SONYMA DPAL PLUS
State of New York Mortgage Agency offers DPAL PLUS 2026 to first-time buyers in New York: up to $30,000, as a forgivable loan.
- Amount
- Up to $30,000
- Kind of help
- Forgivable loan
- First-time buyers only
- Yes, except veterans and buyers in targeted areas
How is SONYMA DPAL PLUS paid back?
Forgivable loan: 0% loan, forgiven in equal monthly amounts over your first 10 years in the home; the part not yet forgiven may have to be repaid if you leave sooner.
A forgivable loan is written off once you have kept the home and its first mortgage for the years the program sets.
Who qualifies for SONYMA DPAL PLUS?
- Household income 60% of the area median income (AMI).
- First-time buyers only: yes, except veterans and buyers in targeted areas.
- It comes with a SONYMA mortgage.
Most limits follow your county and household size. Our HUD income limits lookup shows your area's median income and where your household sits.
How to apply for SONYMA DPAL PLUS
- State of New York Mortgage Agency pays this help out through its approved lenders, so you apply with one of them, together with your home loan.
- The lender checks your income, credit and the home against the program's rules and reserves the money for you.
- The help is paid at closing, toward your down payment and closing costs.
Read the full rules and whether it is taking applications on State of New York Mortgage Agency's page for DPAL PLUS 2026.
Ask a lender about SONYMA DPAL PLUS
Tell us where you're buying and a lender that works with New York's programs can tell you whether SONYMA DPAL PLUS fits you, and what you could combine with it.
Rather not call? Send your details and the lender will reach you.
Other first-time buyer programs in New York
- SONYMA Down Payment Assistance Loan (DPAL): up to 3% of the price, at most $15,000, forgivable loan.
- SONYMA Repayable Second Lien (RSL) Program: up to 5% of the price, deferred loan.
All New York first-time home buyer programs · Down payment assistance in every state