SONYMA Achieving the Dream Program

State of New York Mortgage Agency

Open Home Repair

About This Program

SONYMA offers the lowest interest rate 30-year fixed mortgage with only 3% down (1% from buyer). DPAL PLUS provides forgivable loans up to $30,000 for down payment and closing costs. Available to first-time buyers and eligible veterans.

DPAL PLUS forgivable loan up to $30,000 for down payment assistance

Key Details

  • Lowest SONYMA interest rate on 30-year fixed mortgage
  • Only 3% down payment required (1% from buyer)
  • DPAL PLUS: up to $30,000 forgivable loan for down payment
  • Must be first-time buyer or eligible veteran
  • Homebuyer education course required

How to Apply

Visit Official Program Page Track this program

800-382-4663

Deadline: Ongoing

Need a Contractor for This Grant?

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

Find Contractors in New York City, NY Are You a Contractor? Get Listed

Find More Programs in New York City, NY

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

See All Programs