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    Capital District Nest

    First-Time Buyers

    Real information. No pressure. Just clarity.

    Programs & Grants

    FHA Loans

    3.5% down

    3.5% down payment with flexible credit requirements. Ideal for first-time buyers.

    SONYMA Programs

    Up to $15K assistance

    New York State low-interest mortgages with down payment assistance up to $15,000.

    VA Loans

    0% down

    0% down payment for veterans and active military. No PMI required.

    USDA Loans

    0% down (rural)

    0% down for rural areas. Many Capital District suburbs qualify.

    Local Grants

    City grants available

    Albany, Schenectady, and Troy offer city-specific down payment assistance.

    Seller Concessions

    Up to 6% savings

    Negotiate up to 6% of purchase price for closing costs in buyer's markets.

    Common Myths — Debunked

    Rent vs. Buy

    Renting
    Buying
    Monthly payment builds landlord's wealth
    Monthly payment builds your equity
    Rent increases every year
    Fixed mortgage payment (30-year)
    No tax benefits
    Mortgage interest deduction
    Can't customize
    Make it your own
    Flexible — can move easily
    Stability — roots in community

    What People Wish They Knew Before Buying

    1

    Get pre-approved BEFORE you start looking at homes — it makes offers stronger.

    2

    The list price is a starting point. Almost everything is negotiable.

    3

    Home inspections reveal issues sellers must address or credit you for.

    4

    Your first home doesn't need to be your forever home.

    5

    Closing costs are 2-5% of purchase price — budget for them.

    6

    Interest rates matter, but so does the total payment including taxes and insurance.

    Have Questions?

    We'll explain — no pressure. This is about helping you understand your options.

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