New York offers 49 down payment assistance programs to help homebuyers cover their down payment and closing costs. This includes 16 grant programs that never require repayment. Programs range from statewide options administered by the state housing finance agency to local city and county programs targeting specific communities.
Maximum assistance available reaches $494,000 through the most generous program. Most programs require the home to be your primary residence, and many require homebuyer education.
Top Down Payment Assistance Programs in New York
Highlighted programs that combine high assistance amounts with statewide or major-metro availability. See the full list below.
City of New Rochelle Down Payment Assistance Program
verifyCity of New Rochelle / Westchester Residential Opportunities (WRO)
19% of home purchase price (for homes UP TO (max 19% of home purchase price (for homes UP TO $494,000))
CDCLI NYS Affordable Housing Corporation (AHC) Program
verifyCommunity Development Corporation of Long Island (CDCLI) via NYS Affordable Housing Corporation
UP TO $25,000, $32,500, or $40,000 based on family size, income, and repairs needed; maximum purchase price $470,000
Affordable Housing Partnership (AHP) Capital Region Down Payment Assistance
verifyAffordable Housing Partnership (AHP) Homeownership Center
UP TO $14,900 for down payment and closing costs based on need; Homebuyer Dream Program grants available with income UP TO $94,240 (1-2 person) or $106,812 (3+ person)
NYC HomeFirst Down Payment Assistance Program
openNYC Department of Housing Preservation & Development (HPD)
UP TO $100,000
CDCLI Down Payment Assistance Loan (Long Island)
verifyCommunity Development Corporation of Long Island (CDCLI)
UP TO $75,000
Grant Programs (16)
Grants are the gold standard of down payment assistance. You receive the money and never have to pay it back.
FHLBNY Homebuyer Dream Program (HDP) Suite
Federal Home Loan Bank of New York (FHLBNY)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
HDP Core: at or below 80% AMI. HDP Plus: above 80% but not exceeding 120% AMI (NY/NJ) or 150% AMI (PR/USVI).
Check AMI limits for your county →Repayment Terms
Grant - no repayment required
Additional Requirements
Must obtain mortgage through approved FHLBNY participating member lender. Minimum $1,000 contribution from own funds. Completed homeownership counseling course required. First-come, first-served (funds may exhaust before year-end). HDP Wealth Builder variant available for historically underserved populations
Notes
No ownership in a principal residence during 3-year period ending on purchase date. Occupancy requirement: Must be owner-occupied principal residence
TRIP HomeOwnership Center - City of Troy DPA
Troy Rehabilitation and Improvement Program (TRIP)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
Grant with 10-year enforcement period. No repayment if conditions met for 10 years.
Additional Requirements
Minimum $1,500 in savings untouched for 3 consecutive months at time of application. Must attend TRIP Homebuyer Orientation. Cannot have purchase contract on a home at time of application. HUD-certified housing counseling agency
Notes
Must be first-time homebuyer. Occupancy requirement: Owner-occupied; must sign 10-year grant enforcement agreement
TRIP - Rensselaer County Homebuyer Program (RCHP)
Rensselaer County Housing Resources (RCHR) via TRIP
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Grant with 10-year enforcement period. No repayment if conditions met for 10 years.
Additional Requirements
Same requirements as Troy program. Must attend TRIP Homebuyer Orientation
Notes
Must be first-time homebuyer. Occupancy requirement: Owner-occupied; 10-year grant enforcement agreement
SONYMA Neighborhood Revitalization Program
State of New York Mortgage Agency (SONYMA) / NYS Homes and Community Renewal (HCR)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 150% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Up to 150% of HUD Area Median Income (higher than standard SONYMA)
Check AMI limits for your county →Repayment Terms
DPAL portion forgiven after 10 years; renovation grant forgiven upon completion of required improvements.
Additional Requirements
Property must be vacant at time of purchase. Renovation plan required. Can be combined with DPAL, RSL, and local DPA programs.
Notes
Must be first-time homebuyer (standard SONYMA definition unless veteran or Target Area)
INHS Down Payment Assistance Program
Ithaca Neighborhood Housing Services (INHS)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Low-moderate income
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Moderate income; determined by household income and funder requirements (varies monthly)
Check AMI limits for your county →Repayment Terms
Terms vary based on funding source; contact agency for current terms.
Additional Requirements
Also operates a Community Housing Trust program for modest-income first-time buyers. All programs subject to funding availability.
