SONYMA Loan
Affordable homeownership, made for New Yorkers.
Why choose a SONYMA Loan?
Because buying a home in New York shouldn’t feel out of reach. SONYMA loans offer affordable solutions designed specifically for first-time and income-qualified buyers.
Low Down Payment Options
Purchase a home with as little as 3% down, making homeownership more accessible.
Down Payment Assistance
Qualified buyers may receive help with down payment & closing costs.
Competitive Interest Rates
Benefit from below-market interest rates, even with limited savings or credit history.
SONYMA Loan
noun
Definition:
A mortgage program offered by the State of New York Mortgage Agency, designed to help first-time and income-eligible buyers purchase a home with low down payment options, competitive interest rates, and access to down payment assistance.
Example:
As a first-time buyer in Brooklyn, he used a SONYMA Loan to secure affordable financing and down payment assistance.
Contact Us
Have questions or ready to get started? Contact us today, and our team will help you take the next step toward homeownership.
