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Get Matched Free →Homebuyer Programs in Cortlandt, NY (2026)
Cortlandt is a town in the northwestern corner of Westchester County, New York, bordered by the Hudson River to the west and Putnam County to the north. With a median home price around $640,000, the area offers a more affordable entry point compared to much of lower Westchester. The Westchester County Home Ownership Initiative and the Hudson Valley Home Ownership and Revitalization Program each provide up to $25,000 in forgivable loans for income-eligible first-time buyers. The Community Housing Innovations Homeownership Grant can offer up to $75,000 toward down payment, closing costs, and rehabilitation. The WRO and HDSW First Home Club programs provide up to $5,000 and $7,500 respectively in matched savings grants. By combining county, state, and federal programs, eligible Cortlandt buyers could stack a significant package of assistance toward homeownership.
Top Homebuyer Programs in Cortlandt
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Hudson Valley Home Ownership and Revitalization Program | Forgivable Loan | Up to $25,000 | Yes | View → |
| Westchester County Home Ownership Initiative | Forgivable Loan | Up to $25,000 | Yes | View → |
| FHA Loans | Government-Insured Mortgage | Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026) | No | View → |
| FHLBA Community Partners Product | Forgivable Loan | Up to $20,000 in home purchase assistance for down payment and closing costs | No | View → |
| FHLBA First Time Homebuyer Product | Forgivable Loan | Up to $17,500 in home purchase assistance for down payment and closing costs | Yes | View → |
| FHLBA Workforce Housing Plus+ | Forgivable Loan | Up to $15,000 in home purchase assistance for down payment and closing costs | No | View → |
| Good Neighbor Next Door (HUD) | Government Property Sale Program | 50% discount off the list price of HUD-owned homes | Yes | View → |
| Home Possible Mortgage (Freddie Mac) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HomeReady Mortgage (Fannie Mae) | Government-Guaranteed Mortgage | Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment | No | View → |
| HUD $100 Down Program | FHA-Financed HUD REO Purchase | Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs. | No | View → |
| USDA Rural Development Loans | Government-Guaranteed Mortgage | 100% financing (no down payment required); loan amount up to appraised value | No | View → |
| VA Loans | Government-Guaranteed Mortgage | No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026) | No | View → |
| Community Housing Innovations Homeownership Grant | Grant | Up to $75,000 (60% for down payment/closing costs, 40% for rehabilitation) | Yes | View → |
| Habitat for Humanity NYC and Westchester Homeownership Program | Zero-Interest Loan | Affordable mortgage with reduced payments | Yes | View → |
| HDSW First Home Club | Grant | Up to $7,500 | Yes | View → |
| Magyar Bank Homebuyer Dream Program | Grant | Up to $30,000 | Yes | View → |
| WRO First Home Club | Grant | Up to $5,000 | Yes | View → |
| FHLBNY Homebuyer Dream Program | Grant | Up to $30,000 | Yes | View → |
| SONYMA Down Payment Assistance Loan (DPAL) | Forgivable Loan | Up to $15,000 or 3% of purchase price, whichever is greater (minimum $1,000) | Yes | View → |
| SONYMA DPAL PLUS | Forgivable Loan | Up to $30,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $25,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $25,000
- First-time only:
- Yes
- Type:
- Government-Insured Mortgage
- Amount:
- Up to FHA county loan limits ($541,287 floor to $1,249,125 ceiling for single-family in 2026)
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $20,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Forgivable Loan
- Amount:
- Up to $17,500 in home purchase assistance for down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 in home purchase assistance for down payment and closing costs
- First-time only:
- No
- Type:
- Government Property Sale Program
- Amount:
- 50% discount off the list price of HUD-owned homes
- First-time only:
- Yes
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- Up to conforming loan limits ($832,750 standard / $1,249,125 high-cost in 2026); 3% minimum down payment
- First-time only:
- No
- Type:
- FHA-Financed HUD REO Purchase
- Amount:
- Only $100 down payment required (vs. standard 3.5% FHA down payment). HUD may also pay up to 3% of buyer's closing costs.
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- 100% financing (no down payment required); loan amount up to appraised value
- First-time only:
- No
- Type:
- Government-Guaranteed Mortgage
- Amount:
- No loan limit for veterans with full entitlement (0% down at any price); partial entitlement subject to conforming limits ($832,750 standard in 2026)
- First-time only:
- No
- Type:
- Grant
- Amount:
- Up to $75,000 (60% for down payment/closing costs, 40% for rehabilitation)
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Affordable mortgage with reduced payments
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $7,500
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $5,000
- First-time only:
- Yes
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $15,000 or 3% of purchase price, whichever is greater (minimum $1,000)
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $30,000
- First-time only:
- Yes
How to Apply
- Step 1:
Check your eligibility. Most Westchester County programs require household income at or below 80% of Area Median Income. Review current HUD income limits for Westchester County based on your household size.
- Step 2:
Complete homebuyer education. Contact Westchester Residential Opportunities (WRO) at (914) 428-4507 to attend a Home Buying Orientation Workshop and complete the required Home Buying Education Program. Human Development Services of Westchester (HDSW) at (914) 939-2005 and Community Housing Innovations (CHI) at (914) 683-1010 also offer HUD-approved counseling.
- Step 3:
Enroll in a matched savings program. The WRO First Home Club matches your savings 3-to-1 up to $5,000, and the HDSW First Home Club offers up to $7,500. You must save for at least 10 months to qualify.
- Step 4:
Get pre-approved for a mortgage. Work with a SONYMA-approved lender to explore state mortgage programs, or contact a local credit union about the FHLBNY Homebuyer Dream Program, which offers grants up to $30,000 for first-time buyers.
- Step 5:
Apply for down payment assistance. Submit applications for the Westchester County Home Ownership Initiative ($25,000) and the Community Housing Innovations Homeownership Grant (up to $75,000) through their respective agencies. Multiple programs can often be combined.
- Step 6:
Find a home in Cortlandt within program guidelines. Work with your real estate agent to identify eligible properties. Visit the Westchester County HomeSeeker portal for affordable housing opportunities in the area.
- Step 7:
Close on your new home. Your housing counselor and lender will coordinate the closing process, ensuring all assistance funds are applied correctly to your purchase.