Low Interest Rate Program

SONYMA's Low Interest Rate Program provides qualified low and moderate income first time homebuyers with low downpayment mortgage financing on one to four family dwellings (including condominiums and cooperative apartments, as well as manufactured homes permanently attached to real property) at competitive fixed interest rates.

• Features and requirements of the Low Interest Rate Program.
  
  
• Current interest rates for the Low Interest Rate Program.

Homebuyer assistance is available for the Low Interest Rate Program.

• Learn more about SONYMA's Down Payment Assistance Loan (DPAL) or SONYMA's Tax Credit Advance Loan (TCAL).

All SONYMA Mortgage Programs require borrowers to meet certain Household Income and Purchase Price limits.

• SONYMA's Purchase Price Limits.
  
  
• SONYMA's Household Income Limits.
  
  
• Learn about special incentives in Target Areas.

To apply for a SONYMA loan you must contact one of over 50 Participating Lenders located statewide.

• SONYMA's Participating Lender List. 

To compare the Low Interest Rate Program with all other SONYMA mortgage programs, see our Program Comparison Chart.