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DELANSON DUANESBURG GLENVILLE NISKAYUNA PRINCETOWN ROTTERDAM SCHENECTADY SCOTIA |
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Even if you dont have a lot or any money saved, you may still be able to buy a home. There are many home purchase programs, most aimed at helping first-time buyers and individuals uncertain about their financial ability to purchase a house. Following are descriptions, eligibility requirements and contact information for several of these programs. U.S. Department of Housing and Urban Development (HUD) Eligibility: First-time and low- to moderate-income homebuyers. Federal Housing Administration (FHA) Eligibility: People who may not qualify for more conventional loans because of income level or not-so-perfect credit. Officer Next Door Eligibility: Full-time law enforcement officers employed by a federal, state, county or municipal government. Teacher Next Door Eligibility: Candidates must be employed as a teacher, counselor, advisor or administrator. Section 203k Eligibility: One- to four-family dwellings, at least a year old and with rehabilitation costs of at least $5,000. Loans for Veterans Eligibility: Veterans and military service personnel. State of New York Mortgage Agency (SONYMA) Eligibility: Low- to moderate-income first-time homebuyers financing a one- to four-family home. Fannie Mae and Freddie Mac Eligibility: Low- to middle-income homebuyers. Better Neighborhoods, Inc. Eligibility: Low- to moderate-income residents in Schenectady County. Services: Free counseling and assistance for first-time homebuyers in Schenectady County; building and renovation programs; and zero percent interest loans for repairs. Contact: (518) 372-6469. The Affordable Housing Partnership Eligibility: Low- and moderate-income residents in the Capital Region. Schenectady Housing Development Fund Corporation Eligibility: Low- to moderate- income homebuyers. Hill and Vale Affordable Housing Eligibility: Low- and moderate-income residents. |
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The Chamber of Schenectady County info@schenectadychamber.org 306 State St. Schenectady, NY 12305 Ph: 518.372.5656 800.962.8007 Fx: 518.370.3217 Internet Solutions by: treetop/solutions |