If you are looking for different Grant Programs in New York, see below for which one best fits you.
Down Payment Assistance– A low-interest rate loan for down payment and closing cost assistance is available for first-time home buyers to avoid Private Mortgage Insurance (PMI) whose income is no greater than 120% of the area median income (AMI) based on family size.
Down Payment Acquisition and Rehabilitation (DPA-Rehab)– Loan options for down payment and post-closing home repairs are available for first-time homebuyers who need to acquire and improve the quality of affordable homes on Long Island.
Voucher Homeownership Second Mortgages– Loans are available for Housing Choice Voucher recipients who want to transition from renting to owning a home. The financing option is the difference between the purchase price of the home and the first mortgage amount, less the down payment.
New York State Affordable Housing Program – A deferred loan for the down payment and post-closing home repairs is available for first-time homebuyers. The goal of this program is to improve the quality of decent, affordable housing for Long Island homebuyers.
If you would like to know more about how these Grant Programs in New York can help you get into your dream home today, click here for more information. Follow me on Facebook!
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