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SONYMA Repayable Second Lien (RSL) Program

State of New York Mortgage Agency offers Repayable Second Lien (RSL) Program to home buyers in New York: as much as 5% of the home's cost, as a deferred loan.

Amount
As much as 5% of the home's cost
What sort of support
A loan you pay back later
Only people buying their first home
No

A Deferred loan is a 0% loan with nothing due monthly. Refinancing or paying off your main home loan is when you repay it.

With a deferred loan you pay nothing monthly. The full amount comes due if the home is sold, you refinance or the first mortgage is paid off.

Who qualifies for SONYMA Repayable Second Lien (RSL) Program?

  • It matches the SONYMA home loan it accompanies, with the limit set by program and region using HUD's income limits.
  • Being a first-time buyer isn't required.
  • Any SONYMA first mortgage includes it.

Your exact income limit, based on county and household size, is listed on the agency income chart. See your area's median income with our HUD income limits tool.

How to apply for SONYMA Repayable Second Lien (RSL) Program

  1. The State of New York Mortgage Agency uses approved lenders to pay this help; you apply for it and your home loan through one of them.
  2. Under the program's rules, the lender checks your income and credit plus the home, then sets the money aside for you.
  3. At closing the help is applied to your closing costs and down payment.

The full rules and whether it's taking applications are on State of New York Mortgage Agency's page for Repayable Second Lien (RSL) Program.

Ask a lender about SONYMA Repayable Second Lien (RSL) Program

Tell us where you're buying and a lender that works with New York's programs can tell you whether SONYMA Repayable Second Lien (RSL) Program fits you, and what you could combine with it.

Call 866-602-7460

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When you send this request, you agree that one mortgage lender who works with these programs may contact you by email, phone or text, including by automated means, about this request. Agreeing is not a condition of any purchase. We are an independent guide, not a lender or a government agency; only that one lender gets your details, and it may pay us for the introduction. See our about page and privacy notice.

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