Showing all 9 programs.
First mortgage programs
SONYMA mortgages
- Administrator
- State of New York Mortgage Agency (NY Homes and Community Renewal), through participating lenders
- Geography
- Statewide, New York
- Funding
- Confirm current funding with administrator/lender
State-backed mortgage programs aimed at first-time and qualifying buyers. You apply through a SONYMA participating lender, not through the agency directly.
Next step: Ask a participating lender which SONYMA programs you may qualify for and request a Loan Estimate.
Source: NY HCR — SONYMA · Reviewed September 26, 2026
Deferred 0% loan
SONYMA Down Payment Assistance Loan (DPAL)
- Administrator
- SONYMA, paired with a SONYMA mortgage
- Geography
- Statewide, New York
- Funding
- Confirm current funding with administrator/lender
A 0% interest second loan with no monthly payment that can be forgiven after 10 years if conditions are met; it may need to be repaid if you sell or refinance earlier. Pairing it with a SONYMA mortgage can change the mortgage rate. A separate DPAL PLUS option has its own income and funding limits.
Next step: Read the exact limits and rate adjustment on the official DPAL page, then confirm with a participating lender.
Source: NY HCR — Down Payment Assistance Loan (DPAL) · Reviewed September 26, 2026
Grant (via lender)
FHLBNY Homebuyer Dream Program
- Administrator
- Federal Home Loan Bank of New York, through participating member lenders
- Geography
- Participating member lenders in New York and New Jersey
- Funding
- Confirm current funding with administrator/lender
Grant funds offered through participating member lenders. Participating lenders confirm eligibility and whether funds can be reserved for your purchase. Local counseling is available through the Affordable Housing Partnership.
Next step: Ask your lender whether it participates this year and complete any required homebuyer counseling.
Sources: FHLBNY — Homebuyer Dream Program · Affordable Housing Partnership — Homebuyer Dream · Reviewed September 26, 2026
Home acquisition assistance
City of Albany Home Acquisition Program (HAP)
- Administrator
- City of Albany
- Geography
- Properties within the City of Albany
- Funding
- Confirm current funding with administrator/lender
City program to help eligible buyers purchase homes inside Albany city limits. Guidelines and the application are published by the City.
Next step: Read the current HAP guidelines on the City page and confirm the property address is inside city limits.
Source: City of Albany — Home Improvement Programs (HAP, Choose Albany) · Reviewed September 26, 2026
City homeownership incentive
Choose Albany
- Administrator
- City of Albany
- Geography
- Properties within the City of Albany
- Funding
- Confirm current funding with administrator/lender
City of Albany homeownership information published alongside HAP. Details, eligibility and availability are set by the City.
Next step: Check the City page for current terms before you make an offer.
Source: City of Albany — Home Improvement Programs (HAP, Choose Albany) · Reviewed September 26, 2026
Down payment / closing cost assistance
Troy Homebuyer Incentive Program (HIP)
- Administrator
- TRIP (Troy Rehabilitation & Improvement Program)
- Geography
- Properties within the City of Troy
- Funding
- Confirm current funding with administrator/lender
Assistance for eligible buyers purchasing in the City of Troy, administered by TRIP.
Important: Apply before you sign a purchase contract. TRIP states applicants cannot already have a purchase contract at the time of application.
Next step: Contact TRIP to apply and confirm current amounts before signing any purchase contract.
Source: TRIP — Down payment assistance · Reviewed September 26, 2026
Assistance inquiry
Rensselaer County assistance (outside Troy)
- Administrator
- TRIP / Rensselaer County Housing Resources (RCHR)
- Geography
- Rensselaer County addresses outside the City of Troy
- Funding
- Confirm current funding with administrator/lender
For Rensselaer County addresses outside Troy, AHP points buyers to TRIP/RCHR. Whether assistance is available depends on the address and current funding.
Next step: Ask TRIP/RCHR whether the specific address qualifies before counting on assistance.
Sources: Affordable Housing Partnership — Down payment assistance · TRIP — Down payment assistance · Reviewed September 26, 2026
Assistance + pre-purchase counseling
BCNI down payment assistance
- Administrator
- Better Community Neighborhoods, Inc. (BCNI)
- Geography
- Schenectady and Montgomery counties (listed program: City of Schenectady or Montgomery County)
- Funding
- Confirm current funding with administrator/lender
BCNI assists buyers in Schenectady and Montgomery counties and offers pre-purchase counseling. Its listed program covers the City of Schenectady or Montgomery County — not every Schenectady County address.
Next step: Start pre-purchase counseling with BCNI and confirm the property address qualifies.
Source: BCNI — Down payment assistance · Reviewed September 26, 2026
Assistance inquiry
ACRHA acquisition assistance
- Administrator
- Albany County Rural Housing Alliance (ACRHA)
- Geography
- Albany County areas outside the City of Albany
- Funding
- Confirm current funding with administrator/lender
For Albany County homes outside Albany city limits, ACRHA handles acquisition assistance inquiries. Property eligibility must be confirmed with ACRHA.
Next step: Contact ACRHA with the property address to confirm eligibility.
Sources: ACRHA — Home down payment assistance · Affordable Housing Partnership — Down payment assistance · Reviewed September 26, 2026