Explore SONYMA
Homebuyer Programs
New York homebuyer assistance programs offering down payment help and reduced-rate mortgage options for eligible buyers.
- Down Payment Assistance Loan — up to $15,000, 0% interest
- Renewable Second Lien — 5% of purchase price, 0% interest
- Reduced interest rate for eligible veterans (Homes for Veterans)
100%
Free Review
No
Obligation
Fast
Response
Programs subject to SONYMA eligibility, income limits, purchase-price limits, credit approval and program availability.
Check Your SONYMA Eligibility
Answer a few quick questions and Eric will review your options.
SONYMA Programs for New York Buyers
The State of New York Mortgage Agency offers multiple programs to make homeownership more accessible. Here's what may be available to you.
Homes for Veterans Program
- Interest rate discount below standard SONYMA rates
- No first-time buyer requirement for eligible Veterans
- Low down payment options available
- Reduced cash contribution requirements
- Down payment assistance may still apply
Down Payment Assistance Loan (DPAL)
- Up to $15,000 in down payment assistance
- 0% interest rate — no interest charges
- Forgivable after 10 years
- No monthly payments required
- Available while funding lasts
Renewable Second Lien (RSL)
- 5% of purchase price toward down payment
- 0% interest rate
- No monthly payments
- Must be paired with SONYMA first mortgage
- Repaid upon refinance, sale, or maturity
Programs May Be Combined
Some SONYMA programs may be combined depending on eligibility and loan structure. Speak with John to understand how these programs may work together for your specific situation.
See How SONYMA Programs Can Help
Simple examples showing how different SONYMA programs may reduce upfront costs and improve affordability.
Programs May Be Combined
Some SONYMA programs may be combined depending on eligibility and loan structure. Speak with John to understand how these programs may work together for your situation.
Examples are for educational purposes only. Eligibility, assistance amounts, interest rates, and funding availability may vary. Not all borrowers qualify.
How It Works
Four simple steps to find out which SONYMA programs may work for you.
Submit Your Info
Fill out the short form and tell John a bit about your homebuying goals and timeline.
Program Review
John reviews your eligibility for available SONYMA programs and identifies your best options.
Your Options Explained
John walks you through the programs that may apply — clearly, with no pressure.
Move Forward Your Way
When you're ready, John guides you through the next steps at your own pace.
Work With Eric Estevez
Licensed NY Mortgage Professional
Eric is licensed in New York and familiar with all available SONYMA programs.
Personalized Guidance
Your specific goals and financial picture get a real review — no cookie-cutter advice.
Local Market Knowledge
Eric knows New York markets and the programs available to buyers in different areas.
Support Start to Close
From your first question through the day you get your keys, Eric is with you.
Common Questions
Still have questions? Eric is happy to help.
Find Out Which SONYMA Programs May Work For You
Submit your info and Eric will reach out to walk you through your eligibility for SONYMA's homebuyer assistance programs — no pressure, no obligation.
- Free eligibility review
- No obligation to proceed
- Programs explained clearly
- Fast, personal response from Eric
Program guidelines, funding availability, and eligibility requirements are subject to change. Not all borrowers will qualify.