Notes
Designed for first-time homebuyers with moderate incomes
First Time Homebuyer
Town of Hamburg, NY
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family
- Max Price
- $298,950
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Down Payment Assistance
Confederated Tribes of Grand Ronde - Housing
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Affordable Housing Partnership (AHP) Reparative Housing Justice Fund
Affordable Housing Partnership (AHP) Homeownership Center
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Less than $40,000 in liquid assets requi...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Less than $40,000 in liquid assets required; income-eligible per program guidelines
Check AMI limits for your county →Repayment Terms
Grant; no repayment required
Additional Requirements
Racially targeted program for Black first-time homebuyers in Capital Region cities. Can be combined with SONYMA DPAL and other programs.
Notes
Must be first-time homebuyer. Must identify as Black/African American.
Reparative Housing Justice Fund (RHJF)
Affordable Homes Partnership
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
First-Time Homebuyer Assistance
City of Buffalo
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units
- Max Price
- $286,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
City of Rochester Home Purchase Assistance Program (HPAP)
City of Rochester, Department of Neighborhood and Business Development
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Below 120% of HUD median family income
- Min Credit Score
- Not specified
- Property Types
- multi-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Grant - no repayment required
Additional Requirements
Must attend pre- and post-purchase homebuyer training. Operating Rental Property training required if purchasing multi-family. Can be layered with SONYMA and Homebuyer Dream Program
Notes
Must be first-time homebuyer. Occupancy requirement: Owner-occupied
Westchester Residential Opportunities (WRO) First Home Club
Westchester Residential Opportunities (WRO) / Federal Home Loan Bank participating banks
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- First-time homebuyer income eligibility ...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
First-time homebuyer income eligibility per sponsoring bank requirements
Check AMI limits for your county →Repayment Terms
Grant; no repayment required
Additional Requirements
Can be combined with other DPA programs. Matched savings account through participating bank.
Notes
Must be first-time homebuyer
Homsite Mortgage Assistance Program (MAP) - Auburn
Homsite Community Development Corporation
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Specified income limits for grant; those...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Specified income limits for grant; those above limits may qualify for low-interest loan
Check AMI limits for your county →Repayment Terms
Grant: no repayment. Loan: low-interest repayable loan.
Additional Requirements
Grant option for income-qualifying buyers; low-interest loan alternative for those above income limits.
Notes
Must be first-time homebuyer
Cortland Housing Assistance Council First-Time Homebuyer Program
Cortland Housing Assistance Council (CHAC) / Empire Development Corporation via NYS Affordable Housing Corporation
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Must meet income guidelines; first-time ...
- Min Credit Score
- Not specified
- Property Types
- single-family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- grant
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Must meet income guidelines; first-time buyer restriction applies
Check AMI limits for your county →Repayment Terms
Terms determined by program funding source.
Additional Requirements
Also note: INHS serves Cortland County with up to $20,000 DPA and may be a stronger option.
Notes
Must be first-time homebuyer
HOME First Time Home Buyer Grant Program
Atlantic City Housing Authority
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $252,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Madison County Down Payment Assistance + Rehabilitation Grant
Homeownership Center, Inc.
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- grant
- Profession
- All
- Homebuyer Ed.
- Yes
Forgivable Loans (17)
Forgivable loans are forgiven after a set period of living in the home. If you stay, you keep the money.
City of New Rochelle Down Payment Assistance Program
City of New Rochelle / Westchester Residential Opportunities (WRO)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- HUD HOME program income guidelines; docu...
- Min Credit Score
- Not specified
- Property Types
- single-family, condo
- Max Price
- $494,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
HUD HOME program income guidelines; documented minimum annual household income of at least $40,000
Check AMI limits for your county →Repayment Terms
Zero-interest forgivable loan; fully forgiven after 5 years of occupancy as primary residence.
Additional Requirements
Apply through Westchester Residential Opportunities (WRO). Funded by HUD HOME program and City Affordable Housing Fund. English and Spanish orientations offered.
Notes
Must be first-time homebuyer (or not owned in prior 3 years). Must be current New Rochelle resident.
CDCLI NYS Affordable Housing Corporation (AHC) Program
Community Development Corporation of Long Island (CDCLI) via NYS Affordable Housing Corporation
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 120% AMI
- Min Credit Score
- Not specified
- Property Types
- single-family, condo
- Max Price
- $470,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Household gross income below 120% of AMI based on family size
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
0% interest deferred loan; forgiven after 10 years of owner-occupancy. Recaptured on refinance or sale before 10 years.
