GMM Grants

Down Payment & Closing Cost Assistance Programs

Pathway Home Grant and Discovering Home Grant

The path to homeownership may be shorter than you think! Don’t let the potential hurdle of not having enough funds for a down payment or closing costs stop you from achieving your dreams of homeownership. GMM’s Pathway Home Grant and Discovering Home Grant may be the perfect path for you.

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

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

Features:

GMM Pathway Home Grant¹

GMM Discovering Home Grant²

Welcome Home Grant and Journey Home Grant

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

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:

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 Grant³

GMM Welcome Home Grant⁴

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. Not all applicants are eligible. Pathway Home Grant is a Lender Grant and is only available in select market areas. No cash back for the Grant funds allowed. Loan must be for purchase or eligible refinance of primary residence. For purchase transactions, Grant is capped at $10,000, with up to 3% of the sales price or appraised value (whichever is less) applied towards down payment first and then any remaining funds applied to closing costs. For eligible 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.

2.Subject to Credit Approval. Not all applicants are eligible. Discovering Home Grant is a Lender Grant and is only available in select 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 eligible 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 Discovering 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.

3. Subject to Credit Approval. Not all applicants are eligible. Journey Home Grant is a Lender Grant and is only available in select 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 eligible 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.

4.Subject to Credit Approval. Not all applicants are eligible. Welcome Home Grant is a Lender Grant and is only available in select market areas. No cash back for the Grant funds allowed. Loan must be for purchase or eligible 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 eligible 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.