Financing / SONYMA Programs
New York first-time buyers

SONYMA Programs

The State of New York Mortgage Agency offers first-time buyer loans and down payment assistance.

SONYMA (the State of New York Mortgage Agency) works through approved local lenders to offer mortgages and down payment help, mainly for first-time buyers. Veterans may qualify even if they've owned before.

Good Fit If

  • You haven't owned a home in the past three years (with some exceptions).
  • You're within the program's income and purchase price limits.

Know This

  • Down payment assistance can often be combined with a SONYMA mortgage.
  • You'll usually need to complete a homebuyer education course.
  • You must use a SONYMA-participating lender.
General information only — not a loan offer or financial advice. Program terms, limits, and rates change; confirm current details with a licensed lender.