For most people, buying a home is one of the biggest investments we will make and many feel the homebuyer process can be confusing and difficult.

RUPCO’s NeighborWorks HomeOwnership Center has a wealth of information and resources to guide you through the process. If you are wondering if homeownership may be an option for you and your family, attend one of our first-time homebuyer workshops.

Click here to register for our next homebuyer workshop. Pre-registration is important. We want to have enough materials for everyone who attends our workshops. Also, we want to contact you if a class must be rescheduled. Come learn more about our programs designed to help you achieve your homeownership goal. Call (845) 331-9860 x220 or

Is homeownership more affordable than renting?
Find out if the numbers work for you with this Rent vs. Buy Calculator:

Rent vs Buy Calculator


FREE Individual Mortgage Readiness Analysis
After you attend our one-hour session, you will receive a FREE mortgage readiness assessment from one of our certified housing specialists. They will review your income, credit, budget and savings, and set you on the path to homeownership. If you are ready, ask if you qualify for grants to assist you.

First Home Club
This First Home Club is a match savings program offered by local lenders through the Federal Home Loan Bank of New York that will help you save up to $7,500 toward your first home purchase. This program is offered to income-eligible households that are first-time buyers. Every $1 you save towards the purchase of your first home will be matched with $4 up to a maximum of $7,500 ; the minimum savings time is 10 months. Eight banks participate here in Ulster County.

Homebuyer Education
Creating knowledgeable homebuyers is our goal. Through our education program, we will walk you through the entire home buying process. You will also benefit from meeting experienced homebuying professionals such as attorneys, lenders, home inspectors, realtors, and others who will share their local market perspectives. For your convenience, RUPCO offers both in-person and online education options that best fit your busy schedule. Visit this link to our e-home America online education (

Grants for First-Time Homebuyers
RUPCO successfully works with local municipalities to attain funding to assist low-income, first-time buyers with their home purchases. Qualifications for assistance vary depending on funding sources. You will learn more details at our workshop, where our counselors will explain current funding opportunities. Funding can be used for down payment, closing costs and/or post-closing repairs to the home.

Section 8 to Home Ownership
Section 8 to Home Ownership provides a wonderful opportunity for families receiving Housing Choice Voucher (Section 8) rental assistance to create roots in the community, create pride, and have a safe place for their children. Contact your Section 8 case worker for more information and to see if you are eligible to apply.


How does my income affect my ability to get a mortgage?
Most lenders use a ratio of about 30% of your gross income to determine the amount of your monthly housing payment. Your payment will not only include the principal and interest but also your taxes and insurances, in most cases. The amount of your monthly payment will be used to help determine your loan amount.

How does my credit score affect my ability to get a loan?
Lenders look carefully at your credit scores, payment history, and amount of monthly debt in determining whether you qualify for a loan. Most conventional loan products require a minimum credit score of 640.

How much cash will I need for down payment and closing costs?
These amounts will vary depending on the type of home you purchase, the mortgage product you use, and the lender you choose. Most require a minimum of 1%-3% of the home price as a down payment. Closing costs can vary but average between $5,000-$8,000.

How do I know whether my mortgage is affordable?
By national standards, an affordable payment is approximately 30% of your gross monthly income. Remember, this includes your taxes and insurance. This percentage may be reduced if your monthly credit debts are high.

What is the best mortgage loan product for me?
Fortunately, there are many fixed rate low-interest options for first-time homebuyers. After reviewing your individual situation, your counselor will provide you with some loan options that will be the most affordable.

How do I know whether I qualify for the First Home Club or other grants to assist me in my purchase?
At the workshop you will receive an application. You can make an appointment for your individual meeting right at the workshop. You will complete the application and bring documentation such a one month’s income, two months’ bank statements and tax returns. Your counselor will review your eligibility for all programs.

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