See programs you qualify for
Get Matched Free →Town of Babylon HOME Down Payment Assistance Program
Funding status: Active
How much assistance
Up to $50,000
Zero-interest deferred loan forgiven after 10 years of owner-occupancy. If the home is sold before the 10-year affordability period, all grant funds must be repaid in full.
Eligibility
- Income limits: At or below 80% of HUD median income for the Nassau-Suffolk area, adjusted for family size. Minimum income of $30,000.
- First-time buyer required: Yes — Must not have owned a home during the three-year period prior to the date of application.
- Geographic restrictions: Must purchase within the boundaries of the Town of Babylon. No foreclosures, short sales, bank owned or REO properties.
- Homebuyer education required: Yes
How to Apply for Town of Babylon HOME Down Payment Assistance Program
Contact the Long Island Housing Partnership at (631) 435-4710 to request an intake form. Forms are mailed to interested homebuyers. Must attend a mortgage counseling session at LIHP and complete a HUD-certified homebuyer education course.