Many first-time home buyers have difficulty scraping together that often elusive down payment, but the State of New York Mortgage Agency (SONYMA) offers several programs that can help make home ownership a more attainable dream.
If you qualify â or want to buy a home in specific areas of the state â SONYMA can ease your financial burden with competitive fixed interest rates, low down payment requirements, and down payment assistance. With some of their programs, up to 97% of a propertyâs value may be financed â and your down payment can be a much more manageable 1% of the homeâs value. And, depending on your situation, there are several programs to choose from: SONYMA programs are available for most first-time home buyers, with special deals for veterans, recent college graduates, buyers of âfixer-uppers,â and lower-income buyers. There are also incentives for first-time purchasers of newly constructed, energy efficient homes.
To learn more, please call 1-800-382-HOME (4663) â or, better yet, please call us! Halter agents (845-679-2010) have lots of experience with SONYMA programs and with home financing options in general.
And, with our comprehensive knowledge of homes in the Ulster County and Mid-Hudson Valley area (see www.halterassociatesrealty.com for current listings), weâd be happy to discuss how much home you can reasonably afford. Itâs never too early to start planning for your future â so please let us know how we can help!
Lisa Halter
Principal Broker/Owner
Halter Associates Realty
lisa@halterassociatesrealty.com
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