SONYMA Own It, Fix It New York! Home- Mortgage

 

SONYMA Mortgages for New Yorkers

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If you are buying a home in Brooklyn New York that needs work and the estimated cost of the repairs is up to $25,ooo then you should speak to your lender about SONYMA Own It Fit It New York, Home Mortgage.

The SONYMA Own It Fix It New York  Home  Mortgage, provides financing to homebuyers for the purchase and repair of homes requiring no more than $25,000 in improvements.  It can be used for 1-2 family homes,  PUD and condominiums.

It is available under the SONYMA low interest rate program- The achieving The Dream Program and The Homes For Veterans Program.

“Financing up to the lower of 97% of the “after-Improved” appraised value or the purchase price, plus financeable repairs and allowable cost-  Downpayment assisance higher of $3,000 or 3% of th homes purchase price not to exceed $10,000.

Eligible repairs up to the lower of 20% of the “after-improved” appraised value or $25,000.

Renovation cost must be at a minimum of $1,000 to a maximum of the lower of 20% of the after improved appraised value or $25,000.

Note that the purchase price, the cost of repairs cannot exceed SONYMA’s purchase price limits.  Renovations must be completed within 90 Days of the closing.

Unless the purchaser is a full time licensed and insured contractor they cannot work on the home and must hire a licensed and insured contractor.

Check with your lender regarding this loan option.

Source: SONYMA

When you are ready to buy or sell a home in Brooklyn feel free to contact me at 917-861-9166.  I can assist you with all of your Brooklyn Real Estate needs.

Michele Cadogan

Fillmore Real Estate

Licensed Real Estate Associate Broker

www.brooklynhomebymichele.com

Brooklyn Real Estate Home Buyers

– interest rates are at an all time low and there are many Brooklyn Real Estate properties available.

Brooklyn Real Estate Home owners

If you are Thinking of Selling Your Brooklyn Real Estate Home

and need to know

how much your Brooklyn Real Estate Home Is Worth

and you are  looking for an agent who will give you personal service, give your Brooklyn NY  home maximum marketing  exposure to get  it sold :  Call me Michele Cadogan   for a Free Market Analysis of your Brooklyn New York Home.

Not ready to buy yet and looking for a Brooklyn apartment to rent, call me @ 917-861-9166

 

So, Whether you are Thinking of buying , selling  a Brooklyn Real Estate home  for sale , looking to rent an apartment in Brooklyn or simply want to know how is the Real Estate Market In Brooklyn regarding recently  homes sold in Brooklyn NY call me.

917-861-9166 (cell)

Michele Cadogan,SFR

 

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www.brooklynhomesbymichele.com

917-861-9166

Fillmore real Estate

2926 Ave J, Brooklyn  New York, 11210

718-253-9600

Licensed Real Estate Associate Broker

Brooklyn New York Neighborhoods

 

 

For Free Booklets Buying A Home in Brooklyn Does Not Have To Be Stressful , Selling Your Brooklyn Home Does Not Have To Be Stress or Short Selling Your Brooklyn Home – Short Sales Payoff Don’t Have To Be Stressful Call me at 917-861-9166 (cell)

Michele Cadogan

 

#BrooklynRealEstate

#MicheleKnowsBrooklynRealEstate

#BrooklynHomes

#HomesSoldinBrooklynNY

 

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About Cadogan's Brooklyn Real Estate Blog

Brooklyn New York Real Estate Associate Broker Michele Cadogan is a Brooklyn NY real estate professional who understands the Brooklyn Real Estate Market. She makes the process of buying and selling real estate in Brooklyn a good experience. A long time Flatbush Brooklyn resident, she has a tremendous appreciation of the borough, its great history and its diverse communities. With a degree in Political Science and Economics she brings a balance perspective to the Brooklyn NY real estate experience. Experience in marketing Brooklyn New York homes to local, national and global buyers, clients can always expect quality service Truly a professional in a people oriented business. So, when you are looking for a real estate agent in Brooklyn to help you buy or sell a Brooklyn Real Estate home call Michele. Brooklyn homeowners if you want to sell your home call Michele for a Free Market Analysis of your Brooklyn home at 917-861-9166 Not ready to buy or sell a home in Brooklyn and simply looking to rent an apartment in Brooklyn or just curious about the price of home in your Brooklyn neighborhood. Call : Michele Cadogan Fillmore Real Estate Licensed Real Estate Associate Broker 917-861-9166 Your Brooklyn Real Estate Professional Brooklyn Real Estate homes for sale #BrooklynRealEstateForSale #MicheleKnowsBrooklynRealEstate #BrooklynHomesForSale
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