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New York program

SONYMA Conventional Plus Program and FHA Plus Program

New York route through State of New York Mortgage Agency (SONYMA). This page stays free for the core public facts. Open paid access only when you need the full state board, related paths, and the decision layer around this program.

30-year fixed mortgage family with DPAL Forgivable if occupancy holds 2026-04-23
Agency State of New York Mortgage Agency (SONYMA)
Support type 30-year fixed mortgage family with DPAL
Amount highlight Current SONYMA materials describe the Plus family as 30-year fixed-rate mortgages paired with SONYMA down payment and closing-cost assistance. The current DPAL page publishes that assistance at $3,000 or 3% of the purchase price, up to $15,000, whichever is higher.
Last verified 2026-04-23

Use carefully

Keep FHA Plus and Conventional Plus grouped, but note different income treatment

This page stays public because the official structure is still useful, but these details should not be flattened into fake certainty.

The Plus family is live and detail-safe, but public wording should keep two things clear: Conventional Plus and FHA Plus share the DPAL structure, yet Conventional Plus has the explicit under-80%-AMI test shown on the public page while FHA Plus follows its own loan-type path.

Decision-ready public facts

What stays free on this program page

Quick answer from published facts. Use this first, then jump to Go to New York program hub if you need the wider state context.

Amount

Current SONYMA materials describe the Plus family as 30-year fixed-rate mortgages paired with SONYMA down payment and closing-cost assistance. The current DPAL page publishes that assistance at $3,000 or 3% of the purchase price, up to $15,000, whichever is higher.

Type

30-year fixed mortgage family with DPAL

Repayment

Standard first-mortgage repayment applies to the base Conventional Plus or FHA Plus mortgage. When the shared SONYMA down-payment-assistance loan is attached, current public materials describe a 0% loan with no monthly payments that is forgiven after 10 years, with a declining repayable share if the home is sold or refinanced during that period.

First-time buyer

Not required

Program guide

What to know before you click through

This is still the free fact layer. Open the official source when a detail affects eligibility, repayment, lender choice, or whether this path should stay on your shortlist.

Who qualifies?

New York first-time homebuyers and previous homeowners using a SONYMA participating lender, Owner-occupant buyers purchasing a primary home, Conventional Plus borrowers meeting the HomeReady income test below 80% AMI, Borrowers separately qualifying for the paired SONYMA down payment assistance structure

What support do you get?

Current SONYMA materials describe the Plus family as 30-year fixed-rate mortgages paired with SONYMA down payment and closing-cost assistance. The current DPAL page publishes that assistance at $3,000 or 3% of the purchase price, up to $15,000, whichever is higher.

Do you repay it?

Standard first-mortgage repayment applies to the base Conventional Plus or FHA Plus mortgage. When the shared SONYMA down-payment-assistance loan is attached, current public materials describe a 0% loan with no monthly payments that is forgiven after 10 years, with a declining repayable share if the home is sold or refinanced during that period.

How do you apply?

Work with a SONYMA participating lender, choose either Conventional Plus or FHA Plus for a primary-home purchase, confirm the current income and product-specific rules, and add the SONYMA down-payment-assistance loan only if the lender offers it and the borrower needs the extra funds.

Application timing

SONYMA says insurer and agency review add about one week to normal conventional-loan processing once the lender completes the loan package.

Official source evidence

Current SONYMA materials show Conventional Plus and FHA Plus remain the statewide 30-year fixed mortgage family for both first-time and returning homebuyers, with DPAL-based down-payment and closing-cost assistance layered on top rather than a separate stand-alone mortgage structure.

View official source

Last verified

2026-04-23

current SONYMA Plus-family, DPAL, and How to Apply pages verified 2026-04-23

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What paid access adds for SONYMA Conventional Plus Program and FHA Plus Program

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Comparison preview

SONYMA Conventional Plus Program and FHA Plus Program

Amount: Current SONYMA materials describe the Plus family as 30-year fixed-rate mortgages paired with SONYMA down payment and closing-cost assistance. The current DPAL page publishes that assistance at $3,000 or 3% of the purchase price, up to $15,000, whichever is higher.

Repayment: Standard first-mortgage repayment applies to the base Conventional Plus or FHA Plus mortgage. When the shared SONYMA down-payment-assistance loan is attached, current public materials describe a 0% loan with no monthly payments that is forgiven after 10 years, with a declining repayable share if the home is sold or refinanced during that period.

First-time buyer: Not required

Risk checks preview

What gets flagged before you call a lender

  • SONYMA Conventional Plus Program and FHA Plus Program requires a participating lender.
  • SONYMA Conventional Plus Program and FHA Plus Program must be paired with a specific first mortgage.

Lender questions preview

Questions tied to this exact path

  • Is your team approved to originate SONYMA Conventional Plus Program and FHA Plus Program for this household and loan setup?
  • Which first-mortgage product must be paired with SONYMA Conventional Plus Program and FHA Plus Program, and what breaks eligibility?

Action checklist preview

What you would do next

  • Review the official Conventional Plus Program and FHA Plus Program page for SONYMA Conventional Plus Program and FHA Plus Program
  • Ask whether your lender is approved for this exact program and loan structure.
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What paid research already covers in New York

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What unlocks after payment

Specific program names, source notes, current-vs-conditional judgments, and the next lender or agency questions tied to this state.

1 tracked

city and county programs

City and county down payment or closing-cost programs that never make it into the free statewide layer.

3 tracked

specialty and conditional paths

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