State of NY Mortgage Agency (SONYMA)

SONYMA offers low-interest mortgage loans and programs to help qualified buyers purchase their first home.

Your Path to Homeownership Starts Here

Making Your First Home a Reality

The State of New York Mortgage Agency (SONYMA) offers low-interest mortgage loans and programs to help qualified buyers purchase their first home.

SONYMA provides access to affordable homeownership by removing many of the barriers faced by first-time homebuyers.

From increasing your understanding of the homebuying process, to helping secure funds for a down payment, SONYMA is with you every step of the way.

Getting Started

Begin Your Journey with SONYMA

Preparation & Eligibility

Check your eligibility and learn what you’ll need to get started.

Programs & Add-On Features

Explore programs and add-on features that make your first home more affordable.

How to Apply

Let us guide you through the homebuying process from start to finish.

Participating SONYMA Lenders

Find lenders in your area who are familiar with SONYMA products and programs.

Check Rates and Eligibility

Current Interest Rates

See a list of interest rates available through SONYMA programs.

Current Rates

Income and Purchase Price Guidelines

SONYMA sets income and home price limits based on program, property type, and region. Choose the program and region where you want to buy to see which limits apply to you.

View Income Guidelines

Featured SONYMA Programs

Achieving the Dream Program

Get the lowest interest rates available through SONYMA with the Achieving the Dream Program. This 30-year fixed mortgage offers low fees, flexible down payment options, and can be combined with other grants or subsidies.

Learn About Achieving the Dream

Low Interest Rate Program

Use this program to buy a home with a lower down payment requirement, including 1-4 family homes, condos, co-ops, and manufactured homes. This 30-year fixed-rate mortgage offers competitive interest rates and down payment assistance.

Explore the Low Interest Rate Program

Down Payment Assistance Loan (DPAL)

Add this loan to any SONYMA mortgage program to help cover your down payment, closing costs, and/or mortgage insurance. This 0% interest loan can lower your monthly payments and make buying your first home more affordable.

Get Down Payment Assistance

All Programs & Add-On Features

SONYMA offers low-cost, fixed-rate mortgages with low down payment requirements to help make buying a home more affordable. Optional add-on features provide extra support, including down payment assistance and funds for repairing or remodeling your new home.

SONYMA Programs & Add-Ons

Homebuying Counseling

The Benefits of Homebuying Counseling

SONYMA partners with nonprofit housing counseling agencies across New York to help you through the homebuying process. They offer online classes, workshops, and one-on-one counseling. Learn about money management, credit monitoring, preparing for homeownership, and preventing foreclosure.

Find a Counselor

Call 1-800-382-4663 or connect with the SONYMA team online. You can also contact a participating lender to learn more about your next steps. SONYMA does not take loan applications or service loans directly.

Contact SONYMA

Lender Information

Have More Questions?

Talk to SONYMA Experts

Join our bi‑monthly calls to learn about SONYMA programs or attend an in‑person event for helpful information.

See Upcoming Events

Paying Off Your SONYMA Mortgage

Get answers to common questions about your SONYMA loan. Learn how to request a payoff statement, what happens after you pay off your mortgage, and where to get help if you have problems.

Mortgage Payoff

Homeownership Professionals Lender and Servicer Information

Become a SONYMA Participating Lender

Learn how you can help first-time homebuyers with our programs.

Become a Participating Lender

SONYMA Express

Find important information for SONYMA Participating Lenders and Servicers, and access our automated underwriting system.

Access SONYMA Express

Builders

Home builders can market their homes with SONYMA mortgages and incentives.

Learn About Builder Resources

SONYMA Properties for Sale

View a list of properties for sale that are currently owned by SONYMA. For details about a specific home, please contact the listed servicer or realtor.

Explore SONYMA Properties