What is HomeFree-USA?
Founded in 1994 by Marcia and Jim Griffin, HomeFree-USA operates as a specialized intermediary dedicated to closing the homeownership gap. The company emerged from a direct response to high default rates among borrowers of color, evolving into a national powerhouse that bridges the divide between financial institutions and prospective homeowners. By providing essential guidance and education, the firm facilitates long-term housing stability and economic mobility. Its unique market position allows it to act as a conduit for affordable housing initiatives, effectively aligning the interests of mortgage lenders with the needs of underserved populations to create a more equitable real estate landscape.
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 Wells Fargo and TD Jakes Foundation
Key Investors in HomeFree-USA
Wells Fargo
Wells Fargo is a leading U.S. financial services firm providing banking, lending, investment, and mortgage solutions. Known for its extensive branch network and diverse product offerings, the company maintains a significant market presence while navigating regulatory and reputational challenges in the evolving financial sector.
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. Their programs focus on educational access and workforce readiness, financial education, and holistic community transformation.
PPP
Public-Private Partnership
What's next for HomeFree-USA?
With the recent infusion of $1.3M, HomeFree-USA is well-positioned to accelerate its strategic objectives. The organization is expected to deepen its technological integration within the mortgage servicing ecosystem, enhancing the efficiency of its intermediary network. Future initiatives will likely focus on scaling its financial education programs and strengthening partnerships with major financial institutions to drive sustainable lending practices. By maintaining its focus on community-level impact, HomeFree-USA aims to further institutionalize its model for homeownership success, ensuring that the momentum gained from this latest round of financing translates into measurable improvements in housing equity and community revitalization across the nation.
See full HomeFree-USA company page
