Dreaming of Homeownership? The $10,000 Homebuyer Access Service Mark Grant Can Make It Happen!
If the dream of homeownership is on your horizon, the Homebuyer Access grant may be just the opportunity you’ve been waiting for. Provided by Wells Fargo, this generous grant offers $10,000 to assist potential homeowners with their down payment, giving them a significant boost on their path to purchasing a new home.
Here’s what you need to know:
No Repayment Necessary
Unlike loans, this grant money is a gift to help you on your homebuying journey. There’s no need to repay a single cent of it! Consider it a jumpstart toward the future you’ve envisioned.
Combine with Other Select Programs
You have the flexibility to utilize this grant in conjunction with other selected programs, amplifying your buying power. Reach out to us to discover the perfect combination that suits your individual needs.
Location and Income Criteria
Certain location requirements and income limits must be met to qualify for this grant. These guidelines ensure that the program reaches those who need it most.
Grant Specifics
The Homebuyer Access grant is specifically designed to help eligible customers purchase their dream home by providing $10,000 toward the down payment. However, this sum must be applied in full, as partial applications are not permissible.
Please note that the grant funds are not applicable for the purchase of Wells Fargo real estate owned (REO) properties, and the confirmation of eligibility will only be completed once underwriting is finalized.
Eligibility Requirements:
- Loan Type: Only Wells Fargo fixed-rate conventional loans are eligible for this grant. Other loan types, including non-conforming loans, government loans, conventional adjustable-rate mortgages, and bond loans, are excluded from this program.
- Income: To qualify, the total income of all borrowers must not exceed 120% of the area median income in the county where the subject property is located. This ensures that the program supports those in specific income brackets.
- Occupancy: This grant is aimed at individuals and families purchasing a primary residence. The borrower must occupy the property they are buying as their primary place of living.
In conclusion, the Homebuyer Access grant offers an incredible opportunity for eligible buyers to make homeownership a reality. With $10,000 in grant money that doesn’t need to be repaid and the ability to combine with other select programs, it’s an exciting path toward a new beginning.
Feel free to reach out to us for more details or to start the application process. Your dream home may be closer than you think!