Additional Requirements
0% interest. Must remain in home for 10 years; any refinance or title transfer triggers recapture. Funded while available; may end at any time.
Notes
Must be first-time homebuyer
Affordable Housing Partnership (AHP) Capital Region Down Payment Assistance
Affordable Housing Partnership (AHP) Homeownership Center
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Income limits vary by program: HDP incom...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Income limits vary by program: HDP income up to $94,240 for 1-2 persons / $106,812 for 3+ persons in Albany/Rensselaer/Saratoga/Schenectady counties
Check AMI limits for your county →Repayment Terms
Varies by funding source: HDP grants forgiven after 5 years occupancy; other funds may have different terms.
Additional Requirements
Also offers AHP City of Albany Matched Savings Program for additional assistance. Serves 1,000+ households annually.
Notes
Must be first-time homebuyer (or not owned primary residence in past 3 years)
NYC HomeFirst Down Payment Assistance Program
NYC Department of Housing Preservation & Development (HPD)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 120% AMI
- Min Credit Score
- Not specified
- Property Types
- condo
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Up to 120% AMI. Examples: 1-person $136,080; 2-person $155,520; 3-person $174,960; 4-person $194,400
Check AMI limits for your county →Repayment Terms
Forgivable loan. Forgiven after 10 years (loans <= $40,000) or 15 years (loans > $40,000).
Additional Requirements
Complete homebuyer education from HPD-approved counseling agency. Work with HPD-approved Housing Counseling Agency for application. Must have own savings; minimum 3% of purchase price from own funds
Notes
Must be a first-time homebuyer. Occupancy requirement: 10 years if loan <= $40,000; 15 years if loan > $40,000
Community Housing Innovations (CHI) First-Time Homebuyer Grant
Community Housing Innovations, Inc. (CHI)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Below NY State maximum income levels; ch...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Below NY State maximum income levels; check communityhousing.org for current limits
Check AMI limits for your county →Repayment Terms
Forgivable silent second lien; forgiveness at rate of 20% per year over 5 years. Fully forgiven at end of year 5.
Additional Requirements
At least 40% of grant proceeds must be used for property rehabilitation. Lien forgiven at 20%/year over 5 years. Funded by NYS Affordable Housing Corporation.
Notes
Must be first-time homebuyer per official definition. Must qualify for mortgage from CHI participating lender.
Long Island Housing Partnership (LIHP) - Nassau County DPA
Long Island Housing Partnership (LIHP)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- single-family, condo, townhome, manufactured
- Max Price
- $594,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Zero-interest deferred loan, forgiven after 15 years.
Additional Requirements
Minimum 3% of purchase price from own funds (not gift money). Must complete pre-purchase mortgage counseling with LIHP. First-come, first-served
Notes
Must be first-time homebuyer. Occupancy requirement: Must occupy as principal residence for affordability period. Max DTI: 45%
Long Island Housing Partnership (LIHP) - Suffolk County HOME DPA
Long Island Housing Partnership (LIHP)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- single-family, condo, townhome, manufactured
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Zero-interest deferred loan, forgiven after 10 years.
Additional Requirements
Minimum 3% of purchase price from own funds. Must complete pre-purchase mortgage counseling with LIHP
Notes
Must be first-time homebuyer. Occupancy requirement: Must occupy as principal residence for affordability period. Max DTI: 45%
East Buffalo Down Payment Assistance Plus (DPAL+) Program
NYS Homes and Community Renewal (HCR)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Must meet SONYMA income limits
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Was forgivable loan with 10-year occupancy requirement.
Additional Requirements
FUNDING EXHAUSTED January 30, 2025. Eligible buyers redirected to standard DPAL program.
Notes
Required
Westchester County Home Ownership Initiative
Westchester County Department of Planning / Community Housing Innovations (CHI)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
At or below 80% of Area Median Income (AMI) based on household size
Check AMI limits for your county →Repayment Terms
Deferred forgivable loan; recaptured if owner moves out, sells, or violates mortgage terms before occupancy period ends.
Additional Requirements
At least $1,000 of grant must be used for repairs. Property must meet HUD Housing Quality Standards.
