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SmartMove New York

Helping families buy homes they can afford, in places they love

breaking down cost barriers

SmartMove New York helps first time homebuyers overcome the obstacles of downpayment and closing costs. Participating homebuyers may be able to put down as little as 1% of the purchase price because of SmartMove New York’s low interest loans!

Check out our SmartMove guidelines to find out if this program will work for you!


check your eligibility

HDF Requirements

Eligible borrowers must be income-qualified first time homebuyers intending to purchase a home within HDF’s service area. Please review our our service area and income limits before applying

HDF defines a first-time homebuyer as someone who is buying a home for the first time, or who has not owned a home at any time in the last three years. 

Borrowers must also receive their first mortgage from one of the participating lenders listed at the bottom of this page. All borrowers will be required to complete homebuyer education and one-on-one counseling with HDF or a partner counseling agency.

If you meet these requirements, click below to start your journey!

If you have a specific question about this program, please select “Residential Lending” on our contact form and we will get in touch with you via email.

A full list of HDF’s available downpayment assistance programs can be found here.


Terms and conditions

SmartMove is a 3% (APR = 3.42% to 4.74%) second mortgage for up 25% of the purchase price or appraised value to be financed for down payment and closing cost assistance. There is an origination fee of 3.75% for SmartMove New York borrowers, paid at closing. SmartMove New York loans can be combined with HDF’s other downpayment assistance programs to increase your downpayment and cover closing costs. You must spend down to $35,000 in liquid assets before closing, which does not include retirement savings/ 401(k).

Lender License Number ML840392

HDF NMLS#840392


Approved Lenders

When you take advantage of SmartMove, your first mortgage needs to be provided by a bank who has chosen to participate in the program. Before applying, please check the list of lenders below to check your eligibility.

M&T Bank 
Norcom Mortgage
Ulster Savings Bank
Webster Bank

View Program Flyer in English


Got questions? See our FAQs here

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