Homes for Veterans Program

Homeownership is the American dream. But for those who protect and serve our country, that dream can be difficult to make a reality. At SONYMA, we believe in helping our veterans and active service members achieve that dream through low-interest mortgage products designed to make homeownership easier than ever before.

Homes for Veterans Benefits

• Exclusively for active service members, veterans, and their spouses or co-borrowers
• US Military veterans with an other than dishonorable discharge do not need to be first time homebuyers
• Also applies to active or honorably discharged members of the National Guard and reservists
• Interest rates 0.40% lower than standard SONYMA interest rates for loans with down payment assistance.
• Down Payment Assistance Loans are available with this program for up to $3,000 or 3% of the purchase price (not to exceed $15,000), whichever is higher.
• Minimum borrower cash contribution is only 1%; the remaining 2% can come from a gift or other acceptable source
• No points

• You must be either a U.S. military veteran or active duty serviceperson and be able to provide the following documentation with your application:
  • DD214 – Certificate of Release or Discharge from Active Duty or NGB Form 22 – Report of Separation and Record of Service
  • Leave and Earning Statement (required for all active duty U.S. military personnel)
  • Military ID Card (required for ALL active duty U.S. military personnel)
• Military Veteran's Eligibility Affidavit (SONYMA Form 243) is required only if an eligible veteran or their spouse or co-borrower is not a first-time homebuyer

To apply for a SONYMA loan, you must work with one of our participating lenders. Have a look at SONYMA's participating lender list to find the one that’s right for you.

To learn more about how SONYMA's Homes for Veterans compares to the VA Home Loan, click here.