New York · Grant

Federal Home Loan Bank Homebuyer Dream

$9,500

Up to $9,500 grant toward down payment and closing costs through participating NY lenders.

The Federal Home Loan Bank of New York provides DPA through participating lenders statewide. FHLB grants can be combined with state programs for stacked benefits. The program leverages the federal banking system to deliver homeownership assistance at the community level.

Amount$9,500

TypeGrant

Available inNew York

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleSingle-family only

Programs that pair with this

FHA Loan Saves ~$33,000 on a $200K home vs 20% down

Federal · Subsidized loan

VA Loan $0 down + no monthly mortgage insurance

Federal · Federal benefit

NACA Program $0 down + $0 closing + $0 PMI + below-market rate

National · Nonprofit program

SONYMA DPAL $15,000

New York State · Forgivable loan

SONYMA DPAL Plus $30,000

New York State · Forgivable loan

SONYMA Achieving the Dream Below-market rate + 1% minimum out of pocket

New York State · Subsidized loan

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