New York State · Subsidized loan

SONYMA Graduate to Homeownership

Special rates for recent graduates

For NY graduates within 48 months of earning a degree. Special rates and terms.

SONYMA's Graduate to Homeownership program provides enhanced DPA for recent college graduates purchasing in designated smart-growth communities. The program encourages young professionals to put down roots in New York communities investing in walkable, transit-oriented development.

AmountSpecial rates for recent graduates

TypeSubsidized loan

Available inNew York

First-time buyer requiredYes

Minimum credit score620

Multi-unit eligibleYes — 1-4 units

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

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VA Loan $0 down + no monthly mortgage insurance

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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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