Ameris Bank Launches Ameris Choice Home Mortgage Lending Program

Rhea-AI Summary

Ameris Bank launches the Ameris Choice program, offering up to $20,000 in assistance to qualified applicants in Jacksonville, FL for home purchase or refinance. The program allows borrowers to choose how the funds are applied, available for individuals in majority Black and Hispanic census tracts, and aims to provide equitable opportunities for homeownership.

Qualified applicants in Jacksonville, FL area eligible for up to $20,000 toward home purchase or refinance

ATLANTA, Jan. 18, 2024 /PRNewswire/ -- Ameris Bank announced the launch of the Ameris Choice program, providing qualified applicants in the Jacksonville, Florida 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 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," said 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."

To learn more, potential borrowers should visit www.amerisbank.com/amerischoice. 

About Ameris Bank
Ameris Bank, a subsidiary of Ameris Bancorp (Nasdaq: ABCB), is a state-chartered bank headquartered in Atlanta, Georgia.  Ameris operates 164 financial centers across the Southeast and serves consumer and business customers nationwide through select lending channels. Ameris manages $25.70 billion in assets as of September 30, 2023, and provides a full range of traditional banking and lending products, treasury and cash management, insurance premium financing, and mortgage and refinancing services. Learn more about Ameris at www.amerisbank.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ameris-bank-launches-ameris-choice-home-mortgage-lending-program-302038813.html

SOURCE Ameris Bank

FAQ

What is the new program launched by Ameris Bank?

Ameris Bank has launched the Ameris Choice program.

How much assistance does the Ameris Choice program offer to qualified applicants?

The program offers up to $20,000 in assistance.

Who is eligible for the Ameris Choice program?

Qualified borrowers in the Jacksonville, FL area are eligible for the program.

Where can potential borrowers find more information about the Ameris Choice program?

Potential borrowers can visit www.amerisbank.com/amerischoice for more information.

What is the CEO of Ameris Bank's statement about the Ameris Choice program?

Palmer Proctor, the CEO of Ameris Bank, stated that the new program underscores their commitment to providing equitable opportunities to home buyers in the Jacksonville area.