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Homebuyer Dream Program®

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Contact us to see if you qualify for a grant to help with the purchase of your home

At Solvay Bank, we want to help make buying a home an attainable goal for everyone. For many, saving for a down payment and closing costs is the main challenge. With the Homebuyer Dream Program®, you can receive a grant up to $10,000 for your home’s down payment, closing costs, and homeownership counseling costs! Funds are available on a first come, first served basis. 


Easy: We provide assistance to help you obtain a generous grant from the Federal Home Loan Bank of NY (FHLBNY) to use toward your home’s down payment and closing costs.


Smart: A great way for qualifying first-time homebuyers to realize their homeownership dream.


To learn more about the Homebuyer Dream Program®, as offered by Solvay Bank, contact one of our Mortgage Loan Officers today at 315-484-2205 or [email protected].

  • The Homebuyer Dream Program® is available if you: 
  • Are a first-time homebuyer or have not owned a home in the last three years (except for single parents and displaced homemakers who own only a primary residence with their spouse)
  • Meet income eligibility requirements, including a household income at or below 80% of the median income in the county where you are purchasing a home
  • Provide at least $1,000 down payment towards the purchase of the home
  • Complete a homeownership counseling program
  • Qualify for and obtain a mortgage at Solvay Bank
  1. Make an appointment with a Mortgage Loan Officer. At your appointment, if qualified, you’ll sign the Enrollment Terms & Conditions which outlines the program requirements. You will also need to bring:
    • Most recent 30 days of pay verification (paystubs, Sch. C, SSI, etc.)
    • Last 2 years’ FEDERAL tax returns
    • Last 2 years’ W-2s for all employment
    • Most recent Bank Statements/Asset Accounts (two months for each account)
  2. Complete an approved homebuyer education course. The course can answer questions about the home buying process and prepare you for purchasing a home.
  3. Qualify for a Solvay Bank mortgage. Your Mortgage Loan Officer will guide you through this process. At closing, you will also sign a subordinate mortgage for the Homebuyer Dream Program® grant. Your grant term is forgiven after five years; however, if your home is sold prior to five years, under certain circumstances, you may have to repay all or a portion of the grant.