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Homebuyer Dream Program™

Homebuyer Dream Program – Coming Soon!

The Homebuyer Dream Program is a new first-time homeowner grant program expected to arrive summer 2019. Program details coming soon.

Exciting Changes Coming for New York First-Time Homebuyers

Earlier this year, the Federal Home Loan Bank of New York (which supports mortgage-lending efforts for New York State lenders) announced changes to New York’s first-time homebuyer program. These changes include an increase in grant funds up to $15,000 per household. $14,500 of these funds can be used for down payment and closing cost assistance, with an additional $500 that can be used toward the payment of required homeownership counseling costs.

The new Homebuyer Dream Program is expected to be available summer 2019. Many prospective homebuyers have asked what this change means for them. Here’s a quick rundown on what to expect and some additional insights from Tina Lookup, ESL Manager, Mortgage Lending.