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What programs does SONYMA offer?

April 26, 2017Offer Programs sonyma

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What programs does SONYMA offer?

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SONYMA offers a variety of programs for eligible applicants. All of our programs feature competitive interest rates and the availability of down payment assistance. The programs we offer are: • Low Interest Rate Program – SONYMA’s standard mortgage program for first-time homebuyers* offers 97% financing at a competitive interest rate. (Click here for more information on the Low Interest Rate Program.) • Achieving the Dream Program – Features 97% financing and a lower interest rate than most SONYMA programs. Available to lower income first-time homebuyers. (Click here for more information on the Achieving the Dream Program.) • Construction Incentive Program – Specifically for newly constructed housing program. Features 97% financing. (Click here for more information on the Construction Incentive Program.) • Remodel New York Program – SONYMA’s purchase/renovation program offers first-time homebuyers* 97% financing for the purchase and renovation of an existing home. (Click here for more