New York State · Veteran benefit

SONYMA Homes for Veterans

Lowest SONYMA rates + DPA

Lower interest rates than standard SONYMA plus down payment assistance for veterans and active military.

New York offers enhanced DPA terms for veterans purchasing in the state. The program supplements federal VA loan benefits with state-level assistance for down payment and closing costs, helping New York's veteran population achieve homeownership in a high-cost state.

AmountLowest SONYMA rates + DPA

TypeVeteran benefit

Available inNew York

First-time buyer requiredNo

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

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

All New York programs →

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