Guaranty Bank & Trust launches program for affordable homeownership

Guaranty Bank & Trust launched an innovative program, Guaranty CommunityFirst Mortgage and Development Program, to empower those in the south Dallas community to achieve homeownership in an affordable manner. The initiative was inspired by the belief that everyone deserves the opportunity to afford a home.

The bank will provide $1,000,000 in subsidized mortgage loans for residents located in majority minority census tracts in south Dallas and throughout the Dallas metroplex, with $100,000 set aside for closing cost assistance and subsidies. The bank will provide up to $100,000 in financial support for south Dallas community partnerships supporting homeownership, financial literacy education and workforce training.

“At Guaranty Bank & Trust, we understand that homeownership is not only a personal achievement but also a foundation for stronger communities,” said Ryan Coaxum, senior vice president and community development officer at Guaranty Bank & Trust. “The Guaranty CommunityFirst Mortgage and Development Program is our way of giving back and helping individuals and families achieve their homeownership goals while contributing to the strength of our community.”