Low interest loans to help Veterans buy homes

Veterans who qualify can get help with low-interest mortgage loans to purchase their first home. The State of New York Mortgage Agency (SONYMA) makes the process and the rules easier. The Homes for Veterans Program has lower fixed-rate mortgages and helps with closing costs.  

Requirements

• You must be either a U.S. military veteran or active duty serviceperson and provide these documents with your application:
  • DD214 – Certificate of Release or Discharge from Active Duty or NGB Form 22 – Report of Separation and Record of Service
  • Leave and Earning Statement (required for all active duty U.S. military personnel)
  • Military ID Card (required for ALL active duty U.S. military personnel)
• Military Veteran's Eligibility Affidavit (SONYMA Form 243) is required only if an eligible veteran or their spouse or co-borrower is not a first-time homebuyer