First-time home buyer programs in New York are programs meant to help new homebuyers purchase their first home. Below we outline the first-time home buyer programs in NYC and NY State, from grants to SONYMA mortgage loans.

Buying a home in New York City is expensive, and many first-time homebuyers can have trouble saving for a down payment and other closing costs. However, first-time buyers’ grants make buying a home in New York possible and affordable for those buyers who qualify. These programs can help first-time homebuyers with down payment and closing costs. Various types of first-time home buyer grants are available through multiple entities, city agencies, and nonprofits.

Typically, if you comply with the terms of the grant, the money doesn't have to be repaid.