Home Buyer Education, Grants, and Loan Programs
Bishop Sheen Ecumenical Housing Foundation
First Time Home Ownership Loan Program
Eligible Counties: Monroe, Allegany, Cayuga, Chemung, Livingston, Ontario, Schuyler, Seneca, Steuben, Tioga, Tompkins, Wayne
Income limits apply
Maximum loan amount $3,000
Maximum loan term 5 years
Buyer required to invest own funds in transaction
Contact: Deborah Harris
585-461-4263 ext. 102
Website: www.SheenHousing.org
Flower City Habitat for Humanity
0% mortgages for Habitat homes.
Income and volunteer labor requirements apply
Contact: 585-423-7440
Ibero Development Corporation
For renovated homes
Price reduction grants
Closing cost assistance
Income limits apply
Home ownership education program available in Spanish.
Contact: 585-467-6410 ext. 24
Marketview Heights Association
First time home buyers
Home buyer education
Financial assistance for acquisition and closing costs
Contact: Amy Robbins, 585-423-1540
Website: www.marketviewheights.org
NeighborWorksฎ Rochester
First time home buyer class
8 Hr required class satisfies education requirement for several local lenders
Financial literacy class
Six-part class covering credit reports, budgeting, lending terms and practices, savings and investment.
Individual Financial Counseling
Help with credit repair, budgeting issues
Counseling for Individual Development Account (IDA) products offered by various banks.
Lead Hazard Inspections
For homes buyers who are considering a property for purchase
Contact: Eric Van Dusen
585-325-4170 ext. 316
Providence Housing Development Corporation
First time home buyer education
Matched savings programs
Assistance available in suburban Monroe County only
City properties not eligible
Contact: Lisa Alcott, 585-328-3228
Website: www.providencehousing.org
Regional Center For Independent Living (RCIL)
Serves individuals with disabilities and their families
First time home buyers:
Education, advocacy supports and home ownership skills
Money management/ budgeting
Benefits advisement
Accessibility and modification needs evaluation
Review of financial documents required for mortgage application
Contact: Jane Chase
585-442-6470 x 147
Email: jchase@rcil.org
HOME ROCHESTER
For First-Time Home Buyers
Single-family homes in the city of Rochester
Completely rehabilitated homes with a C of O
Buyer must occupy home between 3 and 10 years.
Funding Available for Homebuyers
Maximum grant $6,000 for down payment & closing costs
Income limits apply
Grant up to $5,000 to write-down interest rate for buyers getting mortgages from: M & T Bank, HSBC Bank or Citizens Bank.
Home buyer must have $1,000 down payment available upon signing purchase offer.
Home buyer must contribute additional $500 toward closing costs.
Contact: Miriam C. Zinter, Project Manager
Rochester Housing Development Fund Corporation
585-423-6326
Website: www.grhp.org
Rural Development (USDA)
Subsidized mortgages through the U. S. Department of Agriculture.
Interest rates 1 - 8%
Available in Monroe County south of the Thruway and west of Manitou Road
Borrower income limits apply
New construction and existing homes
Maximum loan amount $80,000 - $85,000
Contact: 585-343-0442
Rural Opportunities, Inc.
Homebuyer Education and Counseling
10 -12 hour Homebuyer Education course
Follow voice message instructions to register for an Information Session.
Call the Information Line below:
Monroe County: 585-340-3302,
Carleen Wade cwade@ruralinc.org
Genesee and Orleans Counties: 585-343-7297
Tammy Hyman . - thyman@ruralinc.org
Ontario and Wayne Counties: 585-234-3565
Dee Frey dfrey@ruralinc.org
The Home Store
Home buying assistance for first-time low and moderate-income home buyers
Services:
Pre and Post Purchase Home Buyer Education Workshops
One-on-One Counseling (financial, mortgage, etc.)
Financial Education Workshops
Down Payment/Closing Cost assistance
Contact: Evelyn Garcia
585-325-6530 ext. 3078
If you have any questions call our Housing Hotline at 585-546-3700 or e-mail your question to us at info@thehousingcouncil.org
