Receive A $6,500 Grant

Purchase Plus Program

This unique program gives you $6,500 to help cover the costs of homeownership.



  • $6,500 grant can be applied towards your closing costs or down payment
  • No repayment and no strings attached
  • No income restrictions - buyers of all income levels can benefit
  • Fast close – 21 days from contract to keys
  • Mortgage insurance premiums are discounted below typical retail levels


  • Buyers must reside in specific census tracts in CA, AZ, TX, FL, GA, & TN to qualify
  • $766,650 maximum loan amount
  • Minimum credit score of 620
  • At least one buyer must be a first-time homebuyer (meaning they haven't been on title to a home in the last 3 years

One of the biggest challenges for first-time buyers is coming up with the cash needed to purchase their home. This is where the JVM Purchase Plus Program comes to the rescue. This is an unbeatable grant program that provides homebuying funds that can be used towards your down payment and/or closing costs.

What Is The Purchase Plus Program?

JVM’s Purchase Plus Program is free money – a $6,500 gift that does not need to be repaid. It simply reduces the total cash needed to close on a purchase. Imagine the possibilities you unlock by removing $6,500 from your cash to close and easing the initial financial load of homeownership. The JVM Purchase Plus Program brings this vision to life, offering a substantial grant to alleviate the expenses commonly associated with purchasing your first home. Best of all, this grant is a gift to you, requiring no repayment.

Regardless of whether you’re setting your sights on a charming suburban residence or a stylish city apartment, the flexibility of this program, including its broad geographical eligibility and substantial loan cap, caters to a diverse array of buyer aspirations.

Program Highlights

  • Generous Grant Available: $6,500 towards closing costs or down payments.
  • Nationwide Home Purchase Eligibility: Open to buyers purchasing homes anywhere in the U.S.
  • Loan Cap Flexibility: Available for loans up to $766,650.
  • No Income Restrictions: Accessible to buyers across all income brackets.
  • Swift Closing Timeline: Close in as little as 21 days.
  • Favorable Rates for First-Time Buyers: Your rates won’t be negatively affected by low credit scores or down payments.
  • Lowered Mortgage Insurance: Enjoy discounted rates below standard market levels.

Program Qualifications

Must Currently Live In A Designated Census Tract

Eligibility is specific to people who currently reside in certain census tracts in CA, AZ, TX, FL, GA, & TN. To take advantage of the Purchase Plus Program, homebuyers must live in one of the designated census tracts in these states. However, homebuyers can buy their new home anywhere. It does not have to be within the same census tract where they currently live. For more eligibility information, contact JVM Lending.

First-Time Homebuyer Status

Eligibility requires at least one buyer to be a first-time purchaser. This means they are either purchasing their first home ever, or it means that they have not had their name on title to a home in the past three years.

Census Tract Requirements

Census tracts are defined by the U.S. Census Bureau as subdivisions for analyzing demographics, with an average population of about 4,000. These tracts aim to group areas with similar population characteristics, economic statuses, and living conditions.

Understanding and meeting the census tract requirements is a crucial step in the JVM Purchase Plus Program. This program is tailored to assist first-time buyers within these specific areas, enhancing their homebuying journey and grant eligibility.

Below are maps outlining the eligible areas:

McAllen, Texas

McAllen TX

Houston, Texas

Houston TX

Dallas Fort Worth, Texas

Dallas Fort Worth TX

Brownsville, Texas

Brownsville TX

San Antonio, Texas

San Antonio TX

Riverside – Ontario – San Bernardino, California

Riverside CA

Tampa, Florida

Tampa FL

Orlando, Florida

Orlando FL

Miami, Florida

Miami FL

Atlanta, Georgia

Atlanta GA

Memphis, Tennessee

Memphis TN

Phoenix-Mesa-Chandler, Arizona

Phoenix Arizona Purchase Plus Map

Frequently Asked Questions

Who is eligible for the $6,500 grant?

Eligibility for the grant is only for first-time homebuyers who currently live in one of the designated census tracts. The working definition of a first-time homebuyer is an individual who has not owned a home in the last three years. Specific eligibility criteria also involve residing in certain census tracts within CA, AZ, TX, FL, GA, & TN.

Can the grant be used for any type of property?

Yes, the grant can be used for purchasing various types of properties, including suburban houses and urban apartments, as there are no geographic limitations to where in the United States the home can be purchased.

Are there any income restrictions for the program?

No, there are no income restrictions for the JVM Purchase Plus Program. It is designed to be inclusive and accessible to buyers across all income levels.

How can the $6,500 grant be used?

The grant can be applied towards your closing costs or down payment, offering significant financial relief during the homebuying process.

Is there a cap on the loan amount to be eligible for the program?

Yes, the program applies to loan amounts up to $766,650, accommodating a wide range of home prices to suit various buyer needs.

How quickly can I close on my home with this program?

The JVM Purchase Plus Program is designed for rapid closings, with the potential to close as quickly as 21 days from the start of the process, ensuring a swift move-in.

Will my credit score or down payment amount affect my eligibility for reduced rates?

No, the program offers reduced rates for first-time buyers regardless of low credit scores or low down payments, ensuring generous and supportive financial terms.

Can the JVM Purchase Plus Program be combined with other assistance programs?

Yes, one of the program’s benefits is its flexibility, allowing buyers to enhance their savings by combining the $6,500 grant with other local grants, community second loans, and down payment assistance programs. Contact JVM Lending to learn more about our various down payment assistance programs available.

How do I find out if I live in an eligible census tract?

To determine your eligibility based on census tract requirements, it’s best to consult directly with a JVM Mortgage Expert. They can provide detailed information about eligible census tracts and how they relate to your specific situation.

Take the Next Step with JVM Lending

The path to homeownership is both exciting and daunting. With JVM’s expert guidance and the financial leverage of the JVM Purchase Plus Program, we’re committed to making your homeownership dream a tangible reality. For first-time buyers, this program is your gateway to a new home, free from the typical financial burdens. Let’s embark on this journey together and unlock the door to your first home.

For more information or to start your journey, start your JVM loan application online or contact JVM Lending at (855) 855-4491 or email [email protected].


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