## CrossCountry Mortgage Exceeds $15 Million in Down Payment Assistance, Empowering Over 6,500 First-Time Homebuyers
In an era where affordability challenges make homeownership increasingly difficult, CrossCountry Mortgage (CCM), the nation’s leading distributed retail mortgage lender, is steadfast in its commitment to making the dream of homeownership a reality for first-time buyers. CCM initially pledged a substantial $10 million to its down payment assistance programs. Today, the company proudly announces it has exceeded that commitment, pouring over $15 million into these programs and assisting over 6,500 first-time homebuyers in securing their own piece of the American dream.
“Everyone deserves to be a part of a neighborhood that provides a sense of belonging and security,” said Jayma Banks, Senior Vice President of Housing Initiatives at CCM. “The down payment remains one of the biggest barriers to homeownership. We’re dedicated to developing innovative solutions that address the unique challenges faced by first-time homebuyers, providing them with the opportunity to build strong roots in the communities they desire.”
CCM’s dedication to creating equitable access to homeownership took a significant step forward in 2023 with the establishment of a Housing Initiatives team. This team’s mission is to identify and implement solutions that create affordable and equitable pathways to sustainable homeownership for first-time buyers, particularly those from minority communities and underrepresented groups.
Multiple Programs, Personalized Support
CCM offers a range of down payment assistance programs, each tailored to specific eligibility requirements:
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Freddie Mac BorrowSmart Access SM:
This program provides up to $4,000 in down payment assistance based on Area Median Income (AMI) and other criteria. It’s available in select Metropolitan Statistical Areas (MSAs) across the United States.*
CCM Smart Start:
Designed specifically for first-time homebuyers, this program offers assistance of up to $5,250 towards their down payment.*
CCM Community Promise:
This program extends $6,500 in down payment assistance to first-time homebuyers residing in qualifying neighborhoods within select cities.Beyond financial assistance, CCM provides a comprehensive digital, educational experience for first-time homebuyers. This user-friendly platform guides individuals through the entire homebuying process step-by-step. It features a robust mortgage calculator, easy access to connect with local loan officers, and a library of real stories from other first-time buyers, offering valuable insights and shared experiences.
About CrossCountry Mortgage
CrossCountry Mortgage (CCM) stands as the nation’s number one distributed retail mortgage lender, employing over 7,000 dedicated individuals across more than 700 branches. CCM provides mortgage services across all 50 states, the District of Columbia, and Puerto Rico. The company has garnered numerous accolades, including ten appearances on the Inc. 5000 list of America’s fastest-growing private businesses, and is renowned for its exceptional company culture.
CCM offers a wide range of mortgage, refinance, and home equity solutions, including conventional and jumbo mortgages, government-insured FHA programs, and specialized programs for veterans and rural homebuyers. As a direct lender and approved seller and servicer by Freddie Mac, Fannie Mae, and Ginnie Mae, CCM is committed to providing a seamless and efficient mortgage experience. With a focus on “getting it done”, CCM ensures every mortgage feels like a win for its clients.
Visit ccm.com to learn more.
