Homebuyer Dream 2024
As a bank, GRB is able to work with the Federal Home Loan Bank of New York (FHLBNY) to provide grant assistance to qualified first-time homebuyers. A second round of the Homebuyer Dream ProgramTM (HDP)* is open with grants of up to $20,000 towards the purchase of a home in New York. This is a program that is only available to members of the FHLBNY, mortgage brokers are not able to access grant funds for this program.
The FHLBNY uses an allotment program, providing lenders with a set amount of funding for the year. Funds are distributed to homebuyers on a first come, first serve basis.
The program begins accepting applications for funds on January 8, 2024, several months earlier than in past years.
This means it is critical that prospective Homebuyer Dream applicants begin working with their GRB mortgage originator now in order to be ready to apply when the program opens. GRB has team members able to serve residents throughout Western and Central New York.
Eligibility Requirements
Important Information
Find Out If You Qualify
For more information, contact our mortgage professionals.
It doesn’t cost anything to be prequalified and it puts you in the best position to be ready to buy.
Please note, the information in this post refers to the 2024 HDP. The Federal Home Loan Bank of New York assesses the HDP on an annual basis and the program is subject to change. Please go to our Mortgage Programs page for more information on the HDP and other grant and lending options.
* Homebuyer Dream Program is a trademark of the Federal Home Loan Bank of New York. Return to content.
** First-time homebuyer as defined by the U.S. Department of Housing and Urban Development (“HUD”), is an individual who meets any of the following criteria:
