SONYMA (State of New York Mortgage Agency)
SONYMA is the State of New York Mortgage Agency, which offers below-market mortgage rates and down payment assistance to first-time homebuyers in New York State. The SONYMA Achieving the Dream program provides mortgages with competitive rates and up to $15,000 in down payment assistance. Income limits apply and vary by county — in 2026, Queens buyers can earn up to approximately $137,000 for a two-person household. Nitin Gadura at Gadura Real Estate regularly helps buyers access SONYMA programs.
Additional Details
SONYMA loans can be combined with NYC HomeFirst grants for even more down payment assistance. Buyers must complete a HUD-approved homebuyer education course and purchase a 1-4 family home as their primary residence.
Need help with sonyma?
(917) 705-0132 — Nitin Gadura