Notes
Must be first-time homebuyer
Westchester County Hudson Valley Home Ownership and Revitalization Program
Westchester County / NYS Affordable Housing Corporation
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
At or below 80% of Area Median Income (AMI) for the purchase area
Check AMI limits for your county →Repayment Terms
Forgivable loan; recaptured pro-rata if recipient does not occupy property for 10 years.
Additional Requirements
Property must require and receive renovation. Forgivable over 10-year occupancy period.
Notes
Must be first-time homebuyer
SONYMA Down Payment Assistance Loan (DPAL)
State of New York Mortgage Agency (SONYMA) / NYS Homes and Community Renewal
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Must meet SONYMA program income limits (...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- $15,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- veterans
- Homebuyer Ed.
- Not specified
Income Limits
Must meet SONYMA program income limits (varies by program and county)
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
0% interest, no monthly payments, forgiven after 10 years. If sold or refinanced within 10 years, pro-rated portion must be repaid.
Additional Requirements
Must be used with a SONYMA mortgage. Min cash contribution 1% of property value (3% for co-ops and 3-4 family). Not all SONYMA lenders offer DPALs. Interest rate on first mortgage is 0.40% higher with DPAL attached (except Graduate to Homeownership, Homes for Veterans, or ENERGY STAR programs)
Notes
Available to all buyers using a SONYMA mortgage program, not restricted to first-time buyers. Occupancy requirement: Must reside in property; repayment decreases by 1/120 per month of occupancy
City of Albany Home Acquisition Program (HAP)
Albany Community Development Agency
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- condo, 1-4 unit
- Max Price
- $10,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +4
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Repayment Terms
Pro-rated deferred loan with 5-year affordability period. Forgiven after 5 years of compliance.
Additional Requirements
Assets cannot exceed $40,000 (includes savings, checking, CDs, IRA, 401K, stocks, bonds). Housing counseling required. Funded through HOME Investment Partnership Act
Notes
Must be first-time homebuyer; cannot currently own any housing unit anywhere. Occupancy requirement: Must reside in property for the life of the HAP mortgage
Town of Colonie First-Time Homebuyer Program
Town of Colonie Community Development Department
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 80% AMI
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Income Limits
Below 80% of Area Median Income (AMI); must be able to qualify for and repay a mortgage
Check AMI limits for your county →Repayment Terms
Deferred loan that becomes a grant after 10 years of owner-occupancy. Must be repaid if buyer does not remain owner-occupant for HUD-mandated period.
Additional Requirements
Participants responsible for all costs above the subsidy. Waiting list applies.
Notes
Must be first-time homebuyer
City of Buffalo Down Payment & Closing Cost Assistance
Buffalo Urban Renewal Agency (BURA)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Income limits apply
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Forgivable loan (often over 5 to 10 years)
Notes
First-time homebuyers. Occupancy requirement: Primary residence
City of Schenectady First-Time Home Buyer Program
Better Community Neighborhoods, Inc. (BCNI) as Local Program Administrator for City of Schenectady / NYS HCR
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Low-moderate income
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- $10,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
HUD low- to moderate-income guidelines by household size
Check AMI limits for your county →Interest Rate
4%
Repayment Terms
4% interest loan with 5-year term; 75% converts to grant after buyer resides in property for 5 years.
Additional Requirements
Loan terms: 4% interest, 5-year term. 75% of assistance converts to grant after 5 years of residency.
Notes
Must be first-time homebuyer; mortgage commitment from lender for at least 90% of purchase price required
UDCDA Buffalo First-Time Homebuyer Down Payment and Closing Cost Assistance
University District Community Development Association (UDCDA) via City of Buffalo / NYS HCR / BURA
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- HUD 2024-2025 household income guideline...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Not specified
Repayment Terms
Zero percent conditional loan/grant; terms based on program compliance.
Additional Requirements
Funded by City of Buffalo Owner Occupied Housing Assistance Programs through NYS HCR/AHC, City of Buffalo Mayor's Office, and BURA. Also offers 50/50 rehab program (up to $25,000 grant for rehab).
Notes
Must be first-time homebuyer
Albany County Rural Housing Alliance (ACRHA) Down Payment Assistance Grant
Albany County Rural Housing Alliance (ACRHA)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Must fall within HUD income limits based...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- forgivable loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Must fall within HUD income limits based on household size; rural Albany County households prioritized
Check AMI limits for your county →Repayment Terms
Forgivable grant with occupancy/compliance requirements. Terms set per case.
