Availability Update
Five Star Bank continues to be a participant in The Federal Home Loan Bank of New York’s Grant Programs. However, The Federal Home Loan Bank of New York has administered the maximum number of Homebuyer Dream Program grants for this round of funding. Please contact a Five Star Bank Mortgage Loan Originator for alternative mortgage solutions.
To qualify:
- Individual must be a first-time homebuyer as defined by the U.S. Dept. of Housing and Urban Development
- Household must have a total household income of 80% or below of the Area Median Income in which the household is purchasing
- Homebuyer must complete a homeownership counseling program
- Homebuyer must commit to 5-year retention period
For additional information, contact us at 1-877-226-5578, visit your local branch or fill out the form below!
This program is currently closed!
The Federal Home Loan Bank of New York has administered the maximum number of Homebuyer Dream Program grants for this round of funding. Please contact a Five Star Bank Mortgage Loan Originator for alternative mortgage solutions.
