MAP Home Assist - Federal Home Loan Bank of New York

MAP® HomeAssist

Beginning April 30, 2026, the MAP HomeAssist Program will offer Participating Financial Institutions (PFIs) reimbursements of $12,000 per loan for eligible credits extended to low- to moderate-income (LMI)* borrowers at the time of closing.

Benefits of MAP HomeAssist Program

How homebuyers benefit:

The cost of financing a home has risen significantly; primarily driven by high interest rates, increasing home prices and low housing inventory. With the new MAP HomeAssist Program, PFIs can provide funding to support down payments and closing costs for low- to moderate-income borrowers. MAP HomeAssist funding helps reduce monthly principal and interest payments—improving overall home affordability.

How PFIs benefit:

MAP’s reimbursement to PFIs administering MAP HomeAssist allows members to better serve their communities by extending credit to homebuyers.

How PFIs can Participate

When committing a loan through MAP HomeAssist, PFIs must tag the Delivery Commitment (DC) in the MAP Connect System with “HomeAssist” or “LMI HAP,” along with the loan number and the subject property’s address at the time of creation. The PFI must:

Identify DC by tagging, e.g. “LMI HAP- 20260420 - 123 Main Street, Anywhere, NJ 02134” (Address will be used to verify the Area Median Income).
Upon delivery, provide MAP the Closing Disclosure showing that the MAP HomeAssist was applied to the loan.

The LMI identifier is already part of the PFI process of committing an LMI loan. Program funds are distributed on a first-come, first-served basis, until the total funds are used.

Qualifications for MAP HomeAssist

Borrower: Qualifying Income ≤ 80% AMI
Property: Single Family, 1 Unit
Loan Type: Conventional
Loan Purpose: Purchase
Occupancy: Owner Occupied
Must meet all MAP Loan Eligibility and Program Criteria

*“LMI” refers to primary occupancy conventional conforming loans where the qualifying income of the loan is 80% or less than the estimated Area Median Income (AMI).

Note: The funding for MAP HomeAssist will be distributed on a first-come, first-served basis until the allotted funds are exhausted. MAP HomeAssist may not be combined with LPMI Reimbursement. MAP HomeAssist may be combined with the FHLBNY’s Homebuyer Dream Program® (HDP®) grant but cannot be combined with HDP Plus and HDP Wealth Builder.