Unlock Your Dream Home with Morris Bank's 2025 Affordable Housing Program

Achieving the dream of homeownership is a cornerstone of financial stability and community growth. We understand the challenges many face in reaching this milestone, especially in today's market. That’s why we are proud to introduce our 2025 Affordable Housing Program Homeownership Set-aside Program, designed to assist both first-time and returning homebuyers in overcoming these hurdles.

Overview of the 2025 Homeownership Set-aside Program 

The 2025 Homeownership Set-aside Program is our commitment to making homeownership more accessible and affordable. This initiative supports eligible individuals and families by offering significant financial subsidies for down payments, closing costs, and other critical housing expenses. Whether you are purchasing your first home or are a seasoned buyer looking to relocate or upgrade, this program is tailored to help you lay down roots without the financial strain.

Eligibility Requirements To qualify for this advantageous program, applicants must meet specific criteria, ensuring that aid reaches those who need it most:

• Eligible Borrowers: The program is open to both first-time homebuyers and community partners, which include professionals like law enforcement officers, educators, healthcare workers, and veterans.

• Income and Property Requirements: Applicants must earn at or below 80% of the Area Median Income (AMI) and are looking to purchase owner-occupied residences, including manufactured homes.
  
  

Financial Benefits Receive up to $20,000 in assistance for community partners and $17,500 for first-time homebuyers. These funds can make a significant difference in covering:

• Down Payments: Reduce the upfront costs that often pose the largest barrier to homeownership.

• Closing Costs: Alleviate the additional expenses involved in finalizing your home purchase.
  
  

Application Process Getting started with your application is straightforward:

1. Eligibility Check: Visit any Morris Bank branch or our website to discuss your situation and determine if you meet the program’s criteria.

2. Application Submission: Complete the necessary paperwork with the help of our knowledgeable mortgage professionals.

3. Find a Home: Use our resources and approved counselors to find a home that fits your budget and needs.

At Morris Bank, we don’t just finance homes—we foster community and long-term stability. If you dream of owning a home but are deterred by financial obstacles, let us help you through the 2025 Affordable Housing Program. Your journey to homeownership starts here. Contact Morris Bank today to speak with one of our home loan experts and let us help you unlock the door to your new home.