing and Urban Development can be visited by using this link, HUD Grant Information.

programs for home buyingBeautiful Finger Lakes Area

Additional Home Buyer Grants

Another website I would recommend that you visit is the one for Government Grants. This website offers a list of all federal government grant programs. It would be a good idea to take some time and browse through this site to see what it offers and the qualifications for application.

You should also start a savings program. Many of these options take time and funds may run out, so while you are working through the process you can build a savings account. Then if you don't need what you have saved, you can use the monies for things you want to purchase for your new home.

If you need help estimating your mortgage closing costs, check out this FREE closing costs calculator by clicking here.

Perhaps a grant is not available in your state. Or you do not qualify for one. Don't get discouraged. If you still want to save money, check out this page that discusses the zero down payment program.

Otherwise, you may want to look at programs that have low down payment requirements

Would you like to know what type of loans are available? Visit our Home Mortgage Information page for tons of information on all kinds of loans. Learn about FHA, VA, and various other types of options.

Would you like some help? Perhaps a personal coach to guide you through the process is what you're looking for. For free coaching, fill out the questionnaire here. Then you will be contacted and offered the assistance you seek.

New York First Time Home Buyer Grants Support

Thank you for visiting our website for first time home buyers. Below you'll find more information to help you with grants for housing.

Click here for additional information on New York First Time Home Buyer Grants. This link will take you to the HUD website and you will see a map of the USA. Click on your state and then you'll find a list of the local counseling agencies in your own area.

Please tell others about this FREE information. Everybody else on the web charges for this kind of stuff!!

Happy House Hunting!!


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