Overview

The time right after graduation from college is exciting, with new opportunities and the rest of your life ahead of you. Now imagine starting that new life with a home of your own. The Graduate to Homeownership program offers recent college graduates low-interest mortgages, down payment assistance, and homebuyer education resources to purchase their first home in certain upstate New York communities. 

 

Graduate to Homeownership Benefits
  • Competitive 30-year fixed interest rates 
  • May be combined with other SONYMA grants and assistance programs, such as:
    • Down Payment Assistance Loans to help with your down payment
    • Remodel NY for funds to help with repairs and remodeling

Eligibility

  • Available for first-time homebuyers who have received an associate, bachelor’s, master’s, or doctoral degree within the past 48 months from an academic program recognized by the U.S. Department of Education
  • You must have good credit, stable employment, and be able to make monthly mortgage payments
  • You must occupy the property as your primary residence
  • Regional income limits apply and vary by county

Availability

To qualify for the Graduate to Homeownership program, you must buy a house in one of these communities. Use the links below to go directly to individual community pages on www.ny.gov and learn more.