Unlocking Opportunities with Gifts, Grants, and Affordable Seconds

GIFTS

 

Take advantage of the generosity of your loved ones or community organizations! This allows you to receive financial assistance from eligible donors to use towards your down payment or closing costs. Gifts do not create a lien on your property.

  • Ensure that the gift comes from an acceptable source, such as a family member, employer, or charitable organization.
  • Obtain a gift letter from
    the donor, confirming that the funds are a gift and not a loan.
  • Keep documentation of the transfer of funds to provide to your Loan Officer.

GRANTS


George Mason Mortgage is committed to helping you access various grants that can ease the financial burden of homeownership. Grants provide financial assistance that can be applied towards down payment, closing costs, or even rehabilitation expenses. Grants do not create a lien on your property.

  • Research grant programs specific to your location and eligibility criteria.
  • Prepare all necessary documentation and complete the application accurately.
  • Seek assistance from our experienced loan officers, who can guide you through the process and ensure you submit a strong application.

AFFORDABLE SECONDS


Affordable Seconds offer secondary financing options, enabling you to access the additional funding you need. With flexible terms and competitive rates, you can secure that extra boost you need to make homeownership a reality. Affordable Seconds create a secondary lien on your property.

  • Consult with your Loan Officer to determine if Affordable Seconds are right for you.
  • Prepare your financial documents, such as income verification and credit history, to expedite the application process.
  • Evaluate the terms and conditions of the program carefully to ensure it aligns with your long-term financial goals.
At George Mason Mortgage, we believe that everyone deserves the opportunity to own a home. Let us help make your dream of homeownership a reality and start your journey today!

The information provided above is a general overview. Specific guidelines, eligibility criteria, and program availability may vary. Please consult with our Loan Officers for detailed information tailored to your unique situation.

Related Articles

government building framed with tulips

Virginia Housing Update

Virginia Housing offers affordable loan programs for Virginians. With the update of Income and Sales Prices in addition to an increase of Loan Limits, Virginia ...
Read More →
2024 Conforming Loan Limits

FHFA Announces Conforming Loan Limits for 2024

Baseline Conforming Limit Will Increase to $766,550 FHFA Announces Conforming Loan Limits for 2024 | Federal Housing Finance Agency Washington, D.C. – The Federal Housing Finance ...
Read More →

Federal Home Loan Bank (FHLB) of Atlanta provides Grants for Community Partners and First-Time Homebuyers

Opening Doors for More Homebuyers George Mason Mortgage understands that saving money for a down payment and closing costs is one of the most challenging ...
Read More →
Out of This World Rent

Rent prices out of this world?

At George Mason Mortgage, we understand the challenges you may be facing in today’s housing market, and we are here to empower you with viable ...
Read More →
Maryland Smartbuy Program 3.0

Achieve Your Dream Home and Tackle Student Debt with Maryland SmartBuy Program 3.0

Are you a Maryland resident dreaming of homeownership but burdened by student debt? The Maryland SmartBuy Program 3.0 is here to help you turn that ...
Read More →
Gifts Grants and Affordable Seconds - Horizontal

Unlocking Opportunities with Gifts, Grants, and Affordable Seconds

GIFTS Take advantage of the generosity of your loved ones or community organizations! This allows you to receive financial assistance from eligible donors to use ...
Read More →
Scroll to Top