A Trusted, HUD-Certified, Housing Counseling Nonprofit Agency in Brooklyn, NY

Down-Payment & Closing-Cost Assistance

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HomeFirst Down-Payment Assistance Program

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The HomeFirst Down Payment Assistance Program provides qualified homebuyers with up to $100,000 toward the down payment or closing costs on a 1-4 family home, a condominium, or a cooperative in one of the five boroughs of New York City.

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• HomeFirst Term Sheet

• HomeFirst Brochure

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​To qualify for the program through us, a prospective home buyer must meet all of the following criteria:​

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• Be a first-time homebuyer

• Complete a homebuyer education course taught by an HPD-approved counseling agency

• Have their own savings to contribute to the down payment or closing costs

• Meet program income eligibility requirements

• Make a minimum down payment of 3% of the purchase price towards the home purchase, 1% of the contract deposit must be sourced from the buyer's own funds

• Purchase a 1-4 unit family home, a condominium, or a cooperative for owner-occupancy in one of the five boroughs of New York City

• Pass a Housing Quality Standards (HQS) inspection before purchase

• Live in the home for at least:

  • 10 years if the loan received is less than or equal to $40,000

  • 15 years if the loan is greater than $40,000

• Have a maximum household income up to 80% AMI (see chart below)

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Other eligibility criteria and restrictions may apply, including purchase price limits.

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FOR MORE INFORMATION: Please register for our next webinar for more details.

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HomeFirst applications may be submitted by the homeownership counselor after one-on-one counseling with eligible home buyers.