United Community expands access to homeownership with up to $10,000 in down payment assistance

United Community is strengthening its commitment for a path to homeownership through expanded down payment assistance and grant offerings, highlighted by a bank-funded program that provides up to $10,000 in down payment support for qualified homebuyers.

This investment builds on the bank’s long-standing focus on Community Reinvestment Act (CRA) lending and education and introduces new tools aimed at reducing some of the most common financial barriers to buying a home.

“At United, we believe that homeownership is one of the most powerful ways to build long-term financial stability,” said Mortgage President Mike Davies. “These expanded programs reflect our commitment to making that dream more accessible, especially for families in communities that have historically been underserved.”

In addition to the United Community Down Payment Assistance program, United has recently launched the Equity Access Grant, which offers up to $4,500 to help cover closing costs or other final expenses that may stand in the way of a loan closing. The bank is also continuing to grow its PATH (Possibilities Achieved Through Homeownership) loan, a 30-year fixed rate mortgage that eliminates private mortgage insurance (PMI) for qualifying borrowers, including those purchasing in designated areas within United’s footprint or earning less than 80% of the area median income.

These efforts are supported by a dedicated team of CRA Mortgage Loan Originators who work one-on-one with customers to guide them through the mortgage process and help them navigate affordable loan products and financial support options.

United Community’s expanded housing programs are available throughout its Southeastern footprint and are designed to empower more individuals and families to build generational wealth through homeownership.