SONYMA Low Interest Rate Mortgage

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

Deadline: Year-round through participating lenders