These low, low prices won’t last.
Fifth Third Bank has expanded its program to help low-income borrowers buy a home. The company announced this week that it will now provide as much as $7,500 for down payments and closing costs for these buyers.
Last year, the bank rolled out this program lending $1,500 per family to buy a home, which could be combined with the $3,600 that the bank already offered for down payment assistance. This is a double-down on this program, aimed at helping low-income families reach for home ownership.
Fifth Third Bank says that more than 3,200 have used this program since it started last year.