Down Payment Assistance
Achieve Homeownership
GMM Grants
- Helping make homeownership more affordable
- Down payment and closing cost assistance
- Up to $5,000 for down payment & closing costs*
(in select market areas) - Up to $10,000 for down payment & closing costs**
(in select market areas)
Grant Programs are only available in select market areas. Not all applicants are eligible.
GMM Journey Home Grant
- Helping make homeownership more affordable
- Up to $10,000 for down payment & closing costs
- Household income limits may apply
GMM Welcome Home Grant
- Helping make homeownership more affordable
- Up to $10,000 for down payment & closing costs
- For properties located in select market areas
Maryland Mortgage Program
- 30-year, fixed-interest rate mortgages
- A few different types of home loan products
- Can only be obtained with an MMP first mortgage
- Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan

George Mason Mortgage’s
GMM Grants
Down Payment & Closing Cost Assistance Programs
Up To $10,000 or 3% of the Purchase Price

GMM Journey Home Grant
Down Payment & Closing Cost Assistance
for Down Payment & Closing Costs

GMM Welcome Home Grant
Down Payment & Closing Cost Assistance
for Down Payment & Closing Costs
DC Opens Doors
The DC Housing Finance Agency’s DC Opens Doors1 makes homeownership in Washington, DC affordable by offering qualified buyers home purchase loans and down payment assistance. This program has income and credit guidelines established by the DC Housing Finance Agency. It is not restricted to first-time homebuyers. DC Opens Doors provides financing for both single-family homes and condos.
Home Purchase Assistance Program (HPAP)
The DC Department of Housing and Community Development’s Home Purchase Assistance Program2 program provides interest-free loans and closing cost assistance to qualified applicants to purchase single family houses, condominiums, or cooperative units. The loan amount is based on a combination of factors, including income, household size, and the amount of assets that each applicant must commit toward a property’s purchase. The loan is subordinate to a private first trust mortgage.
NC Housing Finance Agency Down Payment Assistance
- Provides several products that bridge the down payment gap.
- NC residents have potential assistance for both first time and subsequent buyers.
- The NC 1st Home Advantage program provides a fixed rate first mortgage combined with $8000 in Down Payment Assistance for first time homebuyers. May be used towards down payment and/or closing costs. Plus has no interest or payment required.
- Option available without the first time home buyer requirement. It provides the traditional first mortgage along with DPA in the amount of 3 or 5% of the first mortgage amount. May be used towards down payment and/or closing costs.
SC Housing Down Payment Assistance
- For SC buyers we offer the SC Housing $6,000 DPA product.
- When combined with an FHA or USDA loan, the $6,000 may contribute towards down payment and/or closing costs.
- Unlike NCHFA, there is a repayment feature on this assistance.
- Although this is traditionally a first time home buyer product, there are exceptions to this requirement.
Maryland Mortgage Program
- 30-year, fixed-interest rate mortgages
- A few different types of home loan products
- Can only be obtained with an MMP first mortgage
- Funds available for down payment and closing costs may be provided in the form of a grant or as a deferred, no-interest loan
Virginia Housing (Formerly VHDA) Down Payment Assistance Grant
- VA Housing provides both down payment assistance and grants for Virginia home buyers.
- Primarily, their programs are for first time home buyers, although there are exceptions.
Get Started on Your Journey Home
Knowledge Base
Essential Checklist for First-Time Homebuyers
Essential Checklist for First-Time Buyers: Your Path to a Successful Mortgage Journey Buying your first home is an exciting milestone! To ensure a smooth and …
DC Open Doors and the Maryland Mortgage Program
DC Open Doors and Maryland Mortgage Program Purchasing a home can be a daunting experience, especially if you’re a first-time homebuyer. One way to make …
9 Tips To Help You Prepare to Purchase Your First Home
9 Tips to Help You Prepare to Purchase Your First Home Buying your first home is an exciting milestone in life, but it can also …
Greenbelt Home Advantage
The Maryland Mortgage Program – Greenbelt Home Advantage Are you a renter in the City of Greenbelt? We are excited to share that if you …
The Building and Financing Process
There are several important steps you should take to ensure a successful building and financing process.
One-Time Close Construction Loans
One-Time Close Construction Loan Program GMM’s One Time Close is available for New Construction and Renovation projects. This program offers you the benefit of …
What Is A Mortgage Recast?
You have probably heard of refinancing your mortgage as a way to potentially lower your monthly mortgage payments. There is also another possible option called …
How Do Down Payment & Closing Cost Assistance Programs Work?
Who Can Receive Down Payment Assistance? While many down payment assistance programs are often paired with loan options for first-time homebuyers, this is not always …
FHFA Announces Conforming Loan Limits for 2023
Baseline Conforming Limit Will Increase to $726,200 FHFA Announces Conforming Loan Limits for 2023 | Federal Housing Finance Agency Washington, D.C. – The Federal Housing Finance …
Home Inspections
Home inspections give you the opportunity to have the home thoroughly examined by a professional before you spend any money to purchase it. Paying for …
10 Homebuying Terms Everyone Should Know
Here is a list of frequently used homebuying terms and their definitions. What is an adjustable-rate mortgage (ARM)? An adjustable-rate mortgage is a type of …
What Is Commonly Negotiated When Buying A Home?
With homebuying, everything is negotiable, from repairs and closing costs to furniture and appliances. Offers and counteroffers can negotiate on a mix of these factors. …
7 Ways to Stand Out as a Potential Homebuyer
With rates near all-time lows, the housing market is buzzing with potential buyers! Low rates mean more affordable payments or more home for your money, …
Virginia Housing Update
Virginia Housing (formerly referred to as VHDA) offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an …
5 Tips for Making an Offer on a Home
1. Check your emotions Buying a home can be both exciting and stressful. And, after a long home search, it’s easy to overlook some red …
Get Your Cash Back
Paying cash for a home has benefits. Take advantage of being a cash buyer to give the seller confidence the transaction will close quickly and …
The Lowdown on Down Payments & Mortgage Insurance
Many first time home buyers believe they must put 20 percent down on a home. But that is far from the truth! In 2019, NAR …
9 Tips for Purchasing Your First Home
Beginning the home buying process can be a very exciting, yet nerve-wracking experience for anyone starting off. These tips will help answer some questions to …
Home Improvement Projects with the Best ROI
Whether you’ve purchased a fixer-upper or are thinking about selling your home in the near future, it’s important to determine which renovations or upgrades can add value to your property.
Homebuyer Options
Low Down Payment Programs & Grants George Mason Mortgage has the program options to fit your story and our experienced mortgage professionals will help find …
Moving Checklist
6-8 Weeks Before Moving Budget for moving expenses and obtain estimates from moving companies Call insurance companies to identify record changes Cancel or transfer gym, …
ICE Mortgage Technology Case Study
In an effort to improve the mortgage lending experience, Fannie Mae and Freddie Mae required significant changes to the Uniform Residential Loan Application (URLA) used …
Refinancing 101
Rates have hit an all-time low and have left homeowners scrambling to refinance their mortgages. You have most likely heard in casual conversations with friends …
Your Journey Home
Knowing the path will travel together helps the journey go more smoothly. We have outlined some important highlights so you know what to expect along …