Program aims to bridge homeownership gap in minority communities
Ameris Bank has unveiled a down payment grant program to assist prospective homebuyers in Jacksonville, Fla.
This Ameris Choice program offers up to $20,000 to eligible applicants for purchasing or refinancing a home, marking a significant step in its ongoing efforts to enhance homeownership opportunities in the region.
The bank said Ameris Choice is an extension of its diverse home-buying support initiatives, allowing qualifying borrowers considerable flexibility in using their assistance funds. It is accessible to individuals aiming to purchase or refinance a primary residence within majority Black and Hispanic census tracts in Jacksonville. Additionally, residents of these tracts can also use the program for home purchases in Baker, Clay, Duval, or St. Johns counties.
The funds from the program can be applied as a combination of down payment assistance, closing cost assistance or permanent rate buydown.
Read more: Is this the saving grace amid rising mortgage rates?
“Ameris Choice underscores our commitment to providing equitable opportunities to home buyers in the Jacksonville area,” Ameris Bank CEO Palmer Proctor said in a press release. “This new program will help more people realize the dream of homeownership, and we are proud of the work we’re doing to build stronger communities.”
Stay updated with the freshest mortgage news. Get exclusive interviews, breaking news, and industry events in your inbox, and always be the first to know by subscribing to our FREE daily newsletter.
