State of New York Mortgage Agency Reviews

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Headquarters New York, NY
Size 150 to 499 Employees
Founded 1970
Type Government
Industry Finance
Revenue Unknown / Non-Applicable per year
Competitors Unknown

Can't afford a penthouse in Trump Tower? You're not alone. That's why the State of New York Mortgage Agency (SONYMA), a public benefit corporation, was created by statute in 1970. SONYMA -- pronounced "Sony Mae" -- provides financing for low- and moderate-income New Yorkers looking to buy their first home. It offers low down payments, below-market interest rates, longer rate lock periods, and various incentives to encourage borrowers to purchase and renovate properties in need of improvements. SONYMA also provides loans to builders and developers to fund community... More

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