Mortgage Programs

Whether you are purchasing or refinancing, sizing up or sizing down, buying or building, our team of experienced home mortgage lending professionals will help you determine the best home loan option for you.

I am / I need…

Cash Saver

Let the Cash Saver Down Payment Assistance Program Loan (DPAL) help remove the financial obstacles to owning a home.
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Cash+Guarantee

GRB's Cash+Guarantee provides buyers and sellers the added benefit that GRB will BUY THE HOUSE for the purchase offer amount if the buyer fails to do so. Read for more details!
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Cash+Mortgage

With GRB's Cash+Mortgage program, buyers can make a good-as-cash offer and improve their chances of getting the home of their dreams. Read for more details!
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Commercial Real Estate Investment

GRB has solutions for real estate investors with larger multi-family units or a portfolio of properties.
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Community Partners

Exclusive discount program to assist neighborhood heroes like police, nurses, firefighters, teachers, military, etc.
  • Discount/Grant, Promotion

Construction Draw

Are you looking to build your dream home? GRB can provide construction draw and end loan financing.
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Conventional Loans

While GRB offers many flexible loan programs, tried-and-true conventional mortgages, fixed or adjustable rate, are a solid choice
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DSCR Loans

Debt Service Coverage Ratio (DSCR) loans use an investment property’s established cash flow history to help the investor qualify for the loan.
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Employer-Based Discounts

GRB maintains close partnerships with the U of R, RIT, and RRH to offer discounts and grants to their employees for the purchase of their home.
  • Discount/Grant

FHA Loan

FHA loans are government-backed and offer affordable down payment options with flexible credit requirements.
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HELOC

Put your home's equity to work. Whether you are using it to help bridge a funding gap for a new home or renovating your existing home, GRB can help.
  • Line of Credit

Home Possible®

The Home Possible® mortgage offers more options and credit flexibilities to help low-income borrowers attain the dream of owning a home.
  • Discount/Grant

Home Purchase Assistance Program (HPAP)

GRB supports the use of the City of Rochester’s Home Purchase Assistance Program Grant (HPAP) for down payment and closing cost assistance.
  • Discount/Grant, Third-party Program

Homebuyer Dream Program®

The Homebuyer Dream Program® is a non-competitive grant program offered by the Federal Home Loan Bank of New York to eligible first-time home buyers.
  • Discount/Grant, Third-party Program

Homebuyer Dream Program® Plus

The Homebuyer Dream Program® is a non-competitive grant program offered by the Federal Home Loan Bank of New York to eligible first-time home buyers.
  • Discount/Grant, Third-party Program

Homebuyer Dream Program® Wealth Builder

The Homebuyer Dream Program® is a non-competitive grant program offered by the Federal Home Loan Bank of New York to eligible first-time home buyers.
  • Discount/Grant, Third-party Program

HomeReady

Fannie Mae's HomeReady® Mortgage offers an ideal solution that works for today's creditworthy low-income borrowers-whether they're first-time or repeat buyers.
  • Discount/Grant

Jumbo Loans

GRB offers jumbo loans for buyers in need of financing for higher-priced properties that exceed the limits for conventional conforming loans.
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Manufactured Homes

GRB understands the unique requirements of financing manufactured homes, and is prepared to support you through the purchase process.
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Medical Professional Loan

GRB understands the unique financial needs of medical professionals and has mortgage programs designed just for them.
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Portfolio Lending

Using its portfolio, GRB provides a number of flexible home mortgage options for first homes, second homes, and investment properties.
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Preapprovals

In a competitive housing market, a preapproval can help you put in your strongest offer.

RateRelief

Buy with confidence, and refinance with ease through GRB's RateRelief promotion. Get your refinance costs waived when you close your mortgage with GRB!
  • Promotion

RateRelief+ Program

GRB’s RateRelief+ Program is a lender-funded 1-0 temporary buydown – lowering buyers’ monthly payment for the first year and providing an easy, lower-cost path to refinance should rates drop before December 31, 2027.
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Refinance

By refinancing an existing mortgage, you can lock in a lower rate, adjust your loan term, or switch from an adjustable rate to a fixed rate.
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SONYMA

The State of New York Mortgage Agency (SONYMA) offers low interest mortgage loans and programs to help qualified buyers purchase their first home.
  • Discount/Grant, Loan

SONYMA Homes for Veterans

The State of New York Mortgage Agency (SONYMA) offers low interest mortgage loans and programs to help qualified buyers purchase their first home.
  • Discount/Grant, Loan

Temporary Buydown

Discover how Temporary Buydowns can make home ownership more affordable by reducing your mortgage payments in the early years of your loan.
  • Discount/Grant, Loan

University of Rochester Home Ownership Incentive Program

Grant program available for U of R employees offering up to $20,000 for those purchasing city properties.
  • Discount/Grant, Third-party Program

USDA Loans

If your house is in a designated rural area and your income falls within certain limits, a U. S. Department of Agriculture (USDA) loan may be for you.
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VA Loans

U.S. Dept. of Veterans Affairs (VA) Loans offer no-money-down lending for active-duty, reservists, and honorably discharged service members.
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Vacation & Second Home

Purchasing a second home? Let your hometown team help you no matter where you are purchasing.
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Welcome Home Rewards

With our Welcome Home program, you can earn a credit on your mortgage loan just for opening a GRB Reward checking account at time of mortgage application.
  • Discount/Grant