First Choice Bank President and CEO, Randy Hanks, joined by Mercer County Executive Brian Hughes, announced a new program today, which invests in the homes and residents of Mercer County.
First Choice Bank has allocated $50,000 for a First Time Home Buyers program for their mortgage clients. First time homebuyers buying in Mercer County who qualify under the NJHMFA (NJ Housing and Mortgage Finance Agency) guidelines will be eligible for the First Choice Bank program as well. First Choice Bank will offer 1% of the purchase price up to $3,000 for the buyer to use towards the down payment or closing costs. "This program gives us a chance to encourage residents in the current economic climate to buy in Mercer County." said Hanks
Eligibility will be determined by applications which are available at all First Choice locations and will also be available at mortgage seminars scheduled for April and May. Those interested in submitting an application can call Paul DeUmberto at 609.498.7749 or email Paul at firstname.lastname@example.org.
"The program shows the confidence that First Choice Bank has in our capital county," said County Executive Hughes. "Economic development is key to the success of any community and the investment that First Choice has made here is a 'win' for the hardworking residents of Mercer County."
"Mercer County residents took us under their wings, invested in us and have helped us grow from one small branch in Lawrenceville four years ago to five branches around the county today. It is our way to say thank you to them." said Hanks.
First Choice Bank opened its first branch in Lawrenceville in 2007, the first community bank to open in the area in 40 years. Since then, they have grown steadily, opening four additional branches in Mercer County. In 2009, they opened a mortgage services division, First Choice Bank Loan Services Inc., allowing them to offer their customers highly competitive loan rates, dedicated to delivering residential mortgage products on a national platform as direct lenders offering Conventional, FHA, and VA loan products. We strive to service every community in which we do business.