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Get Matched Free →Schenectady First Time Home Buyer's Program
Funding status: Active
How much assistance
Up to 10% of purchase price
75% of assistance forgiven after 5 years of owner-occupancy. Remaining 25% repaid over 5-year amortization at 4% interest.
Eligibility
- Income limits: Must meet HUD low- to moderate-income guidelines
- First-time buyer required: Yes — Must not have owned a home in the past 3 years.
- Geographic restrictions: Must purchase within City of Schenectady limits.
How to Apply for Schenectady First Time Home Buyer's Program
Contact the City of Schenectady Department of Development at (518) 382-5147 to begin your application. You must have a mortgage commitment from a lender for at least 90% of the purchase price. The property must be a 1, 2, or 3-unit single-family home within city limits.