2009 Suffolk County Down Payment Assistance Program

By
Real Estate Sales Representative with Legend Residential Sales LLC

Suffolk County is offering down payment assistance for first time buyers!

Starting May 1, 2009, applications will be available from the Community Development office.  First come, first serve, so if you qualify, make sure you get your application in.  This program is available to first time buyers (or if you have not owned a home in the past 3 years), those who live or work in Suffolk County as of April 1, 2009, and who meet the income guidelines.

There are guidelines for income, the property being purchased, and the area of the home.  However, what a great program for those who qualify!  This program will assist in 75% of the down payment, up to $14,000.

Household

Maximum

Size

Income

 

 

1

$ 57,000.00

2

$ 65,150.00

3

$ 73,300.00

4

$ 81,450.00

5

$ 87,950.00

6

$ 94,450.00

7

$ 101,000.00

8 or more

$ 107,500.00

Home must be located in the Suffolk County HOME Consortium area.  Homes located in the Town of Islip and Town of Babylon are not part of this program. 

The appraised value of the home to be purchased may not exceed $380,000.

Comments (2)

Thomas McGiveron
Long Island Real Estate Market: Douglas Elliman - Medford, NY
Thomas McGiveron Lic. R.E. Broker Associate

Awesome - Any web links for this?

www.2familyhomes.com

May 06, 2009 10:00 AM
Jenefer Joseph
Jenefer Joseph & Associates-516-642-4435 - Valley Stream, NY
Valley Stream Real Estate Agent - Valley Stream Homes For Sale

Great post, I have been looking for programs like this and most seem to have disappeared in the last year. If you could post any link or contact numbers that would be helpful.

May 13, 2009 03:30 PM