New York • First-Time Homeowner programs

First-Time Homeowner grants in New York

Browse first-time homeowner grants available in New York, including statewide and local programs.

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9 active programs in New York

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Latest opportunities (9)

HOME Down Payment Assistance Program – Town of Brookhaven

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Town of Brookhaven Housing DivisionNYFirst-Time HomeownerLocally administered HOME-funded down payment and closing cost assistance provided as a subordinate loan to eligible first-time buyers purchasing single-family homes in the Town of Brookhaven.

Updated: Dec 6, 2025

Local down payment assistance of up to $50K for first-time buyers in Brookhaven, NY.

Eligible for: First-time homebuyers purchasing a new or existing single-family home in the Town of Brookhaven, income-eligible, must meet homeownership tr…

Funding: Offers up to 50,000 dollars in assistance toward down payment and closing costs, typically structured as a deferred, forgivable loan secured against the property, with repayment or forgiveness determined by the buyer’s compliance with occupancy and program requirements over the minimum affordability period.Deadline: Applications accepted on a first-come, first-served basis until funding is exhausted. RollingTown (Brookhaven, New York)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerBrookhaven homebuyerdown payment assistanceclosing cost assistanceHOME-fundeddeferred loanforgivable loantown program

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Homebuyer Dream Program® Suite

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Federal Home Loan Bank of New York (FHLBNY)NYFirst-Time HomeownerRegional grant program from the Federal Home Loan Bank of New York that provides up front grant funds for down payment and closing costs to first time homebuyers, with an optional layered HDP Plus component.

Updated: Dec 6, 2025

Up to $30K (or $60K layered) in grant funding for down payment and closing cost assistance, specifically tailored for first-time buyers in NY/NJ region.

Eligible for: First-time homebuyers in the FHLBNY district (New York & New Jersey) earning up to 80% AMI (or 120% for HDP Plus), must complete homebuyer c…

Funding: Offers grant funding up to 30000 dollars per household for down payment, closing costs, and counseling expenses, with the ability to layer additional funds through the HDP Plus option for a combined total of up to about 60000 dollars.Deadline: Rolling / while funding is available; layering allows up to $60K. RollingMulti state (New York and New Jersey within the FHLBNY district)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerNew Jersey homebuyerdown payment assistanceclosing cost assistancegrantlayered fundingregional programfirst-time buyer programhomebuyer education required

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Home Purchase Assistance Program (HPAP)

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City of Rochester Neighborhood & Business Development DepartmentNYFirst-Time HomeownerCity of Rochester grant program that provides upfront assistance for down payment and closing costs to first-time homebuyers through a conditional grant tied to long-term owner-occupancy.

Updated: Dec 6, 2025

Local grant program aimed at helping first-time homebuyers in the City of Rochester cover upfront purchase costs to increase access to homeownership.

Eligible for: First-time homebuyer, income eligibility, purchasing 1–4 family home in City of Rochester, must attend pre- and post-purchase training and c…

Funding: Provides a grant of up to about 6,000 to 8,000 dollars, depending on funding cycle and program terms, that can be applied toward down payment and closing costs for eligible first-time buyers in Rochester.Deadline: Rolling / funds availabilityRollingCity (Rochester, New York)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerRochester homebuyerdown payment assistanceclosing cost assistancegrantcity programfirst-time buyerhomebuyer education required

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First-Time Homebuyer Grant Program

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Community Housing InnovationsNYFirst-Time HomeownerNonprofit-administered grant program that provides first-time buyers in Community Housing Innovations service area with grant funds for down payment, closing costs, and eligible rehabilitation, paired with homebuyer education and counseling.

Updated: Dec 6, 2025

A regional homebuyer assistance grant program offering funding not only for down payment and closing costs but also for rehabilitation of the purchased home, thereby supporting sustainable homeownership across the Hudson Valley and Long Island.

Eligible for: First-time homebuyers in CHI’s service region, must attend orientation/homebuyer education, meet income/credit limits, purchase eligible pro…

Funding: Provides grant assistance that can be applied to down payment, closing costs, and qualifying rehabilitation work, with specific award amounts and terms varying by funding source, county, and buyer profile rather than a single fixed cap.Deadline: First-come, first-served until funds exhaustedRollingMulti-county (Westchester, Nassau, Suffolk and Dutchess Counties, New York)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerdown payment assistanceclosing cost assistancerehab assistancegrantnonprofit programregional programhomebuyer education required

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State of New York Mortgage Agency (SONYMA) Homebuyer Programs

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State of New York Mortgage Agency (SONYMA) under New York State Homes & Community Renewal (HCR)NYFirst-Time HomeownerState of New York Mortgage Agency (SONYMA) suite of 30-year fixed-rate mortgage products paired with low-down-payment options and down payment and closing cost assistance for first-time buyers across New York State.

Updated: Dec 6, 2025

Comprehensive suite of mortgage and down payment assistance programs for first-time buyers in New York State.

