At Kearny Bank, we're committed to helping you achieve your dreams. As a first-time home buyer, you deserve dedicated guidance and options designed with your unique needs in mind. Working with the Federal Home Loan Bank of New York, these programs make homeownership more attainable than ever. Our mortgage advisors are here to support you every step of the way.
Benefits
Get up to $29,500 to use towards:
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- Down payment on your new home
- Mortgage closing costs
- First-time homebuyer education and counseling
Speak with a Mortgage Advisor to learn whether you may be able to combine the Homebuyer Dream Program® or the Homebuyer Dream Program® Plus with the Homebuyer Dream Program® Wealth Builder.
Eligibility Requirements
- Must be a first-time homebuyer (for Homebuyer Dream Program Wealth Builder, must also be a first-generation homebuyer or live in a Majority-Minority Census Tract).
- Purchase an eligible property in New Jersey or New York.
- Property must be owner-occupied primary residence.
- Must provide a fully executed Purchase and Sales Contract.
- Minimum $1,000 equity contribution required.
- Homeownership counseling required.
- For Homebuyer Dream Program only, 5-year real estate retention agreement required.
- Income restrictions apply.
- Other restrictions may apply. Speak with a Mortgage Advisor to learn more!