SONYMA has two main home loan programs, attaining the Dream and low-value interest.

SONYMA has two main home loan programs, attaining the Dream and low-value interest.

Overview

Both programs are outlined about this web web web page as they are built to assist you in finding the true house you’ve constantly desired at a repayment you’ll manage.

SONYMA provides optional deposit advice about all home loan programs and all sorts of programs could be along with other funds and subsidies.

Attaining the fantasy

Our cheapest rate of interest system, attaining the Dream was designed to maximize the total amount you really can afford with minimal advance payment needed.

Reaching the Dream Features and Benefits

  • 30-year rate mortgage that is fixed
  • No points
  • Advance payment requirement only 3% (and 3% advance payment help available)
  • Minimum money share of just one% (3% for co-ops)
  • Designed for 1-4 household domiciles, cooperatives and condominiums
  • No prepayment charges
  • 120-day rate of interest locks for existing housing
  • 240-day interest hair for properties under construction or rehabilitation, cooperatives or sales that are distressed
  • May be coupled with other SONYMA unique features
  • Other funds and subsidies could be incorporated with no limitation

Interest Levels

Available Loan Options and Improvements

Attaining the Dream additionally works together with other SONYMA programs to help people who need assistance with down re payments, home repairs, and renovating. […]

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