12/22/2025
Who's ready to buy a home in the New Year?
The Federal Home Loan Bank of New York's (FHLBNY) Grant programs will be coming out the first week of February. Receive up to $14,500 to fund your down payment and/or closing costs and get up to $500 towards a homeownership counseling program.
To qualify:
Individual must be a first-time homebuyer as defined by the U.S. Department of Housing and Urban Development
Total household income must be at or below 80% of the Area Median Income for the county where purchase takes place
Have an executed purchase and sales contract prior to the funding reservation request.
Have a minimum of $1,000 equity contribution toward the purchase of the home.
Homebuyer must complete a homeownership counseling program prior to the funding reservation request.
Homebuyer must commit to 5-year retention period.
FHLBNY determines the qualifications for this program. Mortgage loan is subject to additional underwriting guidelines and credit approval.
Call me today for more information. You must have a executed purchase and sales contract prior to the funding reservation request. So let start planing now before the funds run out.
Marshall
Marshall C. McMurray
Broker/Owner
MCM REALTY
Five South College Drive
Suite 203
Binghamton, NY 13905
NYS Certified Minority Owned (MBE)
Lic. RE , NY, PA, MD
607-761-4923
[email protected]
"Building Wealth With Real Estate"
MCM REALTY