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Ameris Bank Commits $10 Million To Support Eligible First-Time Homebuyers
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ATLANTA, Aug. 16, 2022 /PRNewswire/ -- Ameris Bank today announced the Ameris Down Payment Grant Program, committing $10 million in grants over the next three years to eligible first-time homebuyers for down payment and closing cost assistance.
"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 Ameris Down Payment Grant 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
Includes homebuyer education to help first-time buyers prepare for the step of homeownership
For more details on the Ameris Down Payment Grant Program, please visit amerisbank.com/grant.
The Ameris Bank website also provides a homebuyer guide, mortgage calculator and other educational resources for homebuyers.
About Ameris Bank
Ameris Bancorp (Nasdaq: ABCB) is a financial services company committed to bringing financial peace of mind to its communities. Headquartered in Atlanta, it operates 164 financial centers across the Southeast and 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. Learn more about Ameris Bank at www.amerisbank.com.
from our earliest beginnings in 1971, our founders envisioned a bank known for its steadfast combination of character, service and value. we continue to hold true to these core traits, while also capitalizing on innovative products and services. as of today, we have... -approximately $5.2 billion in assets -over 100 full-service banking and mortgage locations -over 20 years of consecutive average asset growth -15 quarters of continued profitability as ameris bank has maneuvered through the latest economic cycle ...and our parent company, ameris bancorp, is publicly traded on the nasdaq under abcb throughout our history, ameris bank has experienced and is continuing to experience progress, innovation, and development. regardless of our expansion and growth, ameris bank will always stay true to our roots: a high-performing community bank with an emphasis on providing exceptional customer experiences. to learn more about us, please visit: www.amerisbank.com