Ameris Bank Commits $10M To Help 1st-Time Homebuyers
Summary
Ameris Bank has announced the Ameris Down Payment Grant Program, committing $10 million in grants over the next three years to eligible first-time homebuyers to help with down payments and closing costs. "Especially given todays tough housing market, the objective of this program is to reduce barriers to homeownership and strengthen communities," said Palmer Proctor, CEO of Ameris Bank. "This program will provide hundreds of low-to-moderate income homebuyers in underserved communities, including minority communities, with funding and education assistance to help them achieve homeownership." • Provides qualified borrowers up to $12,500 in forgivable grants to use toward down payment and closing costs; • May be combined with other federal, state, and local grant programs, and • Includes homebuyer education to help first-time buyers prepare for the step of homeownership. It also serves consumer and business customers nationwide through select lending channels.