The Town of Brookhaven HOME Down Payment Assistance Program will provide eligible first time homebuyers with up to $39,000 towards down payment/closing costs towards the purchase of an eligible new or existing single-family home, provided that the applicant is income eligible and meets all program requirements. Additional funding for down payment and rehabilitation may be available from the New York State Affordable Housing Corporation, if the applicant qualifies. The applicant must also be able to satisfy the mortgage lender's minimum down payment requirements and be able to secure a mortgage. Homeowners are required to reside in the home as their principle residence for a minimum of 10 years or HUD will require a full repayment of the HOME down payment assistance provided.
Please visit the Long Island Partnership website to submit an online application. Applications are being accepted on a first come first served basis until funding has been exhausted.
You are eligible for a free mortgage counseling session to see how much of a home you can afford and find out if there are any other incentives available to you. Visit the Long Island Housing partnership website to learn more about mortgage counseling.
For more information, call the Long Island Housing Partnership at 631-435-4710 and ask about the Brookhaven Town HOME Down Payment Assistance Program.