Homebuyer Dream Program

Eligible home buyers may receive up to $19,500 through participating financial institutions, amounts vary by lender. Funds may be used for down payment or closing costs. Eligibility requirements include:

• Complete a homebuyer counseling program

• Be a first-time buyer

• Meet household guidelines based on where you purchase

• Work a minimum of 32 hours a week

• Purchase a home in New York, New Jersey, Puerto Rico or the US Virgin Islands

• Purchase an eligible property: 1-4 family; condominiums; co-operatives; or a manufactured home permanently affixed to a foundation

• If you buy a 2+ unit property, the expected rental income will be added to your income to determine eligibility

• Have personal savings of $1,000

• Own and occupy the home for 5 years