SONYMA Mortgages & Loans Program Rates

SONYMAThe State of New York Mortgage Agency

SONYMA is a program dedicated to providing low to medium income families in the State of New York the opportunity to purchase a home. There are several programs offered by SONYMA, each of which can assist you with the purchase of a home in the State of New York. Each of these programs features competitive rates, low down payments, down payment help, and no prepayment penalties.

Continental Home Loans participates in the following SONYMA Programs:

The Low Interest Rate Mortgage Program
This program is provided ONLY to first time home buyers (except in some target areas) who fall into the low to medium income range. This program offers attractive interest rate mortgages.
The Achieving The Dreams Program
This program provides first time home buyers in the low income range an opportunity to own their first home.
The Construction Incentive Program
This program allows qualified homebuyers who wish to purchase a new construction or rehabilitated (1 or 2 family) home the financing they require.
The Homes for Veterans Program
This program allows qualified veterans to apply for any of our SONYMA programs with better terms
The Down Payment Assistance Loans SONYMA Program
Those who qualify may receive assistance with their down payment do $3000.00 or 3% of the homes sale price (cannot exceed $10,000) whichever is greater.

As you can see there are many SONYMA programs. Determining which one is right for you requires the assistance of a qualified professional. Our qualified mortgage professionals are standing by to help guide you through this often confusing and intimidating task. Call us today at 800.965.0437 or click here to contact a CHL loan expert right away.