Homebuyer Dream Program
Magyar Bank, in conjunction with the Federal Home Loan Bank of New York, has developed a program exclusively for low and moderate income families looking to buy their first home. Participants who meet the new program's eligibility requirements may receive up to $14,500 in grant funds to assist in covering the down payment and closing costs.
The new Homebuyer Dream Program will be launched by the Federal Home Loan Bank of New York on Monday, July 8th, 2019. The program will remain open for applicants' requests until grant funds have been exhausted or until Friday, November 29th, 2019. As this program has replaced the First Home Club Program, there are a new set of guidelines for eligibility.
Please Visit the Federal Home Loan Bank of New York for complete HDP Program Guidelines.
To learn more about this program and Magyar Bank, please call Frank Lankey at 732-342-7600, ext. 111.