HOME LOANS & GRANTS
Home HeadQuarters offers financial products and services designed to help low- to moderate-income homeowners achieve and sustain safe and affordable homeownership in the City of Syracuse and Central New York.
NEW - The Rental Next Door Program
Home HeadQuarters offers financing to homeowners who want to own or renovate rental property in their neighborhood. The program provides qualified applicants with loans to cover the cost of purchasing a vacant property and/or renovating property into one or more suitable rental units.
- The program currently offers loan terms of up to 15 years with a 6.99% interest rate.
- 90% maximum Loan to Value after rehab.
- Loans average around $50,000.
- Owner must reside in Onondaga County
- Owner must demonstrate a good track record of tax payments
- Property must have a positive cash flow.
- Property must be a 1-4 unit residential property.
- Owner must provide at least 10% equity towards the purchase or rehab.
Are you looking to buy a home in the City of Syracuse or Central New York? HHQ offers down payment and closing cost assistance and first mortgage loans to qualified first-time buyers. We also provide flexible capital to investors interested in acquiring and rehabilitating vacant and/or foreclosed properties for affordable rental housing.
Shannon and Carlos are both life-long residents of Syracuse who learned about HHQ when Shannon’s sister took our Home Buyer Education Course. After getting married, they said to themselves, “If we can pay for a wedding, we can afford a home!” In April 2013, they met with Rey Ortiz and Mary Jo Richer, two realtors from CNY Affordable Realty, a HHQ affiliate, to start the process of buying their first home.
While there were some definite ups and downs in their home buying journey, Shannon and Carlos patiently saved their money and paid down their debt to improve their credit. In the early spring of 2014, Rey showed them a home that HHQ had just purchased from the Greater Syracuse Land Bank. While the home was in need of significant repairs, Shannon could see the potential, and when Rey told them about the planned improvements, they were sold.
After submitting an accepted purchase offer, Carlos and Shannon worked with our lending team who helped them secure a down payment and closing cost assistance grant and a low-interest first mortgage through HHQ. Carlos, Shannon and their two boys moved into their new home in the fall of 2014. When asked if they would recommend HHQ to others, they said, “Every day to everyone!”
Affordable Homes For Sale
View homes currently for sale through HHQ’s non-profit affiliate CNY Affordable Realty. Learn more.