Assistance program · New York
SONYMA Down Payment Assistance Loan (DPAL)
SONYMA second loan with no interest, forgiven after ten years, for the down payment with a SONYMA mortgage in New York
At a glance
- Most it gives, per the source
- Up to 3% of the price, capped at $15,000
- What its page says; your amount depends on the price and the loan.
- Kind of help
- Forgivable
- Second loan forgiven if you stay in the home
- First-time buyer?
- Not stated — ask
- The source does not say whether you must be a first-time buyer
- Checked
- November 5, 2026
- Against the program's official page.
Type of help
What it is
- Second loan forgiven if you stay in the home
What it gives
Up to 3% of the price, capped at $15,000
Source text
Minimum loan amount: $1,000 … Maximum loan amount: 3% of the purchase price (up to $15,000) or $3,000, whichever is highest … 0% interest rate … No monthly payments … Forgiven after 10 years A summary of what the program publishes; not a loan offer or advice. Amounts, limits and funding change without notice.
At a glance
Who qualifies
Each answer comes from the program's page. "Not stated — ask" means its page doesn't make it clear: ask before you apply.
Source text
DPALs may only be used in conjunction with a SONYMA mortgage … A Down Payment Assistance Loan cannot exceed your actual down payment and/or closing costs. … Interest rates for first-time mortgages with a DPAL attached will be 0.40% higher than mortgages without. … you must make a minimum cash contribution of 1% of the value of the property … Please remember that not all participating SONYMA lenders offer DPALs. - First-time buyers only Not stated — ask
- Homebuyer course required Not stated — ask
- Minimum credit score Not stated — ask
- Income limit Per the program table (by county and household size)
- Price limit Per the program table
- Mortgages it works with Not stated — ask
- Immigration requirement Legal residence in the U.S., per the source
- Accepts ITIN? Not stated — ask
- Spanish materials Not stated — ask
- Program status The source does not say whether it is open — ask
- Where it applies All of New York
What its page says about being open
Its page does not say whether the program is open or has funds. Ask the lender or the agency before counting on it. Read on the official page on November 5, 2026.
Your area in numbers
What buying costs in New York
The program covers all of New York. The first column is New York's figure; the second runs from the lowest to the highest among its counties. Limits change by county: check yours.
The program sets its maximum price in a table. Compare it with the typical home value in New York: $423,800.
The typical home value ($423,800) fits within New York's FHA limit ($541,287).
The program sets its income limit in its own table. For reference, HUD's low-income limit for 4 people in New York is $81,200.
| Figure | New York | Lowest to highest | Source |
|---|---|---|---|
| Typical home value | $423,800 | $101,700 (Allegany County) to $1,090,500 (New York County) | U.S. Census Bureau |
| FHA limit (one-unit home) | $541,287 | $541,287 (Albany County) to $1,249,125 (Westchester County) | HUD |
| Conforming limit (one-unit home) | $832,750 | $832,750 (Albany County) to $1,209,750 (Westchester County) | FHFA |
| HUD low income (80%), household of 4 | $81,200 | $71,900 (Allegany County) to $135,700 (Rockland County) | HUD |
Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024) · FHA mortgage limits (HUD) (2026 data) · Conforming loan limits (FHFA) (2026 data) · Income Limits (HUD) (Fiscal year 2026)
Step by step
How to use it, step by step
Each step comes from what the program's page says. What its page leaves out is further down, in the questions.
Find a participating lender-
Ask first whether it is open
Its page does not say whether it is open or still has funds. That is the first thing to ask.
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Find your county in the income table
The limit changes with the county and the number of people in your household. Count the income of everyone the program asks you to add.
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Check your county's maximum price
The program sets a maximum price per county in its table.
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Find a participating lender: state programs do not take applications directly; the lender reserves the assistance while processing your mortgage.
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Compare the total cost before you sign
Ask about the total cost. The mortgage with assistance may carry a higher rate than without it, and some programs charge for the course or a fee.
Before you call
What to ask
Its page leaves 7 points unclear. Write them down for when you talk to State of New York Mortgage Agency.
What its page does not say
- Is it open now, and does it still have funds?
- Is it only for first-time buyers?
- Do you require a homebuyer course? Which ones do you accept, and what do they cost?
- What minimum credit score do you require?
- Which mortgage types does it work with: FHA, VA, USDA or conventional?
- Do you accept an ITIN?
- Do you have materials or staff in Spanish?
Worth asking for this kind of help
- After how many years is the loan forgiven, and what happens if I sell or refinance before then?
Against the others
How it compares with New York's other programs
The 3 programs we checked in New York, with the same fields from their official pages. "Doesn't say" means its page does not make it clear.
It is the only one of New York's 3 programs whose page does not say whether you must be a first-time buyer. It is one of 3 out of 3 that publish an amount with the figure in their own wording. 2 more programs in the state give "forgivable" help: Achieving the Dream and HomeFirst Down Payment Assistance Program. It covers the whole state; one program on the list is only for a city or a county.
Swipe the table to see every column.
| Program | Kind of help | Published amount | First-time buyers only | Course required | Accepts ITIN | Where it applies |
|---|---|---|---|---|---|---|
| SONYMA Down Payment Assistance Loan (DPAL)this program | Forgivable | Up to 3% of the price, capped at $15,000 | Doesn't say | Doesn't say | Doesn't say | Statewide |
| Achieving the Dream | Forgivable | Up to 3% of the price, capped at $15,000 | Yes | Doesn't say | Doesn't say | Statewide |
| HomeFirst Down Payment Assistance Program | Forgivable | Up to $100,000 | Yes | Yes | Doesn't say | New York City, Bronx County, Kings County, New York County, Queens County, Richmond County |
Sources
How we checked this program
We read the program's official pages on November 5, 2026 and copied their text as it appears on them. We add no amounts or requirements those pages do not state, and a program is listed as open or closed only when its page says so.
We check every program again. If more than 180 days pass without a check, the page says so.
Get free help applying
A HUD-approved housing counselor explains the program's requirements, goes over your numbers and tells you what to ask the lender. They do not sell loans.
Find a counselor (HUD)Read before you apply
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Help and programs
Down payment assistance: how it works
What down payment assistance is, the types that exist (grant, forgivable or deferred second loan, tax credit), who qualifies and where to find it.
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Help and programs
HUD housing counselors: what they do and what they cost
What a HUD-approved housing counselor does, what they help with (buying, renting, missed payments, credit), what they may charge and how to find one.
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Help and programs
Public charge and housing: what the rules say
Public charge: which housing help DHS may consider, who is exempt, how HUD prorates assistance for mixed-status families and where to get free advice.
Your county
Price and income limits depend on the county. Your county page has the typical value, the FHA limit and the counseling agencies that can walk you through the application.