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Digital Banking

We have transitioned all of our customers over to a new digital experience - Five Star Bank Digital Banking. This new comprehensive financial tool allows you to do all your banking from home or on-the-go.

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Homebuyer Dream Program

Make your dream home a reality.

 
Five Star Bank continues to be a participant in The Federal Home Loan Bank of New York’s (FHLBNY)Grant Programs. However, The FHLBNY has administered the maximum number of Homebuyer Dream ProgramTM grants for this round of funding. The next round of funding is scheduled for August 3, 2020.

 

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 for the county in which the household is purchasing
  • Have an executed purchase and sales contract prior to the funding reservation request
  • Have a minimum of $1,000 equity contribution toward the purchase of the home
  • Homebuyer must complete a homeownership counseling program prior to the funding reservation request
  • 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!
 
 
 
 
 
 
 
 
Fill out and submit the contact form below.
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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.