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Tips for Originating SONYMA Loans
Click on the above link to see our archive of weekly tips published in our Weekly Availability of Funds and Notice of Terms Bulletin.
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Closing Interest Rate Calculator
Click on the above link to determine the closing interest rate on a SONYMA loan. 


Lender Online 
Click on the above link to access SONYMA's Lender Online. Reserve SONYMA loans online, get loan statuses, print forms, and run pipeline reports using this internet-based reservation and information system. To download the Lender Online User Guide, click here


CCAL Calculator 
To assist you in determining the amount of closing cost assistance to be provided by SONYMA, download the most recent version of the Closing Cost Assistance Loan (CCAL) Calculator.


Lender Announcements:
Download the most recent lender announcements and Seller's Guide updates using Adobe Acrobat Reader.


Weekly Availability of Funds and Notice of Terms Bulletin:
Download the SONYMA Weekly Bulletin using Adobe Acrobat Reader.

Monthly Lender Notice:
Download the SONYMA Monthly Lender Notice using Adobe Acrobat Reader.


Program Comparison Chart
Use this handy chart to compare all of SONYMA's programs and determine which SONYMA program is right for your customer. Download the most recent Program Comparison Chart using Adobe Acrobat Reader.


Application & Closing Forms: (Updated 8/2010)
Download SONYMA mortgage application and closing forms using Adobe Acrobat Reader.


Project Set-Aside Approval List

Download SONYMA's Project Set-Aside Approval List using Adobe Acrobat Reader.

This Project Set-Aside Approval list is designed to provide you with certain information pertaining to SONYMA's approved condominium and co-operative projects.  The Project Set-Aside number (PSA #) must be utilized when reserving the loan on our Lender Online (LOL) system.  If the development does not appear on the Lender Online (LOL) drop-down, please contact our Project Set Aside Director, Marie Cammarata, at 212-872-0401, for assistance. If you see that the number of units are near or close to the allotted loans available for financing, we strongly recommend that you contact us to see if any units are available for financing. This report is updated bi-weekly and may not be up to date at the time of your reservation. If our project approval has expired, please fax (917-274-0401) or email (mcammarata@nyhomes.org) the following documents to us for review: 

1. Any amendments filed since the project was approved;
            2. A recent appraisaland
            3. An updated Project Set-Aside Builder/Developer/Sponsor Information Form.    

(http://www.nyhomes.org/Modules/ShowDocument.aspx?documentid=4539)

Disclaimer: While SONYMA will make every effort to ensure that the information contained in the project list is accurate, it does not guarantee so. The report will be updated twice per month. If the number of Loans Available for Reservation is low, please contact Marie Cammarata at (212) 872-0401 or mcammarata@nyhomes.org before registering a loan.


Seller's Guide  

Download Seller's Guide  (Excludes Exhibits and Appendices) using Adobe Acrobat Reader.  For Seller's Guide updates, refer to Lender Announcements and Technical Training Seminar Notes.


Income & Purchase Price Limits:
Download the current Income and Purchase Price Limits Charts using Adobe Acrobat Reader.

Archive of Prior Limits
Download prior versions of Income and Purchase Price Limits Charts using Adobe Acrobat Reader.


    Procedures for Transferring Servicing to SONYMA's Master Servicer (Revised 12/09)
    For Lenders not servicing SONYMA loans, download procedures to transfer servicing using Adobe Acrobat Reader.


    Recapture Provision Chart:
    Download the most recent Recapture Provision Charts using Adobe Acrobat Reader.


    Brochures & Info:
    Download the most recent SONYMA brochures/flyers using Adobe Acrobat Reader.


    Technical Training Seminar Notes
    Download the latest handouts from SONYMA's training seminars designed to answer all your questions on:


    Targeted Areas Listing:
    Download SONYMA Listing for Federally Approved Target Areas for Economic Development using Adobe Acrobat Reader.

    To obtain a census tract or BNA and block group for a property, click here to be directed to the U.S. Census Bureau website.


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    Last updated: 9/3/2010 8:11:15 AM