Helping People….Changing Lives

Home Ownership

Your Dream come True

Call Us Today
716-366-8176 (Dunkirk)
716-661-9430 (Jamestown)
Toll Free: 1-855-431-3755

To complete your online intake for home ownership services and a staff person will contact you to schedule an appointment.

Our Purpose:
Empowering home buyers/homeowners through assistance with affordable mortgage
products and services.


USDA 502 Direct Loans

For home buyers who are looking for an affordable mortgage option and like the idea of living in a rural part of the county, Chautauqua Opportunities, Inc. can pre-qualify customers for a great mortgage product.  Made available through the United States Department of Agriculture, the 502 Direct Loan program offers mortgages with reduced interest rates, between 1% – 3.75%, along with minimal down payment and closing cost requirements – which makes the mortgage affordable to recipients. For additional information, click here. (

USDA 504 Home Repair Program

The USDA Home Repair program is designed to help very-low-income homeowners repair, improve or modernize their homes and give them the opportunity to live in a safe and comfortable environment. Households can apply for the program with the help of Chautauqua Opportunities Inc. Asset Development Specialist. For additional information, click here.

Homebuyer Dream Program

Homebuyer Dream Program provides funds in the form of a grant to be used towards down payment and closing cost assistance to first-time homebuyers earning at or below 80% of the Area Median Income (“AMI”) and purchasing homes in New York, New Jersey, Puerto Rico or the U.S. Virgin Islands. The maximum grant that a household may receive is up to $14,500, as determined by the bank, and submitted to the Federal Home Loan Bank of NY. Our bank partners for this program are M&T Bank and Lake Shore Savings Bank. For additional information and guidelines click here. 

First Front Door

First Front Door is a program offered by COI in partnership with Northwest Bank.This provides Down Payment and Closing Cost assistance.

To be eligible, you must be a first-time homebuyer (not owned a home within the past three years, or owned a home only while married but not as a single person within the last three years – this includes a married couple if either has not owned a home in the past three years).

Contribute personal funds as part of the down payment and closing costs. For every $1 the homebuyer contributes, FFD will provide $3, up to a maximum grant of $5,000. Homebuyer contribution can take the form of savings, a gift, a tax refund, an inheritance, or any other funds the homebuyer personally contributes to the purchase. Homebuyer contributions are not other loans, grants or sellers assistance/equity.

Be income eligible. First Front Door reviews the income of the entire household when determining eligibility for the program. The income of the household must be at or below 80 percent of the area median income at the time of FFD program enrollment. To check income limits for all states (use low-income limit) click here.

More information on the First Front Door program can be found at


Any qualified buyer may apply for an FHA- insured loan with an approved lender.  FHA down payment is 3.5 percent of the sales price which must be provided from the borrower’s own funds, a family gift, or a grant from a non-seller related nonprofit housing organization.  You will be required to pay a monthly mortgage premium for the life of the loan.

There are no income limits for obtaining an FHA loan but there are limits on the amount you may borrow.  These limits are set by HUD according to home prices in your geographic area. More information can be found here. (

Home Equity Conversion Mortgage (HECM)

Home Equity Conversion Mortgage (HECM): A Federal Housing Administration (FHA) reverse mortgage program. This program allows eligible homeowners to withdraw some equity in the home. Funds can be withdrawn in a fixed amount each month, or as a line of credit or both. COI has a certified HECM counselor on staff to provide the required counseling topics. Once successfully completing the service a required certificate will be provided to the customer.

Homebuyer Education Course

Our Homebuyer class is a 6 hour course that includes sessions on the following topics:

  • Are you ready to purchase a home?
  • Maintaining your budget
  • Understanding credit
  • Shopping for a home
  • Getting a mortgage
  • Keeping your home
  • Fair lending


Dates for First time Home Buyer Education Course


Laughlin Community Action Center – 402 Chandler Street, Jamestown.

Time: 9:00 am – 5:00 pm

Saturday, October 16, 2021 – In person


Connections North – 10825 Bennett Road, Dunkirk

Time: 9:00 am – 5:00 pm

Saturday, July 24, 2021 – In Person

Saturday, September 11, 2021 – In Person

Home ownership Counseling

Chautauqua Opportunities is a HUD-certified housing counseling agency with skilled staff who can guide you through the home buying process. Call today to schedule a one-on-one appointment with a home ownership counselor to get started on your home buying journey