Additional Requirements
Application must be submitted before signing purchase contract. Contact acrhaadmin@acrha.org for pre-purchase packet.
Notes
Must be first-time homebuyer. Cannot have signed a purchase contract before contacting ACRHA.
Deferred Payment Loans (14)
Deferred loans require no monthly payments while you live in the home. You repay when you sell, refinance, or move out.
First Time Homebuyer Grant Program
Community Housing Innovations (CHI)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Forgivable - Fully forgiven at closing or forgiven on a schedule
First-Time Homebuyer Program
Town of Amherst
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $250,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Forgivable - Fully forgiven at closing or forgiven on a schedule
Brookhaven Home Down Payment Assistance Program
Town of Brookhaven
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium, Manufactured
- Max Price
- $551,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Down Payment & Closing Cost Plus (DPCC+)
Neighborhood Center of Poughkeepsie
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, 2 units, 3 units, 4 units, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
Match 1st Mortgage Rate
Repayment Terms
Deferred Payment - Repayable at sale or refinance
SONYMA Achieving the Dream Program
State of New York Mortgage Agency (SONYMA) / NYS Homes and Community Renewal (HCR)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Varies by county (e.g., Albany County 1-...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- $544,230
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Varies by county (e.g., Albany County 1-2 persons: $92,880 non-target / $111,450 target; 3+ persons: $106,810 non-target; Erie County 1-2 persons: $88,160). Check hcr.ny.gov/atd-income-and-purchase-price-limits for current limits.
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
DPAL portion: 0% interest, no monthly payments, forgiven after 10 years (pro-rated repayment if sold/refinanced within 10 years). DPAL PLUS/RSL: deferred, 0% interest, repayable on sale/refinance.
Additional Requirements
Lowest interest rates of all SONYMA programs. Can be combined with DPAL and RSL. Reimbursable recapture tax may apply.
Notes
Required unless veteran or purchasing in a Target Area. Must not have owned primary residence in past 3 years.
City of Troy’s Homebuyer Incentive Program (HIP)
TRIP Inc.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
SONYMA Graduate to Homeownership Program
State of New York Mortgage Agency (SONYMA) / NYS Homes and Community Renewal (HCR)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Must meet SONYMA income limits by county...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- No
Income Limits
Must meet SONYMA income limits by county. Degree requirement: Associate, Bachelor's, Master's, or Doctoral degree received within past 48 months from a U.S. Department of Education-recognized institution.
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
DPAL: 0% interest, no monthly payments, forgiven after 10 years occupancy (pro-rated repayment if sold/refinanced within 10 years).
Additional Requirements
No 0.40% rate increase when using DPAL (unlike other SONYMA programs). 240-day interest rate locks available for properties under construction.
Notes
Must be first-time homebuyer (no primary residence ownership in past 3 years)
SONYMA Homes for Veterans Program
State of New York Mortgage Agency (SONYMA) / NYS Homes and Community Renewal (HCR)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Must meet SONYMA program income limits b...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- $3,000
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- deferred loan
- Profession
- veterans
- Homebuyer Ed.
- Yes
Interest Rate
0%
Repayment Terms
DPAL: 0% interest, no monthly payments, forgiven after 10 years occupancy.
Additional Requirements
DD-214 or active duty orders required. Homebuyer education course required.
Notes
Not required to be first-time homebuyer; available to veterans and active-duty service members and their spouses
City of Rome Down Payment Assistance Program
Homeownership Center, Inc.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Townhouse/PUD, Condominium, 2 units
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, VA, USDA-RD
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Forgivable - Fully forgiven at closing or forgiven on a schedule
First-Time Homebuyer Program
City of Binghamton - Housing Division
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Forgivable - Fully forgiven at closing or forgiven on a schedule
Closing Cost Loan
The Enterprise Center at PathStone
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, USDA-RD
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
Same as First Mortgage
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Home HeadQuarters Closing Cost Assistance Program
Home HeadQuarters, Inc.
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Below 80% of HUD Median Income for defer...
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Below 80% of HUD Median Income for deferred loan; higher incomes eligible for low-interest loan option. City of Syracuse: purchase price cannot exceed $150,000.
Check AMI limits for your county →Repayment Terms
City of Syracuse deferred loan: no repayment if residency requirements met. Outside Syracuse: 5-year term at 3-6% simple interest.
