Whether you’re a first-time homebuyer or a veteran house hunter, our local mortgage loan officers will help you find your way home.
Key Features
-
Competitive Rates
-
Quick Decisions
-
Local Processing
- Competitive rates for home purchase, refinance or construction
- Available for primary residence, second homes, vacation homes or investment properties
- A variety of financing programs available:
- First-time homebuyer specials
- Fixed-rate and adjustable-rate mortgages
- Construction loans
- Expert mortgage loan officers available to assist with your home financing needs
- Free pre-qualification for extra confidence when buying your home
- Refinance your current home to access your equity
- Accommodating repayment terms that fit your budget
- Quick, local decision-making and processing right here in Central New York
- Attentive, friendly service from start to finish
Solvay Bank Mortgage Center
There’s a lot involved with buying a home. We’ll help you make sense of it all. Visit our mortgage center to locate a loan officer, review unfamiliar terms, and access additional mortgage resources.
Find mortgage and ARM rates here.
A mortgage pre-qualification is the first step in the homebuying process. Use a mortgage pre-qualification to understand exactly what kind of mortgage you’ll be able to afford — before you begin your house hunt.
Solvay Bank offers online mortgage pre-qualification that takes minutes to complete. Click the “Apply Now” button to get started.
Homebuyer Dream Program® Suite
Contact us today to see if you qualify for a grant for your home purchase.
At Solvay Bank, we’re committed to making homeownership attainable for everyone. We understand that saving for a down payment and closing costs can be a major barrier to homeownership. That’s why we offer the Homebuyer Dream Program®, the Homebuyer Dream Program® Plus, and the NEW Homebuyer Dream Program® Wealth Builder—three grant programs designed to help you cover your home’s down payment, closing costs, and homeownership counseling expenses. Eligible homebuyers can receive up to $30,000 in financial assistance, with funds available on a first-come, first-served basis.
Easy Assistance for Your Home Purchase
Solvay Bank works with the Federal Home Loan Bank of New York (FHLBNY) to provide you with a generous grant that can be used for your down payment, closing costs, and even homeownership counseling. We’re here to guide you through the process and make it simple to get the support you need.
Smart Option for First-Time Homebuyers
These programs are a great opportunity for first-time homebuyers who are ready to realize their dream of homeownership. The Homebuyer Dream Program® Suite offers valuable financial assistance to help you take that important step toward owning a home.
Learn More About Our Homebuyer Dream Program® Suite
To discover more about the Homebuyer Dream Program®, Homebuyer Dream Program® Plus, or the Homebuyer Dream Program® Wealth Builder, contact one of our Mortgage Loan Officers today. You can reach us at 315-484-2205 or email us at [email protected]. Let us help you take the first step toward homeownership.
Requirements for the Homebuyer Dream Program®
The Homebuyer Dream Program® is available if you:
- Are a first-time homebuyer or have not owned a home in the last three years (except for single parents and displaced homemakers who own only a primary residence with their spouse)
- Meet income eligibility requirements, including a household income at or below 80% of the median income in the county where you are purchasing a home
- Provide at least $1,000 down payment towards the purchase of the home
- Complete a homeownership counseling program
Requirements for the Homebuyer Dream Program® Plus
The Homebuyer Dream Program® Plus is available if you:
- Are a first-time homebuyer or have not owned a home in the last three years (except for single parents and displaced homemakers who own only a primary residence with their spouse)
- Meet income eligibility requirements, including a household income greater than 80% of the area median income (AMI), but not exceeding 120% AMI in the county where you are purchasing a home
- Provide at least $1,000 down payment towards the purchase of the home
- Complete a homeownership counseling program
Requirements for the Homebuyer Dream Program® Wealth Builder
The Homebuyer Dream Program® Wealth Builder is available if you:
- Are a first-time homebuyer or have not owned a home in the last three years (except for single parents and displaced homemakers who own only a primary residence with their spouse)
- Meet income eligibility requirements, including a household income equal to or less than 120% of the area median income (AMI) in the county where you are purchasing a home
- Reside within a majority-minority census tract, or qualify as a first-generation homebuyer
- Provide at least $1,000 down payment towards the purchase of the home
- Complete a homeownership counseling program
Get Started Today
- Make an appointment with a Mortgage Loan Officer. At your appointment, if qualified, you’ll sign the Enrollment Terms & Conditions which outlines the program requirements. You will also need to bring:
• Most recent 30 days of pay verification (paystubs, Sch. C, SSI, etc.)
• Last 2 years’ FEDERAL tax returns
• Last 2 years’ W-2s for all employment
• Most recent Bank Statements/Asset Accounts (two months for each account) - Complete an approved homebuyer education course. The course can answer questions about the home buying process and prepare you for purchasing a home.
- Qualify for a Solvay Bank mortgage. Your Mortgage Loan Officer will guide you through this process to see if you qualify for this mortgage. If approved, at closing you will also sign a subordinate mortgage for the Homebuyer Dream Program® grant. Your grant term is forgiven after five years; however, if your home is sold prior to five years, under certain circumstances, you may have to repay all or a portion of the grant.
To learn more about the Homebuyer Dream Program®, as offered by Solvay Bank, contact one of our Mortgage Loan Officers today at 315-484-2205 or [email protected].
HomeReady™ Mortgage Program
This low down payment mortgage is designed to help serve today’s creditworthy low-income borrowers.
To find out if you qualify, please contact one of our Mortgage Loan Officers at 315-484-2205.
Onondaga County Homeownership Program
The Onondaga County Homeownership Program purchases, rehabilitates, and sells single-family homes at a subsidized price to qualifying homebuyers. As a partner lender in this Program, we offer mortgage financing options to qualified applicants. Onondaga County determines the eligibility for the grant.