FIRST-TIME HOMEBUYERS

Congratulations for taking the first step towards successful homeownership by visiting our website! Our First Time Homebuyer Program will prepare you for the responsibilities of homeownership, empower you to make smart decisions throughout the home buying process, and connect you to the most affordable mortgage products, including any down payment and/or closing cost assistance programs for which you may qualify. The First-Time Homebuyer Program includes classroom or online education and one-on-one counseling. NHS is certified by HUD and NeighborWorks America.

To get started now, take the online orientation, complete the quiz at the end of the orientation, please download and complete the intake form below and submit it to the Bronx NHS along with the required documents listed. If you are not sure if you are ready to begin the home buying process or want to learn more about our programs, attend one of our free First Time Homebuyer orientations.

You may also want to begin the process of browsing properties of interest to you by visiting https://propertyshark.com

WHAT RESOURCES DOES THE HOMEOWNDERSHIP CENTER OFFER TO FIRST-TIME HOMEBUYERS?

Individual Mortgage Readiness Analysis

You are eligible to receive an in-depth mortgage readiness assessment from one of our certified housing counselor. They will review your income, credit, budget and savings, and set you on the path to homeownership. If you are ready, ask if you qualify for grants to assist you.

Homebuyer Dream Program: The Homebuyer Dream Program is offered by local lenders through the Federal Home Loan Bank of New York. Grants up to $15,000 for down payment and closing costs.

Homebuyer Education: Creating knowledgeable homebuyers is our goal. Through our education program, we will walk you through the entire homebuying process. You will also benefit from meeting experienced professionals such as attorneys, lenders, home inspectors, realtors, and others who will share their local market perspectives. For your convenience, Bronx NHS offers both

Grants for First-Time Homebuyers: Bronx NHS successfully works with local municipalities and lenders to attain funding to assist low-to-moderate-income, first-time buyers with their home purchases. Qualifications for assistance vary depending on funding sources. You will learn more details at our workshop, where our counselors will explain current funding opportunities. Funding can be used for down payment, closing costs and/or post-closing repairs to the home.

Section 8 to Home Ownership: Section 8 to Home Ownership provides a wonderful opportunity for families receiving Housing Choice Voucher Program (Section 8) rental assistance to create roots in the community, create pride, and have a safe place for their children. Contact your HCV Specialist to see if you are eligible to apply.

Mortgage Loan Programs: Bronx NHS offers a variety of loan products in partnership with key mortgage lenders. Including but not limited to SONYMA.

SONYMA National Rehabilitation Program (NRP) for Homebuyers purchasing homes in Ulster County and Orange County in need of repair
We’re connecting homebuyers with SONYMA’s Neighborhood Revitalization Program , a package of incentives to help owner‐occupant homebuyers purchase and renovate vacant homes in Kingston, Middletown and Newburgh.

We’re connecting homebuyers with SONYMA’s Neighborhood Revitalization Program , a package of incentives to help owner‐occupant homebuyers purchase and renovate vacant homes in Kingston, Middletown and Newburgh.

Program Features Include:

  • Up to $20,000 cash assistance to renovate a home that you purchase
  •  Access to financing additional improvements into your purchase mortgage for post-closing rehab
  •  NRP can be combined with other grants and assistance programs thereby maximizing your ability to make your new home safe, secure and energy-efficient
  •  SONYMA mortgages of 30 years, low interest, no “Borrower Points,” down payment assistance arranged through select banks (M&T Bank , Citi Bank, Wells Fargo, Freedom Mortgage)

Eligible Properties:

  • Vacant properties in designated areas capable of housing 1 to 4 families
  • Seller must be able to pass a clean title to the purchaser

Eligible Applicants:

  • Applicant must occupy the property as the primary residence
  • Eligibility is determined by income limits up to 125% of Area Median Income (which varies by county) or 150% on a case‐by‐case basis
  •  Good credit, stable employment and ability to make monthly mortgage payments

We’re ready to assist you with the purchase of a vacant home* located one of the eligible communities of the Bronx. For assistance email Kisha Montesionos at (link to Kisha email) or call 718.881.1180.

*Vacant simply means no one is living at the address. The property does not have to be abandoned to qualify.

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