Government
Mortgages

If you are looking to buy a home, a government-backed home loan or a mortgage assistance program could help.

Experience matters and we’re here to help you find the right mortgage to fit your situation. Our Mortgage Specialists are available at a mutually agreeable time at the office location most convenient for you.


State of New York Mortgage Agency (SONYMA) Mortgage

The SONYMA offers programs to assist first-time home buyers with the purchase of a home in New York. These programs feature competitive interest rates, low down payment requirements, and down payment assistance. Income and purchase price restrictions may apply based on your family size and the area you are buying in.


United State Department of Agriculture (USDA) Home Loan

A USDA home loan is a zero down payment mortgage available in areas designated by the government as eligible. These loans are issued through the USDA (Rural Development Guaranteed Housing Loan Program) by the United States Department of Agriculture and allow for financing up to 100% of the appraised value in some cases.


Federal Housing Administration (FHA) Mortgage

The FHA mortgage program is one well-known example of a government-insured loan program. FHA loans are available to a variety of borrowers, including first-time home buyers. These programs feature competitive interest rates, low down payment requirements, and down payment assistance. Generally, you can only have one FHA loan at a time.


United States Department of Veterans Affairs (VA) Mortgage

This loan type is made available by the VA to members of the military and their families. It is guaranteed by the federal government and the buyer can receive up to 100% financing for the purchase of a home since no down payment is required.

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.

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