Construction Incentive Program

SONYMA's Construction Incentive Program was created in an effort to stimulate the construction of one  and two family homes. The program features 97% financing.

• Features and requirements of the Construction Incentive Program.
  
  
• Current interest rates for the Construction Incentive Program.

Down payment assistance is available for the Construction Incentive Program.

• Learn more about SONYMA's Down Payment Assistance Loan (DPAL).

All SONYMA Mortgage Programs require borrowers to meet certain Household Income and Purchase Price limits.

• SONYMA's Purchase Price Limits.
  
  
• SONYMA's Household Income Limits.
  
  
• Learn about special incentives in Target Areas.

To apply for a SONYMA loan you must contact one of over 50 Participating Lenders located statewide.

• SONYMA's Participating Lender List. 

To compare the Construction Incentive Program with all other SONYMA mortgage programs, see our Program Comparison Chart.