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

Annual Household Income

Combined gross income of all buyers on the loan

Household Size

Target Borough

Estimated Home Purchase Price

Buyer Status

Have you owned a home in the last 3 years?

Most programs define “first-time” as not owning in the past 3 years

Are you a U.S. Citizen or Permanent Resident?

Military / Veteran Status

Completed Homebuyer Education?

Total Potential Assistance You May Qualify For

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.

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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

Are You a Veteran? VA Loans Change This Math

If you’ve served, the VA home loan eligibility on Staten Island changes the down payment and PMI inputs in this calculator dramatically. VA loans allow 0% down, no PMI, and 2026 Richmond County loan limits of $1,089,300 — which covers the full Staten Island median home price. Read the full VA Home Loans Staten Island 2026 Guide before you run your numbers, or compare paths with the best agent for veterans buying on Staten Island writeup.