The fresh new HomeFirst Down-payment Guidance System was administered because of the Ny Institution regarding Homes Maintenance and you will Innovation (HPD). It’s certified consumers as much as $100,000 for the brand new down-payment and you will settlement costs on a 1-4 device family home, condo, otherwise collaborative in one of the five boroughs of brand new York City.
It DPA are a good forgivable 2nd mortgage. But when you sell or refinance in advance of ten years, you will need to pay-off the loan completely.
- 3% down-payment (1% must are from the customer)
- End up being a first-go out household buyer
- Done a home customer degree direction
- Meet family earnings limitations
Homsite’s Financial Direction System (MAP)
Homsite’s Financial Guidelines Program (MAP) facilitate basic-day homebuyers overcome the newest economic hurdle from preserving having a down percentage and settlement costs. Read More
