New York State · Forgivable loan

SONYMA DPAL

$15,000

Up to $15,000 (3% of price). 0% interest, no monthly payments, fully forgiven after 10 years.

SONYMA DPAL provides up to $15,000 in DPA as a 0% interest loan, forgiven after 10 years. Available statewide to first-time buyers, DPAL works on 1-4 unit properties — making it valuable for New York house-hackers purchasing duplexes or multi-family homes.

Amount$15,000

TypeForgivable loan

Available inNew York

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleYes — 1-4 units

House-hack eligible

Works on 1-4 family homes. Buy a duplex with SONYMA + DPAL, live in one unit, rent the other.

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 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

SONYMA Low Interest Rate Below-market 30-year fixed rate

New York State · Subsidized loan

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