another SONYMA ques.. how do you know which is target/non-target area??

kdelace Posted: Jul 06, 2004 09:28 PM

another SONYMA ques.. how do you know which is target/non-target area??

how do you know which towns fall into the category? that would make the diff of us qualifying...

Danielle Posted: Jul 06, 2004 10:43 PM

Re: another SONYMA ques.. how do you know which is target/non-target area??

I tried to look up online, but it just has a number:

From the website:

'To find out if a property is located in a target area, call SONYMA's Information Center at 1-800-382-HOME (4663) with the exact street address, city or town, and zip code.'

Note: If you currently own a residential investment or vacation home, you will not qualify for SONYMA financing even if you are attempting to purchase a home located in a target area.

palebride Posted: Jul 07, 2004 09:13 AM

Re: another SONYMA ques.. how do you know which is target/non-target area??

i didn't even know there were target areas!

nov04LIbride Posted: Jul 07, 2004 09:16 AM

Re: another SONYMA ques.. how do you know which is target/non-target area??

Posted by palebride

i didn't even know there were target areas!

I read about it, but I know ours wasn't. I think on Long Island it is the most undesirable towns (that's what the mortgage broker said). Think Wyandanch, Central Islip....