Receive up to $30,000 towards the purchase of a home
The Homebuyer Dream Program® (HDP) is a grant program financed by the Federal Home Loan Bank of New York (FHLBNY) to assist individuals and families with the purchase of their first home.
Homebuyer Dream Program® Overview
- First-time homebuyer
- A grant of up to $30,000 per household
- Grant usage for for down payment, closing cost assistance, and first-time homebuyer counseling
- Low down payment
- Available on a first-come, first-served basis
Discover Your Program
The full suite of programs includes the Homebuyer Dream Program, Homebuyer Dream Program Plus, and Homebuyer Dream Program Wealth Builder.
| |  Homebuyer Dream Program® | Homebuyer Dream Program® Plus | Homebuyer Dream Program® Wealth Builder |
| Requirements | First-Time Homebuyer | First-Time Homebuyer | First-Time Homebuyer must either reside in a majority-minority census tract or qualify as First-Generation Homebuyer |
| Area Median Income (AMI) Limits | ≤ 80% AMI | > 80% AMI But not to exceed 120% AMI | ≤ 120% AMI |
| Purchase Property Occupancy | Owner-occupied primary residence | Owner-occupied primary residence | Owner-occupied primary residence |
| Grant Usage | Down payment, closing cost assistance, and first-time homebuyer counseling | Down payment, closing cost assistance, and first-time homebuyer counseling | Down payment, closing cost assistance, and first-time homebuyer counseling |
| Maximum Grant | Up to $30,000 per household | Up to $30,000 per household | Up to $30,000 per household |
| Minimum Homebuyer Contribution | $1,000 total | $1,000 total | $1,000 total |
| 5-Year Retention Period | ✔ | - | - |
| Homebuyer Counseling | ✔ | ✔ | ✔ |
Frequently Asked Questions:
CNB Mortgage Company - Licensed New York Mortgage Banker, NYS Department of Financial Services, NMLS ID 213408.
CNB Mortgage Company is a wholly owned subsidiary of Canandaigua National Bank & Trust.
Canandaigua Office - 72 South Main Street, Canandaigua, NY 14424, (585) 394-9100 | Pittsford Office - 63 Monroe Ave, Suite A, Pittsford, NY 14534, (585) 385-2370
