See programs you qualify for
Get Matched Free →By Tyler Thompson · Licensed Real Estate Agent · Updated April 2, 2026
Homebuyer Programs in Greenburgh, NY (2026)
Greenburgh is a large town in Westchester County, New York, located just north of New York City with a population of approximately 95,000. With a median home price around $625,000, buying here is a significant investment, but multiple assistance programs can help. The Westchester County Home Ownership Initiative provides up to $25,000 in forgivable loan assistance, and the Hudson Valley Home Ownership and Revitalization Program offers an additional $25,000 for purchase and renovation. Nonprofit programs like the WRO First Home Club (up to $5,000 match), the HDSW First Home Club (up to $7,500 match), and the CHI First Time Homebuyer Grant Program ($25,000 to $35,000) add even more support. By combining county, nonprofit, and state-level programs such as the SONYMA Down Payment Assistance Loan and the FHLBNY Homebuyer Dream Program, eligible buyers can potentially stack tens of thousands of dollars in assistance.
County Programs in Westchester County
| 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 → |
- Type:
- Forgivable Loan
- Amount:
- Up to $25,000
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- Up to $25,000
- 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 |
|---|---|---|---|---|
| CHI First Time Homebuyer Grant Program | Grant | $25,000 to $35,000 (49% max for down payment and closing costs; 51% minimum for home repairs) | 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 → |
| WRO First Home Club | Grant | Up to $5,000 | Yes | View → |
- Type:
- Grant
- Amount:
- $25,000 to $35,000 (49% max for down payment and closing costs; 51% minimum for home repairs)
- 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 $5,000
- First-time only:
- Yes
How to Apply
Step 1: Check your eligibility. Most programs in Westchester County require household income at or below 80% of the area median income (AMI). Review the Westchester County income limits guide for current thresholds based on your household size.
Step 2: Complete homebuyer education. Contact Westchester Residential Opportunities (WRO) at (914) 428-4507 or Human Development Services of Westchester (HDSW) at (914) 939-2005 to enroll in a HUD-approved homebuyer education course. Most programs require 8-10 hours of counseling.
Step 3: Enroll in a matched savings program. If you need time to build your down payment, join the WRO First Home Club (up to $5,000 in 3-to-1 matching) or the HDSW First Home Club (up to $7,500 in 4-to-1 matching). Plan for at least 10 months of consistent savings.
Step 4: Get pre-approved for a mortgage. Work with a SONYMA-approved lender to explore state-level programs like the SONYMA Down Payment Assistance Loan (up to $15,000 at 0% interest). Ask your lender about the FHLBNY Homebuyer Dream Program (up to $30,000 in grants).
Step 5: Apply for the Westchester County Home Ownership Initiative. Contact Community Housing Innovations (CHI) at (914) 683-1010 to apply for up to $25,000 in forgivable assistance for purchasing a home in Westchester County.
Step 6: Find a home within program limits. Work with your real estate agent to identify properties in Greenburgh that meet any applicable purchase price limits for the programs you're using.
Step 7: Submit your full application and close. Coordinate with your lender, housing counselor, and program administrators to finalize all paperwork. Expect the process to take several weeks once you have an accepted offer.
Frequently Asked Questions
How much down payment assistance can I get in Greenburgh?+−
Do I have to be a first-time homebuyer to qualify?+−
What income limits apply in Greenburgh?+−
What homebuyer education is required?+−
Can I use these programs for condos or co-ops?+−
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