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First-Time Homebuyers

First-Time Homebuyers

At Chemung Canal Trust Company, we understand that buying a home may be the biggest purchase you'll ever make. That's why we offer a variety of tools to help you find the home of your dreams.
  • No Closing Costs - If you have limited funds to bring to a closing, we will provide fixed rate financing options for up to 30-year terms.
     
  • SONYMA - The State of New York Mortgage Agency (SONYMA) offers mortgage programs to assist you with the purchase of a home in New York State

Try our Monthly Mortgage Calculator or check out our Rates page.
 

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A first-time homebuyer is defined as an individual or family who has not owned a home during the three year period prior to purchase. Exceptions to the three-year period exist for any individual who is a displaced homemaker or a single parent or any individual that owns or owned as a principal residence during such three-year period, a dwelling unit whose structure is not permanently affixed to a permanent foundation in accordance with local or applicable regulations. Existing homes only (no construction mortgages).