First-Time Homebuyers

Genesee Co-op specializes in helping people become First-Time Homebuyers! We offer our personalized underwriting for every loan, participate in Federal Home Loan Bank of New York grant programs, and work with partner organizations.

In addition to offering the Homebuyer Dream Program and HDP+ program, we also support borrowers to work with the City of Rochester Home Purchase Assistance Program, and are an approved lender for HOME Rochester properties!

Homebuyer Dream Program® is now accepting reservations for the 2024 round! 

Members must meet qualification requirements and be a first-time homebuyer Receive up to $20,000, with $19,500 toward your down payment and closing costs and $500 toward homebuyer education. Reservations are given to eligible individuals on a first come, first serve basis.

Please note, there is no guarantee that funds will be available when your Reservation Request is submitted. The grant is provided from the Federal Home Loan Bank of NY program and subject to their approval.

Program Qualifications

  • One borrower must be a first-time homebuyer, define as someone who has not owned a home in the past three years.
  • Homebuyer must live in a household at or below 80% of Area Median Income, including all household income. Maximum income is $82,960 for 1&2 Person Households and $95,404 for 3+ Person Households (for Monroe County)
  • Homebuyer must purchase a home in New York State within counties Genesee Co-op lends in and remain in that home as their primary residence for 5 years from the closing date or repay a prorated share of the HDP Grant.
  • Homebuyer must receive a mortgage from Genesee Co-op FCU.
  • Homebuyer must contribute at least $1,000. 
  • Homebuyer must complete Homeownership Counseling Certificate from a HUD-Certified Housing Counseling Agency. Approved agencies include The Housing Council at Pathstone and CCCS of Rochester (Note the coupon available for online training through CCCS of Rochester).
  • Program is available through August 30th, while spots last.

Contact pooc.eeseneg@segagtrom for more information, or call us at 585-461-2230.

Homebuyer Dream Program® Plus is Available for 2024 round! 

Members must meet qualification requirements and be a first-time homebuyer Receive up to $20,000, with $19,500 toward your down payment and closing costs and $500 toward homebuyer education. Reservations are given to eligible individuals on a first come, first serve basis.

Please note, there is no guarantee that funds will be available when your Reservation Request is submitted. The grant is provided from the Federal Home Loan Bank of NY program and subject to their approval.

Program Qualifications

  • One borrower must be a first-time homebuyer, define as someone who has not owned a home in the past three years.
  • Homebuyer must live in a household between 80% and 120% of Area Median Income, including all household income. Tentative maximum income is $124,440 for 1&2 Person Households and $143,106 for 3+ Person Households.
  • Homebuyer must purchase a home in New York State within counties Genesee Co-op lends in and remain in that home as their primary residence for 5 years from the closing date or repay a prorated share of the HDP Grant.
  • Homebuyer must receive a mortgage from Genesee Co-op FCU. 
  • Homebuyer must contribute at least $1,000. 
  • Homebuyer must complete Homeownership Counseling Certificate from a HUD-Certified Housing Counseling Agency. Approved agencies include The Housing Council at Pathstone and CCCS of Rochester.
  • Program is available March 18th - August 30th, while slots last.

Contact pooc.eeseneg@segagtrom for more information, or call us at 585-461-2230.

The Homebuyer Dream Program® (HDP®) is a registered trademark of the Federal Home Loan Bank of New York (FHLBNY). Additional program details regarding the HDP are available on the FHLBNY’s website at https://www.fhlbny.com/community/housing-programs/hdp/. Members must meet qualification requirements and be a first-time homebuyer. FHLBNY develops all rules qualifies all homeowners for the grant programs. For grant purposes household income is calculate based on FHLBNY rules. Genesee Co-op is not responsible for any incorrect descriptions of grant rules, or decisions of the FHLBNY to deny a grant or interpret the rules. 


Our Members make the difference.

Member Since 2001

"The credit union has helped me straighten out my credit so I could own a home. They helped me every step of the way to homeownership right down to recommending and suggesting various avenues to save money and providing me with my first mortgage. They have always been there to make recommendations when I needed financial advice. I'm a member for life because they've made such a difference in my life."

June Capitulik


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