Wells Fargo Grants for Home Buyers in 2024
Discover the possibilities of Wells Fargo grants for home buyers in 2024. Explore valuable insights, eligibility criteria, and the application process to empower your journey toward homeownership.
Wells Fargo Home Lending has introduced the $10,000 Homebuyer Access grant program to alleviate the down payment burden for eligible homebuyers residing in or acquiring homes in specific underserved communities across eight metropolitan areas. This initiative under the Special Purpose Credit Program (SPCP) represents a crucial addition to Wells Fargo’s commitment to fostering economic growth, sustainable homeownership, and neighborhood stability, particularly in minority communities.
Are you ready to explore how Wells Fargo supports aspiring homeowners with financial assistance and making informed decisions on your path to a new home?
Eligibility for Homebuyer Access Grant Program
The $10,000 Homebuyer Access grant is a tangible step toward realizing homeownership dreams for families, aiming to bridge the wealth-building gap. The grant is initially accessible to homebuyers within or relocating to designated areas in eight metropolitan regions across the United States.
How to Obtain Detailed Information
Prospective homebuyers interested in learning more about the Homebuyer Access grant program can visit Wells Fargo’s website or call 866-327-6414 for more details. This includes learning how to reach out to a local Wells Fargo Home Lending office in their area.
Additional Wells Fargo Initiatives
Beyond the Homebuyer Access grant, Wells Fargo is committed to addressing housing disparities by making substantial investments, including an additional $100 million to advance racial equity in homeownership. This commitment involves strategic partnerships with non-profit organizations and community-focused engagements, with ongoing investments expected in the coming years.
Wells Fargo has also expanded its Dream. Plan. Home. closing cost credit, offering borrowers with an income at or below 80% of the area median income up to $5,000 for closing costs. This credit is available in 18 metropolitan areas.
The company has announced Growing Diverse Housing Developers, a $40 million grant initiative concentrating on expanding the growth and success of real estate developers of color, including Black and Latino-owned firms.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services institution with approximately $1.9 trillion in assets. Serving one in three U.S. households and over 10% of small businesses, the company holds a prominent position as a leading middle-market banking provider in the U.S.
For additional information, news, insights, and perspectives, visit Wells Fargo Stories. Further details can be found at www.wellsfargo.com, and updates can be followed on Twitter: @WellsFargo.
