New York State · Forgivable loan

SONYMA DPAL Plus

$30,000

Up to $30,000 for low-income buyers (≤60% AMI). 0% interest, forgiven after 10 years.

SONYMA DPAL Plus provides up to $30,000 for buyers earning at or below 60% of area median income. The enhanced amount targets lower-income buyers who need more assistance. Like standard DPAL, the loan is fully forgiven after 10 years of owner-occupancy.

Amount$30,000
TypeForgivable loan
Available inNew York
First-time buyer requiredYes
Minimum credit score620
Multi-unit eligibleYes — 1-4 units
Funding statusReservations may be closed — check SONYMA for current availability.

House-hack eligible

This program can be used on 1-4 unit properties. Live in one unit, rent the others.

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 Achieving the Dream Below-market rate + 1% minimum out of pocket
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SONYMA Low Interest Rate Below-market 30-year fixed rate
New York State · Subsidized loan
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