What is HomeFree-USA?
Founded in 1994 by Marcia and Jim Griffin, HomeFree-USA operates as a national intermediary dedicated to closing the homeownership gap, particularly for underserved communities. The company serves as a vital conduit, connecting 6.3 million consumers with the necessary guidance to achieve and sustain homeownership. By leveraging a vast network of mortgage servicers and financial partners, HomeFree-USA addresses the root causes of default and financial instability among borrowers of color. Its market position is unique, functioning at the intersection of public policy, private sector mortgage finance, and community-based advocacy, thereby creating a sustainable ecosystem for affordable housing and long-term wealth creation.
How much funding has HomeFree-USA raised?
HomeFree-USA has raised a total of $1.4M across 2 funding rounds:
Debt
$150K
Grant
$1.3M
Debt (2020): $150K with participation from PPP
Grant (2024): $1.3M led by TD Jakes Foundation and Wells Fargo
Key Investors in HomeFree-USA
TD Jakes Foundation
The T.D. Jakes Foundation is dedicated to empowering individuals and transforming communities by providing access to education, financial inclusion, and community well-being initiatives.
Wells Fargo
Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions with a significant market presence.
PPP
Public-Private Partnership
What's next for HomeFree-USA?
With the recent influx of capital, HomeFree-USA is well-positioned to expand its digital infrastructure and broaden its national intermediary network. The strategic focus will likely shift toward enhancing technological solutions for mortgage readiness and scaling its educational programs to reach a wider demographic. By deepening its partnerships with major financial institutions, the company aims to institutionalize its homeownership models, ensuring that equitable access to credit and housing remains a priority in the evolving real estate finance landscape. Future initiatives will likely prioritize data-driven community revitalization projects and the expansion of its workforce readiness programs to support long-term homeowner sustainability.
See full HomeFree-USA company page