Additional Requirements
Outside City of Syracuse: low-interest loan at 3% or 6% depending on income. Funds available first come, first served.
Notes
Must be first-time homebuyer
First-Time Home Ownership Program
City of Lockport - Dept of Community Development
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $314,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Interest Rate
None
Repayment Terms
Deferred Payment - Repayable at sale or refinance
First-Time Homebuyer Down Payment Assistance Program
City of New Rochelle - Department of Development
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- Not specified
- Min Credit Score
- Not specified
- Property Types
- Single-Family, Condominium, Townhouse/PUD
- Max Price
- $601,000
Quick Facts
- Loan Types
- Freddie Mac, Fannie Mae, FHA, VA, USDA-RD +1
- Assistance Type
- deferred loan
- Profession
- All
- Homebuyer Ed.
- Yes
Repayment Terms
Deferred Payment - Repayable at sale or refinance
Second Mortgages (2)
These programs provide DPA as a second mortgage, sometimes with monthly payments, sometimes deferred.
CDCLI Down Payment Assistance Loan (Long Island)
Community Development Corporation of Long Island (CDCLI)
Eligibility Snapshot
- First-Time Buyer
- Yes
- Income Limit
- 120% AMI
- Min Credit Score
- Not specified
- Property Types
- single-family, condo
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- all
- Homebuyer Ed.
- Yes
Income Limits
Gross income no greater than 120% of AMI based on family size
Check AMI limits for your county →Repayment Terms
Repayable second mortgage at fixed rate (3-3.5%); terms per loan agreement.
Additional Requirements
Fixed interest rates: 3%, 3.25%, or 3.5% based on loan size (subject to change). Not a grant - must be repaid.
Notes
First-time homebuyers; must have commitment for fixed-rate first mortgage through NYS-approved lender
SONYMA Repayable Second Lien (RSL) Program
State of New York Mortgage Agency (SONYMA) / NYS Homes and Community Renewal (HCR)
Eligibility Snapshot
- First-Time Buyer
- No
- Income Limit
- Low-moderate income
- Min Credit Score
- Not specified
- Property Types
- Not specified
- Max Price
- Not specified
Quick Facts
- Loan Types
- Not specified
- Assistance Type
- second mortgage
- Profession
- veterans
- Homebuyer Ed.
- Not specified
Income Limits
Must meet SONYMA program income limits (varies by county and program; low- to moderate-income households)
Check AMI limits for your county →Interest Rate
0%
Repayment Terms
0% interest, deferred payment. Becomes due only upon sale of property, payoff of first mortgage, or refinance. Not forgiven - full amount repayable at that time.
Additional Requirements
Cannot be used with the SONYMA DPAL simultaneously without lender confirmation. Interest rate on first mortgage is 0.40% higher (exception: Graduate to Homeownership, Homes for Veterans, ENERGY STAR programs).
Notes
Available to any buyer using a SONYMA first mortgage; not restricted to first-time buyers
How to Apply for Down Payment Assistance in New York
-
1
Check Your Eligibility
Use our free eligibility tool to see which programs match your situation. Enter your state, city, income, and target home price.
-
2
Contact the Program Administrator
Each program has its own application process. Visit the program website or call the administering agency to get started. Many programs work through approved lenders.
-
3
Get Pre-Approved with a Participating Lender
Not every lender participates in every DPA program. Work with a lender who is approved for the programs you want. The program administrator can provide a list of approved lenders.
-
4
Complete Homebuyer Education (If Required)
Many programs require a HUD-approved homebuyer education course. Online options through eHome America and Framework are accepted by most programs.
-
5
Close & Move In
DPA funds are typically disbursed at closing alongside your first mortgage. Your lender coordinates the DPA program paperwork as part of the loan process.
Frequently Asked Questions
How much down payment assistance can I get in New York?
Up to $494,000 through available programs in New York. Multiple programs can often be combined for even more assistance. The exact amount depends on your income, location, and the specific program requirements.
Do I need to be a first-time homebuyer?
Not always. 5 programs in New York are open to repeat buyers. "First-time buyer" is typically defined as not having owned a home in the past three years.
What credit score do I need?
Requirements vary by program. Most require a credit score of at least 620-660.
Can I combine multiple DPA programs?
In many cases, yes. Some programs are specifically designed to be layered with others. For example, you might combine a state grant with a local deferred loan. Check with each program administrator about stacking eligibility.
DPA Programs in Nearby States
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