You may also qualify for HDFC coops. Contact me for more info.
To qualify for the loan, a prospective homebuyer must meet all of the following criteria:
Be a first-time homebuyer
Complete a homebuyer education course taught by an HPD-approved counseling agency
Have his/her own savings to contribute to the down payment or closing costs
Meet program income eligibility requirements ($65,450 is the maximum household income for a family of four. Maximum annual income varies depending on family size). Click here for details about family composition and income limits
Purchase a 1-4 family home, a condominium, or a cooperative for owner-occupancy in one of the five boroughs of New York City
The home purchased must pass Housing Quality Standards (HQS) inspection before Purchase
Live in the home purchased for at least 10 years
You may also wish to take HPDâ€™s informative e-learning course, First-time Property Buyers, online at: https://partner.hpdnyc.org/whalecom91b91cefd0e02442d748c87a2 This course is a solid first step in understanding the home buying process; however, please note that it does not qualify as a required course under the Homefirst Down Payment Assistance program.
To take the first step toward purchasing a home through the HomeFirst Down Payment Assistance Program, contact any one of the following HPD-approved counseling agencies:
I hope you find this helpful.
Kian Realty NYC
phone 347 528 5573.