5 Best SONYMA Mortgage Lenders of 2022
SONYMA programs help first-time home buyers in New York achieve their goal. These are some of the best SONYMA lenders, as determined by NerdWallet.
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The State of New York Mortgage Agency helps first-time home buyers in the Empire State move up to homeownership. Working with local lenders, SONYMA offers reduced interest rates, lower down payments and forgivable loans to assist with closing costs.
While there are many lenders that participate in SONYMA programs, these are among the highest rated, as determined by NerdWallet.
The State of New York Mortgage Agency helps first-time home buyers in the Empire State move up to homeownership. Working with local lenders, SONYMA offers reduced interest rates, lower down payments and forgivable loans to assist with closing costs.
While there are many lenders that participate in SONYMA programs, these are among the highest rated, as determined by NerdWallet.
Best SONYMA Mortgage Lenders
Lender | NerdWallet rating | Min. credit score | Min. down payment | Learn more |
---|---|---|---|---|
![]() Fairway Independent Mortgage: NMLS#2289 Learn more at Fairway Independent Mortgage | Best for customer service | 620 | 3% | Learn more at Fairway Independent Mortgage |
![]() loanDepot: NMLS#174457 | Best for nonbank loan products | 620 | 5% | Read review |
![]() Homebridge: NMLS#6521 | Best for government-backed loans | N/A | 3.5% | Read review |
![]() Citibank: NMLS#412915 | Best for traditional lending | N/A | 3% | Read review |
![]() Wells Fargo: NMLS#399801 | Best for traditional lending | 620 | 3% | Read review |

at Fairway Independent Mortgage
Fairway Independent Mortgage: NMLS#2289

Min. credit score
620Min. down payment
3%at Fairway Independent Mortgage
loanDepot: NMLS#174457

Min. credit score
620Min. down payment
5%Homebridge: NMLS#6521

Min. credit score
N/AMin. down payment
3.5%Citibank: NMLS#412915

National / regional
NationalMin. down payment
3%Wells Fargo: NMLS#399801

Min. credit score
620Min. down payment
3%
More SONYMA participating mortgage lenders
These lenders are among the highest-volume SONYMA participating mortgage companies in New York state. The lenders have not been reviewed by NerdWallet.
Over 100 loan officers in New York state.
Earn an interest rate discount with automatic payments from your Citizens Bank checking account.
A dedicated loan officer walks you through the loan process.
Based in Buffalo with a long history in New York: It was established in 1892.
An online application offers “instant preapprovals.”
Personalized interest rates are available after providing basic information.
Offices in metro New York City and Long Island.
The matched savings program offers up to $7,500 in financial assistance to first-time home buyers.
International borrowers have access to a mortgage services program.
Headquartered in Albany, with branches in Lagrangeville and North Syracuse.
An online application allows you to stop anytime and start where you left off later.
After submitting a loan application, you can check your loan status online.
Last updated on January 6, 2022
Methodology
To recap our selections...
NerdWallet's Best SONYMA Mortgage Lenders of 2022
- Fairway Independent Mortgage: Best for customer service
- loanDepot: Best for nonbank loan products
- Homebridge: Best for government-backed loans
- Citibank: Best for traditional lending
- Wells Fargo: Best for traditional lending