Homebuyer Dream Program

Making Home Ownership More Affordable

Man and his children in front of a sold sign for their new home.

Young woman with boxes unpacking in her newly financed home.

A young family unpacks after receiving home mortgage financing for their new home.

A single mom and her daughter unpack boxes in their new house.

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

Grants for First-time Homebuyers

The 2023 Homebuyer Dream Program will kick off on March 27, 2023. We are expecting additional details from the Federal Home Loan Bank of New York (FHLBNY), so please check back.

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 $10,000 towards the purchase of a home in New York. Participants must provide a minimum equity contribution of $1,000.

Homebuyer Dream Program Eligibility

  • 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
  • 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 $9,500 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

Looking for other mortgage lending options? GRB provides mortgage grants, discounts, and other programs for buyers throughout Upstate New York.

Find Out If You Qualify for the Homebuyer Dream Program

  • Fill out this form and a GRB Mortgage Originator will contact you within one business day to answer any questions on Homebuyer 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. Users must be of legal age to enter into a contract to begin the mortgage application process.

  • This field is for validation purposes and should be left unchanged.

* 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.