Wells Fargo is expanding its Homebuyer Access grant program to 12 new metro areas, enhancing opportunities for low-to-moderate income homebuyers. This move builds on the initial launch in 8 markets, with a clear focus on underserved borrower demographics.
The Homebuyer Access program caters to those with incomes at or below 120% of the area median income, enabling them to secure down payments: a crucial step toward achieving home ownership.
Eligible borrowers can pair the down payment grant with other assistance programs, allowing for potential total support of $15,000 for closing costs and down payments, a significant boost for homebuyers.
Initiated in April 2022, Wells Fargo's Homebuyer Access grant forms part of its $210 million commitment to support minority families and promote racial equity in homeownership.
Collection
[
|
...
]