The 2026 Homebuyer Dream Program will begin accepting applications on February 9, 2026. Details below.

LNB and the Federal Home Loan Bank of New York (FHLBNY) work together to provide grant assistance to qualified first-time home buyers. The Homebuyer Dream Program™ provides grants of up to $20,000 towards the purchase of a home in New York. 

Important information:

• The Homebuyer Dream Program is a registered trademark of the Federal Home Loan Bank of New York. Additional program details are available on the Federal Home Loan Bank of New York website. Please work with your LNB Mortgage Specialist to discuss your specific situation

For more information on the Homebuyer Dream Program, Eligibility requirements

• Must be first-time home buyers**
• Reside and purchase a home in New York
• Have a household income at or below 80% of area median income
• Complete an accredited homeownership course
• Meet the income and credit requirements for the program
• Have the minimum equity contribution of $1,000 toward purchase of the home
• Remain in the home for five years or repay a portion of the grant funds back to FHLBNY

**First-time homebuyer as defined by the U.S. Department of Housing and Urban Development ("HUD"), is an individual who meets any of the following criteria:

• An individual who has had no ownership in a principal residence during the 3-year period ending on the date of the purchase of the property. This includes a spouse (if meets the above test, they are considered first-time homebuyers).
• A single parent who has only owned a principal residence with a former spouse while married.
• Individual who is a displaced homemaker and has only owned a principal residence with a spouse.
• An individual who has only owned a principal residence not permanently affixed to a permanent foundation in accordance with applicable regulations.
• An individual who has only owned a property that was not in compliance with state, local or model building codes and could not be brought into compliance for less than the cost of constructing a permanent structure.