Mortgage lender Ameris Bank has launched the Ameris Choice program, providing qualified applicants in the Jacksonville, Fla., area up to $20,000 in assistance to purchase or refinance a home.
Ameris Choice is the newest addition to the bank’s suite of programs designed to support opportunities for homeownership in the communities it serves. Ameris previously launched the Ameris Down Payment Grant Program in August 2022.
Ameris Choice allows qualified borrowers to choose how their assistance funds are applied, ensuring their mortgage best suits their financial needs, and up to $20,000 may be used with a conventional, FHA or VA first mortgage, the company says in a release.
The funds can be applied as a combination of down payment assistance, closing cost assistance or permanent rate buydown.
The program is available for individuals purchasing or refinancing a primary residence in a majority Black and Hispanic census tract in Jacksonville.
The program is also available to individuals currently residing in a majority Black and Hispanic census tract in Jacksonville for purchase of a primary residence in Baker, Clay, Duval, or St. Johns counties in Florida.
“Ameris Choice underscores our commitment to providing equitable opportunities to home buyers in the Jacksonville area,” says Palmer Proctor, CEO of Ameris. “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.”
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