See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 2, 2026
Homebuyer Programs in Freeport, NY (2026)
Freeport is a vibrant village in Nassau County on Long Island's South Shore, known for its waterfront dining district and proximity to Jones Beach. With a median home price around $635,000, buyers face a competitive market, but several strong assistance programs can help. The Nassau County HOME Down Payment Assistance Program offers up to $50,000 as a forgivable loan for first-time buyers, and the LIHP Community Stabilization Program provides up to $30,000 in forgivable assistance. Both the CDLI and CDCLI offer low-interest down payment loans up to $75,000 for Nassau County buyers. Combined with SONYMA state mortgage programs and FHLBNY grants up to $30,000, eligible Freeport buyers could stack well over $100,000 in total assistance toward their home purchase.
County Programs in Nassau County
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Nassau County HOME Down Payment Assistance Program | Forgivable Loan | Up to $50,000 | Yes | View → |
- Type:
- Forgivable Loan
- Amount:
- Up to $50,000
- First-time only:
- Yes
State Programs in New York
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| FHLBNY Homebuyer Dream Program | Grant | Up to $30,000 | Yes | View → |
| SONYMA Down Payment Assistance Loan (DPAL) | Forgivable Loan | Greater of $3,000 or 3% of the purchase price, capped at $15,000 (minimum $1,000); cannot exceed actual down payment and closing costs | Yes | View → |
| SONYMA DPAL PLUS | Forgivable Loan | Up to $30,000 | Yes | View → |
- Type:
- Grant
- Amount:
- Up to $30,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Greater of $3,000 or 3% of the purchase price, capped at $15,000 (minimum $1,000); cannot exceed actual down payment and closing costs
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $30,000
- First-time only:
- Yes
Federal Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| 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 → |
| 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 → |
- 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:
- 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
Nonprofit Programs
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| CDCLI Down Payment and Closing Cost Assistance Loan | Repayable Loan | Up to $75,000 | Yes | View → |
| CDLI Down Payment and Closing Cost Assistance Loan | Repayable Loan | Up to $75,000 | Yes | View → |
| Habitat for Humanity of Long Island Homeownership Program | Zero-Interest Loan | Affordable home purchase with subsidized mortgage | Yes | View → |
| LIHP Community Stabilization Program (CSP) | Forgivable Loan | Up to $30,000 | Yes | View → |
- Type:
- Repayable Loan
- Amount:
- Up to $75,000
- First-time only:
- Yes
- Type:
- Repayable Loan
- Amount:
- Up to $75,000
- First-time only:
- Yes
- Type:
- Zero-Interest Loan
- Amount:
- Affordable home purchase with subsidized mortgage
- 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 Nassau County programs require household income at or below 80% of Area Median Income, though CDLI and CDCLI programs extend to 120% AMI. Review current HUD income limits for Nassau County based on your household size.
Step 2: Complete homebuyer education. Contact the Long Island Housing Partnership (LIHP) at (631) 435-4710 for HUD-approved mortgage counseling, which is required for the Nassau County HOME program. CDLI and CDCLI also offer NeighborWorks homebuyer education courses.
Step 3: Get pre-approved for a mortgage. Work with a SONYMA-approved lender or contact a local credit union like Nassau Financial Federal Credit Union about the FHLBNY Homebuyer Dream Program, which offers grants up to $30,000 for first-time buyers.
Step 4: Apply for the Nassau County HOME Down Payment Assistance Program. Through LIHP, apply for up to $50,000 in forgivable loan assistance. You must put a minimum of $5,000 toward the down payment from personal funds. Applications are available at www.lihp.org.
Step 5: Explore additional assistance. Apply to the LIHP Community Stabilization Program (up to $30,000) and contact CDCLI or CDLI about their low-interest down payment loans up to $75,000. Multiple programs can often be combined.
Step 6: Find a home in Freeport within program guidelines. Work with your real estate agent to identify eligible properties. The Nassau County program requires purchase of an owner-occupied single-family home within the county.
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.
Frequently Asked Questions
How much down payment assistance can I get in Freeport?+−
Do I have to be a first-time homebuyer to qualify?+−
What are the income limits for Freeport programs?+−
What homebuyer education is required?+−
How does the Nassau County HOME forgivable loan work?+−
Can I combine multiple assistance programs?+−
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