How to Apply

SONYMA mortgages are available through a network of participating lenders across New York State.  These lenders are familiar with SONYMA mortgage programs and their requirements, options and benefits. 

Applying for a mortgage can be intimidating. But not with SONYMA. Your SONYMA lender will guide through the homebuying process from start to finish. 



Step 1 - Get Pre-Qualified

STEP 1: Get Pre-qualified with a SONYMA Participating Mortgage Lender

Pre-qualification letters let potential sellers know you are ready to buy, which puts you in a much stronger position to negotiate. A pre-qualification letter also gives you a price range of what you can afford, so you can tailor your search to stay within your budget.

Find a participating lenders in your area to get pre-qualified. Getting pre-qualified is easy, but you need to make sure you have the following information at your fingertips for each-and-every loan application.

At minimum, lenders will need:

  • Recent Paystubs. You will need to provide copies of paystubs along with your work history and proof of any other verifiable sources of income.
  • Banking Details. Have your bank account numbers, balances, branch addresses, and your two most recent monthly bank statements.
  • Debt Information. Lenders will need to assess your debt level, so have the names, addresses, and account numbers for any outstanding debts. These include, but are not limited to, student loans, car loans, and credit cards.
  • Rental History. Have your landlords’ names and the dates and addresses of your occupancy.
  • Tax Returns. Providing the last three years of your signed Federal Income Tax Returns helps lenders establish earning patterns over time.
  • Divorce Decrees. If applicable, you may be asked to provide a divorce decree or separation agreement.


SONYMA Participating Lenders

Contact one of our helpful participating lenders to get pre-qualified for your SONYMA loan today using the links below. If your chosen lender determines that you do not qualify now, ask them to recommend ways to improve your application for the future.

For a list of SONYMA participating lenders, click here.

SONYMA's Hall of Fame Loan Officers



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Step 2 - Find a Home, Sign a Contract

STEP 2: Find a Home, Sign a Contract

Once you find a home and agree on a price, you will need to execute a contract and leave a good faith deposit to hold your home. This deposit usually is about $1,000 and proves to the seller that you are serious about purchasing the home.


Other things to consider during this step:


  • You’ll need to provide an official offer letter. Once the seller signs your letter, the offer becomes a contract. SONYMA recommends that you hire a real estate attorney to review your contract details, so make sure your offer letter gives you that opportunity. Your realtor or the seller may recommend an attorney, but we suggest finding your own to ensure everyone is working in your best interest.
  • Your contract should allow you to cancel the home purchase and get your down payment back under certain circumstances, such as:
    • Your mortgage application is turned down.
    • A professional inspection of the property reveals major defects.
    • A pest inspection shows serious termite damage or pest infestation.
    • The seller cannot provide a clear, unencumbered title.
  • Once the final contract is negotiated and executed, you likely will be asked for a larger down payment—as high as 10% of the sale price. After this point, if you fail to meet your contract terms or decide not to purchase the home, you will probably lose your down payment.


If your contract requires a higher down payment than you can afford, SONYMA can help finance up to 97% of your home purchase and reimburse you for the additional down payment amount. To protect you even further, SONYMA will not permit a lender to register a loan until they've received a fully executed sales contract signed by all buyers and sellers.

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Step 3 - Update Your Application, Lock Rates

STEP 3: Update Your Application, Lock Rates

Updating your application and locking in rates is critical to finalizing the details of your purchase. Your updated application will include information such as property address, final sale price, and total loan amounts. You will also need to remember to sign your new application before the lender can register your loan with SONYMA and lock in your interest rate. Once the lender completes your loan package, SONYMA and our mortgage pool insurer must review it. This step adds about one week to the normal processing time of a conventional loan.


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Step 4 - Find a Lender, Stay in Touch

STEP 4: Stay in Touch

Successfully buying a home requires cooperation from all sides, so staying in close contact with your lender and your attorney is always a good idea. Don't assume that, “No news is good news.” If your lender or your attorney asks for additional documentation, respond quickly.


Find a Lender That’s Right for You

Please contact a SONYMA Participating Lender for further information by using the links below.

For a list of SONYMA participating lenders, click here.

SONYMA's Hall of Fame Loan Officers


Cattaraugus, Chautauqua, Erie, and Niagara Counties

Genesee, Livingston, Monroe, Ontario, Orleans, Seneca, Wayne, Wyoming, and Yates Counties

Cayuga, Cortland, Madison, Onondaga, and Oswego Counties

Allegany, Broome, Chemung, Chenango, Delaware, Otsego, Schuyler, Steuben, Tioga, and Tompkins Counties

Columbia, Dutchess, Greene, Orange, Putnam, Sullivan, and Ulster Counties

Albany, Montgomery, Rensselaer, Saratoga, Schenectady, and Schoharie Counties

Clinton, Essex, Franklin, Fulton, Hamilton, Herkimer, Jefferson, Lewis, Oneida, St. Lawrence, Warren, and Washington Counties

Rockland and Westchester Counties

Nassau and Suffolk Counties

Bronx, Kings, New York, Queens, and Richmond Counties


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