First Time Home Buyer Assistance through SONYMA

Family First CU offers numerous mortgage programs to promote home-ownership among low to moderate-income New Yorkers. The State of NY Mortgage Agency (SONYMA) provides some of these options. We have formed a partnership with to revitalize homes and communities within New York State. SONYMA traditional programs offer low interest mortgages for first-time homebuyers. Some of these options offer down payment assistance. With a SONYMA Mortgage your options just expanded! Contact our Mortgage Team to find out more!

  • Down payments as low at 3% with a Fixed Rate loan
  • Availability of Down Payment Assistance Loans of $3,000 or 3% of the home purchase price (whichever is higher; maximum: $15,000). Click here to go the SONYMA page and find out more details.
  • With borrowers contribution as low as 1%, many of our members who are renting can become home owners much sooner than they realized.
  • There are two programs available to meet your needs
  • SONYMA Mortgage loans have a maximum income guideline, purchase price limit and are typically only for First Time Home Owners. Family First CU does not service SONYMA loans that we originate Exceptions apply so call today!

Some SONYMA Mortgages require Mortgage Insurance Premiums. At Family First, we offer several options. Let us find the best options for you.

Family First of NY FCU NMLS#: 453880