George Mason Mortgage’s

Welcome Home Grant

Down Payment & Closing Cost Assistance

Headline Here

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 Welcome Home Grant1 may be the perfect match for you.

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

  • Available for purchase and refinance 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 company that puts families and communities first. We are dedicated to supporting and investing in every neighborhood across our footprint, especially diverse communities, to advance equity and equality.

For more information about our GMM Grants visit here

1. 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.

Features of GMM’s Welcome Home Grant:

Get Started on Your Journey Home

Knowledge Base

Building and Financing Process

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 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 …

Model white house on dollar banknote. Insurance and property inv

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 …

Group of young adults laughing and walking down a hallway

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 2021 Announcement

FHFA Announces Conforming Loan Limits for 2022

Baseline Conforming Limit Will Increase to $647,200 FHFA Announces Conforming Loan Limits for 2022 | Federal Housing Finance Agency Washington, D.C. – The Federal Housing Finance …

man writing on inspection papers

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 …

jargon spelled out with dice blocks

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 …

women typing on her phone

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

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, …

government building framed with tulips

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 …

craft houses lined up on canvas background

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 …

close up house's model on banking account book with calculator, coin and pencil on table for planning of home loan mortgage refinance or retention interest rates , business and financial concept

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

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

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 …

Blue prints, color swatch, pencil colors, sketches, plans and documents for a home renovation

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

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

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, …

GMM Connect Background

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

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 …

Man and Woman Unpacking Near Welcome Home Welcome Mat, Moving Boxes and Plant.

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 …

Happy married couple in a new house.

Homebuyer Tips

Our goal is to make your home buying experience as smooth as possible. We have highlighted some best practices to help keep your finances in …

Happy multiethnic family under roof

Getting Started

Whether you are buying your first home, right-sizing now that the kids are gone, navigating the jumbo luxury market, renovating your home, or working with …

Piggy bank on money

Choosing The Right Down Payment

A down payment is the amount you pay toward the home yourself. You put a percentage of the home’s value down and borrow the rest …

New residential construction home framing against a blue sky.

Built Just For You

NEW CONSTRUCTION, CUSTOM HOME & RENOVATION HOME LOANS Our extensive knowledge of the new construction and renovation loan market allows us to offer a wide …

Scroll to Top