Courtesy of
Courtesy of

George Mason Mortgage LLC and United Bankshares, Inc., recently launched a pair of grants to assist those looking to purchase a house in the D.C. area but who may have trouble making a down payment.

Both the Welcome Home Grant and the Journey Home Grant combine an inexpensive down payment mortgage with down payment and closing cost assistance to help eligible homebuyers.

Studies have shown that procuring down payment funds is a major hurdle to purchasing a house. The grant programs are meant to help address that issue while providing the new homeowner with competitive rates and fees.

“GMM is proud to expand homeownership opportunities for families in our communities and is dedicated to serving our neighbors by helping build wealth through homeownership,” said James Consagra, president of United. “We are dedicated to supporting and investing in the communities in our footprint to advance equity and equality.”

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