Mid-Island Mortgage Corp. Logo you always have a home with us!

mortgages > SONYMA Mortgages

SONYMA mortgages

Making the Dream of
Home Ownership Possible in New York
SONYMA creates affordable homeownership opportunities for low- and moderate-income first-time homebuyers and other qualifying homebuyers, and to provide mortgage insurance for qualifying real property loans.

  • Available for New York properties only.
  • Low rates.
  • 3% down payment.
  • Available for qualified borrowers under SONYMA's income and purchase price limitations.
Which SONYMA Mortgage is right for you?

The State of New York Mortgage Agency (SONYMA) offers four mortgage programs to assist you with the purchase of a home in New York State. Each program features a below-market interest rate, low down payment requirements, no prepayment penalties, and offers closing cost assistance. Each of these features are designed to make your home purchase more affordable. All SONYMA loans are financed through the sale of tax exempt bonds.

  • Low Interest Rate Program
    SONYMA's standard mortgage program for a first-time homebuyer* purchasing a newly constructed or existing home.
  • Achieving the Dream
    Features the lowest interest rate of all SONYMA programs. Available to lower income first-time homebuyers.

*You do NOT have to be a first-time homebuyer to be eligible for this program if you are buying a home in a Target Area.

The Mid-Island Mortgage Corp. Difference.

What separates Mid-Island Mortgage Corp. from everyone else is our solid track record and proven stability since 1959. Mid-Island Mortgage Corp. is your personal mortgage banker, regardless of trends and market cycles. While many of the new players to the home mortgage field have abandoned the community, chasing the next "hot market" to take advantage of, Mid-Island Mortgage Corp. is still happily serving you, your family and your neighbors.

Our commitment to the thousands seeking the dream of home ownership is one of the many reasons we say "you always have a home with us!"


Equal Housing Lender Logo FHA Lender Logo MidIsland reviews
Mortgage on Zillow
 Mid-Island Mortgage Corp. BBB Business Review ;

home | mortgages | calculator | about us | mortgage Q & A | glossary | contact us

headquarters: 900 Merchants Concourse, Westbury NY 11590 NMLS ID #1259
regional office: 400 West Cummings Park - Suite 5800, Woburn MA 01801 NMLS ID #149657

Legal © 2000-2014 Mid-Island Mortgage Corp.®. All Rights Reserved - Privacy Policy
Licensed Mortgage Banker-NYS Department of Financial Services; MA Licensed Mortgage Lender/Broker #MC1259; Licensed by the NH Banking Department; RI Licensed Lender/Broker; Licensed by the NJ Department of Banking and Insurance; FL Mortgage Lender/Servicer; Virginia State Corporation Commission #MC-4685; ME Supervised Licensed Lender; Licensed by the PA Department of Banking and Securities; CT, DE, MD & MN Licensed Mortgage Lender; SCBOFI Mortgage Lender/Servicer; Illinois Residential Mortgage Licensee; Licensed with the North Carolina Commissioner of Banks; ND Money Broker; SD Licensed Lender; DC Mortgage Dual Authority Licensee;