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Directory of NYC Housing Programs

State Homebuying and Rehabilitation Financing Programs

The State of New York Mortgage Agency (SONYMA) partners with approved participating mortgage lenders across the state to offer 30-year, competitive, fixed-rate mortgages with special features and downpayment assistance to help low- and moderate-income New Yorkers become homeowners. The following list includes various SONYMA financing programs that promote homeownership and fund rehabilitation while serving low-income, first-time homebuyers, and veterans.

Achieving the Dream
Conventional Plus Program
Down Payment Assistance Loan (DPAL)
Homes For Veterans Program
FHA Plus
Remodel New York (RemodelNY)

Program Information Help Icon

  • Alternative Name(s): SONYMA Homebuying and Rehabilitation Financing
  • Supply/Demand: Demand
  • Category: Land and Financing
  • Scale: Small Scale (between 1 and 999 units)
  • Occupancy tenure: Homeownership
  • Construction Type: Rehabilitation
  • Building Type: One- to Four-family
  • Developers/Owners: Owner-occupant
  • Income Restrictions: Restrictions Vary
  • Special Populations: Veterans, First-time Homebuyers

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