Citizens Trust Bank Rolls Out Down Payment Assistance

Atlanta-based Citizens Trust Bank announced a new down payment assistance program for borrowers purchasing affordable homes. The grant offers up to $2,000 to eligible buyers looking to purchase affordable housing. Citizens says its goal is to help more Americans reach their homebuying dream, considering that saving for a down payment in a high inflation, high home price environment is a huge hurdle. “For those who have been held back by the upfront costs associated with homeownership, down payment assistance, especially toward closing costs can help to lower the barrier to entry and make the dream of owning a home a reality,” said Citizens Trust Bank Residential Mortgage Operations Manager, Yulanda Munford. A majority of first-time buyers are making a down…