Wells Fargo Homebuyer Access Grant

What is Wells Fargo Homebuyer Access Grant?

Wells Fargo Homebuyer Access Grant is a grant for homebuyers in Washington, District of Columbia, administered by Wells Fargo Bank, N.A. (Wells Fargo Home Mortgage).

• The Wells Fargo Homebuyer Access grant provides $10,000 toward the down payment for eligible buyers purchasing a primary residence in designated underserved communities, including the Washington-Arlington-Alexandria, DC-VA-MD-WV metropolitan area. The grant never has to be repaid, but the full $10,000 must be applied to the down payment (it cannot be split). It is available only with a Wells Fargo fixed-rate conventional loan and is subject to income limits based on the property location.
• Funding comes from Wells Fargo (lender grant).

How much assistance does it provide?

Wells Fargo Homebuyer Access Grant offers up to $10,000 in assistance.

• The program can be combined with May be combined with the Dream. Plan. Home. closing cost credit, Corporate Mortgage Benefit Program, Union Plus Mortgage program, non-Wells Fargo down payment assistance programs, builder credits, and the Employee Mortgage Program.
• 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 Homebuyer Access Grant is structured as a grant, so it is not repaid.

• Repayment is triggered by None - grant 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 Homebuyer Access Grant is open to buyers who will live in the home as their primary residence.

What are the income limits?

Wells Fargo Homebuyer Access Grant limits household income to 120% of the area median income, which varies by county and household size.

• Homebuyer Access grants are available to homebuyers who earn a combined 120% or less of the area median income in the county where the subject property is located. Specific DC MSA dollar limits are determined 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 Homebuyer Access Grant can be used for Single Family, Condo, and Townhouse.

Where does it apply?

Wells Fargo Homebuyer Access Grant serves buyers purchasing in Washington, District of Columbia.

• The program targets specific areas: Available only in designated underserved communities within eight metro areas, including the Washington-Arlington-Alexandria, DC-VA-MD-WV MSA.

How do you apply?

Applications for Wells Fargo Homebuyer Access Grant 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. 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; confirmed at underwriting, and are subject to availability.

2. 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.