GMM Grants

Down Payment & Closing Cost Assistance Programs

Up To $10,000 for Down Payment & Closing Costs

Here to Guide You Home.

Do you dream of owning a home, but have limited funds for a down payment and closing costs? GMM is proud to invest in your dreams and is dedicated to helping our neighbors and communities thrive and reach their financial goals.

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If you are looking to buy the home of your dreams, George Mason Mortgage may be able to help with your down payment and closing costs.

Journey Home Grant

  • Up to $10,000 for down payment & closing costs1
  • Grant has no lien required on the property
  • Gift funds can be used
  • Can be used in conjunction with other down payment assistance programs
  • Household income limits apply
  • This program is only available in select market areas
  • Homebuyer education may be required

Welcome Home Grant

  • Up to $10,000 for down payment & closing costs2
  • Available for purchase on eligible primary residences
  • No Mortgage Insurance Required 
  • This program is only available in select market areas  
  • Household income limits apply 
  • Gift funds can be used 
  • Homeownership counseling certificate required prior to closing if a First Time Homebuyer

GMM is a purpose-driven mortgage loan company that puts families and communities first. We are dedicated to supporting and investing in every community across our footprint to advance equity and equality.

Imagine The Benefits

In today’s economy, rent continues to increase year after year while mortgage loan interest rates have remained historically low. If you need some inspiration to start house hunting or just want to make sure you’re taking advantage of all that homeownership has to offer, check out this top 5 list of perks that will repay your hard work from now well into retirement.

Security & Freedom

Savings & Investment

Tax Benefits

Inflation Protection

Build Your Credit

Want to learn more about the benefits of homeownership?

Taking the simple step of speaking to a George Mason Mortgage professional may be the smartest financial decision you make, as it can allow your family to make monthly home payments toward your own mortgage loan instead of increasing your landlord’s wealth.

What Our Clients Are Saying

George Mason Mortgage

Having navigated decades of changing economic environments, our employees have the experience and are able to provide flexible, personalized solutions you can only get from a nationally recognized, local lender supported by the strength and stability of United Bank.

We are honored to be a trusted mortgage lender with a dedicated local presence throughout the communities we serve.

We lend in the following states: Virginia, Maryland, District of Columbia, West Virginia, Delaware, Pennsylvania, Ohio, Tennessee, Kentucky, North Carolina, South Carolina, Florida and Georgia.

1. Subject to Credit Approval. Journey Home Grant is a lender grant and is not available in all market areas. Grant is capped at $10,000, with up to 3% of sales price or appraised value (whichever is less) applied towards down payment first and then any remaining funds applied to closing costs. No cash back for the Grant funds allowed. Loan must be for purchase or refinance of primary residence.   Property type and location limitations apply. Loan terms and conditions apply, including but not limited to, maximum loan-to-value of 97%, maximum loan amount, minimum credit score, and maximum income limits. Homebuyer education may be required.  In addition to Journey Home grant requirements, borrowers must meet Fannie Mae HomeReady program eligibility requirements. HomeReady® is a registered trademark of Fannie Mae. Mortgage Insurance is required for properties with over 80% loan-to-value. Grant program may be considered taxable income. 1099-MISC may be issued. You should consult with your tax advisor. Program rates, terms, and conditions are subject to change without notice.

2. Subject to Credit Approval. Welcome Home Grant is a lender grant and is not available in all market areas. No cash back for the Grant funds allowed. Loan must be for purchase or refinance of primary residence. For Purchase transactions, grant is capped at $10,000, with up to 3% of sales price or appraised value (whichever is less) applied towards down payment first and then any remaining funds applied to closing costs. For Refinance transactions, up to 3% of appraised value, with a maximum of $10,000 will be applied towards closing costs. Property type and location limitations apply. Loan terms and conditions apply, including but not limited to, maximum loan-to-value of 97%, maximum loan amount, minimum credit score, and maximum income limits. Homebuyer education may be required. Grant program may be considered taxable income. 1099-MISC may be issued. You should consult with your tax advisor. Program rates, terms, and conditions are subject to change without notice.

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