NeighborWorks Community Partners Down Payment & Closing Cost Assistance

NeighborWorks Community Partners Down Payment & Closing Cost Assistance is a deferred second loan for homebuyers in Rochester, New York, administered by NeighborWorks Community Partners (NCP). NeighborWorks Community Partners (NCP), a HUD-certified CDFI nonprofit serving Western New York (Buffalo, Rochester, Niagara Falls), provides Down Payment and Closing Cost Assistance of up to $20,000 (sometimes more/less based on need). Depending on location and household income, assistance is structured as no- or low-interest, no-payment deferred conditional loans, and in some cases grants. Pairs with NCP's Comprehensive Homeownership Program. Up to $20,000 flexible help. Deferred no-payment loans (sometimes grants). Pairs with One Stop Financing (no MI, up to 105% CLTV). 24/7 call center. Funding comes from Federal (HOME/CDBG), NeighborWorks America, and other program funds.

NeighborWorks Community Partners Down Payment & Closing Cost Assistance offers up to $20,000 in assistance. The program can be combined with NCP Comprehensive Homeownership Program (fixed-rate first mortgages up to 105% CLTV, no MI, closing guarantee). Amounts are the program's published maximums, not an offer — NeighborWorks Community Partners (NCP) determines any individual award.

NeighborWorks Community Partners Down Payment & Closing Cost Assistance is deferred, so no payments are due until the home is sold, refinanced, or the first mortgage is paid off. Repayment is triggered by Deferred, no-payment conditional loan; conditions/forgiveness vary by funding source (some grants). The assistance is recorded in Subordinate position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

NeighborWorks Community Partners Down Payment & Closing Cost Assistance is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. A homebuyer education course is required, through NeighborWorks Community Partners - free Intro to Homebuying Orientation and 8-hour Home Buyer Education; HUD-certified counselors. Residency requirement: Serves Western New York (Buffalo, Rochester, Niagara Falls); amount/terms depend on location. Begins with a free Intro to Homebuying Orientation; HUD-certified counseling and education required; assistance tailored to need and funding availability.

NeighborWorks Community Partners Down Payment & Closing Cost Assistance sets its income limit as follows: Eligibility for no-interest deferred conditional loans (or grants) depends on location and household income; limits vary by funding source and locality (Buffalo, Rochester, Niagara Falls, WNY). The limit applies to total household income, not only the borrower’s. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

NeighborWorks Community Partners Down Payment & Closing Cost Assistance can be used for Single Family and 2-4 Unit.

NeighborWorks Community Partners Down Payment & Closing Cost Assistance serves homebuyers purchasing in Rochester, New York.

Applications for NeighborWorks Community Partners Down Payment & Closing Cost Assistance go through NeighborWorks Community Partners (NCP), which publishes the current terms and the application steps on its own site. Funds are reserved through Call center intake; begins with Intro to Homebuying Orientation; subject to availability. 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.