New York Down Payment Assistance Links

State of New York Mortgage Agency (SONYMA) – Down Payment Assistance Loan (DPAL)

  • 0% interest, no monthly payments, forgiven after 10 years.

  • Minimum loan amount $1,000; maximum loan is the higher of $3,000 or 3% of purchase price (up to $15,000) when using a SONYMA mortgage.

  • Good for homebuyers across New York using SONYMA mortgage programs.

Buffalo Urban League

  • While not all is pure “grant” DPA, agencies like this provide first-time homebuyer education + guidance about local DPA options.

HomeFirst Down Payment Assistance Program (NYC – five boroughs)

  • Qualified first-time homebuyers in NYC can receive up to $100,000 toward down payment/closing costs.

  • Must purchase a 1-4 unit home, condo or coop in one of the five boroughs, meet income eligibility (up to ~120% of AMI depending on household size).