2020 Homebuyer Dream Program™
Make your dream of homeownership come true with this amazing opportunity!
We’re excited to partner with the Federal Home Loan Bank in offering down payment and closing cost assistance of up to $14,500 to qualified homebuyers! The Homebuyer Dream Program™ is a grant that makes funds available to first-time homebuyers earning at or below 80% of the Area Median Income.
If you haven’t been able to save for a down payment or don’t have enough set aside to purchase the home of your dreams, this is the perfect opportunity for you! The first round of the Homebuyer Dream Program will be open in June 2020. There will be at least four offerings throughout the spring and summer.
Requirements and preparation tips:
- Homebuyers must have a fully executed Purchase and Sales Agreement in hand prior to requesting a reservation.
- Interested applicants must complete a homeownership counseling course and receive their certificate.
- The required minimum equity contribution towards the purchase of a home is $1,000.
- Homebuyers must remain in the home for five years or repay a portion of the grant funds back.
Interested in learning more about the program?
We encourage all first-time homebuyers looking to purchase in New York to stop in and meet with one of our experienced mortgage officers to discuss the requirements of the Homebuyer Dream Program™ to see if you qualify for assistance.
SeaComm is proud to be an approved community-based member-lender for the Homebuyer Dream Program™
Don't wait around to take advantage of this offer, as it won't last forever and funds are limited.
This is on a first come, first served basis.