A smarter way to buy your first home in New York
Think you’re priced out of buying right now?
New York first-time homebuyer programs and lender options may help eligible buyers with part of the down payment and closing costs.
See where you really stand on price and payment, explore SONYMA and local first-time buyer grants,
and leave with a clear next step.
See where you really stand on price and payment, explore SONYMA and local first-time buyer grants, and leave with a clear next step.
Already talking to a lender or pre-approved?
You can use this session as a second opinion on your current plan.
Schedule your first-time home buyer call with a New York licensed mortgage advisor.
Disclaimer: Program availability and benefits vary based on your income, credit, and property location. This overview is for New York first-time homebuyer education only — not financial advice or a commitment to lend. Mortgage loans are originated and provided by licensed professionals.
Disclaimer: Program availability and benefits vary based on your income, credit, and property location. This overview is for New York first-time homebuyer education only and is not financial advice or a commitment to lend. Mortgage loans are provided by licensed professionals. Always review your options carefully before making any financial decisions.
What It Takes to Buy Your First Home in New York
Most renters in New York are working off rough guesses — “I probably need 20% down, perfect credit, and no help with costs.” In reality, some New York first-time homebuyer programs and lender guidelines can change how the numbers look. Until you see your own numbers laid out, you’re still guessing.
See how much buyers really put down on their first home, not just the 20% myth.
Check your info against common New York first-time buyer and assistance guidelines to see if programs like SONYMA or local grants might fit.
Get a short list of what would move the needle for you—credit score, debts, savings, or price range.
What These Programs May Help With
Not every borrower or property will qualify, and details depend on your income, credit, and the home you’re buying. But in New York, some first-time buyer and assistance programs are designed to go further than a standard loan for eligible buyers.
Rate relief in some cases – certain programs offer reduced interest rates compared with standard options for eligible buyers.
More flexible guidelines for credit and income – some programs look at limited history, past late payments, or non-traditional income differently than many standard loans.
Help with upfront costs – selected programs may provide assistance toward down payment or closing costs, or allow gifts of equity in approved situations.
A licensed mortgage professional can explain whether any of these options may be relevant for you.
See If Your Budget Fits
New York Home Prices
Get a realistic price range, payment estimate, and rough cash-to-close.
See If NY Programs
Like SONYMA Could Fit
Check your info against New York first-time buyer and assistance programs.
Talk It Through With a Licensed New York Pro
A licensed mortgage pro reviews your numbers and walks you through options.
"I’d been renting in Queens for years and assumed buying here was out of reach. On the call, we walked through my income, debts, and what I actually had saved. Seeing the numbers laid out—and learning I didn’t need 20% down—changed everything. I left with a clear plan and a realistic price range instead of just guessing."
“I kept hearing about ‘first-time buyer programs’ but had no idea if any of them applied to me. They helped me compare a few options for New York and showed me what my payment and cash-to-close could look like with and without assistance. Every situation is different, but for me it turned a vague idea into a concrete timeline.”
Results vary and are not guaranteed. This information is for educational purposes only and does not constitute financial, tax, or legal advice. Advanced Home Loan is a marketing and education brand serving New York homebuyers and does not originate, broker, or fund mortgage loans; financing is provided exclusively by licensed mortgage professionals. Program terms, availability, and eligibility are subject to change without notice. Lifestyle images are for illustration only and do not depict actual clients.