December 18, 2014

Loan Services

NYS-MAP New York State Mortgage Assistance Program

We fill out NYS-MAP Mortgage Assistance Program loans with required documents to help homeowners with a lien held against their property.

  • NYS-MAP funds are paid directly to the servicer or owner of the debt.
  • The maximum loan amount is $40,000. There is no minimum.
  • NYS-Map loans are at 0% interest and require no monthly payments.
  • NYS-Map loans become due when the home is sold, refinanced with cash-out, no longer owner-occupied, or, if none of these conditions are met, 30 years from the date of closing or after the primary mortgage matures, whichever is longer.
  • Finds are due in one lump sum. There is no early repayment penalty.

 

NYC HPD (HIP) HOME IMPROVEMENT LOANS (2.5% & 5%)

We fill out HDP (HIP) Home Improvement Loans with required documents to help homeowners repair masonry, roofing, plumbing, boiler/furnace replacements, and electrical wiring with low-cost interest loans.

NYC HPD (HIP LOANS)

Affordable 2.5% and 5% Loans for One to Four Family Loans

Needed Document:

  • Application from HPD
  • Contractors Cost Estimate
  • Utility Bill (to verify owner-occupancy)
  • Proof of ownership – Deed
  • Current IRS 1040 Tax Return
  • Copy of W2
  • Copy of 2 Pay stubs
  • Certificate of Housing Deficiencies from HPD

Borrow $2000-$30,000 and pay back loan over a maximum of 10 years. Must be the owner-occupant of the home.