State of New York Mortgage Agency
by:
Michael SaundersDue to the huge population of first time home-buyers in the state of New York, the local government has established an independent agency that is specially tailored to contribute to the improvement of the existing and future home-buying process in the State of New York.
The State of New York Mortgage Agency, otherwise referred to as SONYMA, is an agency established in the year 1970 in an attempt to address the shortages of funds within private banking systems that are specifically intended for residential mortgages within the State of New York.
The housing loan programs of SONYMA are primarily geared towards qualified first time home buyers who reside in, work at, and intend to purchase a home or property within the State of New York.
At present, SONYMA is running approximately six premiere home buying loan programs. These are:
(continued...)
State of New York Mortgage Agency
Page 2
About The Author
Michael Saunders is an editor of TopGovernmentGrants.com one the the most comprehensive Websites offering information on government grants and federal government programs.
He also maintains Websites providing resources on environmental grants and grants for youth programs.
|
Additional Resources
category - Home Buying Programs
First Time Homebuyer Programs in New HampshireThe State of New Hampshire gives great importance to the welfare and safety of its people. One of the ways of showing this is through the establishment of the New Hampshire Housing Finance Authority, which is specially designed to assist low to moderate income residents of New Hampshire in the process of procuring safe and affordable housing opportunities.
Urban Rehabilitation Homeownership Program for Homebuyers in ConnecticutThe Connecticut Housing Finance Authority, otherwise known as CHFA, is an independent quasi-public housing agency operating within the State of Connecticut that was established in 1969 in an effort to lessen or alleviate the hurdles regarding the lack or insufficient supply of affordable housing opportunities for Connecticut’s low- and moderate-income families and individuals.
Downpayment Assistance Program for the First Time Home Buyers in North Carolina The programs and activities of the North Carolina Housing Finance Agency are constantly geared towards the satisfaction of the best interest of its target population, which is why all their endeavors are carefully guided by their overall agency mission which is "to create affordable housing opportunities for North Carolinians whose needs are not met by the market."
FirstHome Mortgage Program in North CarolinaOne of the programs of the agency is the FirstHome Mortgage Program wherein they seek to offer 30-year fixed interest rate mortgages to first time home buyers in the State of North Carolina.