$2,500 HomeReady & Home Possible Grant Available for 2026
If you’re looking for help with your down payment, the HomeReady® and Home Possible® $2,500 grant is back for 2026.
This grant program is designed to help eligible buyers reduce upfront homebuying costs and make homeownership more affordable.
What Is the $2,500 Grant?
Qualified borrowers may receive $2,500 in assistance that can be applied toward:
- Down payment
- Closing costs
- Escrows
- Mortgage insurance premiums
The full amount of the grant must be provided directly to the borrower through the transaction and cannot be used as a lender origination or discount fee.
Who Is Eligible?
The grant is available on loans that:
- Meet Agency income limits (below 50% of Area Median Income)
- Qualify under HomeReady (Fannie Mae) or Home Possible (Freddie Mac) guidelines
- Include at least one first-time homebuyer
- Are secured by eligible one-unit properties (and certain multi-unit properties under program guidelines)
All standard HomeReady and Home Possible requirements apply.
Why This Matters
For many buyers, the biggest hurdle to purchasing a home is coming up with funds for the down payment and closing costs. This $2,500 grant can help bridge that gap, making it easier to move forward with confidence.
If you’re unsure whether you qualify, our team can review your income, property eligibility, and loan options to see if the HomeReady or Home Possible grant is a good fit.
Ready to Learn More?
Contact GMFS Mortgage today to find out if you’re eligible for the HomeReady or Home Possible $2,500 grant before the program expires at the end of 2026.