Closing Costs Assistance Program

Eligibility: First-time home buyers with a signed purchase offer planning to live and occupy the purchased home; first mortgage must originate with a bank, mortgage company, or credit union

Homes in the City of Syracuse: Purchase price of property cannot exceed $110,000, gross annual income must be less than 80% of the Area Median Income, there are no cash or cash-equivalent assets that are not being used toward the purchase of the property in excess of $7,500

For homes outside of the City of Syracuse, any of the following conditions:
- the purchase price of the property exceeds $110,000
- gross annual income is determined to be higher than 80% of the Area Median Income
- you have cash or cash-equivalent assets that are not being used toward the purchase of the property in excess of $7,500

Application Process: Complete the Homebuyer Education Orientation and Class, find a mortgage lender and get a pre-approval, decide on a home to purchase and submit purchase offer, secure a commitment letter and disclosures from mortgage lender, and complete application (available online)

Required Documentation: Signed purchase offer, proof of income for members residing in the household, copy of Federal Income Tax Returns from the last 2 years, copies of bank statements for the last 3 months

Fees: Must provide $500 of own funds toward the purchase of the home

Service Area: Cayuga, Cortland, Jefferson, Madison, Onondaga, and Oswego counties

Languages: Spanish

Staff Contact:

Fax: 315-474-0637

Business Line: 315-474-1939

Email: [email protected]

Website: https://www.homehq.org/

Address: 548 Erie Boulevard West
Suite 100
Syracuse NY 13204

Hours:
Monday - Friday, 8:30 AM - 5 PM

Accessibility: Fully Accessible

This program is offered by the following agency:

Home HeadQuarters