|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
Bank Of America
Community Commitment
(518) 447-4300 |
0% |
41/41 |
None in target areas, others $60,400 |
1-4 unit primary residence |
All Areas |
$200 Application Fee |
|
Notes:
$500 borrowers own funds. $2500 grant available/closing costs in target areas.
3% seller concessions allowed.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
Citizens Bank
FHA CRA Mortgage Paula Haberland 432-2250 |
3.5% |
33/43 |
Low or moderate income or moderate census tract |
1-4 Unit Primary Residence |
All Areas |
$375 application fee |
|
Notes:
Low income census tract reduce interest rate 1%. Moderate income
tract reduce interest rate 1/2%. 6% seller concession allowed |
|
|
|
|
|
|
|
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
TD Banknorth
Mortgage
My Community Mortgage
Bill Powell: (518) 439-4426 |
1 & 2 Family, None. |
Flexible |
No income limit |
1-4 Unit Primary Residence |
All |
Call |
Notes:
Rate
reduced by 0.5% if income is below $56,500
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
1st National Bank
of Scotia
Community Home
Buyer Program
Joyce Poulin:
(518) 370-7280 |
1 Unit = 0 down
2-4 Units = 3% Own Funds |
43% |
"Median" Income
(see chart) |
1-4 Unit Primary Residence |
1st National Service Area |
Call |
|
Notes:
30Yr. Fixed. Homebuyer Education req. Seller concessions allowed. Free
pre-approvals.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
First Niagara
First Home Club
Richard Norelli: 464-1100 X793 |
3%
($500 from borrower) |
Up to
38/41 |
"Moderate" Income
(see chart) |
1-4 Unit |
All Areas |
Call |
Notes:
Up to $7,5000 matching funds w/First Home Club* account (HomePride or SONYMA
loans).
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
HSBC
Community Works
Paul Hurley(518) 785-0300 |
3% total
|
45% |
None in target, otherwise $60,400
(1-4) |
1-4 Unit Primary Residence |
New York State |
$325 App. Fee |
|
Notes:
.5%
Discount rate, Net PITI Rent. 12 months
good credit. Rehab loan available, no maximum TLTV.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
Key Bank Mortgage
HomeAssist Program
Fariba Khosravi
(518) 423-1363 |
3% 1-2 unit
10% 3-4 unit |
40% |
None in target, otherwise
100% MAI |
1-4 Unit Primary Residence |
All Areas |
Appraisal & Credit |
|
Notes:
Closing financed if W/I 100% LTV. No PMI. Up to 6% seller concessions. Down-payment grant/gift/loan okay. Can include improvements/rehab.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
M&T Bank
"Get Started" Program
Al DeSalvo:
(518) 464-6155 |
1% own + 2% pers. loan |
33/41 |
None in target, otherwise $60,400
for HH size 1-4 |
1-2 Unit Primary Residence |
Capital District |
$295
1 Family appraisal |
|
Notes:
Up to 10 year personal loan lends 2% down, closing and tax escrows. Discounted rate in target areas
or $2500 grant. Biweekly deductions from free Checking Account.
First Home Club* matched $4 to $1. FHA 203K Available
Also FHA & SONYMA available. |
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
NBT Bank
Patti Montgomery
(518) 489-9224 |
0% ($500 borrowers own funds) |
35-40% |
"Median" Income
(see chart) |
1-2 Unit Primary residence only |
All |
None |
|
Notes:
30 year fixed rate. No PMI. Home Buyer education required. Interest rate
reduced 0.25%. Low closing cost option.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
Pioneer Savings
Affordable Housing
Program
Al Wells:
(518) 274-4800 |
0% |
33/41 |
"Median" Income
(see chart) |
1-2 Unit Primary Residence |
Target Areas |
Appraisal & Credit |
|
Notes:
Up to 110% LTV
to finance closing w/$500
own funds. Rental $ not included.
3%
down w/Non-target AHP, Rehab/ Repair AHP, and First Home Club $3 to $1 Matched
Savings Program. Also FHA & SONYMA available.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
SEFCU
Affordable Gold
Program
Kim Reilly:
(518) 459-6532 |
5%
(3% own) |
40% |
"Median" Income
(see chart) |
Single Family Residence |
All Areas |
Appraisal & Credit |
|
Notes:
Low closing costs. Also offer Section 8, Land Trust, "Alt 97". 3-to-1 matched savings w/
First Home Club.* Branch at 920 Albany St.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
Sunmark
Federal Credit Union My Community Mortgage Alissa Sykes: (518) 382-2597 ext
3175 |
0%
($500 borrowers funds) |
43% |
"Median" Income
(see chart) |
1-2 Unit Primary Residence |
NY State |
$300 |
|
Notes:
Free, fast pre-approvals. 30 year fixed rate. Seller concessions can be used for
closing costs.
|
|
Institution &
Contact Person |
Down Payment
(Min.) |
Housing & Debt Ratios |
Max Eligible Income |
Eligible Properties |
Areas Available |
Fees |
|
Trustco Bank
Affordable Housing
Program
Contact any branch
manager.
|
0%
Will finance 10% down payment |
30/40 |
"Moderate" Income
(see chart) |
1-2 Unit |
Trustco Service Area |
$100 |
|
Notes:
No escrow equals low up-front costs. No PMI. Tax saver account. Discounted rate. Free pre-qualify. No seller concessions.
|
