NAHB has more detailed information about the Tax Credit. Information about New York State programs for 1st-Time Home Buyers including SONYMA mortgage programs and Home Ownership Assistance for NY State and Long Island. How Much Can You Afford? Before you start your home search you need to find out how much you can afford and then obtain a Mortgage Pre-Approval Letter. A Mortgage Calculator will show you how much you’ll pay each month.
Choosing a Home — Confused by the process of buying a home? Not sure what you can afford? When selecting a home that will hold its value – What should you look for?
Cheryl’s Buyers Guide explains the buying process and includes worksheets and Scorecards for rating homes that you view. First Place Buyers Guide at HGTV’s FrontDoor web site has a range of information for buyers. HUD discusses a step-by-step process to purchasing a homeMortgage rates are the lowest they’ve been since the 1950s.