Yes, You Can Get a Mortgage and Put Just 3 Percent Down —If You Qualify

May 7, 2014 — The mortgage process in New York can occasionally be described with such cheerful words as “dire” or “impossible.” However, Brick Underground has the scoop on a state agency that lets first-time homebuyers get a loan with as little as 3 percent down, provided you make less than $98,000 a year and pay under $665,000 for the property.