WSFS Bank Offers Down Payment Assistance Through 2025 Mortgage Grant Program with $1.5 Million CommitmentFebruary 12, 2025 at 11:37 AM EST
Program has provided more than $4 million in grants since launch three years ago. WSFS Bank, the primary subsidiary of WSFS Financial Corporation (Nasdaq: WSFS), today announced the launch of its 2025 WSFS Down Payment Grant Program, reaffirming its commitment to making the dream of homeownership a reality for individuals and families in the community. With $1.5 million in grants available for 2025, WSFS continues its mission to help those with limited savings secure safe and affordable housing. Since the program’s launch three years ago, WSFS has provided over $4 million in grants to assist homebuyers, significantly reducing barriers to homeownership. This initiative has made a lasting impact, helping countless families find a place to call home. “We understand that purchasing a home can be a challenging process, especially for first-time buyers,” says Ron Dutton, Senior Vice President, Director, Community Reinvestment for WSFS Bank. “With initiatives like this, we aim to simplify the process and empower more people to achieve their dreams of homeownership.” The program offers qualified borrowers up to $5,0001 in assistance for down payment and/or closing costs. Designed for individuals and families with limited savings, the program provides flexible guidelines and competitive mortgage rates tailored to meet the needs of each Customer. Key program features include:
To be eligible for a WSFS Down Payment Grant, total household income must be at 100% or below the Area Median Income (AMI) and the property must be located in Majority-Minority Census Tracts (MMCT) within the following counties in the Greater Philadelphia and Delaware region:
For more information, visit https://www.wsfsbank.com/borrowing/mortgages/affordable-mortgage. To speak with a WSFS representative about the Down Payment Grant Program, call 855.901.9737 or call 888.456.0146 to discuss the Neighborhood Opportunity Program. 1May vary based on program underwriting guidelines. Home must be a primary residence located in a census tract where the population is at least a 50% majority minority census tract and the total household income cannot exceed 100% of the Area Median Income (AMI) of the census tract as determined by the HUD published 1 to 4 household member Area Median Income. 21099-MISC will be issued to borrower on awarded funds. WSFS Bank will leverage other down payment and/or closing costs Grant programs prior to deployment (or use) of WSFS Grant Funds. WSFS Grant funds awarded while funds last for the award program year. Loan program is subject to change. Offer subject to credit approval.
About WSFS Financial Corporation
View source version on businesswire.com: https://www.businesswire.com/news/home/20250212390635/en/ Contacts
Media: Connor Peoples
More NewsView More
Five Below and Dollar Tree Earnings Signal a Shopper Shift ↗
Today 7:15 EST
Via MarketBeat
Ulta’s Stock May Be Set for a Glow-Up—20% Upside Ahead? ↗
December 06, 2025
Via MarketBeat
Tickers
ULTA
Gates Foundation Sells MSFT Stock—Should Investors Be Worried? ↗
December 06, 2025
Via MarketBeat
Tickers
MSFT
MarketBeat Week in Review – 12/1 - 12/5 ↗
December 06, 2025
Rocket Lab’s Big Rebound? Analysts Suggest the Dip's a Gift ↗
December 05, 2025
Via MarketBeat
Tickers
RKLB
Recent QuotesView More
Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes. By accessing this page, you agree to the Privacy Policy and Terms Of Service.
© 2025 FinancialContent. All rights reserved.
|