Chase Bank details New York First-Time homebuyer programs offering up to $100,000
Chase Bank, the banking giant, outlines new financial aid for New York buyers.
The short version
- The HomeFirst program provides up to $100,000 for down payments.
- Rochester offers grants up to $8,000 for closing costs.
Imagine unlocking the door to your new home in New York with financial support you may not have known existed. Chase Bank, the banking giant, outlines new financial aid for New York buyers across the state. From statewide grants to city-specific assistance, First-Time homebuyers have access to programs that reduce upfront expenses.
Eligible buyers in New York may receive help with down payments, closing costs, or mortgage financing. The State of New York Mortgage Agency offers mortgage and assistance programs for eligible residents. Program requirements and financial limits differ based on household size, income, property type, and location.
Because income limits vary across New York, buyers should review current guidelines for their county before applying. Someone buying a home in New York City or on Long Island may face different limits than a buyer purchasing in Rochester. The HomeFirst Down Payment Assistance Program provides qualifying First-Time homebuyers with up to $100,000 toward a down payment or closing costs.
Assistance may be used to purchase an eligible single or multi-family home, condo, or cooperative in New York City's five boroughs, including Brooklyn. This assistance is structured as a forgivable loan, and buyers must satisfy occupancy requirements to avoid repayment. The Rochester home purchase assistance program provides grants of up to $8,000 to help cover down payment or closing costs.
Westchester County also lists savings-based assistance options for participants who deposit money into dedicated accounts. Speak with an approved lender or housing counselor to confirm your eligibility and current funding availability.
