SONYMA has two mortgage that is primary, attaining the Dream and low-value interest

SONYMA has two mortgage that is primary, attaining the Dream and low-value interest

Both programs are outlined about this web web page as they are made to support you in finding the true house you’ve always desired at a repayment you’ll pay for.

SONYMA provides optional deposit help with all home loan programs and all sorts of scheduled programs could be coupled with other funds and subsidies.

Reaching the fantasy

Our interest rate program that is lowest, attaining the Dream is made to optimize the total amount you really can afford with just minimal advance payment required.

Reaching the Dream Qualities and Benefits

  • 30-year fixed price home loan
  • No points
  • Advance payment requirement only 3% (and 3% deposit help available)
  • Minimal money share of just one% (3% for co-ops)
  • Readily available for 1-4 family members houses, cooperatives and condominiums
  • No prepayment charges
  • 120-day rate of interest hair for current housing
  • 240-day rate of interest hair for properties under construction or rehabilitation, cooperatives or sales that are distressed
  • May be coupled with other SONYMA unique features
  • Other funds and subsidies may be incorporated with no restriction

Interest Levels

Available Loan Options and Improvements

Attaining the Dream additionally works online payday UT together other SONYMA programs to help those that need assistance with down re re payments, home repairs, and renovating.

Find out more about advance payment support in reducing your costs that are upfront.

Find out more about just how to buy the remodeling or fixing your home you’re purchasing.

Learn how buying a home that is vacant certain specific areas could qualify you for extra funds for repairs and renovating.


Individual Needs
  • You really must be a first-time customer (unless you will be an eligible army veteran or buying a house in a Target Area)
  • You’ll need good credit, stable employment, together with capability to make mortgage repayments while nevertheless fulfilling previous debt burden
  • You have to occupy the home as the main residence
  • You’ll need either 1 or 3percent associated with the price (according to which kind of home purchasing that is you’re in verifiable money, cost savings or any other assets
  • Regional income limitations apply and differ by county
Home Demands