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The State of New York Mortgage Agency (SONYMA or Sonny Mae) is a New York State public-benefit corporation created in 1970 by the state government of New York to provide affordable homeownership to low-and moderate-income New Yorkers. [1] [2] It offers affordably priced fixed-rate mortgages through several mortgage programs for eligible homebuyers.
First-time buyers often face a number of obstacles to purchasing their home. With an average age of 35, according to the National Association of Realtors, first-time homebuyers are 23 years younger...
Nonprofit programs. Nonprofit programs can offer exceptional value to first-time homebuyers seeking an affordable mortgage. These options tend to be reserved for homebuyers with paychecks that are ...
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Date/Time Thumbnail Dimensions User Comment; current: 01:05, 29 September 2010: 633 × 476 (444 KB): ZooFari {{Information |Description={{en|1=Map of New York counties.}} |Source={{own}} |Author=ZooFari |Date=2010-09-28 |Permission= |other_versions=File:Map of New York County Outlines.svg}} Category:Maps of New York
Historically, the large publicly traded homebuilders have always offered some form of an incentive to sell homes. At times, it was a 2% to 3% discount of the selling price, Reichardt noted.
The 421-a tax exemption is a property tax exemption in the U.S. state of New York that is given to real-estate developers for building new multifamily residential housing buildings in New York City. As currently written, the program also focuses on promoting affordable housing in the most densely populated areas of New York City. The exemption ...
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