Homebuyer Dream Program

The 2023 Homebuyer Dream Program™ is underway. This limited-time grant program is available to first-time homebuyers. Participants may receive a grant of up to $10,000* for down payment and/or closing costs. Funding is available on a first come first served basis.

To qualify, you must meet the following eligibility guidelines:

Anyone listed on the mortgage must be considered a first-time homebuyer. (Someone who has not owned a home within the last three years)
Total household income must be within the income limitations that are based on the county where the property is located.
You must have $1,000 of your own funds to use toward the purchase of the home, and
Buyers must complete the required homebuyer certification course through an approved counseling agency.

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Not a member?

All eligible borrowers will need to become a member of the credit union and open their membership account prior to or at time of application. View membership eligibility.

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^{*Membership eligibility is required. Members must meet the income and credit requirements necessary to obtain a mortgage at SECNY FCU and be a first-time homebuyer. Up to $9,500 for down payment and/or closing costs and $500 towards the homeownership counseling costs.}

HDP funds are distributed on a first come first served basis. There is no guarantee that funds will be available when your Reservation Request is submitted. The grant is a Federal Home Loan Bank of NY program.

NMLS #402177