Freddie Mac offers the Home Possible Mortgage Program to help home buyers with limited resources afford mortgages. The Home Possible program enables home buyers to buy a home with a down payment as low as 3.0% of the property purchase price and no minimum borrower financial contribution. The Home Possible program is similar to Fannie Mae’s Home Ready Mortgage Program.
You are entitled to claim this credit if you:
rehabilitate a qualified historic home in New York State, or
purchase a rehabilitated qualified historic home in New York State.
The historic homeownership rehabilitation credit is equal to 20% of the qualified rehabilitation expenditures. The credit cannot exceed $50,000 per taxpayer per year.
The HomeFirst Down Payment Assistance Program provides qualified homebuyers with up to $40,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative in one of the five boroughs of New York City.
*Prospective Buyer must reside in home for at least 10 years.
HomeSite offer grants up to $3,000 to cover down payments and closing costs to qualified first time buyers purchasing a home in teh city of Auburn or Cayuga County, NY.
This program provides qualified home buyers with up to $40,000 or 6% of the purchase price of the home toward the down-payment or closing costs on a 1- to 4-family home, a condominium, or a cooperative in any of the five boroughs of New York City.
The HomeFirst Down Payment Assistance Program provides qualified homebuyers with up to $40,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative in one of the five boroughs of New York City.
