hey prescott.
See what you qualify for

PathStone Enterprise Center Closing Cost Loan

The Enterprise Center at PathStone · Rochester, New York

Last verified
See what you qualify forOfficial program site →
Assistance

$2,000–$10,000

The maximum the program publishes — not an offer

Repayment

Repayable

Repaid on the terms set by The Enterprise Center at PathStone

What is PathStone Enterprise Center Closing Cost Loan?

PathStone Enterprise Center Closing Cost Loan is a repayable second loan for homebuyers in Rochester, New York, administered by The Enterprise Center at PathStone.

  • The Enterprise Center at PathStone, a CDFI affiliate of PathStone Corporation, offers a repayable Closing Cost Loan of $2,000-$10,000 to homebuyers in the Rochester/Finger Lakes region of New York who need to bridge a closing cost gap. The loan carries an interest rate matching the buyer's first mortgage rate, with a 1-5 year repayment term. Homebuyer education through a HUD-approved agency is required. The program is available without a stated income limit.
  • $2,000-$10,000 closing cost loan.
  • No stated income limit.
  • 1-5 year repayment term.
  • Interest rate matches first mortgage rate.
  • Bilingual staff support available.
  • Funding comes from PathStone Enterprise Center (CDFI lending; supported in part by federal, state, and local government grants).

How much assistance does it provide?

PathStone Enterprise Center Closing Cost Loan offers between $2,000 and $10,000 in assistance.

  • The program can be combined with other assistance, subject to the rules of each.
  • Amounts are the program's published maximums, not an offer — The Enterprise Center at PathStone determines any individual award.

Do you have to pay it back?

PathStone Enterprise Center Closing Cost Loan is a repayable second loan and is repaid under the terms set by The Enterprise Center at PathStone.

  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

PathStone Enterprise Center Closing Cost Loan is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • On credit: Credit report with 3 trade lines paid on time 12 months (or alternative credit sources); scores 680 or below trigger additional review
  • A completed homebuyer education course, through Any HUD-approved homebuyer education agency; PathStone online homebuyer education via eHomeAmerica
  • Residency: Property must be in Rochester/Finger Lakes region of New York State (Western NY)
  • DRAFT (dpa-gap-finder 2026-06-12): pending review. Homebuyer education certificate required; credit report must show 3 trade lines paid on time for 12+ months or alternative credit sources; federal tax returns and W-2s for past 2 years required; Verification of Employment; Purchase Offer required; bank commitment letter required. Unconfirmed: specific eligible counties and property-type restrictions; contact PathStone Enterprise Center.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

PathStone Enterprise Center Closing Cost Loan sets its income limit as follows: No stated income limit in published program materials (open to moderate-income buyers bridging a closing cost gap).

  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

PathStone Enterprise Center Closing Cost Loan can be used for Single Family.

Where does it apply?

PathStone Enterprise Center Closing Cost Loan serves buyers purchasing in Rochester, New York.

How do you apply?

Applications for PathStone Enterprise Center Closing Cost Loan go through The Enterprise Center at PathStone, which publishes the current terms and the application steps on its own site.

  1. Take a homebuyer education course

    Required by the program, through Any HUD-approved homebuyer education agency; PathStone online homebuyer education via eHomeAmerica.

  2. Contact The Enterprise Center at PathStone to reserve funds

    Funds are reserved through Contact loan officer to begin, and are subject to availability.

  3. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

Other programs in Rochester, New York

See every program in Rochester, New York →

90-second match

Not sure which you qualify for?

Answer 9 questions and we'll match you to every program you can actually use — in about 90 seconds. No SSN, no credit pull.

Find my programs