First-Time Homebuyer Down Payment Closing Cost Assistance Program
City of Buffalo First Time Homebuyers Program:
First-Time Homebuyers Down Payment Closing Cost Assistance Program:
Were excited to report The City of Buffalo has funds to help first-time homebuyers with their down payment and closing costs up to $15,000.00. This is a 0% interest, deferred & and forgivable loan “conditional grant” that must be paid back in full if you sell or vacate your home within five years of purchase.
Eligibility Requirements:
- Purchase must be within the City of Buffalo
- Must be a One-family or Two-family or Vacant home located in the City of Buffalo that is in generally good condition with no major housing code violations or lead based paint hazards
- You must be a first-time homebuyer, and the home must be your primary residence
- Must meet the HUD Household Income guidelines
- Your income must fall between 50% – 80% of the HUD Income Guidelines
- You Must qualify for a mortgage loan with an approved financial institution
- You must remain in the home for five years or repay the loan in full
- You must take a FREE Homebuyer Educational Course (Belmont Housing Resources, Buffalo Urban League)
*These income guidelines are based on the HUD 2026 Household Income guidelines are subject to change
*Funds are provided by the City of Buffalo Owner Occupied Housing Assistance Programs through New York State Office of Homes and Community Renewal (HCR)/Affordable Housing Corporation (AHC), City of Buffalo Mayors Office of Strategic Planning and Buffalo Urban Renewal Agency (BURA)