Hear directly from a State of New York Mortgage Agency (SONYMA) representative regarding their mortgage programs.
SONYMA programs provide excellent benefits for First-Time Homebuyers including:
• Lower Overall Cost and Payments Compared to other Traditional First-Time Homebuyer Programs
• Down Payment Assistance
• Flexible Credit Options, under their Give Us Credit Program
• Rehabilitation Assistance to Purchase & Renovate Vacant Homes
• The Ability to Finance Additional Repairs into the Mortgage
SONYMA Programs are designed to work well with available Grants and Assistance that may be available in your community.
Additionally, hear from an experienced mortgage representative regarding:
• Grants for Downpayment Assistance and Closing Costs – where to look, how do they work and how to qualify?
• Including Summary of the Homebuyer Dream Program (HDP®) and Homebuyer Dream Program Plus (HDP® Plus)
Note: HDP® and HDP® Plus are offered by Emigrant Bank through limited funds made available by the Federal Home Loan Bank of New York.
The webinar covers the different mortgage stages including the process of obtaining a pre-approval, what to expect during the mortgage application and ultimately the final stages as the loan is getting ready to close; and lastly what to anticipate at the closing.
Speakers include Dilfia Munoz, AVP Business Development Officer State of NY Mortgage Agency (SONYMA), and Veronica Ferrero, Vice President & Community Lending Officer at Emigrant Mortgage.
