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First Home Club

M&T Bank and The Federal Home Loan Bank of New York are working together to provide down payment assistance to qualified first-time homebuyers. The First Home Club provides four dollars in matching funds at closing for each dollar saved in a dedicated account (up to $7,500 in matching funds) to an eligible first-time homebuyer. Individuals who have not owned a home of their own for three years are considered first-time homebuyers. Program participants, before actually purchasing a home make monthly deposits over a period of 10-24 months, into a First Home Club Savings Account.

To qualify you must:

  • Be a first-time homebuyer purchasing a one to four family home 
  • Reside and purchase a home in New York
  • Plan to occupy the house that will be purchased for at least five years
  • Satisfy all liens, judgments and charge-offs
  • Have household income at or below 80% of the median income in the area where you currently reside
  • Complete an accredited home ownership course

After applying with an M&T loan officer and being screened for the program, an applicant can then open a First Home Club Savings Account with M&T Bank.

To Apply
Please contact one of our Loan Officers listed in our New York State Directory.

    • Albany
    • Broome
    • Cattaraugus
    • Chautauqua
    • Chemung
    • Chenango
    • Dutchess
    • Erie
    • Genesee
    • Jefferson
    • Kings
    • Monroe
    • New York
    • Niagara
    • Oneida
    • Onondaga
    • Ontario
    • Orange
    • Orleans
    • Queens
    • Rensselaer
    • Rockland
    • Schenectady
    • Suffolk
    • Sullivan
    • Tompkins
    • Ulster
    • Wayne
    • Westchester
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