Citizens Trust Bank launches a down payment assistance grant offering $2,000 towards closing costs, opening homeownership to more borrowers [Yahoo! Finance]
CITZNS BANCSHARES CORP (CZBS)
NASDAQ:AMEX Investor Relations:
investor.citizensbank.com/about-us/investor-relations.aspx
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Source: Yahoo! Finance
ATLANTA March 25, 2024 /PRNewswire/ -- Citizens Trust Bank Residential Mortgage Division announced its Down Payment Assistance Grant Program to allow eligible homebuyers to overcome the financial barrier of making a substantial down payment when purchasing a home. This grant is being offered for affordable housing opportunities. With , borrowers who qualify can now reduce the time needed to save for a down payment and provide another option for those who are otherwise ready to take on homeownership. This funding will be used to help households with a maximum of grant contribution at the residential mortgage loan closing. Most markets are enduring an affordability crisis, and saving for a down payment remains one of the biggest barriers for many potential homebuyers. This is especially true for first-time homebuyers, who are often paying high rents. The combination of record-breaking home price appreciation and rising interest rates means a majority of first-time homebuyers (64%) ar
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