I strongly suggest looking into conventional financing with either Fannie Mae or Freddie Mac. Both offer between 3% to 5% down payment programs. Through these programs you'll also be able to enjoy far less expensive mortgage insurance premiums and or lender paid insurance premiums. These loans also have less restrictions when it comes to purchasing condominiums or planned urban developments that have associations. Now unfortunately I do not service NY but I will be more than happy to answer any other questions you may have and or offer some unbiased guidance. Best of luck with your new purchase.