First Time Homebuyer

Our Mortgage Specialists are available at a mutually agreeable time at the office location most convenient for you.

Homebuyer Dream Program

The Homebuyer Dream Program helps reduce the cost to buy a home. First-time homebuyers may be eligible for grants up to $10,000. Funds are limited (with no guarantee of approval). You may eligible for $9,500 towards the down payment and/or closing costs of a one to four-family home or condo and $500 towards non-profit homeownership counseling.

The Program will be administered as one annual round for the submission of HDP Reservation Requests. The round will open on March 21, 2022 and remain open through November 30, 2022 or until funds are exhausted, whichever occurs first.

You must meet the following requirements to apply for a Homebuyer Dream Program grant.

  • Homebuyer Status: First-time homebuyer or no ownership of a home for the past 3 years
  • Household Income: 80% or below area median income (AMI) in the county of house purchase
  • Homebuyer Contribution: $1,000 minimum toward house purchase
  • Employment: Full-time employee (32+ hours/week)
  • Class: Must attend homeownership counseling class (cost covered by grant)
  • Other restrictions may apply, click "Find Out More" for additional guidelines

Household Income Limits

Dutchess County

1-2 Person Household
3+ Person Household
NeighborWorks HomeOwnership
291 Mill Street • Poughkeepsie, NY 12601
(845) 454-9288

Orange County

1-2 Person Household
3+ Person Household
Orange County RDAC
3 North Street • Walden, NY 12586
(845) 713-4568
PO Box 1086 • Newburgh, NY 12551
(845) 569-0770

Ulster County

1 & 2 Person Household
3+ Person Household
Rural Ulster Preservation Co. (RUPCO)
NeighborWorks HomeOwnership Center
289 Fair Street • Kingston, NY 12401
(845) 331-2140

For Information on other counties
Call Ulster Savings Bank at (866) 440-0391 Ext. 3253

FAIR LENDING STATEMENT: Ulster Savings Bank is committed to making high quality banking and credit services available to all applicants consistently and in compliance with fair lending laws and within the confines of safe and sound banking practices.  Ulster Savings Bank believes that its commitment to fair lending is a good business practice as well as a basic responsibility of the company.  The Bank’s success at serving a wide range of consumer and business customers is essential to the economic welfare of the community in which it conducts business and to the continued growth and vitality of the company. 
24/7 Debit Card Support: 866-440-0392
Calls from 800-262-2024 are from our fraud monitoring provider Enfact.
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