Forgivable loan
BCNI Homebuyer Assistance Program (Montgomery County)
First-time homebuyers · Income limits · Single Family · 2-4 Unit
Down payment assistance · Montgomery County
Buying a home in Amsterdam, NY
1 Amsterdam program and 3 statewide.Amsterdam has 1 program of its own, and 3 statewide. Here is what each one offers, what the local market looks like, and who near you can walk you through it.
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Only for Amsterdam addresses
Amsterdam’s own program
The Amsterdam marketThe Amsterdam housing market
Kinds of homes hereWhat’s for sale here, and what the programs accept
Kinds of homes in Amsterdam
- 37.4% single-familysingle-family
- 2.6% townhousetownhouse
- 50.8% 2–4 units2–4 units
- 9% 5+ unitscondo & apartment buildings (5+ units)
- 0.1% mobile & othermobile home & other
About condos. Amsterdam’s one local program does not list condos as eligible. BCNI Homebuyer Assistance Program (Montgomery County) lists single family and 2-4 unit.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25024.
When Amsterdam’s homes were built
pre-19401970s2020+
91.8%
of Amsterdam homes were built before 1980. Pre-1978 homes come with a federal lead-paint disclosure.of homes were built before 1980. A home built before 1978 comes with a federal lead-paint disclosure, and some programs require an inspection.
U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Table B25034.
$95,500
County area median income, 4 people (HUD)HUD area median income, Montgomery County, 4-person household (2026)
$56,178
Amsterdam median household incomeMedian household income in Amsterdam (Census, 2024)
10 of the 66 programs here set their income limit as a share of Montgomery County’s area median income, adjusted for household size. See the published limits for Montgomery County
Free help nearbyFree help near Amsterdam
Free help from a HUD-approved housing counselorFree help from a HUD-approved housing counselor
Amsterdam’s program asks for a homebuyer class first. Create a free account to see who’s near you and pick one.BCNI Homebuyer Assistance Program (Montgomery County) asks for a homebuyer class. A HUD-approved counselor teaches it and can walk you through your options. Create a free account to see who’s near you and pick one.
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Across New York and nationwide
65 statewide & federal programs3 statewide programs, plus federal options
Amsterdam questions
Does Amsterdam have its own down payment program?
Yes, one: BCNI Homebuyer Assistance Program (Montgomery County), a forgivable loan for first-time homebuyers (forgiven over 5 yrs, income limits). It is for homes inside Amsterdam.
Can I use assistance on a condo in Amsterdam?
Amsterdam’s one local program does not list condos as eligible. BCNI Homebuyer Assistance Program (Montgomery County) lists single family and 2-4 unit. Each program’s page lists the kinds of homes it accepts, and the agency confirms it for the home you choose.
What is the income limit in Montgomery County?
Each program sets its own. 10 of the programs here set theirs as a share of HUD’s area median income for Montgomery County, adjusted for household size. HUD publishes the median each year; the 2026 figure is shown above and on the published limits page.
Where can I take a homebuyer class near Amsterdam?
HUD-approved housing counseling agencies teach homebuyer classes. Create a free account and take the 90-second match to see the ones near you.
ZIP codes
12010
Nearby in Montgomery
Sources
Sources: agency sites (July–September 2026), Census ACS 2024 5-year, HUD FY2026, HUD counseling list. Hey Prescott is not a lender.Programs: Hey Prescott catalog of 2,000+ programs, each verified with its agency (July–September 2026). Market: U.S. Census Bureau, American Community Survey 2024 5-year (2020–2024). Income: HUD FY2026 income limits. Counselors: HUD list of approved housing counseling agencies. Hey Prescott is not a lender.