CITY OF BUFFALO DOWN PAYMENT & CLOSING COST ASSISTANCE PROGRAM
The City of Buffalo has re-released funds to help first-time homebuyers with their down payment and closing costs up to $5,000. This 0% interest, deferred & forgivable loan ("conditional grant") must only be paid back if you sell or vacate your home within five years.

ELIGIBILITY REQUIRMENTS

  • Purchase must be within the City of Buffalo
  • Open to single-family homes, owned and most recently occupied by the current owner
  • You must be a first-time homebuyer and the home must be your primary residence
  • Your income must fall between 50%-80% of HUD guidelines
  • Income will be adjusted according to household size 
  • You must remain in the home for five years or face repayment of the loan in full
  • You must qualify for a mortgage loan with an approved financial institution 
  • You must take a Homebuyer Education Course.

*For more details, consult the City of Buffalo Program Guidelines


WEST SIDE NHS DOWN PAYMENT & CLOSING COST ASSISTANCE LOAN
First-time homebuyers can borrow up to $7,500 from West Side NHS to help with their purchase. This program is funded through our NeighborWorks America Revolving Loan Fund. Interest rates may vary based on your income and whether you've selected a conventional mortgage product, or one insured by FHA. 

ELIGIBILITY REQUIRMENTS

  • Must be in the City of Buffalo, Tonawanda, Kenmore, Cheektowaga, Depew, or West Seneca
  • You must be a first-time homebuyer (free and clear of property for at least 3 years)
  • You must be purchasing the home as your primary residence.
  • You must invest at least 3.5% or $500.00 of your own funds towards your purchase.
  • You must qualify for a mortgage loan with an approved financial institution
  • For FHA mortgages: your income must be at or below 110% of the HUD income guidelines
  • You must take our Homebuyer Education Course

*Please note there is no income limit on conventional purchase mortgages

TO REGISTER
Click here for the Homeownership Counseling Application

You may email your completed application to the Homeownership Team, or you may mail a hard copy of your completed application to:

 Homeownership Counseling: New Client
 359 Connecticut Street
 Buffalo, NY 14213