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Community Development Long Island (CDLI) / CDLI Funding Corporation

CDLI Down Payment and Closing Cost Assistance Loan

Up to $75,000 toward a down payment in NY.

See if I qualify
Location
NY
Type
Second mortgage
Max assistance
$75,000
First-time buyer
Required
Property types
Single family, 2–4 unit (owner-occupied), Condo

A fixed low-interest-rate second loan for down payment and closing cost assistance, available to first-time homebuyers in Nassau and Suffolk Counties whose income is no greater than 120% AMI, primarily to help borrowers reach 20% down and avoid PMI. Loan amount up to $75,000; rate (4.0%/4.25%/4.5%) set by loan size. Combined LTV may not exceed 105%. Administered by CDLI Funding Corporation, a nonprofit CDFI.

Learn this program

Short reads on how it works, in plain language. Free, no sign-up needed to read.

Free course from Hey Prescott

CDLI Down Payment and Closing Cost Assistance Loan, explained

A short, free course on CDLI Down Payment and Closing Cost Assistance Loan: what it is, who it is for, when it is repaid, where it applies and how to apply. Based on program data from July 2026. About ten minutes.

5 modules · About 10 minutes

Read the course

Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.