GMM Grants

Down Payment & Closing Cost Assistance Programs

Do you dream of owning a home but have limited funds for a down payment and closing costs? Our Welcome Home Grant or Journey Home Grant may be the answer to your home buying dreams.

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

Given that down payment, or lack thereof has proven itself to be one of the major barriers to homeownership. These programs were designed to bridge that gap while still providing homebuyers with competitive rates and fees just as if the down payment were their own; therefore expanding homeownership opportunities. 

GMM is proud to invest in your dreams and is dedicated to helping our neighbors and communities thrive and reach their financial goals.

Features of GMM’s Grants:

GMM Journey Home Grant1

  • Helping make homeownership more affordable
  • Up to $10,000 for down payment & closing costs
  • For Low-to-Moderate Income Homebuyers

GMM Welcome Home Grant2

  • Helping make homeownership more affordable
  • Up to $10,000 for down payment & closing costs
  • This program is only available in select market areas

GMM Journey Home Grant1

GMM Welcome Home Grant2

Do you know someone who might benefit from this grant? Help spread the word with friends, family, and neighbors and let’s make the most of this opportunity!

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. 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 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. 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.
Get Started on Your Journey Home
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