Brookhaven HOME Down Payment Assistance Program

Brookhaven HOME Down Payment Assistance Program is a forgivable loan for homebuyers in Brookhaven, New York. The Town of Brookhaven HOME Down Payment Assistance Program provides eligible first-time homebuyers with up to $50,000 in zero-interest deferred-payment down payment and closing-cost assistance toward the purchase of a new or existing single-family home within the Town of Brookhaven (Suffolk County). Administered by the Long Island Housing Partnership (LIHP) under contract with the Town of Brookhaven, the program is funded through HUD HOME federal funds passed through the Town. Grant recipients must occupy the home as principal residence for a minimum of 10 years (15 years for higher tiers); during the affordability period, the loan is forgiven so long as compliance is maintained. Annual monitoring affidavits are mailed to recipients. Funds are first-come, first-served until exhausted. Maximum purchase price $551,000 reflects the Long Island market. Up to $50,000 in zero-interest deferred-payment HOME down payment / closing-cost assistance toward the purchase of an eligible new or existing single-family home in the Town of Brookhaven. Funds are essentially a deferred-payment, non-interest-bearing forgivable loan that is forgiven if the buyer remains in the home as principal residence for the 10-15 year affordability period. Maximum eligible purchase price $551,000 (reflective of Suffolk County / Long Island market). Funding comes from HOME, Federal, and Local Government.

Brookhaven HOME Down Payment Assistance Program is forgiven after 10 years, so a homebuyer who stays that long does not repay it. Repayment is triggered by Zero-interest deferred-payment forgivable loan and no payments due unless the home is sold, transferred, refinanced with cash-out, or no longer occupied as primary residence during the 10-15-year affordability period - in which case the unforgiven balance is repaid in full to the Town of Brookhaven. After the affordability period, no further obligation. The assistance is recorded in 2 position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Brookhaven HOME Down Payment Assistance Program is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: Must not have owned any residential real estate in the previous 3 years (HUD HOME first-time homebuyer definition). On credit, the program states: Minimum 580 FICO; buyer must qualify for a first mortgage with adequate financial resources. A homebuyer education course is required, through Long Island Housing Partnership (LIHP) - HUD-approved housing counseling agency; HUD-approved homebuyer education / pre-purchase counseling required prior to closing. Residency requirement: Property must be located within the Town of Brookhaven (Suffolk County), NY, and be the buyer's primary residence for the 10-15-year affordability period; cannot be used as rental property. Citizenship or immigration status: U.S. citizen or eligible non-citizen permitted by underlying first-mortgage product and HUD HOME rules. Property must be an eligible new or existing single-family home located within the Town of Brookhaven (Suffolk County). Buyer must be a first-time homebuyer (no ownership of residential real estate in previous 3 years). Maximum eligible purchase price $551,000 (HUD HOME 95% rule for Suffolk). Household income limits: 1-person approximately $92,350 up to 8-person $174,150 (80% HUD AMI for Nassau-Suffolk MSA, varies by household size). Minimum 580 FICO; buyer must qualify for a first mortgage with adequate financial resources. Buyer must occupy the home as primary residence for 10 years (HUD HOME affordability period; some grant tiers extend to 15 years). Annual monitoring affidavit mailed to grant recipient; failure to comply triggers full repayment. Buyer cannot use property as rental or for any non-owner-occupied purpose. Funds are available first-come, first-served until exhausted. Additional layered funding from New York State Affordable Housing Corporation (AHC) may be available for qualified buyers.

Brookhaven HOME Down Payment Assistance Program limits household income to 80% of the area median income, which varies by county and household size. Household income must be at or below 80% HUD Area Median Income for the Nassau-Suffolk HUD Metro FMR Area. 2025 80% AMI limits range approximately: 1-person $92,350; 2-person $105,550; 3-person $118,750; 4-person $131,900; 5-person $142,500; 6-person $153,050; 7-person $163,600; 8-person $174,150. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Brookhaven HOME Down Payment Assistance Program caps the purchase price at $551,000. Eligible property types include Single-family detached, Condominium, and Townhouse. New construction is eligible. Manufactured homes are not eligible.

Brookhaven HOME Down Payment Assistance Program serves homebuyers purchasing in Brookhaven, New York.

Applications for Brookhaven HOME Down Payment Assistance Program go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served through the Long Island Housing Partnership (LIHP) until funding is exhausted. Applicants apply via LIHP's online portal at lihp.tfaforms.net/5103385 after completing intake and homebuyer education. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.