Red Alert Alert: Please ensure that you are only accessing our services through our official website:  https://www.AmeriCU.org or https://www.MyAmeriCU.org for online banking. Be cautious of websites that may appear similar to ours as phishing attempts targeting financial institutions are on the rise. Close

What is the Homebuyer Dream Program (HDP)?

The Homebuyer Dream Program is a grant opportunity for first-time homebuyers, offering up to $15,000 in grants to help with your home purchase. The funds can be used for down payments, closing costs, and homeownership counseling. The program is administered by the Federal Home Loan Bank of New York (FHLBNY) and is available on a first-come, first-served basis.

How Does the Program Work?

How Does the Program Work?

  1. Speak with an AmeriCU Mortgage Loan Officer – Get personalized guidance on eligibility and mortgage pre-approval.
  2. Complete Homeownership Counseling – Attend an approved homeownership counseling course (grant covers the cost).
  3. Get Pre-Approved for Your Mortgage – Work with our specialists to secure pre-approval, then start house hunting!
  4. FHLBNY Approval Process – After you’ve signed a purchase contract, we’ll submit your documents to FHLBNY for final approval.
  5. Close on Your New Home – You will have 120 days after receiving the funding commitment to close on your home!
How Do I Qualify?

How Do I Qualify?

To be eligible for the Homebuyer Dream Program, you must meet the following criteria:

  • First-time homebuyer (or have not owned a home in the last 3 years)
  • Income requirements: 80% or below the Area Median Income (AMI) for the county
  • Minimum $1,000 equity contribution toward your purchase
  • Complete a qualified homeownership counseling class
  • Commit to staying in the home for 5 years (or repay part of the grant if you sell before)
Start Your Path to Homeownership Today

Start Your Path to Homeownership Today

Don’t wait—this program is available on a first-come, first-served basis! Speak with an AmeriCU Mortgage Loan Officer today to see if you qualify for the Homebuyer Dream Program and get started on your path to homeownership.

Additional Programs for 2026:

HDP Plus: For households earning 81-120% AMI.

HDP Wealth Builder: For first-time buyers in specific minority census tracts or as first-generation buyers.

Let's Connect

Questions? Click the ‘Let’s Connect’ button in the bottom right-hand corner to get started!


Latest From AmeriCU

AmeriCU News

News

Apr 07, 2026

AmeriCU Introduces New High Rate Money Market Account as Consumers Prioritize Flexible Savings

As consumers continue to adapt to rising costs of living and shifting financial priorities, many are increasingly looking for ways to grow their money without sacrificing access to their funds. In response, AmeriCU Credit Union has introduced a new High-Rate Money Market Account designed to offer both competitive returns and liquidity.

Syracuse Heart Walk

Events

Apr 18, 2026

North Country Heart Walk

education image

Education

Apr 10, 2026

Teaching Kids to Budget

Teaching kids to budget is like teaching them how to ride a bike. You could be as involved as you’d like, or you could let them learn on their own. One way or another, your kids will create their own financial habits just like they could learn to ride a bike eventually.

Program Availability & Terms

  • Program begins February 9, 2026
  • Funds are limited and available on a first-come, first-served basis
  • No guarantee of approval
  • For full details, visit Federal Home Loan Bank of New York’s website