SONYMA Low Interest Rate Mortgage

State of New York Mortgage Agency (SONYMA)

Available Home Repair

About This Program

SONYMA offers first-time buyers below-market 30-year fixed rate mortgages through participating lenders. Achieving the Dream: lowest rates for LMI buyers. Down Payment Assistance Loan (DPAL): 0% second mortgage for down payment and closing costs. Income limits apply by region. Step toward homeownership in Buffalo’s affordable market.

First-time buyer, income limits vary by region

Key Details

  • Achieving the Dream: lowest rates for LMI first-time buyers
  • Down Payment Assistance Loan (DPAL): 0% second mortgage
  • 30-year fixed rate through participating lenders
  • Income and purchase price limits apply by area
  • Call 1-800-382-4663 for participating lender referral

How to Apply

Visit Official Program Page Track this program

1-800-382-4663

Deadline: Year-round through participating lenders

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