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  • PROGRAM OVERVIEW

    If you are a first-time home buyer seeking to purchase a home within the City of New Rochelle, you may be eligible for the City’s new First-Time Home Buyer’s Down Payment Assistance Program. The program will provide eligible and approved applicants up to 19% of the purchase price of a single-family home depending on the qualification of the homebuyer and is towards the down payment on a new home. The program is funded through a combination of local and federal dollars through the United States Department of Housing and Urban Development’s HOME program and the City’s Affordable Housing Fund.

    AM I ELIGIBLE?

    Check here to see if you are eligible for the Down Payment Assistance Program

    - Be a New Rochelle Resident
    - Be a First-Time Homebuyer (or have not owned
    a home during the 3-year period immediately prior)
    - Contribute, from own funds, at least 1% of the
    purchase price towards the down payment.
    - Have a documented minimum annual household
    income of at least $40,000
    - Have sufficient financial resources and credit to
    qualify for a mortgage.
    - Have a pre-approval for a Mortgage Loan

    See all other additional requirements in the Eligibility Criteria and Fact Sheet documents below.

    PROGRAM GUIDELINES
    FACT SHEET

    APPLICATION

    Apply to the First-Time Home Buyer Down Payment Assistance Program.

    Instructions:
    1. Download the Application below and fill out
    2. Collect all documents required to support the application
    3. Mail or drop the application together with documents at:
    Westchester Residential Opportunities
    470 Mamaroneck Avenue, Suite 410
    White Plains, NY 10605

    APPLY NOW

    IMPORTANT UPDATE

     

    NEW Income Guidelines and Property Value Limit

     

    LEARN MORE

     

     

    FORMS

     

    NEW Homebuyer and Pre-Contract Agreements

     

    HOMEBUYER AGREEMENT

    PRE-CONTRACT AGREEMENT

     

     

    Upcoming Events

     

     

     

    Questions?

    Please submit your questions about the program and application process via the following form:

    New Rochelle

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