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New York Low Income Home Loans & Programs

New York Low Income Home Loans & Programs

If you want to buy a house with low income in New York, there is help available to you! There are many programs that will assist you with tax reductions, down payment assistance and so much more!

Get more help buying a house with low income here!

Since there are several different types of assistance for low income home buyers in New York, we’ve tried to organize this list by type as much as possible.

New York has awesome programs for first time home buyers!

 is a program for low income first time home buyers by SONYMA. This program offers a very low fixed interest rate and down payment assistance.

Graduate to Home Ownership is part of Governor Cuomo’s Downtown Revitalization Initiative. This program offers low interest rates, down payment assistance and homebuyers education classes. It is available in eight New York counties.

Down payment assistance is provided in the form of a loan for $3,000 or 15 percent of the home’s purchase price, whichever is greater. The maximum down payment assistance loan is $15,000. This loan has no extra fees.

This program is available to qualified first-time home buyers who graduated an accredited college or university within the last 48 months. Graduates of associates, bachelors, masters and doctorate programs qualify.

However, the home you purchase must be located in one of the following DRI-designated communities:

  • Jamestown (Western NY)
  • Geneva (Finger Lakes)
  • Elmira (Southern Tier)
  • Oswego (Central NY)
  • Oneonta (Mohawk Valley)
  • Plattsburgh (North Country)
  • Glens Falls (Capital Region)
  • Middletown (Mid-Hudson)

Homes for Veterans is a special program for US veterans and active duty military members. This program provides down payment assistance and may assist with necessary renovations also. Get the details on the New York State Homes and Community Renewal website.

HomeSmartNY has partnered with eHome America to provide homebuyer education courses to first time home buyers in New York.

Some NY communities offer even more benefits!

There are community-based programs for first time home buyers throughout New York state. For your convenience, we’ve divided these resources into four major geographic areas: New York City, Long Island, Hudson Valley and Upstate New York.

New York City

Asian Americans for Equality provides several programs for eligible first time home buyers. You could receive up to $15,000 from the Home First Program and/or $75,000 from the Down Payment and Closing Cost Assistance Loan. You could also receive up to $7,500 in matching funds from First Home Club. 

Margert Community Corporation provides homebuyer education, down payment and closing cost assistance programs. They serve all five NYC boroughs and Long Island. Their programs include the NYC HPD HomeFirst Down Payment Assistance Program (up to $25,000), the MCC First Home Program (up to $40,000), the SONYMA Neighborhood Revitalization Program (up to $60,000) and the First Home Club (up to $7,500).

Neighborhood Housing Services of New York City, Incserves all five boroughs of New York City. They can assist you with free homebuyers education courses, one-on-one counseling, and up to $20,000 in down payment assistance through the NeighborhoodLIFT Program.

Neighbors Helping Neighbors provides assistance for low and moderate income households. They host one-day homebuying seminars, provide one-on-one financial counseling and access to down payment assistance programs.

Neighborhood Housing Services of Brooklyn provides seminars, one-on-one counseling, homeownership courses, credit scores and access to down payment assistance.

Long Island

Community Development Corporation of Long Island offers assistance with affordable homes on Long Island. The agency acquires abandoned and foreclosed properties, fixes them up to a high standard and then makes them available for sale to eligible first time home buyers.

Long Island Housing Partnership provides down payment grants and mortgage counseling programs. They provide a First Home Club program, first time home buyers program, and down payment assistance. 

Margert Community Corporation provides homebuyer education, down payment and closing cost assistance programs. They serve all five NYC boroughs and Long Island. Their programs include the NYC HPD HomeFirst Down Payment Assistance Program (up to $25,000), the MCC First Home Program (up to $40,000), the SONYMA Neighborhood Revitalization Program (up to $60,000) and the First Home Club (up to $7,500).

Hudson Valley

Rural Ulster Preservation Company helps first-time home buyers with many different services, including a free individual mortgage readiness analysis, matched savings program, Section 8 homebuyer program and grants to help you purchase your home.

Westchester Residential Opportunities Inc. is a non-profit organization that provides services such as accelerated home buyers education, first-time homebuyer programs, grants and more.

Upstate New York

Affordable Housing Partnership will help you purchase your home. You’ll need to pay a $25 appointment fee to cover the cost of your credit report and other materials. However, they’ll help you save for your home, find a homebuyer course, coordinate down payment assistance and more!

Albany County Rural Housing Alliance Inc. provides first time homebuyer education, matched savings programs and a HOME down payment assistance program of up to $27,300!

