Wells Fargo Homebuyer Access Grant - California

Wells Fargo Homebuyer Access Grant - California is a grant for homebuyers in California. $10,000 down payment assistance grant for eligible borrowers earning 120% or less of AMI in select CA metro areas. Fixed-rate conventional loan only. Grant does not require repayment. Up to $10,000 in assistance. non-repayable grant. Funding comes from Bank (CRA).

Wells Fargo Homebuyer Access Grant - California offers up to $10,000 in assistance. The program asks homebuyers to contribute 3% of purchase price (borrower minimum). The program can be combined with other assistance, subject to the rules of each. Amounts are the program's published maximums, not an offer — the administering agency determines any individual award.

Wells Fargo Homebuyer Access Grant - California is structured as a grant, so it is not repaid. Repayment is triggered by None (grant). The assistance is recorded in N/A (grant - no lien) position. Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Wells Fargo Homebuyer Access Grant - California is open to homebuyers who will live in the home as their primary residence. On credit, the program states: Contact lender for current credit score requirements. Residency requirement: Primary residence in select CA metro areas. Citizenship or immigration status: U.S. citizen, permanent resident alien, or other eligible non-citizen. Must use Wells Fargo mortgage; income ≤80% AMI; non-repayable; can be used for down payment or closing costs; must purchase in eligible area.

Wells Fargo Homebuyer Access Grant - California limits household income to 120% of the area median income, which varies by county and household size. Low to moderate income: household income ≤120% AMI. The limit applies to total household income, not only the borrower’s. The program lists a maximum household size of 8. Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

Wells Fargo Homebuyer Access Grant - California caps the purchase price as follows: Contact program for current purchase price limits. Eligible property types include Single-family (1-2 unit), conventional condominium, townhome, PUD. New construction is eligible. Manufactured homes are not eligible.

Wells Fargo Homebuyer Access Grant - California serves homebuyers purchasing anywhere in California.

Applications for Wells Fargo Homebuyer Access Grant - California go through the administering agency, which publishes the current terms and the application steps on its own site. Funds are reserved through Lender direct application. Hey Prescott is not a lender and does not accept applications; this page describes the program so a homebuyer can take it to a lender or housing counselor.