State of New York Mortgage Agency (SONYMA), a division of NYS Homes and Community Renewal (HCR)
Up to $15,000 toward a down payment in NY.
SONYMA's Down Payment Assistance Loan (DPAL) provides funds toward down payment and/or closing costs (including mortgage insurance premiums) for buyers using a SONYMA first-mortgage program. The DPAL is a 0% interest, no-monthly-payment second loan that is forgiven after 10 years.
Short reads on how it works, in plain language. Free, no sign-up needed to read.
Free course from Hey Prescott
A short, free course on SONYMA Down Payment Assistance Loan (DPAL): what it is, who it is for, how it is forgiven, where it applies and how to apply. Based on program data from July 2026. About ten minutes.
5 modules · About 10 minutes
Program details are sourced from public agency data and may change. Confirm eligibility with a Hey Prescott loan officer before applying.