New York Down Payment Assistance Programs (2026, Verified)

New York down payment assistance programs

Quick answer

New York buyers can get down payment help from NYC Department of Housing Preservation and Development (HPD). We verified 2 statewide programs, including HomeFirst Down Payment Assistance Program (Up to $100,000). Most programs require using the agency's first mortgage, meeting income limits and completing homebuyer education. Details below come from the official agency site.

What down payment assistance does New York offer?

Program	Amount	Type	Min. credit	First-time only?
HomeFirst Down Payment Assistance Program	Up to $100,000	Forgivable loan	Not stated	Yes
SONYMA Down Payment Assistance Loan (DPAL)	3% of the purchase price (up to $15,000) or $3,000, whichever is highest	Forgivable loan	Not stated	See program

How do I apply for New York down payment assistance?

Find a participating lender approved by NYC Department of Housing Preservation and Development (HPD).
Get pre-approved for the agency's first mortgage and confirm you meet income and price limits.
Complete the required homebuyer education course.
Your lender reserves the assistance when you go under contract.

Cities in New York

New York City Buffalo Rochester Yonkers Syracuse Albany New Rochelle Cheektowaga Mount Vernon Schenectady

Other states with verified programs

Alabama Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Idaho Illinois

Frequently asked questions

HomeFirst Down Payment Assistance Program: Up to $100,000; SONYMA Down Payment Assistance Loan (DPAL): 3% of the purchase price (up to $15,000) or $3,000, whichever is highest.

Most verified programs here target first-time buyers or have eligibility exceptions; check each program's official page.

The agency sets credit requirements with its participating lenders; most require at least a 620–640 score.

Sources

Data last updated October 25, 2026.

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Figures on this page are estimates for educational purposes only and are not a loan offer or commitment to lend. Rates, loan limits, fees and assistance programs change frequently and vary by lender, location and borrower profile. Confirm current terms with a licensed loan officer.