Down Payment Assistance Loan Program This New York down payment program can be paired with many of the programs listed above. This second loan ranges from $1,000 to $15,000 depending on circumstance. The payments are deferred, and after 10 years of home ownership the loan will be completely forgiven. The interest rate for first mortgages that have DPAL assistance will be 0.375 percent higher than the interest rate for loans without New York down payment assistance, except on the Homes for Veterans and EnergyStar Programs. A new wrinkle to this program: The SONYMA DPAL can now be used to pay all or a portion of a one time mortgage insurance premium, if applicable, thus significantly reducing your monthly mortgage payment.