Since 1970, The State of New York Mortgage Agency (SONYMA) has been providing financing and programs designed for first-time low and moderate income homebuyers in New York State.
SONYMA partners with approved participating mortgage lenders across the state to offer 30-year, competitive, fixed-rate mortgages with special features to help low and moderate income New Yorkers become homeowners. SONYMA mortgages are available to qualified buyers to purchase single-family homes, homes with two to four units, co-ops, and condominiums.
Better Community Neighborhoods Inc. is proud to announce that we have partnered with the State of New York Mortgage Agency in its Neighborhood Revitalization Program.
The Neighborhood Revitalization Program offers incentives to potential buyers who wish to purchase vacant properties in eligible communities. These communities were selected because they were hard hit by the foreclosure crisis, and have an extensive inventory of vacant homes. Owner occupant buyers will bring economic stability and growth to these neighborhoods and improve property values of the surrounding homes