New York Down Payment Assistance

Learn About New York Down Payment Assistance

The following mortgage down payment assistance program is offered through the State of New York Mortgage Assistance (SONYMA). See more information about local New York down payment assistance programs.

Down Payment Assistance Loan (DPAL)

  • Maximum interest-free loan of 3% of the purchase price (up to $10,000) or $3,000 (whichever is more) available to those who qualify for down payment assistance in New York
  • 10-year deferred loan is forgiven if all terms of the program are met
  • Buyer must contribute a minimum of 1% of the property value