Belmont Shelter Corporation helps residents of Buffalo, North Tonawanda and other municipalities purchase affordable homes. They rehabilitate and sell affordable homes. They also offer homebuyer education, Section 8 vouchers and an awesome Family Self-Sufficiency Program.

Better Neighborhoods Inc. serves the Schenectady area with a matched savings programs ($4 for every $1 you save!) and SONYMA mortgage packages. Their website also features offer affordable home listings.

Bishop Sheen Ecumenical Housing Foundation helps families across 13 counties obtain home ownership. They provide housing counseling, closing cost assistance and other services to help people make their dream of home ownership come true!

Cayuga County Homsite Development Corporation can help with up to $3,000 toward your down payment and closing costs. They also provide a home ownership orientation and help for Section 8 Homebuyers.

Center City Neighborhood Development Corphosts a housing counseling service, home improvement program and more for residents of the Center City area of Niagara Falls.

Community Action of Madison County offers a plethora of helpful services to low and moderate income families in Madison County. In addition to special programs for new moms, youth and kinship caregivers, they also offer housing resources!

Community Action in Self Help Incserves Wayne County and a few select towns in Ontario County. This agency assists with homebuyer education classes, rental counseling, foreclosure prevention, lead testing, Section 8 and so much more.

Cortland Housing Assistance Council provides home ownership programs for first time home buyers. They also provide housing counseling and home modification programs for disabled buyers.

Home Headquarters provides loans of up to $3,000 to assist with closing costs for homes located in the City of Syracuse or the counties of Onondaga, Oswego, Cayuga, Cortland, Madison or Jefferson. Low income borrowers who purchase a qualifying home within the City of Syracuse do not have to pay the loan back.

Homeownership Center features financial coaching, homebuyer assistance programs and more. They offer down payment assistance through several programs. For example, you could receive a forgivable loan of up to $6,500 from West Utica Down Payment Assistance or $20,500 from City of Utica Down Payment Assistance programs. They also have  generous down payment assistance programs for Oneida and Madison County residents.

Housing Assistance Program of Essex County provides a Section 8 program, home repair program and home buying assistance to residents of Essex and Clinton counties. The home buying assistance is a subsidy that can be used to pay for reasonable closing costs, repairs, lead-based paint correction or reduction of the mortgage principal.

Ithica Neighborhood Housing Services provides home buyer education, renovated homes and financial assistance to help with down payment and closing costs. They also assist with home repairs and renter’s issues.

NeighborWorks Rochester provides expert guidance to first time homebuyers in the Rochester area. The Resource Center helps answer buyers’ questions, coordinates homebuyer orientations and can even provide $7,500 toward your down payment through the First Home Club.

Quaranta Housing Services coordinates Head Start, WIC and several housing programs. This agency is part of the NeighborWorks community of services. They assist with Section 8, first-time home buyers assistance programs, housing counseling, West End Mobile Home Sales and rehabilitation/repair programs.

West Side Neighborhood Housing Services Inc. provides many homebuyer services, including homebuyer education, orientation, credit counseling, down payment and closing cost assistance and more. A special program, called UB HOME or University at Buffalo Home Ownership Made Easy, helps faculty and staff at the State University of New York at Buffalo purchase a home in certain campus-area neighborhoods.

Western Catskills Community Revitalization Council Inc. provides financial counseling for aspiring home buyers in select areas of Delaware County, Greene County and Schoharie County. They also provide online home buyers courses and grants for down payment assistance when funds allow.

Don’t miss these resources for ALL first time home buyers in the US!

Nicole is the owner and lead researcher for Low Income Relief. She has over 20 years of professional research and writing experience, and she has been solely dedicated to investigating low income topics for the last 10 years. Nicole started Low Income Relief after a personal experience with poverty. When her husband was medically discharged from the US Army, their family experienced tremendous financial hardship. Nicole was able to gather help from multiple community agencies and move into a nearby low income housing unit in just two weeks! Since then, Nicole has been dedicated to helping low income families in crisis. She regularly spends hundreds of hours combing through countless resources to make sure that Low Income Relief has the most comprehensive and complete resource directories on the internet today. Prior to starting Low Income Relief, Nicole worked as a novelist, journalist, ghostwriter and content creator. Her work has been featured in various print and online publications, including USA Today, The Daily Herald, The Chronicle and more. Her work has also been featured by Google for Publishers and other leading industry publications.


Monday 25th of July 2022

i am a senior citizen and need help in buying my home in NYC.I am not Tech savy to apply on my own

Catherine Marucci

Tuesday 26th of July 2022

Hi Devki. If you dial 211, they may be able to find an agency that can assist you with applying.