Achieving the Dream Program for First Time Home Buyers in New York
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The properties that are eligible to be bought under the Achieving the Dream Program are the following:

1) Must be located in the State of New York

2) Must have a sale price or appraised value that does not go beyond SONYMA's Purchase Price/Appraised Value limits

3) Must not be utilized for business or commercial purposes

4) Must be an existing one family home, or an existing two family home that is at least five years old

5) Must be a maximum of 5 acres only

6) Must have at least 500 square meters of living space

In order to be considered eligible to submit an application under the Achieving the Dream Program, a borrower must be:

1) Must be a first time home buyer as defined by the rules and regulations of SONYMA

2) Must have a stable job, a good credit history, enough income to cover mortgages and other payment obligations, sufficient assets and savings that would cover down payment and closing costs

3) Must be able to meet SONYMA's Household Income Limit requirements

4) Must be able to permanently occupy the SONYMA-financed home as their primary residence.

To read more about the Achieving the Dream Program for First Time Home Buyers in New York, you can visit http://www.nyhomes.org/Home/Buyers/SONYMA/AchievingtheDreamProgram.htm.

Achieving the Dream Program for First Time Home Buyers in New York
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on community grants and health grants.

Additional Resources

category - Home Buying Programs

State of New York Mortgage Agency
The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.

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Keystone Home Loan PLUS Program
The Pennsylvania Housing Finance Agency, otherwise termed as PHFA, is an independent agency established in year 1972 in an attempt to assist the provision of reasonable and affordable housing opportunities the elderly, persons and families of modest means, and people suffering from disabilities.

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First Time Homebuyer Programs in New Hampshire
The State of New Hampshire gives great importance to the welfare and safety of its people. One of the ways of showing this is through the establishment of the New Hampshire Housing Finance Authority, which is specially designed to assist low to moderate income residents of New Hampshire in the process of procuring safe and affordable housing opportunities.

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Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

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