State of New York Mortgage Agency
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a) Low Interest Rate Mortgage Program - One of the primary housing loan programs of SONYMA that is specially geared towards the eligible first time homebuyers of New York. The notable features of this program are its incredibly low interest rates, an option to avail of a low downpayment mortgage financing program, a fixed interest rate, and a mortgage plan that is payable for up to 30 years.

b) Achieving the Dream Program - This program provides eligible low-income first time home-buyers with a low downpayment mortgage financing program if they wish to acquire one or two family dwellings.

c) Construction Incentive Program - This program was developed in an effort to stimulate the construction of one to two family homes. The program can provide qualified first time home-buyers with up to 97% of financing for the construction of their chosen properties.

d) Remodel New York Program - This program is specifically created to assist first time home-buyers in the process of purchasing and repairing homes and properties that are in dire need of renovation.

e) Homes for Veterans Program - This program is tailored to assist U.S. military veterans and active duty U.S. military personnel in the process of purchasing a new home or transferring to another property.

f) Down Payment Assistance Loan - This program can be used in conjunction with another SONYMA home-buying loan program as it only offers eligible first time home-buyers with funds that are only sufficient for covering the downpayment and closing costs of purchasing a home.

State of New York Mortgage Agency
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About The Author Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. He also maintains Websites providing resources on environmental grants and grants for youth programs.

Additional Resources

category - Home Buying Programs

First Time Homebuyer Programs in Virginia
In 1972, the Commonwealth of Virginia has constituted the establishment of the Virginia Housing Development Authority in an effort to respond to the needs of Virginians who seek quality, affordable housing.

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Keystone Home Loan Program For First Time Homebuyers in Pennsylvania
The Pennsylvania Housing Finance Agency has been administering the Keystone Home Loan Programs For First Time Homebuyers within the State of Pennsylvania.

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First Time Homebuyer Programs in District of Columbia
The Department of Housing and Community Development, more commonly referred to as DHCD, is a local government agency in the District of Columbia that is primarily responsible for increasing quality housing and community development opportunities.

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First Time Homebuyer Programs in Georgia
The state of Georgia offers a variety of programs to assist first time home buyers. The programs are offered primarily through the Georgia Department of Community Affairs.

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