SONYMA offering 2% mortgages for Habitat for Humanity-built homes

The State of New York Mortgage Agency (SONYMA) is launching an innovative $5 million, 2% fixed-rate mortgage program in support of the Habitat for Humanity homeownership program in NYS. The program will create new resources for affordable home production across the state. SONYMA will also offer closing cost assistance to borrowers as part of its low-cost mortgage partnership with Habitat.

Tags: Finance

Reprint

Previous Story Next Story

Meridian Capital Group arranges $29.65 million construction loan for single-family residential development

Plano, TX Meridian Capital Group has arranged $29.65 million in construction financing for the first phase of a single-family residential community located at 2601 East Parker Rd. The 80% loan-to-cost, non-recourse financing was provided by Arixa Capital and