First-Time Buyer Grant Calculator NYC
🏦 First-Time Buyer Grant Calculator NYC
Find out which NYC down payment assistance programs and grants you qualify for — and exactly how much free money you could receive toward your first home.
Your Profile
Combined gross income of all buyers on the loan
Buyer Status
Most programs define “first-time” as not owning in the past 3 years
Total Potential Assistance You May Qualify For
$0
Based on your profile and income
Your Program Results
📋 Important: Grant availability changes frequently. Most programs require: (1) completion of a HUD-approved homebuyer education course, (2) use of a participating lender, (3) income verification, (4) the property must be your primary residence. Amounts shown are maximums — actual awards vary.
Ready to Apply for These Programs?
I work with buyers using every major NYC grant and assistance program. Let me walk you through the eligibility requirements and connect you with approved lenders.
NYC Down Payment Assistance Programs at a Glance
| Program | Max Award | Income Limit (2-person) | Repayment |
|---|---|---|---|
| HomeFirst (HPD) | $100,000 | 80% AMI (~$98K) | Forgiven after 10 yrs |
| HDP® (FHLBNY) | $30,000 | 80% AMI | Grant (no repay) |
| SONYMA DPAL | $15,000 | Varies by county | Forgiven after 10 yrs |
| SONYMA Low Interest | Below-mkt rate | Richmond Co.: ~$147K | 30-yr mortgage |
| VA Home Loan | $0 Down | No income limit | No PMI benefit |