The home loan that lets first-time buyers put as little as 3 percent down

… price for the city  Editors note A previous version of this post was published in May 2024 We are presenting it … for a down payment a SONYMA loan could be the answer … What are the available down payments … According to Patrick … features of a SONYMA loan  He notes that although the DPAL does not involve monthly payments you will have to pay a …

By Evelyn Battaglia |April 22, 2025 - 10:30AM
How first-time buyers can apply for up to $100,000 in down payment assistance

… More New Yorkersthough not manywill soon be able to snag up to $100000 in a forgivable … in funding would be added to the citys down payment assistance program HomeFirst which will provide roughly 1000 … of the AMIabout $130450 for an individualcan apply … What else do I need to know before applying … To be eligible …

By Celia Young |February 3, 2025 - 3:00PM
Need a mortgage to buy a NYC co-op? Your rate is not the only thing to consider

… else The competition you will likely face the amount of money that can be involved and the intricacies of most … with updated information for February 2023 … Nontraditional banks may not know coops … Natasha Meyers learned this … including  down payment restrictions and debttoincome ratio caps Kurzweil says  For example while a bank might be fine …

By Mimi OConnor |February 17, 2023 - 2:30PM
What are some tips for buying a NYC co-op or condo when mortgage rates are rising?

… years Never in the last 50 years have they been as low So how do you get that back You dont Weve been in an interest … you through the options and the loan process to see how much you can afford under various scenarios  Alternatives to … 1 percent of your mortgage so on a $750000 mortgage a point would cost $7500 An even better idea  If the seller really …

By Teri Karush Rogers |September 26, 2022 - 1:30PM