Skip to main content

Ameris Bank Commits $10M To Help 1st-Time Homebuyers

David Krechevsky
Aug 16, 2022
Ameris Bank

The Ameris Down Payment Grant Program will help eligible first-time buyers with down payments and closing costs.

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 today's 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."

The program:

  • 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.

Based in Atlanta, Ameris Bancorp is a financial services company that operates 164 financial centers across the Southeast. It also serves consumer and business customers nationwide through select lending channels. Ameris Bank manages more than $23 billion in assets as of June 30, 2022, and provides a full range of traditional banking and lending products, treasury and cash management, wealth management, insurance premium financing, and mortgage and refinancing services.

Published
Aug 16, 2022
Guild Mortgage Acquires Inlanta Mortgage

Guild CEO says acquisition is part of broader plans to expand nationwide.

Industry News
Dec 02, 2022
Ohio Couple Sues Mr. Cooper Unit Over Loan Modification Denial

Seek class action status over denial of COVID-19

Industry News
Dec 01, 2022
Ready Life Changing The Homebuying Narrative

CEO says that the credit score system is an out-of-date barrier to people of color

Industry News
Nov 30, 2022
Title Business Takes Center Stage

Business turning into a hot topic with proposed changes

Industry News
Nov 30, 2022
Equifax Confirms Credit Report Hike

Costs could go up as much as 400% in some cases, according to NCRA.

Industry News
Nov 29, 2022
‘Massive’ Increase In Credit Report Cost Coming In 2023

NCRA says a 'vast majority' of mortgage lenders will incur price increases ranging from 10% to 400%.

Industry News
Nov 28, 2022