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.
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 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.