LENDING & QUALIFICATION RESOURCES

Fannie Mae and Freddie Mac recently introduced a new $2,500 credit for qualifying borrowers to use towards down payment and closing costs, and Ameris Bank is proud to be a participating lender to offer this credit effective immediately.

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To be eligible for the credit, borrowers must utilize a Fannie Mae HomeReady® or Freddie Mac Home Possible® mortgage and have a qualifying income of less than or equal to 50% of the applicable area median income (AMI) of the subject property's location.

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In addition, this credit is available with the Ameris Down Payment Grant Program, meaning an eligible borrower could receive up to $15,000 for down payment and closing cost assistance.

This credit is available for loans closing on or before January 1, 2025.