Wells Fargo's program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday. The credit is available for borrowers with combined incomes of up to 80% of their area's median income who are seeking to purchase a home as a primary residence.
Wells Fargo, which was among the top 25 U.S. mortgage lenders in the first quarter of 2024, estimates that as of April 30, more than 4,500 customers have used the closing cost credit. It is available for conventional, conforming and U.S. Department of Veterans Affairs (VA) loans with either fixed or adjustable rates.
[
Collection
]
[
|
...
]