New York State HomeFirst Down Payment Assistance

NYS Homes and Community Renewal

Available Down Payment

About This Program

Provides down payment and closing cost assistance to first-time homebuyers in New York purchasing homes in targeted areas. Delivered as a forgivable second mortgage that is forgiven after 10 years of owner-occupancy. Must be used with approved lender.

Forgivable loan amount varies by area and purchase price; forgiven after 10 years of occupancy

Key Details

  • Up to $15,000 for down payment and closing costs
  • First-time homebuyers only
  • Income limits apply (varies by county)
  • Forgivable after 10 years of occupancy
  • Must use approved participating lender

How to Apply

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

Deadline: Ongoing while funds available

Need a Contractor for This Grant?

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

Find More Programs in Ramapo, NY

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