| Without
Down Payment Assistance |
With
Down Payment Assistance |
| Low Interest Rate Mortgage Program |
| Current Interest Rate (short-term lock-in rate) |
4.625% |
5.125% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.625% |
5.125% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$5.14 |
$5.44 |
| Remodel New York Program |
| Current Interest Rate (short-term lock-in rate) |
4.625% |
5.125% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.625% |
5.125% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$5.14 |
$5.44 |
| Achieving the Dream Mortgage Program4 |
| Current Interest Rate3 |
4.125% |
4.625% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.125% |
4.625% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$4.85 |
$5.14 |
| Construction Incentive Program4 |
| Current Interest Rate (long-term lock-in rate) |
4.625% |
5.125% |
| Points1 |
0% |
0% |
| Annual Percentage Rate (APR)2 |
4.625% |
5.125% |
| Maximum Financing |
97% |
97% |
| Monthly payment per $1,000 borrowed |
$5.14 |
$5.44 |
1 Applicant must pay a 1% rate lock-in fee within 14 days from application. The fee will be refunded or credited towards closing costs by the Participating Lender at closing.
2 APR calculation does not include PMI, if any.
3 Achieving the Dream offers both short-term lock-ins and long-term lock-ins.
4 ENERGY STAR® interest rates are 0.50% lower than our standard interest rates for loans with down payment assistance.
Call SONYMA at 800-382-HOME (4663) or contact a SONYMA Participating Lender for further details.
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Last updated: 1/25/2010 3:05:47 PM