This presentation is intended for informational purposes only, and contains proprietary information property of 1st Priority Mortgage, Inc.

1st Priority & SONYMA: A Winning Combination!

SONYMA: Graduate to Homeownership Program

Pilot program to provide housing incentives to encourage graduating students to purchase their first home in several upstate communities.

Program Benefits

• Great rates

• No additional rate increase for DPAL• The lowest rate offered by SONYMA, up to 3% of the purchase price or $3000, whichever is

greater

To Qualify?• First-time homebuyer; Graduated within the past 48 months from any US

accredited program.

• Associate’s, Bachelor’s, Master’s or Doctorate Degree

Where?

Glens Falls OswegoGeneva Middletown Oneonta PlattsburgElmira Jamestown

Low Down Payment

3% Down / 1% own funds

•No Monthly Payment

• Interest Free Loan (Recapture may apply)

Short Funds?DOWNPAYMENT ASSISTANCE AVAILABLE (DPAL)

Limited Credit?• No credit score requirement.

• Three trade-lines on credit report or alternative references.

• Allows non-traditional credit sources.

Student Loan Debt?

• Income based repayment allowed

• Expanded Ratios – 40/45

This presentation is intended for informational purposes only, and contains proprietary information property of 1st Priority Mortgage, Inc.