DPAL PLUS 2026

DPAL PLUS 2026 is sponsored by State of New York Mortgage Agency (SONYMA). DPAL PLUS 2026 is an enhanced down payment assistance loan designed to help low-income New Yorkers achieve homeownership. It can be used for down payment, closing costs, and single-premium mortgage insurance until the purchase money mortgage amount is 80% LTV.

SONYMA Mortgage Loans | Genesee Regional Bank | GRB Professional Practice Banking Specialized Banking Services Commercial Real Estate Financing Solutions Smart Start Youth Bank Accounts Relationship Banking Team Mortgage Update With Mike & Joe The State of New York Mortgage Agency (SONYMA) offers low interest mortgage loans and programs to help qualified buyers purchase their first home.

Achieve Homeownership With GRB is proud to be an approved SONYMA lender, assisting first-time homebuyers throughout Central and Western New York. The State of New York Mortgage Agency (SONYMA) offers low interest mortgage loans and programs to help qualified buyers purchase their first home. SONYMA provides access to affordable homeownership by removing many of the hurdles faced by first-time homebuyers.

Additionally, SONYMA mortgage programs can be combined with other SONYMA special features, as well as other grants and subsidies. If you’re a first-time homebuyer looking for additional assistance, contact our GRB Mortgage Team today for more information or to get pre-qualified. Choosing a SONYMA mortgage program offers many benefits to homebuyers, including: Low down payments…with down payment assistance available!

Can be combined with other grants and subsidies GRB also participates in the SONYMA Homes for Veterans program. If you or someone you know is a veteran looking to purchase a home, visit the Homes for Veterans program page to learn more: SONYMA Homes For Veterans Achieving the Dream & Low Interest Rate SONYMA offers two primary mortgage programs, Achieving the Dream and Low Interest Rate .

Both programs are designed to help you find the home you’ve always wanted at a payment you can afford. See additional program details below: Achieving the Dream is the lowest rate program offered by SONYMA, designed to maximize the amount you can afford with minimal down payment required. SONYMA’s low interest rate program offers lower down payment requirements and competitive interest rates to qualified buyers.

This program allows for the purchase of 1-4 family homes, condominiums, cooperatives, and manufactured homes. Down Payment & Closing Cost Assistance (DPAL Plus) SONYMA Boosts Help for Low-Income Borrowers with up to $30,000 in Down Payment and Closing Cost Assistance with SONYMA DPAL PLUS 2026 ROUND NOW AVAILABLE – CONTACT A GRB LOAN ORIGINATOR TODAY!

Accruing enough assets to close on a new home is one of the largest barriers to homeownership. To address that need, SONYMA is offering a limited, enhanced down payment assistance loan, called DPAL PLUS. This subsidy is designed to help low-income New Yorkers achieve their homeownership dream.

DPAL PLUS provides forgivable loans of up to $30,000 for qualified buyers to assist with down payment, closing costs or single premium private mortgage insurance. Borrowers must be first-time homebuyers, a U.S. military veteran or be purchasing a home in a federally designated targeted area. Owner-occupied only, but eligible properties do include those with 1-4 families.

Homebuyer education completion required prior to loan approval. DPAL PLUS loans are forgiven in equal monthly installments over the first 10 years (120 months) of borrower occupancy. Balance subject to recapture.

Funds will be offered on a first-come, first-served basis to those who are eligible. When funds are depleted, the program will end. Contact us today for more information!

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