What is SONYMA?

The State of New York Mortgage Agency (SONYMA) provides safe, low interest fixed rate mortgages, down payments assistance and other programs specifically designed to help low- and moderate-income families become homeowners. SONYMA loans are designed to make your home purchase more affordable.

Current interest rates are at the lowest level in the 40 year history of SONYMA, offering a strong incentive for buyers in today’s post-tax credit market. Coupled with Nothnagle’s healthy inventory of homes to choose from, this is a great time for qualifed buyers to purchase a home.

To qualify, you must meet certain eligibility requirements, including Purchase Price Limits (depending on the SONYMA program you are interested in) and Income Limits.

Contact your Nothnagle agent for more information or one of our Mortgage Partners who can assist you in finding the mortgage product that is right for you.

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