Wells Fargo Program Offers Down Payment Aid
March 1, 2016
Wells Fargo's partnership with NeighborWorks America has allocated down payment grants to home owners in 40 communities through its LIFT program, with plans to expand further. So far, the program has helped with down payment assistance to more than 11,000 home owners.
Read more: 70% Unaware of Down-Payment Assistance
The Neighborhood LIFT program also will be introduced in San Diego County from March 4 through 5 and in Philadelphia from April 1 to 2.
Wells Fargo says that it has paid $300 million in LIFT programs, providing down payment assistance grants, program support, and home buyer education. The program was first launched in 2012 to boost sustainable home ownership and further advance neighborhood revitalization.
“The reaction we receive from home buyers receiving a down payment assistance grant is true excitement,” says Kim Smith-Moore, LIFT programs national manager with Wells Fargo Home Mortgage. “Having completed home buyer education, these 11,000 families and individuals are better prepared to be successful and sustainable home owners over time.”
Source: “Wells Fargo LIFT Programs Help More Than 11,000 Home Owners Get Down Payments,” HousingWire (Feb. 29, 2016)
Updated: November 23, 2020