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New Rochelle, NY expands DPA of up to 19% of the price

Published · Homebuyer update · By the DPA Finder editorial team

New Rochelle, New York has expanded its first-time buyer down payment assistance, worth up to 19% of the price, to people who work in or used to live in the city.

The City of New Rochelle, New York has expanded its First-Time Home Buyer Down Payment Assistance Program. A 2026 expanded program fact sheet the city posted in October 2026 says eligible, approved buyers can get up to 19% of the purchase price toward the down payment, depending on their qualifications. The money comes from HUD's HOME Program and the city's Affordable Housing Fund, and Westchester Residential Opportunities (WRO) takes the applications.

The main change is who can apply. Besides current residents who have lived in New Rochelle for at least 12 months, the program now includes people with a full-time job based in the city, owners of a New Rochelle business, and former residents who lived there for at least two years. Buyers must not have owned a home in the past three years, though the fact sheet says that rule is waived for U.S. military veterans with a DD-214 showing honorable service.

Household income must be at or below 80% of area median income, which the fact sheet lists as $88,100 for one person and $125,850 for a household of four in Westchester County, and buyers need a documented income of at least $40,000 and the ability to get a mortgage. They must finish a homebuyer workshop at a HUD-certified nonprofit housing agency, put in at least 1% of the price from their own funds, and get a purchaser certificate before signing a contract of sale. The home must be in New Rochelle, pass a housing inspection, and appraise at no more than $661,000 for an existing home or $840,000 for new construction. Single-family homes, condos and co-ops can qualify.

Buyers must live in the home for five years. If they sell or go into foreclosure sooner, part of the help is paid back, with the amount owed dropping by 20% each year. For nearby and statewide options, see the Own in Yonkers listing, our New York page, the SONYMA Down Payment Assistance Loan, or read about forgivable down payment loans.

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