• Government Loans and Affordable Housing Programs

    Whether you’re a first-time homebuyer or a veteran, live in the Empire State, the Keystone State or others, we have government loan programs to meet your needs.
  • Persona HARP

    HARP Refinancing

    PS-StateResident

    State Resident

    PS-FirstTimeBuyer

    First-Time Buyer

    Country Living

    Farm Living

    PS-Veteran

    Veteran

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  • Enter your ZIP code to get rates for state programs

    Type of Mortgage

    Key Features

    Key Benefits

    FHA (Federal Housing Administration) Insured Mortgages

    • Low down payment
    • Fixed rates
    • Available to first-time homebuyers and others who qualify 
    • Seller can contribute up to 6% of sales price towards closing costs
    • Less cash up front for down payment

    VA (Veterans Administration) Loans

    • Available to U.S. Armed Forces personnel
    • Low or no down payment options
    • No personal mortgage insurance (PMI)
    • Fixed rates
    • Less cash up front for down payment
    • Seller can pay up to 4% of applicant’s prepaid fees plus all closing costs
    • Typically pay a one-time VA funding fee that may be financed into your loan
    • Loan amounts available for up to $417,000 for single family primary residences

    First Home Club (provided by FHLB of New York)

    • Savings program with a grant match to help save for a down payment and closing costs
    • Savings period of 10 - 24 months
    • First-time homebuyer counseling course
    • New York and New Jersey residents that meet income limits are eligible to apply. $7,500 may be used for down payment and/or closing costs
    • Also available if you have not owned a home in the last three years
    • Earn $4 in grant funds for every $1 you save
    • Up to a $7,500 grant

    State of New York Mortgage Agency (SONYMA) Loans

    • Eligible to NY state residents
    • Low down payments
    • Income and purchase price limits
    • Interest-free Closing Cost Assistance Loan (CCAL
    • Income and purchase price limits may be waived for homes purchased in SONYMA-defined target areas

    Pennsylvania Housing Finance (PHFA) Agency Loans

    • Eligible to PA residents
    • Low down payments
    • Income and purchase price limits
    • Below market interest rates and fees
    • Applicants may not need to be a first-time homebuyer if purchasing in a targeted area or you are a discharged veteran

    Connecticut Housing Finance (CHFA) Authority Loans

    • Eligible to CT residents
    • Low down payments
    • Income and purchase price limits
    • Applicants must be a first time homebuyer
    • Below market interest rates
    • Some programs provide down payment and closing cost assistance

    Massachusetts Housing Finance (MHFA) Agency Loans

    • Eligible to MA residents
    • Low down payments
    • Income and purchase price limits
    • Refinance loans available
    • Some programs provide down payment and closing cost assistance
    • Purchase applicant must be a first-time homebuyer

    Home Affordable Refinance Program (HARP)

    • Your loan was acquired by Fannie Mae or Freddie Mac on or before May 31, 2009
    • Lower monthly payment
    • Fixed-rate mortgage loan
    • Shorter loan terms — 15- to 30-year terms available
    • Reduce your interest rate

    United States Department of Agriculture (USDA) Loans

    • No down payment
    • Flexible qualifying ratios
    • Property must be in eligible area
    • Owner-occupied properties only
    • Up to 100% Loan To Value ratio
    • Seller can contribute up to 6% of sales price to be used for closing costs and pre-paid interest and tax escrows
    • Single Family Homes

This is not a commitment to lend. All loans are subject to credit approval and collateral evaluation. Restrictions apply.

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Lower your monthly payment by refinancing.

If you own a home, you may be able to lower your payment or shorten the term of your mortgage by refinancing.