Down Payment Assistance Loans
from HDF Connects
High housing costs can make it hard for first time homebuyers to save for a down payment. SmartMove loans help bring total payments in line with a family's budget by offering a second mortgage at a low fixed rate. When combined with a first mortgage that meets industry standards for sound lending, borrowers avoid paying for mortgage insurance and can save thousands of dollars over the life of the loan. Eligible homebuyers must receive counseling from an approved partner agency and fulfill education requirements.
- Put down as little as 1% of the purchase price towards your first home
- Receive down payment assistance for up to 20% of your home purchase price
- 20 year second mortgage loans at a low fixed rate
- Eliminate the need for private mortgage insurance
Partner Counseling Agencies
Start the counseling and homebuyer education process today with a local HUD-approved agency:Nassau/Suffolk Counties:
- Community Housing Innovations - chigrants.org
- Housing Action Council - housingactioncouncil.org
- NHS of NYC - nhsnyc.org
- Westchester Residential Opportunities - wroinc.org
Download the application today by clicking here.
HDF Connects is the name used by the Housing Development Fund, Inc. (HDF), a Connecticut-based corporation, for its operations in New York state. Click here to learn more.