MEMBER PROFILE

Enzo Saccuccimorano

I like to save every week at the Student Credit Union because I like to watch my money grow. Everyone needs money to survive. I’m not saving for anything in particular, but I like the ability to choose how and when I spend my money.

SONYMA (State of New York Mortgage Agency) Mortgages

SONYMA is dedicated to providing affordable home ownership opportunities to low- and moderate-income families in the State of New York by offering low interest rate mortgages.

Alternatives offers most of SONYMA's mortgage programs:

• Achieving the Dream
• Low Interest Rate
• Homes for Veterans
• Construction Incentive
• Habitat for Humanity

SONYMA Mortgage Features are:

• Usually below-market interest rates
• No points
• Down Payment Assistance Loans (DPAL) are available
• First-time homebuyer criteria is waived for veterans and properties in "target areas"
• Alternatives can draw together funding from other sources to help decrease your loan amount (ex: Ithaca Neighborhood Housing Services, Better Housing for Tompkins County, Tompkins Community Action, etc.)
• Any Federal Recapture Tax (IRS) will be reimbursed by SONYMA
• Energy STAR labeled homes get DPAL without the rate increase (Construction Incentive and Achieving the Dream programs only)

LEARN MORE!
To learn more about how Alternatives can help you with a low-interest SONYMA mortgage, please contact Brian Kunk-Czaplicki (216-3409).