Financial Assistance

Ready to buy a home but struggling with your down payment? We may be able to help!

 

DUE ON SALE ASSISTANCE

  • Service Area: Tompkins County (outside the City of Ithaca)
  • Up to $30,000 for down payment and closing costs
  • Zero interest principal due when property is sold
  • Completion of accredited homebuyer course, homeownership counseling, and committee review before approval
  • Requires INHS home inspection
  • House price must be $165,000 or less

REGIONAL ASSISTANCE LOAN

  • Service area: Cayuga, Chemung, Cortland, Schuyler, Seneca, Tioga, and Tompkins counties
  • Up to $20,000 for down payment and closing costs (max 20% down plus closing costs)
  • Quick pre-approval: two weeks from application to commitment
  • Requires 2% buyer contribution
  • House price must be $250,000 or less
  • Low interest
 

All programs are dependent upon availability of grants and other funds. Not all programs listed may still be available. 

Loan eligibility is determined by household income limits and meeting funder and underwriting requirements. Rates are set monthly.

TO GET STARTED: 

Feel free to contact us directly with any questions. Email our Homeownership Team or contact them at 607-277-4500 ext. 503.