OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance)

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) is a grant for homebuyers in Oswego County, New York, administered by Oswego Housing Development Council, Inc. (OHDC). OHDC administers the NYS HCR Down Payment Assistance Program for Oswego County, providing grants to eligible first-time homebuyers for down payment, closing costs, and moderate rehabilitation of newly purchased homes. Up to $15,000 is available toward down payment. Applicants must be income-eligible (HUD FY2026 limits), purchasing in Oswego County, able to obtain a mortgage, and must complete OHDC's homebuyer education. The program operates a first-come, first-served waiting list. Up to $15,000 toward down payment (plus closing costs and sometimes moderate rehab). No fees for OHDC services. Can be combined with USDA mortgage programs. Funding comes from New York State Homes and Community Renewal (NYS HCR) Down Payment Assistance Program (DPA).

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) offers up to $15,000 in assistance. The program can be combined with USDA Rural Development mortgage programs. Amounts are the program's published maximums, not an offer — Oswego Housing Development Council, Inc. (OHDC) determines any individual award.

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) is structured as a grant, so it is not repaid. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) is open to first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time" has exceptions here: A person who has not owned a home in the past 3 years is considered a first-time homebuyer. On credit, the program states: Applicant must be able to qualify for a regular mortgage loan; credit history requested on application. A homebuyer education course is required, through Oswego Housing Development Council (OHDC) homebuyer education curriculum. Confirmed from OHDC website + application PDF: grant up to $15,000; HUD FY2026 income limits by household size; FTHB (3-yr rule); homebuyer education required; first-come waiting list (active, not closed); no single-wide manufactured homes.

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) limits household income to $82,800. 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.

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) can be used for Single Family. Manufactured homes are not eligible.

OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) serves homebuyers purchasing in Oswego County, New York.

Applications for OHDC First-Time Homebuyers Program (NYS HCR Down Payment Assistance) go through Oswego Housing Development Council, Inc. (OHDC), which publishes the current terms and the application steps on its own site. Funds are reserved through First-come, first-served waiting list. 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.