Both programs are outlined with this web web web page as they are built to support you in finding the true house you’ve constantly desired at a repayment you really can afford.
SONYMA provides optional advance payment help with all home loan programs and all sorts of programs could be coupled with other funds and subsidies.
Reaching the fantasy
Our cheapest rate of interest system, Achieving the Dream was created to maximize the quantity you’ll pay for with just minimal advance payment required.
Reaching the Dream Qualities and Benefits
- 30-year rate mortgage that is fixed
- No points
- Advance payment requirement as little as 3% (and 3% advance payment help available)
- Minimal money contribution 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 troubled sales
- Is coupled with other SONYMA features that are special
- Other funds and subsidies may be incorporated with no restriction
Available Loan Options and Improvements
Attaining the Dream additionally works together with other SONYMA programs to help those that need help with down re payments, home repairs, and renovating. Continue reading “SONYMA has two main home loan programs, attaining the Dream and low-value interest.”