New York State Affordable Housing Corporation Homebuyer Program

NYS Homes and Community Renewal

Available Down Payment

About This Program

Provides below-market interest rate mortgages to qualified homebuyers purchasing in New York State. Includes optional down payment assistance. Must be first-time homebuyer or purchasing in targeted area. Income limits apply.

Low-interest mortgage reduces monthly payments; typical savings $100-300/month

Key Details

  • Below-market interest rate mortgage
  • Optional down payment assistance available
  • First-time buyers or targeted areas
  • Income limits: up to $166,600 (Nassau/Suffolk)
  • Must complete homebuyer education

How to Apply

Get free help applying Visit Official Program Page Track this program

(518) 474-5700

A grant-savvy contractor in Babylon, NY can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

Deadline: Ongoing program, applications year-round

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Babylon, NY contractors

Find More Programs in Babylon, NY

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

See All Programs