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City of Yonkers Down Payment Assistance Programs

1 local down payment assistance program for homebuyers in the City of Yonkers, checked against the official page.

City of Yonkers down payment assistance at a glance (2026)

ProgramAmountTypeFirst-time buyerIncome limitPrice limitStatus
Own in Yonkers First-Time Homebuyer DPAUp to 19% of the purchase priceForgivable loanRequiredAt or below 120% of area median income (for example $142,450 for 1 person or $203,550 for a household of 4)Not statedOpen

Income and price limits often vary by household size. Look up your county's area median income and HUD income limits.

Local programs

Own in Yonkers First-Time Homebuyer DPA

Forgivable loan

City of Yonkers (with Westchester Residential Opportunities)

Amount
Up to 19% of the purchase price
First-time buyer
Required
Status
Open
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)
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.

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.

Last checked Nov 10, 2026 · Official source (opens in new tab) ↗

Other local programs in New York

Statewide help in New York

You may also qualify for 2 statewide New York programs. Local and state assistance can sometimes be layered; confirm with each administrator.

Check eligibility for New York How to apply

Compare these programs · AMI / income limits · All New York programs

HUD-approved homebuyer counselors in New York (84)

Many down payment programs require a homebuyer class or counseling session. These agencies are approved by HUD and offer pre-purchase counseling or homebuyer education, usually free or low cost. From HUD's housing counselor list ↗, retrieved Nov 4, 2026.

Common questions

Does City of Yonkers offer down payment assistance?

Yes. We list 1 local program checked against official pages: Own in Yonkers First-Time Homebuyer DPA from City of Yonkers (with Westchester Residential Opportunities) (Up to 19% of the purchase price).

Do I have to be a first-time homebuyer for City of Yonkers assistance?

The official pages state: Own in Yonkers First-Time Homebuyer DPA: Required.

What are the income limits for City of Yonkers down payment assistance?

Published on the official pages: 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). Confirm current limits with the administrator.

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.

What else should I know about the status of Own in Yonkers First-Time Homebuyer DPA?

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..

Can I combine City of Yonkers assistance with statewide New York programs?

Sometimes. New York also has 2 statewide programs listed here; whether they can be layered with local help depends on each program's rules, so ask both administrators.

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