First Time NYC Buyer

Buying Your First Home

Is A Big Deal

We understand that ...

When To Buy?

The first question we are usually asked by renters is when is a good time to buy? It is a good time to consider buying as soon as you can comfortably afford the down payment.

Compare our King-Size Sales Commission Rebate to other NYC brokerages. We are #1

Trusted Advisor

We patiently consult with you listening to your goals and advising you of options. We may be able to guide your financial planning to enhance your credit history and banking that could make securing a mortgage at the best rate possible.

Professional Network

We will share our network of professional relationships of mortgage brokers, real estate attorneys, home inspectors and appraisers. From your initial planning to closing some steps along the way will require the cooperation and collaboration of different professional service providers.

Project Manager

We will be your project manager effectively keeping your transaction moving through the buying timeline to the close of your new home.

How Much Down Payment Do You Need for a First NYC Home?

One of the biggest questions first-time buyers ask is about the down payment. Here's what you need to know:

• Condos: Typically 10-20% down payment required
• Co-ops: Usually 20-25% down (sometimes higher)
• FHA Loans: As low as 3.5% down for qualified buyers
• Conventional Loans: 5-10% down for first-time buyers

Your down payment affects your mortgage rate and monthly payments. We can connect you with trusted lenders who specialize in first-time buyer programs.

First-Time Home Buyer Programs in NYC

New York City offers several programs to help first-time buyers afford a home:

• HomeFirst Down Payment Assistance: Up to $100,000 toward down payment or closing costs
• SCRIE/DRIE: Property tax exemptions for eligible buyers
• FHA and Conventional Loans: Low down payment options

We can help you navigate these programs and determine your eligibility.

What to Expect When Buying Your First NYC Home

• Step 1: Get Pre-Approved — Know your budget before you start shopping
• Step 2: Define Your Must-Haves — Location, size, amenities, and property type
• Step 3: Start Your Search — We'll find properties matching your criteria
• Step 4: Make an Offer — We negotiate on your behalf
• Step 5: Board Approval (for co-ops) — Prepare and submit your board package
• Step 6: Close and Get Your Rebate — 75% cash back at closing

Why First-Time Buyers Love Our 75% Commission Rebate

Buying your first home is expensive. Between the down payment, closing costs, and moving expenses, every dollar counts. Our 75% commission rebate puts thousands of dollars back in your pocket at closing — money you can use for furniture, renovations, or building your savings.

On a $500,000 home: Your rebate would be approximately $11,250
On a $750,000 home: Your rebate would be approximately $16,875
On a $1,000,000 home: Your rebate would be approximately $22,500

Frequently Asked Questions for First-Time NYC Buyers

We Bring You Home

And Pay You!

Commission Rebate

Choose Co-op, condo, townhouse or loft and receive our king-size 75% sales comission rebate paid directly to you