First-Time
Homebuyer Loans
F
ast,
affordable,
a
nd easy.
As a community bank that’s served the New York City and Long Island area for over 150 years,
no one understands the needs of borrowers better than Dime. We make home loans fast, easy,
and affordable. So it’s not surprising we’ve become the go-to resource for homebuyers who
want a mortgage that works best for them now and the future.
Dime has the local knowledge that comes from being a neighborhood bank. With seasoned
mortgage loan originators, we are here to assist you with the process of obtaining home
ownership.
S
peak with a
Loan ori
ginator
1-800-321-DI
ME (3463), option 4,1,1
This is not a commitment to lend. Restrictions apply.
Right on what's right for you.
Right on approvals.
Right on what's right for you.
Fixed rate and adjustable rate options on 1-4 family homes, condos, and co-ops. From pre-
approval to closing, a Dime mortgage loan originator will work with you every step of the way to
make sure you get exactly what you need.
Right on approvals.
Dime offers free pre-approvals
1
. We’ll tell you how much you qualify for so you can be a savvier
homebuyer. What’s more, because we’re local and know the market, we can get you an approval
when other banks are just getting started.
S
p
eak with a
Loan originator
1-800-321-DIME (3463), option 4,1,1
1 Pre-approvals are based on our review of the information that we received from you and are not a commitment to lend. Pre-approvals
are subject to verification and approval of your application, information, product and property eligibility.
This is not a commitment to lend. Restrictions apply.
Right for first-time buyers.
The right people to ask.
Right for first-time buyers.
Dime Community Bank is committed to helping consumers achieve their dream of first-time
homeownership and offers special loan programs specifically for first-time homebuyers. These
programs feature competitive fixed rates and low down payment options to help low and
moderate income borrowers.
The right people to ask.
Whether you’re looking to buy a new home, condo, or co-op, there’s never been a better time to
call and talk with a Dime mortgage loan originator. Get pre-approved so you’ll be ready to make
a winning offer when your dream home hits the market.
Call 800-321-DIME (3463), option 4,1,1, to speak to a Dime mortgage loan originator or email
[email protected] and we’ll set up a time that’s convenient for you.
S
p
e
ak with a
Loan originator
1-800-321-DIME (3463), option 4,1,1
This is not a commitment to lend. Restrictions apply.
SONYMA
1
mortgage
benefits
SONYMA
1
mortgage benefits
• SONYMA offers mortgages for 1-4 family
dwellings as well as co-ops and
condominiums
• Homebuyers that haven’t owned a
principal residence in 3 years or more
qualify as a first-time homebuyer
• 30-year, competitive, fixed-rate mortgages
with long-term lock rates
• SONYMA mortgages can be combined
with a 0% interest loan or up to $15,000 for
down payment/closing costs assistance
• SONYMA mortgages can be combined
with other grants and subsidies to make
homeownership possible
S
peak with a
Loan ori
ginator
1-800-321-DI
ME (3463), option 4,1,1
1 Subject to SONYMA Approval. Available for properties located in the state of New York. Income limits may apply.
This is not a commitment to lend. Restrictions apply.
Fannie Mae HomeReady
1
mortgage benefits
• Low down payment, as little as 3% down for
home purchases
• Flexible sources of funds with no minimum
contribution from borrower’s own funds
• Available for 1-4 family dwellings as well as
co-ops and condominiums
• Non-occupant borrowers permitted
• Cancellable mortgage insurance
(restrictions apply)
• Reduced Mortgage Insurance coverage
requirement for loan-to-value ratios
above 90% (up to 97%)
S
p
eak with a
Loan originator
1-800-321-DIME (3463), option 4,1,1
Fannie Mae (FNMA)
HomeReady
1
mortgage benefits
1 HomeReady is a registered trademark of Fannie Mae. Income limits may apply.
This is not a commitment to lend. Restrictions apply.
Dime First-Time Homeowner
• 7/1 ARM
1
for term of 30 years
• FNMA conforming loan limits apply
• Available for owner occupied 1-4 family
dwellings as well as co-ops and
condominiums
• Up to 95% LTV for 1 family home
• Available with properties located in low
or moderate income census tracts or
qualifying income must not exceed 80%
of average median income
2
S
p
eak with a
Loan originator
1-800-321-DIME (3463), option 4,1,1
Dime First-Time
Homeowner
1 For adjustable-rate mortgage (ARM) products, the monthly principal and interest payment will remain in effect for a limited
period of time and then may change periodically. The annual percentage rate (APR) is the cost of credit over the term of the loan
expressed as a yearly rate. The APRs are based on the interest rate, loan origination fees, and applicable closing costs and does
not take into account other loan specific finance charges that may be required. Geographic restrictions may apply.
2 Max Income in Nassau/Suffolk = $117,120 or NYC $79,200 (excluding Staten Island).
This is not a commitment to lend. Restrictions apply.
A $5,500 Lender Credit will be provided should the following criteria be met:
• Income used to qualify must not exceed
80% of average median income
1
• Applicable on SONYMA and FNMA
HomeReady products only.
2
• Homeownership education course
required, as per SONYMA and FNMA
S
p
eak with a
Loan originator
1-800-321-DIME (3463), option 4,1,1
Dime Lender Credit
1 Max Income in Nassau/Suffolk = $117,120 or NYC $79,200 (excluding Staten Island).
2 Subject to investor approval and guidelines. Mortgage Loan Consultant can assist with guidelines.
This is not a commitment to lend. Restrictions apply.
$500 to get off to the right start
Dime wants to do everything we can to make your home loan more affordable from start
to closing. So we’re giving you a $500 credit towards closing costs.
Ask about Dime’s partnership with the Federal Home Loan Bank of NY and other housing
partnerships, offers, grants, and programs based on income eligibility.
S
p
eak with a
Loan originator
1-800-321-DIME (3463), option 4,1,1
$500 to get off to the right
start
1
1 Subject to Dime approval. Must have a Dime account established within two weeks of receiving the mortgage commitment letter.
Auto pay must be established from the Dime account to pay the mortgage. This offer is not available on FHA loans or Jumbo Fixed
Rate Loans. Offer available until 12/31/23. Dime reserves the right to cancel or modify this offer at any time without notice.
This is not a commitment to lend. Restrictions apply.
Our team is committed to
your success.
Patricia Strong
Vice President - CRA Outreach and Affordable Housing Officer Dime
Community Bank
898 E Veterans Memorial Highway
Hauppauge, NY 11788
718-782-6200 x 5245
NMLS #2218730
Lynn DiTomasso
Senior Mortgage Consultant
Dime Community Bank
1 Huntington Quadrangle, Suite 1N16,
Melville, NY 11747
631-782-6217
NMLS #472488
