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Homebuyer Programs in Greenburgh, NY (2026)

Last updated April 2, 2026 | Population: 95,000 | Median home price: $625,000 | Est. closing costs: $12,500 - $19,000

Skyline of Greenburgh, NY

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.

Top Homebuyer Programs in Greenburgh

Hudson Valley Home Ownership and Revitalization Program
Type:
Forgivable Loan
Amount:
Up to $25,000
First-time only:
Yes
Westchester County Home Ownership Initiative
Type:
Forgivable Loan
Amount:
Up to $25,000
First-time only:
Yes
FHA Loans
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
FHLBA Community Partners Product
Type:
Forgivable Loan
Amount:
Up to $20,000 in home purchase assistance for down payment and closing costs
First-time only:
No
FHLBA First Time Homebuyer Product
Type:
Forgivable Loan
Amount:
Up to $17,500 in home purchase assistance for down payment and closing costs
First-time only:
Yes
FHLBA Workforce Housing Plus+
Type:
Forgivable Loan
Amount:
Up to $15,000 in home purchase assistance for down payment and closing costs
First-time only:
No
Good Neighbor Next Door (HUD)
Type:
Government Property Sale Program
Amount:
50% discount off the list price of HUD-owned homes
First-time only:
Yes
Home Possible Mortgage (Freddie Mac)
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
HomeReady Mortgage (Fannie Mae)
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
HUD $100 Down Program
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
USDA Rural Development Loans
Type:
Government-Guaranteed Mortgage
Amount:
100% financing (no down payment required); loan amount up to appraised value
First-time only:
No
VA Loans
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
CHI First Time Homebuyer Grant Program
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
Habitat for Humanity NYC and Westchester Homeownership Program
Type:
Zero-Interest Loan
Amount:
Affordable mortgage with reduced payments
First-time only:
Yes
HDSW First Home Club
Type:
Grant
Amount:
Up to $7,500
First-time only:
Yes
WRO First Home Club
Type:
Grant
Amount:
Up to $5,000
First-time only:
Yes
FHLBNY Homebuyer Dream Program
Type:
Grant
Amount:
Up to $30,000
First-time only:
Yes
SONYMA Down Payment Assistance Loan (DPAL)
Type:
Forgivable Loan
Amount:
Up to $15,000 or 3% of purchase price, whichever is greater (minimum $1,000)
First-time only:
Yes
SONYMA DPAL PLUS
Type:
Forgivable Loan
Amount:
Up to $30,000
First-time only:
Yes

How to Apply

  1. 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.

  2. 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.

  3. 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.

  4. 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).

  5. 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.

  6. 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.

  7. 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.

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