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Moderate income homebuyers in historically disadvantaged areas such as Philadelphia, Baltimore or Camden, may get $15,000 or more in down payment and closing cost help from several banks serving the
Wells Fargo has launched a new homeownership down payment program designed to help buyers purchase homes in majority Black census tracts.
The program will provide $10,000 Homebuyer Access grants to select communities in 8 cities, including Philadelphia.
Wells Fargo's Homebuyer Access grant program is available to those who have a combined 120% or less of the area median income (AMI). It's available in eight metros across the country.
Up to $12,500 in Down Payment Assistance and $5,000 Lender Credit Available to Eligible Homebuyers