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.
Highest-rated SONYMA mortgage lenders
While there are many lenders that participate in SONYMA programs, these are among the highest rated, as determined by NerdWallet.
- A large-scale national bank with a full menu of home loan products.
- Considers alternative credit data, such as rent and utilities payments.
- Discounts for Citibank customers.
- CitiMortgage review
- A nonbank lender with a full menu of mortgage products that rival bank offerings.
- Writes loans backed by the Federal Housing Administration, a key option for first-time buyers.
- Well-rated for low customer complaint volume.
- loanDepot review
- Offers government-backed loans to borrowers with a minimum 550 credit score.
- You can begin the mortgage process online.
- Its website has a wealth of educational material.
- Homebridge Financial Services review
- Rated among the highest in J.D. Power mortgage origination satisfaction survey.
- Close in as little as 10 days using the Fairway mobile app.
- Offers 24/7 online loan administration portal, as well as assistance via a mobile app, call center or email.
- Fairway Independent Mortgage review
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.
» MORE: See the best New York mortgage lenders
Top SONYMA mortgage lenders: Summary
CitiMortgage: Best among traditional banks.
loanDepot: Best for nonbank loan products.
Homebridge Financial Services: Best for government-backed loans.
Fairway: Best for customer service.
Citizens Bank: High-volume SONYMA participating lender.
M&T Bank: High-volume SONYMA participating lender.
HSBC: High-volume SONYMA participating lender.
SEFCU Mortgage Services: High-volume SONYMA participating lender.
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