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Get Matched Free →Homebuyer Programs in North Hempstead, NY (2026)
North Hempstead is a town on the North Shore of Long Island in Nassau County, New York, encompassing communities such as Great Neck, Manhasset, Port Washington, and Roslyn. With a median home price around $1,000,000, it is one of the most expensive housing markets on Long Island, which means buyers should explore every available assistance option. The Nassau County HOME Down Payment Assistance Program provides up to $50,000 as a forgivable loan, though its $594,000 purchase price limit may restrict eligibility for many North Hempstead homes. Community Housing Innovations offers grants of $25,000 to $35,000 for first-time buyers in Nassau County. Community Development Long Island provides low-interest loans up to $75,000. At the state level, SONYMA's Down Payment Assistance Loan offers up to $15,000 as a forgivable loan, and the FHLBNY Homebuyer Dream Program provides grants up to $30,000. Buyers targeting condominiums, co-ops, or more modestly priced properties may find the best opportunities to stack these programs.
Top Homebuyer Programs in North Hempstead
| Program Name | Type | Amount | First-Time Only | Details |
|---|---|---|---|---|
| Nassau County HOME Down Payment Assistance Program | Forgivable Loan | Up to $50,000 | 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 → |
| CDLI Down Payment and Closing Cost Assistance Loan | Repayable Loan | Up to $75,000 | Yes | View → |
| 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 of Long Island Homeownership Program | Zero-Interest Loan | Affordable home purchase with subsidized mortgage | Yes | View → |
| National Faith Homebuyers Down Payment Assistance | Forgivable Loan | $5,000 to $10,000 forgivable loan (amount varies by location) | No | 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 $50,000
- 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:
- Repayable Loan
- Amount:
- Up to $75,000
- First-time only:
- Yes
- 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 home purchase with subsidized mortgage
- First-time only:
- Yes
- Type:
- Forgivable Loan
- Amount:
- $5,000 to $10,000 forgivable loan (amount varies by location)
- First-time only:
- No
- 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 programs require household income at or below 80% to 120% of the Area Median Income depending on the program. Review the specific income limits for Nassau County programs and note that the Nassau County HOME DPA has a $594,000 purchase price cap.
- Step 2:
Complete homebuyer education. All major programs require a HUD-approved course. The Long Island Housing Partnership provides free mortgage counseling and administers the Nassau County programs. Contact LIHP at (631) 435-4710. Community Development Long Island offers the NeighborWorks homebuyer education program at (631) 471-1215.
- Step 3:
Contact the Long Island Housing Partnership. LIHP administers the Nassau County HOME Down Payment Assistance Program and the Employer Assisted Housing Program. They can help determine which programs you qualify for and coordinate your applications.
- Step 4:
Get pre-approved for a mortgage. Work with a SONYMA-approved lender to access state-level programs, or an FHLBNY member institution like Nassau Financial Federal Credit Union to apply for the Homebuyer Dream Program grant of up to $30,000.
- Step 5:
Find a home within program limits. The Nassau County HOME DPA limits purchases to $594,000, which is well below the North Hempstead median. The CDLI loan program caps at $500,000. Focus on condominiums, co-ops, or starter homes if you plan to use these programs. State programs like SONYMA and the FHLBNY HDP have higher purchase price limits.
- Step 6:
Submit your applications. Apply for each program you qualify for. Many can be combined. The Nassau County HOME DPA requires a minimum $5,000 personal down payment. Allow 30 to 60 days for processing.