Need Help Buying Your First Home? New York Wants To Help!Posted by Lisa Halter on
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…
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