Wells Fargo recently launched its Homebuyer AccessSM grant, a Special Purpose Credit Program that provides down payment assistance to eligible customers who finance their home with Wells Fargo.
The Homebuyer Access grant is available on purchase transaction applications for new and existing Wells Fargo customers. It provides $10,000 in grant funds applied to down payment exclusively. No repayment is required on the grant money, and the grant may be combined with other select programs.
Once a homebuyer has found a house to call home and their offer has been accepted, they will need to apply and be approved for a Wells Fargo fixed-rate conventional loan. There is no separate application process required for the grant.
The new Homebuyer Access grant is available to homebuyers who are purchasing homes in or who currently live in select areas in eight Metropolitan Statistical Areas (MSAs) to start:
- Minneapolis–St. Paul–Bloomington, MN‑WI
- Philadelphia–Camden–Wilmington, PA‑NJ‑MD‑DE
- Dallas–Ft. Worth–Arlington, TX
- Washington–Arlington–Alexandria, DC‑VA‑MD‑WV
- Baltimore–Columbia–Towson, MD
- Atlanta–Sandy Springs–Alpharetta, GA
- Charlotte–Concord–Gastonia, NC‑SC
- New York–Newark–Jersey City, NY‑NJ‑PA
Potential homebuyers looking to purchase a home in any of the eight metropolitan areas and those who currently live in those areas can find out more about the program, including income limitations, by visiting wellsfargo.com/homegrant, calling 866‑327‑6414, or contacting a Wells Fargo Home Lending office in their area.
This information is for real estate and builder professionals only and is not intended for distribution to consumers. Information is accurate as of the date of printing and is subject to change without notice.
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