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Wells Fargo Dream. Plan. Home. Closing Cost Credit

Wells Fargo Bank, N.A. (Wells Fargo Home Mortgage) · Washington, District of Columbia

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Assistance

$5,000

The maximum the program publishes — not an offer

Repayment

Grant

Not repaid

What is Wells Fargo Dream. Plan. Home. Closing Cost Credit?

Wells Fargo Dream. Plan. Home. Closing Cost Credit is a grant for homebuyers in Washington, District of Columbia, administered by Wells Fargo Bank, N.A. (Wells Fargo Home Mortgage).

  • The Wells Fargo Dream. Plan. Home. closing cost credit provides up to $5,000 toward one-time closing costs - such as processing and appraisal fees - for eligible buyers purchasing a primary residence in qualifying areas, which include parts of the Washington, DC MSA. The credit does not require repayment and may be combined with the Homebuyer Access grant and other select programs. Income limits may apply based on property location.
  • Funding comes from Wells Fargo (lender credit).

How much assistance does it provide?

Wells Fargo Dream. Plan. Home. Closing Cost Credit offers up to $5,000 in assistance.

  • The program can be combined with May be combined with the Homebuyer Access grant and other select programs.
  • Amounts are the program's published maximums, not an offer — Wells Fargo Bank, N.A. (Wells Fargo Home Mortgage) determines any individual award.

Do you have to pay it back?

Wells Fargo Dream. Plan. Home. Closing Cost Credit is structured as a grant, so it is not repaid.

  • Repayment is triggered by None - credit does not require repayment.
  • Forgiveness and repayment terms are set by the program and can change — confirm them on the official program page before applying.

Who qualifies?

Wells Fargo Dream. Plan. Home. Closing Cost Credit is open to buyers who will live in the home as their primary residence.

The program requires

  • The home is occupied as a primary residence
  • DRAFT (dpa-gap-finder 2026-06-14): pending review. DRAFT GAP NOTES: Closing cost credit is available in certain areas only and is not available with all loan types - confirm the specific DC property address via Wells Fargo's eligibility lookup. Credit applies to one-time closing costs (e.g., processing, appraisal fees). Income limits may apply based on property location; specific DC dollar limits are determined at application.

These are the program's own published rules, not a decision about any individual — the administering agency and a lender determine who actually qualifies.

What are the income limits?

Wells Fargo Dream. Plan. Home. Closing Cost Credit sets its income limit as follows: Income limits may apply based on the property location. (The related Dream. Plan. Home. mortgage is for incomes at or below 80% AMI, but the closing cost credit's limits are area-dependent and confirmed at application.).

  • The limit applies to total household income, not only the borrower’s.
  • Area median income figures are published by HUD and updated annually, so check the current table for the county before relying on a number.

What kind of home can it be used for?

Wells Fargo Dream. Plan. Home. Closing Cost Credit can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Wells Fargo Dream. Plan. Home. Closing Cost Credit serves buyers purchasing in Washington, District of Columbia.

  • The program targets specific areas: Available in certain qualifying areas only, including parts of the Washington, DC MSA.

How do you apply?

Applications for Wells Fargo Dream. Plan. Home. Closing Cost Credit go through Wells Fargo Bank, N.A. (Wells Fargo Home Mortgage), which publishes the current terms and the application steps on its own site.

  1. Contact Wells Fargo Bank, N.A. (Wells Fargo Home Mortgage) to reserve funds

    Funds are reserved through Wells Fargo eligibility lookup / home mortgage consultant, and are subject to availability.

  2. Work with a lender who handles the program

    Hey Prescott is not a lender and does not accept applications; this page describes the program so a buyer can take it to a lender or housing counselor.

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