First time home buyer programs are designed to help borrowers who may not have enough money to pay the full cost of the down payment or closing costs on a mortgage. These programs make obtaining a mortgage more cost effective. There are even programs specifically for residents of New York. First time home buyer programs are available to those who have not owned a home for the past three years but you should check with your home loan representative at All Service New York Mortgage.com see if you qualify for a first time home buyer program.