Buying Your First Home? Don't Leave Free Money on the Table!
Let’s be honest: Saving for a down payment in the New York market feels like trying to catch a moving train. But here’s some good news—there is actually "free money" out there to help first-time buyers plant roots in our community. In 2026, both New York State and local counties have expanded their assistance programs to help keep the market moving.
The SONYMA Advantage The State of New York Mortgage Agency (SONYMA) is a lifesaver. They offer low-interest rates and, more importantly, Down Payment Assistance Loans (DPAL).
How it works: In many cases, you can get a 0% interest loan for your down payment that is completely forgiven if you stay in the house for 10 years. That’s essentially a gift from the state!
Local Grants: Nassau and Suffolk Programs If you’re looking at Dix Hills, Melville, or Syosset, check for county-specific grants. For 2026, some programs offer up to $30,000 for eligible buyers to help with closing costs or down payments.
The Catch: These usually have income limits and require you to attend a homebuyer education course. (Don't worry, the courses are actually very helpful and can be done online!)
The "First-Time Buyer" Definition Here is a "Broker Secret": You don’t always have to be a true first-time buyer. In many programs, if you haven't owned a primary residence in the last three years, you qualify as a "First-Time Buyer" again!
Why you need a pro: These grants have strict deadlines and specific "approved lenders." I can connect you with mortgage officers who specialize in these programs so we don't miss out on the funding. Let's see how much we can save you!
