SONYMA Low Interest Rate Mortgage

State of New York Mortgage Agency (SONYMA)

Available Home Repair

About This Program

SONYMA Low Interest Rate Mortgage is available to renters in Buffalo, NY.

SONYMA offers first-time buyers below-market 30-year fixed rate mortgages through participating lenders. Achieving the Dream: lowest rates for LMI buyers. Down Payment Assistance Loan (DPAL): 0% second mortgage for down payment and closing costs. Income limits apply by region. Step toward homeownership in Buffalo’s affordable market.

First-time buyer, income limits vary by region

Official source site checked live on 2026-06-22.

Data last verified 2026-04-01. How we verify our data.

In Buffalo, NY, you can combine this program with other local help to cut your cost:

Key Details

  • Achieving the Dream: lowest rates for LMI first-time buyers
  • Down Payment Assistance Loan (DPAL): 0% second mortgage
  • 30-year fixed rate through participating lenders
  • Income and purchase price limits apply by area
  • Call 1-800-382-4663 for participating lender referral

How to Apply

Get free help applying Visit Official Program Page Track this program

1-800-382-4663

A grant-savvy contractor in Buffalo, NY can handle the paperwork, inspections, and timelines so your funding releases on schedule. Getting matched is free.

You will likely need a contractor to apply

Projects like this almost always need a licensed contractor, and many grants ask for a written estimate as part of your application. Lining up a contractor in Buffalo early keeps your application moving.

Get matched with a contractor

Each program sets its own contractor rules. Check the official program page for exact requirements.

Your application paperwork

Documents you will likely need

  • Proof you own and live in the home (deed, recent mortgage statement, or property tax bill).
  • A government-issued photo ID for every owner on title.
  • A written estimate from a licensed contractor for the work (many programs require this to apply).
  • Photos of the problem area or the work to be done.
  • The program's own application form, completed (use the official link or phone number on this page).
Download this checklist (PDF)

Requirements vary by program and locality. Confirm the exact rules on the official program page. We can help you prepare your paperwork, but you submit it yourself.

Deadline: Year-round through participating lenders

Questions about this program?

Ask us. It is free, and a real person answers within a business day.

Email us about this program

Frequently asked questions

Who qualifies for SONYMA Low Interest Rate Mortgage in Buffalo?

SONYMA Low Interest Rate Mortgage is open to renters in Buffalo, NY. It has no income limit.

How do I apply for SONYMA Low Interest Rate Mortgage in Buffalo, NY?

Apply directly with State of New York Mortgage Agency (SONYMA) using the official program link on this page or call 1-800-382-4663. There is no middleman and no fee.

Need a Contractor for This Grant?

Grant-approved contractors understand the documentation, inspections, and timelines, so your funding releases on schedule.

Get matched with a pro, free Browse Buffalo, NY contractors

Find More Programs in Buffalo, NY

This is just one of many grants, rebates, and free programs available. Stack them together to maximize your savings.

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