Homebuyer

Home Buyer Education (HBE)– Our class teaches you everything you need to know to become a successful homeowner. Budgeting, understanding credit, working with realtors, shopping for a loan, and learning to maintain a home are just a few of the topics covered.  2018 HBE Schedule 

Financial Coaching – Creating a sound financial plan, setting and achieving financial goals and making wise consumer decisions all start the process for sustainable homeownership. Our home advisors will work with each customer to develop a personalized action plan. They will help to examine finances, determine goals, establish individualized savings programs and address any credit issues.

Create your Compass Account and schedule your appointment today!

Down-Payment Assistance

The HomeOwnershipCenter has been a long-standing partner with SONYMA to help promote and educate customers about their affordable mortgage products with low down payment requirements and down payment assistance.  To learn more about SONYMA and where to find a participating lender, please call the HomeOwnershipCenter at (315) 724-4197 or visit www.nyhomes.org to learn more.

City of Utica Down Payment Assistance – This down payment assistance grant through the HomeOwnershipCenter is a fully forgivable loan for up to $20,500! You must purchase your home within the target area, which you can view HERE.

Income Guidelines.

West Utica Down Payment Assistance– This down payment assistance grant through the HomeOwnershipCenter is a fully forgivable loan for $6,500! You must purchase your home within the target area, which you can view HERE.

Income Guidelines

Oneida and Madison County Down Payment Assistance This down payment assistance and rehabilitation grant through the HomeOwnershipCenter is a fully forgivable loan of $24,750. 51% of the grant must be used for rehabilitation ($14,750) and 49% of the grant can be used for down payment and/or closing costs ($10,000). For a printable flyer click HERE

Income Guidelines

First Home Club – The HomeOwnershipCenter partners with several local banks to offer a matched savings program for home buyers looking to buy in New York State and are in need of down payment and/or closing cost assistance.
The First Home Club* (FHC) matches $4.00 for every $1.00 you deposit – up to a maximum of $7,500.  There are various savings plans ranging from 10-24 months long.

Are you interested in any of these programs? Create your Compass Account to get started! 

*Note: Customers interested any of these down-payment assistance programs MUST complete Home Buyer Education.

Loan Products – click here for a listing of available loan products!

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