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What SONYMA programs are available for newly constructed housing?

April 26, 2017constructed HOUSING newly Programs sonyma

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What SONYMA programs are available for newly constructed housing?

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SONYMA offers a variety of programs for newly constructed homes, all with favorable rate lock periods. The programs we offer are: • Construction Incentive Program – Features 97% financing. First-time homebuyers* are qualified at a fixed interest rate and the rate is locked for 240 days from loan reservation. (Click here for more information on the Construction Incentive Program.) • Achieving the Dream Mortgage Program – Features 97% financing and the lowest interest rate of all SONYMA programs. Available to lower income first-time homebuyers. The rate lock period is 240 days. (Click here for more information on the Achieving the Dream Mortgage Program.) • ENERGY STAR® Labeled Homes – SONYMA offers a special incentive for purchasers of newly constructed homes. (Click here for more information on the ENERGY STAR® Labeled Homes.) Closing cost assistance is available to all SONYMA borrowers applying for one of these programs. (Click here for more information on SONYMA’s Closing Cost Assist