SONYMA Mortgages

Chemung Canal Trust Company offers SONYMA Mortgages to assist those who are looking to purchase their first home.  The State of New York Mortgage Agency (SONYMA) offers five mortgage programs to assist you with the purchase of a home in New York State.  Each program features a below-market interest rate, low down payment requirements, no pre-payment penalties, and closing cost assistance.

Each of these features are designed to make your home purchase more affordable. 

Other features include:

  • First-Time Homebuyers Only
  • Low down payments for 1-2 Units

Before applying, you must have:

  • a two-year history of a continuing, reliable, and verifiable source of income
  • a credit history that shows you are ready for homeownership
  • sufficient income to take on the costs associated with homeownership and other debt
  • money saved from a verifiable source for a down payment and closing costs

Try our Monthly Mortgage Calculator.

For more information, call our Mortgage Department at (607) 737-3815 or toll-free at (800) 836-3711, and ask to speak with a Mortgage Specialist who can help you get it done!


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