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SONYMA Down Payment Assistance Loan (DPAL)

Quick answer

SONYMA Down Payment Assistance Loan (DPAL) is a New York down payment assistance program from State of New York Mortgage Agency. It provides 3% of the purchase price (up to $15,000) or $3,000, whichever is highest as a forgivable loan. Eligibility, income limits and funding are set by the agency, so confirm current terms on its official page.

By Purchase Mortgage Loan Editorial Team Checked against official sources per our editorial standardsLast verified

Who qualifies for SONYMA Down Payment Assistance Loan (DPAL)?

Only with a SONYMA mortgage; cannot exceed your actual down payment and closing costs.

DetailProgram terms
Assistance3% of the purchase price (up to $15,000) or $3,000, whichever is highest
TypeForgivable loan
Minimum creditNot published on the program page
First-time buyerSee official page
Income limitsSee official page

How does SONYMA Down Payment Assistance Loan (DPAL) work with an FHA loan?

New York's 2026 FHA one-unit limits start at $541,287, which supports a price of about $560,000 with 3.5% down. On a $250,000 home, the minimum FHA down payment is $8,750 — assistance of up to $15,000 could cover it and part of closing costs, subject to program rules.

Where do I confirm current terms?

On the official page: https://hcr.ny.gov/down-payment-assistant-loan-dpal. Programs can pause when funds run out, so confirm availability with a participating lender.

“Maximum loan amount: 3% of the purchase price (up to $15,000) or $3,000, whichever is highest” — State of New York Mortgage Agency

← All New York down payment assistance programs

Frequently asked questions

3% of the purchase price (up to $15,000) or $3,000, whichever is highest, according to State of New York Mortgage Agency.

It's a forgivable loan: forgiven if you meet the occupancy period, otherwise repaid.

Sources

Data last updated October 23, 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.