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Updated about 6 years ago on .

Alexander George's profile image
Alexander George's profile image
Alexander George
  • Rental Property Investor
  • from Greater NYC Areas, NY
  • Member since Aug 18, 2014
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User Stats

50
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11
Votes
Alexander George's profile image
Alexander George's profile image
Alexander George
  • Rental Property Investor
  • from Greater NYC Areas, NY
  • Member since Aug 18, 2014
Connect
Alexander George
  • Rental Property Investor
  • Greater NYC Areas, NY
11
Votes |
50
Posts
Mortgage Brokers & Lenders

SONYMA "Low Interest Rates" Mortgage NY

Alexander George
  • Rental Property Investor
  • Greater NYC Areas, NY
Posted

I have been doing some research for financing options of a duplex on Long Island. NY has the SONYMA program: http://www.nyshcr.org/Topics/Home/Buyers/SONYMA/Lo...  

Is anyone able to lend some insight on these products, such as; what are the terms of occupancy for the borrower? 

The site only says that the borrower must "Occupy the SONYMA-financed home as their permanent residence." However, it does not provide any greater detail.

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