East Buffalo Down Payment Assistance Plus Program (DPAL+)

716-848-7616

716-907-4377

716-428-7017

Housing Down Payment Loans/Grants

Provides down payment assistance to help East Buffalo residents purchase homes. Assistance is provided in the form of grants to help with the purchase of a 1-4 unit single family home, condominium unit, coop unit, or manufactured home.

The DPAL + award will be sized to bring the applicants’ primary mortgage down to 80% of the loan to value of the home. The maximum award will not exceed $30,000 per applicant. The assistance may be used to pay for down payments, closing costs, and where necessary, a one-time Primary Mortgage Insurance payment.

DPAL+ must be used in conjunction with a State of New York Mortgage Agency (SONYMA) mortgage, and will be offered through three SONYMA participating lenders: Premium Mortgage, M&T Bank, and First Priority Mortgage.

Homeowners who receive an award under this program will sign a 10-year regulatory agreement. The award will be forgiven on a declining balance amortization schedule, such that the full award will be fully forgiven if the homeowner remains in the home with a sale or refinance for the full 10 years.

Call for information.

Residents of zip codes 14208, 14209, 14211, 14215, 14214, 14212, 14204, 14206, and 14210. Applicants must have a household income equal to or less than 60% of the Area Median Income. Since DPAL+ must be used in conjunction with a SONYMA mortgage, applicants must qualify for a SONYMA mortgage as a condition of receiving the DPAL assistance.

Contact any of the following SONYMA participating lenders to inquire about applying:
- M&T Bank at (716) 848-7616 or carmen.rodriguez@mtb.com
- Premium Mortgage at (716) 428-7017 or dwilliams@premiummortgage.com
- First Priority Mortgage at (716)907-4377 or anthonyrijos@1stprioritymortgage.com

None.

Aug 05, 2022