Yonkers First-Time Home Buyer Program: Up to 19% DPA
City of Yonkers (with Westchester Residential Opportunities) · City of Yonkers, New York
At a glance: Up to 19% of the purchase price, forgivable loan (forgiven if you meet the terms). First-time buyer: Required. Checked against the official page on Nov 10, 2026.
| Assistance type | Forgivable loan — Forgiven if you meet the terms |
|---|---|
| Amount | Up to 19% of the purchase price |
| Income limit | At or below 120% of area median income (for example $142,450 for 1 person or $203,550 for a household of 4) |
| Purchase price limit | Not verified on the official page — check the source |
| First-time buyer rule | Required |
| Status | Open |
| Status note | The fillable application is available on the official site. Download and complete the PDF, print and sign it, then submit it with supporting documents in person or by mail to Westchester Residential Opportunities, 470 Mamaroneck Avenue, Suite 410, White Plains, NY 10605. Do not email the application. Assistance is set through underwriting and depends on available funding. |
| Details | 0% interest deferred loan with no monthly payments, secured by a subordinate mortgage and forgiven after 5 years of program compliance. Closing costs are not covered. Buyers need a Yonkers connection (resident for at least 12 months, child of a qualifying resident, or owner of a Yonkers-based business), must contribute at least 1% of the price, complete HUD-approved homebuyer counseling and get program approval before signing a contract of sale. |
| Official source | https://www.owninyonkers.com/ (opens in new tab) |
| Last checked | Nov 10, 2026 (automated fetch) |
Go to the official program page ↗ Report a correction
Other New York programs
- HomeFirst Down Payment Assistance Program — Up to $100,000
- SONYMA Down Payment Assistance Loan (DPAL) — Greater of $3,000 or 3% of the purchase price (up to $15,000)
- SONYMA DPAL PLUS 2026 — Up to $30,000
Related updates
- Own in Yonkers DPA application is now available · Nov 10, 2026
- New Rochelle, NY expands DPA of up to 19% of the price · Oct 27, 2026
- Yonkers, NY launches DPA of up to 19% of the price · Oct 24, 2026
← All New York programs · Check eligibility · Compare with other programs
Common questions
How much is Own in Yonkers First-Time Homebuyer DPA?
Up to 19% of the purchase price (per the official page, checked Nov 10, 2026).
Is Own in Yonkers First-Time Homebuyer DPA a grant or a loan?
Forgivable loan: forgiven if you meet the terms.
Do I have to be a first-time homebuyer for Own in Yonkers First-Time Homebuyer DPA?
Required.
What is the income limit for Own in Yonkers First-Time Homebuyer DPA?
At or below 120% of area median income (for example $142,450 for 1 person or $203,550 for a household of 4).
How does Own in Yonkers First-Time Homebuyer DPA work?
0% interest deferred loan with no monthly payments, secured by a subordinate mortgage and forgiven after 5 years of program compliance. Closing costs are not covered. Buyers need a Yonkers connection (resident for at least 12 months, child of a qualifying resident, or owner of a Yonkers-based business), must contribute at least 1% of the price, complete HUD-approved homebuyer counseling and get program approval before signing a contract of sale.
Is Own in Yonkers First-Time Homebuyer DPA still available in 2026?
The official page listed it as open when we last checked on Nov 10, 2026. Funding can change, so confirm with the administrator.
Who runs Own in Yonkers First-Time Homebuyer DPA?
City of Yonkers (with Westchester Residential Opportunities), City of Yonkers, New York. Apply through the program or one of its participating lenders.
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