Home

CLOSING COSTS ASSISTANCE PROGRAM | HOME HEADQUARTERS

Offers closing cost assistance of up to $4,000 for first-time, income eligible home buyers purchasing a home in Cayuga, Cortland, Jefferson, Madison, Onondaga, or Oswego counties. For City of Syracuse home buyers, assistance is available as a deferred loan (no repayment provided residency requirements are met). Outside the City of Syracuse, assistance is in the form of a low-interest loan.

Categories

Housing Down Payment Loans/Grants

Data provided by

211 Central New York

Physical Address

548 Erie Boulevard West, Syracuse, NY 13204

Hours

Monday - Friday, 8:30 AM - 5 PM

Fax

(315) 474-0637

Fax

(315) 474-0637

Application process

Complete the Homebuyer Education Orientation and Class, find a mortgage lender and get a pre-approval, decide on a home to purchase and submit purchase offer, secure a commitment letter and disclosures from mortgage lender, and complete application (available online)

Fee

Must provide $500 of own funds toward the purchase of the home

Eligibility

First-time home buyers with a signed purchase offer planning to live and occupy the purchased home; first mortgage must originate with a bank, mortgage company, or credit union Homes in the City of Syracuse: Purchase price of property cannot exceed $110,000, gross annual income must be less than 80% of the Area Median Income, there are no cash or cash-equivalent assets that are not being used toward the purchase of the property in excess of $7,500 For homes outside of the City of Syracuse, any of the following conditions: - the purchase price of the property exceeds $110,000 - gross annual income is determined to be higher than 80% of the Area Median Income - you have cash or cash-equivalent assets that are not being used toward the purchase of the property in excess of $7,500

Languages

Spanish

Service area

Cortland County, New York Madison County, New York Jefferson County, New York Oswego County, New York Onondaga County, New York Cayuga County, New York

Agency info

HOME HEADQUARTERS

Provides a range of products and services to assist current and prospective homeowners including certified home buyer education, emergency home improvement assistance, financial counseling, foreclosure prevention, first mortgage and closing cost assistance, property development and management, and home and energy improvement loans and grants. Provides free financial counseling as part of Syracuse's Financial Empowerment Center for Syracuse residents.