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SONYMA has two primary home loan programs, Achieving the Dream and low interest.

SONYMA has two primary home loan programs, Achieving the Dream and low interest.


Both programs are outlined with this web web web page and tend to be built to assist you in finding the true house you’ve constantly wanted at a repayment you really can afford.

SONYMA provides optional advance payment advice about all home loan programs and all sorts of programs may be coupled with other funds and subsidies.

Reaching the fantasy

Our cheapest interest system, Achieving the Dream was created to optimize the total amount it is possible to pay for with just minimal advance payment needed.

Attaining the Dream Features and Benefits

  • 30-year rate mortgage that is fixed
  • No points
  • Deposit requirement as little as 3% (and 3% advance payment support available)
  • Minimal money share of just one% (3% for co-ops)
  • Designed for 1-4 household houses, cooperatives and condominiums
  • No prepayment charges
  • 120-day rate of interest hair for current housing
  • 240-day interest hair for properties under construction or rehabilitation, cooperatives or sales that are distressed
  • Could be coupled with other SONYMA unique features
  • Other grants and subsidies may be incorporated with no restriction

Rates Of Interest

Available Loan Options and Improvements

Reaching the Dream additionally works together with other programs that are SONYMA help people who need help with down re re payments, home repairs, and renovating.

Find out more about deposit help in reducing your upfront expenses.

Find out about simple tips to pay money for the remodeling or fixing your home purchasing that is you’re.

Discover how investing in a vacant house in certain specific areas could qualify you for extra funds for repairs and renovating.


Individual Needs
  • You really must be a buyer that is 1800 loan mart first-time you might be a qualified armed forces veteran or buying a property in a Target Area)
  • You’ll need credit that is good stable work, together with capability to make home loan repayments while nevertheless fulfilling previous debt burden
  • You have to occupy the house as the main residence
  • You will require either 1 or 3percent regarding the cost (according to which kind of home you’re purchasing) in verifiable money, cost savings or any other assets
  • Regional income restrictions use and vary by county
Home Demands
  • The home should be based in New York State
  • Product Sales price and appraised value cannot go beyond SONYMA’s limitations particular for this scheduled system, which differ by area
  • Agricultural utilize not permitted. (mehr …)