Achieving the Dream Program for First Time Home Buyers in New York
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The properties that are eligible to be bought under the Achieving the Dream Program are the following:

1) Must be located in the State of New York

2) Must have a sale price or appraised value that does not go beyond SONYMA's Purchase Price/Appraised Value limits

3) Must not be utilized for business or commercial purposes

4) Must be an existing one family home, or an existing two family home that is at least five years old

5) Must be a maximum of 5 acres only

6) Must have at least 500 square meters of living space

In order to be considered eligible to submit an application under the Achieving the Dream Program, a borrower must be:

1) Must be a first time home buyer as defined by the rules and regulations of SONYMA

2) Must have a stable job, a good credit history, enough income to cover mortgages and other payment obligations, sufficient assets and savings that would cover down payment and closing costs

3) Must be able to meet SONYMA's Household Income Limit requirements

4) Must be able to permanently occupy the SONYMA-financed home as their primary residence.

To read more about the Achieving the Dream Program for First Time Home Buyers in New York, you can visit http://www.nyhomes.org/Home/Buyers/SONYMA/AchievingtheDreamProgram.htm.

Achieving the Dream Program for First Time Home Buyers in New York
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About The Author Iola Bonggay is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs. She also maintains Websites providing resources on community grants and health grants.

Additional Resources

category - Home Buying Programs

California Housing Finance Agency
The California Housing Finance Agency, otherwise known as CalHFA, is an independent, self-supporting agency that was chartered to as the State's affordable housing bank to make low interest rate loans through the sale of tax-exempt bonds; with these bonds being repaid by revenues generated through mortgage loans, instead of taxpayer dollars.

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Rehabilitation Mortgage Insurance Program
The Department of Housing and Urban Development, otherwise known as HUD, is a Cabinet department in the executive branch of the United States federal government.

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Homeownership Program for First Time Homebuyers in Connecticut
The Connecticut Housing Finance Agency has established the Homeownership Program wherein it intends to provide reasonable home loans with below-market interest rates to tenants occupying publicly assisted housing who wish to transition from renting into homeownership.

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Government Grants for Housing Assistance
Do you have a bad credit record but want to get a house? the government just might help. Read this!...

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