CMG Community ONE
Get a grant of up to 2% or $6,000 & only pay for 1% of your down payment.
Grant money for low-to -moderate income buyers
CMG Community ONE was designed to help low-to-moderate income borrowers pay less in upfront costs when they purchase a primary residence home.
Highlights
CMG Community ONE benefits
Frequently Asked Questions
We’re here to help! Find answers to your everyday banking questions.
No. Community ONE provides a grant of up to 2% of the home's purchase price, with a maximum benefit of $6,000, for eligible borrowers. Because it's a grant, it does not have to be repaid, provided program requirements are met.
Not necessarily. Eligibility is based on program requirements rather than whether you've previously owned a home.
Depending on the program and your eligibility, additional assistance options may be available. Your loan officer can help determine which programs can be combined.
Community ONE is available for eligible primary residences financed with qualifying HomeReady® or Home Possible® loans. Your loan officer can explain eligible property types and program requirements.