Low Interest Rate Program

Low Interest Rate Program This New York down payment program is for first time home buyers. They can take advantage of the Low Interest Rate Program which offers competitive fixed rates on low New York down payment mortgage financing. Income and purchase price rates will be assessed depending on where in New York a home buyer is purchasing. Buyers can finance up to 97 percent of the home’s value.

Energy Star Label Homes Program

Energy Star Label Homes Program This New York down payment program offers interest rates that are 0.375 percent lower than their standard interest rates for first mortgage loans, coupled with New York down payment assistance, as part of the Energy Star Label Homes Program. Homes must be newly constructed with the Energy Star Label or existing properties in need of energy efficient improvements. The New York down payment assistance caps at $15,000, and the loan does not entail points or origination fees.