HomeFirst
HomeFirst Down Payment Assistance
In short
Forgivable loan up to $100,000 toward down payment/closing costs for first-time buyers. First-time homebuyers, complete HPD-approved homebuyer education, contribute ~3% own funds, buy 1-4 family/condo/co-op in NYC.
- What you get
- Forgivable loan up to $100,000 toward down payment/closing costs for first-time buyers.
- Who qualifies
- First-time homebuyers, complete HPD-approved homebuyer education, contribute ~3% own funds, buy 1-4 family/condo/co-op in NYC.
- Income limit (2026)
- Up to 80% AMI per HPD (some 2026 broker guides cite 120% after 2025 expansion) - unverified.
- Papers to gather
- Tax returns, pay stubs, bank statements, mortgage pre-approval, homebuyer education certificate.
- Renewal
- N/A; occupancy 10-15 years for forgiveness.
Some details here could not be confirmed yet. We check every rule with the agency before you apply.
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