Home Buyers

SONYMA and AHC offer programs to promote homeownership among low- and moderate-income New Yorkers.

SONYMA

SONYMA offers low interest mortgages for first-time homebuyers that include closing cost assistance.

• For a list of SONYMA's different mortgage programs, click here.
  
  
• To see SONYMA's current interest rates, click here.
  
  
• To find out how to qualify for a SONYMA mortgage, click here.
  
  
• To find out more about the New York State Mortgage Credit Certificate program,
  click here 

AHC

AHC provides grants to organizations to help subsidize the cost of purchasing newly constructed homes and existing homes in need of rehabilitation for low- and moderate-income homebuyers.  To purchase these homes at subsidized prices, prospective homebuyers must apply directly to AHC Grantee organizations.  Please note that AHC does not provide grants directly to individuals.

• To find and AHC Grantee in your area, please click here.
  
  
• AHC income qualification is generally based upon a percentage of the HUD Low Income Limits.  Please note that income qualification limits vary by project and may go up to 166% of the HUD Low Income Limits in the table attached here. To find out eligibility for a specific development, please contact the AHC Grantee administering the subsidy.