DOWN PAYMENT ASSISTANCE PROGRAM

 
General Information
Description of ProgramProvides qualified first time homebuyers with down payment assistance funds in the form of zero-interest deferred loans that are forgiven after 5 years. The assistance provided will be up to 14,000 for eligible applicants to assist with the down payment toward the purchase of an owner-occupied, single family residence in communities served by the Suffolk County HOME Consortium. This program does not fund closing costs. The applicant will be required to sign a Note & Mortgage which is subordinate to the bank or lending institution that will be providing the primary mortgage. Applications for the calendar year must be submitted by December 31st. Applications available online at https://scdownpayment.com/.
LocationSuffolk
Geographic AreaSuffolk
Public TransportationAccessible by public transportation.
Facility/ADA AccessWheelchair Accessible
Additional RequirementsHome to be purchased must be located in one of the eligible communities served by the Suffolk County HOME Consortium: Town of East Hampton and the Village of Sag Harbor, Town of Huntington, Town of Riverhead, Town of Shelter Island excluding the incorporated villages, Town of Smithtown and the Village of the Branch, Town of Southampton and the incorporated Villages of Sag Harbor, Southampton, Westhampton Beach and Westhampton Dunes, Town of Southold excluding incorporated villages.
 
Client Information
Intended ParticipantsLow to moderate income first time home buyers purchasing homes in one of the designated communities.
Languages SpokenSpanish
EligibilityEligibility includes, but is not limited to: applicant must be a first-time homebuyer, be a low to moderate income household (income guidelines apply) and prove a minimum annual household income of at least 30,000. Applicants must attend a HUD certified mortgage counseling session.
 
Fees or Charges
Types of FeesHUD Income restrictions apply.
Wait ListAppointment required
 
Contact Information
Physical Site Address 1Community Development Office-Attn: Down Payment Assistance Program
Physical Site Address 2100 Veteran's Memorial Hwy-H. Lee Dennison Bldg-2nd Fl.
Physical Site City, State, ZipHauppauge, NY 11788
Mailing Address 1100 Veteran's Memorial Highway-H.Lee Dennison Building-2nd Floor
Mailing City, State, ZipHaupppauge, NY 11788
Web Addresshttps://www.scdownpayment.com/
 
Additional Information
Last UpdateAug19
 
Affiliated Agency and Services
Affiliated Agency:
SUFFOLK COUNTY DEPARTMENT OF COMMUNITY DEVELOPMENT
This Program: DOWN PAYMENT ASSISTANCE PROGRAM
Affiliated Services: DOWN PAYMENT ASSISTANCE PROGRAM