The NEW Homebuyer Dream ProgramTM offers many benefits to first time home buyers. Participants may receive a grant of $15,000 ($500 of which is to be paid to the counseling agency that provided homeownership counseling, if applicable.).

Requirements include:
  • First-time homebuyers who have not owned a home in the past 3 years and are purchasing in NY.
  • Must meet income limitations.
  • Must have the ability to provide at least $1,000 to the transaction from an acceptable source.
To learn more about the Homebuyer Dream ProgramTM, and the $14,500 grant* visit the Homebuyer Dream ProgramTM website.

In addition to the upcoming Homebuyer Dream ProgramTM, Empower has additional mortgage options.

Our First Time Home Buyer Program offers:
  • Low down payment required
  • Gifts, grants and other approved funding sources may be used for closing costs

*Members must meet qualification requirements and be a first-time home buyer.

HDP funds are distributed on a first come first serve basis. There is no guarantee that funds will be available when your Reservation Request is submitted. The current HDP funding period is expected to be announced in July 2019 and will end on the earlier of November 30, 2019, or when the fund is exhausted. The grant is a Federal Home Loan Bank of NY program. Membership eligibility required. Loan approval based on creditworthiness. NMLS #412348‚Äč


What do you want out of life?

Empower Federal Credit Union welcomes employees of many companies, immediate family/household members of employees and retirees, as well as our outreach to underserved communities to enjoy personal and business banking solutions including auto loans, mortgages*, credit cards and more. Bank online, in any central NY branch, or call us at 315.477.2200.

* Home mortgages available in FL, PA, CT, NY and NC.