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Making Home Ownership More Affordable

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GRB participates in a number of special promotions and lending programs designed to make the dream of owning a home more accessible.

GRB and the Federal Home Loan Bank of New York (FHLBNY) work together to provide grant assistance to qualified first-time homebuyers. The Homebuyer Dream ProgramTM provides grants of up to $15,000 towards the purchase of a home in New York.

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Homebuyer Dream Program* (HDP) eligibility requirements

  • Must be first-time homebuyers (have not owned a home individually or with a spouse in the last three years)
  • Reside and purchase a home in New York
  • Have a household income at or below 80% of area median income (i.e., in Monroe County up to $62,240 for 1- and 2-person households, up to $71,576 for 3+ person households as of August 2018)
  • Complete an accredited homeownership course
  • Meet the income and credit requirements for the program
  • Have the minimum equity contribution of $1,000 toward purchase of the home
  • Remain in the home for five years or repay a portion of the grant funds back to FHLBNY

Important information

  • Up to $14,500 in grant funding is available to be applied to down payment and closing costs
  • Up to $500 in grant funding is available to offset the cost of the homeownership course

Find out if you qualify 

Fill out this form and a GRB Mortgage Originator will contact you within one business day to answer any questions on Homebuyers Dream Program or other mortgage loan options. Fields marked with an * are required.

Please do not include any non-public personal or sensitive information (such as SSN, account numbers, or income), as email messages may not be secure and/or confidential.

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*  The Homebuyer Dream Program is a registered trademark of the Federal Home Loan Bank of New York.  Additional program details will be forthcoming.  Please work with your GRB Mortgage Loan Originator to discuss your specific situation.