It represents a significant rise from its original commitment
CrossCountry Mortgage (CCM) commits over $15 million in down payment assistance to assist over 6,500 first-time homebuyers. CCM initially pledged $10 million to the program.
"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. "Putting a down payment on a home remains one of the largest barriers to homeownership. We're dedicated to developing unique solutions to overcome the challenges faced by first-time homebuyers, giving individuals the opportunity to build strong roots in the communities they desire."
CCM established a Housing Initiatives team in 2023 to find ways to provide affordable solutions to enhance sustainable homeownership for first-time homebuyers, minority homebuyers, and underrepresented communities.
Currently, CCM has different down payment assistance programs, including a digital tool for first-time homebuyers to help them calculate their mortgage, connect with loan officers, and more.