Eligible for: First-time homebuyers (defined as no ownership in past three years), purchasing 1–4 family, condo or coop in NY State, must meet income & cr…

Funding: Provides access to competitive, fixed-rate SONYMA mortgages in combination with various down payment and closing cost assistance options whose exact dollar amounts and structures vary by specific SONYMA program, but are designed to reduce upfront cash-to-close and monthly payment burdens for eligible New York buyers.Deadline: Rolling depending on specific program; funds available via participating lenders.RollingStatewide (New York)homebuyerfirst-time homebuyerveteran homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerlow-interest mortgagedown payment assistanceclosing cost assistancestate programfirst-time buyer programtarget area incentives

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HomeFirst Down Payment Assistance Program

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New York City Department of Housing Preservation & Development (HPD)NYFirst-Time HomeownerNew York City Department of Housing Preservation & Development (HPD) program providing large, forgivable or low-interest down payment and closing cost assistance to first-time buyers through a subordinate loan layered with a primary mortgage.

Updated: Dec 6, 2025

Unlock up to $100K in downpayment or closing-cost assistance for qualified first-time buyers purchasing 1–4-unit homes, condos or co-ops in NYC’s five boroughs.

Eligible for: Prospective first-time homebuyer in one of NYC’s five boroughs (1–4 unit home, condo or coop), must complete approved homebuyer education, c…

Funding: Offers up to 100,000 dollars, capped at 20 percent of the home’s purchase price, in assistance that can be applied toward down payment or closing costs, structured as a subordinate loan that may be forgiven over time when the buyer meets long-term owner-occupancy and other program requirements.Deadline: First-time homebuyer program; must apply while funds available (applicant must complete education and use approved lender) RollingCity (New York City – five boroughs)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerNew York City homebuyerdown payment assistanceclosing cost assistancelarge assistance amountcity programsubordinate loanforgivable loanhomebuyer education required

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Homebuyer & Homeowner Resources Program

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City of Schenectady Housing & Neighborhoods DepartmentNYFirst-Time HomeownerMunicipal program that combines down payment and closing cost assistance with rehabilitation support for eligible first-time homebuyers and owner-occupants purchasing within the City of Schenectady.

Updated: Dec 6, 2025

Municipal homebuyer assistance program offering funding for down payment/closing costs and rehabilitation to support first-time buyers purchasing within the city.

Eligible for: First-time homebuyer, owner‐occupant purchaser, income limits (often ≤ 80% AMI) purchasing a home in Schenectady.

Funding: Offers down payment and closing cost assistance typically up to around 10,000 dollars, with some program configurations allowing assistance up to about 20,000 dollars when rehabilitation or additional underwriting support is included.Deadline: Rolling / until funds exhaustedRollingCity (Schenectady, New York)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerSchenectady homebuyerdown payment assistanceclosing cost assistancerehab assistancecity programgrant or deferred loanneighborhood revitalization

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First-Time Homebuyers Program

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Family First Federal Credit UnionNYFirst-Time HomeownerCredit union homebuyer program that pairs low-interest first mortgages with access to State of New York Mortgage Agency (SONYMA) and other products that may include down payment and closing cost assistance for first-time buyers.

Updated: Dec 6, 2025

Credit union home-buyer assistance program offering low-interest first mortgages paired with down payment/closing cost support for first-time buyers in New York State.

Eligible for: First-time homebuyer, must use Family First FCU as lender partner, property in NY, eligible loan type (Conventional, USDA, FHA, VA).

Funding: Provides access to low-interest mortgage financing combined with down payment and closing cost assistance options where available through SONYMA and related programs, with exact dollar amounts depending on the loan product and assistance option selected rather than a single fixed grant level.Deadline: Rolling / as funds availableRollingRegional (New York State areas served by Family First Federal Credit Union)homebuyerfirst-time homebuyerNew York homebuyercredit union memberlow-interest mortgagedown payment assistanceclosing cost assistancecredit union programSONYMA partner

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NYS First-Time Homebuyer Grant Program

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Community Development Long Island (CDLI)NYFirst-Time HomeownerRegional first-time homebuyer program that provides a large deferred-payment loan, secured by note and mortgage, to cover down payment and closing costs for eligible buyers in Nassau and Suffolk counties.

Updated: Dec 6, 2025

Long Island-based grant/loan program helping eligible first-time buyers cover down payment and closing costs to make homeownership more accessible.

Eligible for: First-time homebuyers, income ≤ 120% AMI, must secure fixed-rate mortgage through NYS approved lender, property in Nassau or Suffolk County,…

Funding: Offers a deferred loan of up to approximately 75,000 dollars that can be used toward down payment and closing costs, with repayment terms and affordability conditions defined in the program note and mortgage documents.Deadline: While funds availableRollingCounty-level (Nassau and Suffolk Counties, New York)homebuyerfirst-time homebuyerlow-income homebuyermoderate-income homebuyerNew York homebuyerLong Island homebuyerdown payment assistanceclosing cost assistancedeferred loanregional programLong Island program

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