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Wells Fargo Dream.Plan.Home. Closing Cost Credit

Wells Fargo Dream.Plan.Home. Closing Cost Credit is a grant for homebuyers in Florida.

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The program asks for

  • First-time homebuyer — the program sets its own definition
  • The home is occupied as a primary residence
  • A minimum 620 credit score
  • A home in Florida

It doesn’t cover

  • Households above 80% of area median income

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

Income limit

80% of the area median income where the home is

HUD sets the area median income each year. The limit changes with household size, so a family of five has a higher limit than a single homebuyer.

Income limits in Florida

Where it applies

Florida’s homes

  • 54.7% single-family
  • 6.7% townhouse
  • 5.9% 2–4 units
  • 24.5% 5+ units
  • 8.2% mobile & other

A tick marks a kind of home the program’s record lists. The agency confirms it for the home you choose.

$359,000

Florida median home value

34%

built before 1980

U.S. Census Bureau, ACS 2024 5-year.

How to apply

  1. Contact the administering agency to reserve funds

    Funds are reserved with the provider 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 homebuyer can take it to a lender or housing counselor.

Free course · 10 minWells Fargo Dream.Plan.Home. Closing Cost Credit, explained

Questions about this program

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

Wells Fargo Dream.Plan.Home. Closing Cost Credit is a grant for homebuyers in Florida. Wells Fargo Dream.Plan.Home. provides up to $5,000 credit toward closing costs for eligible buyers with limited credit history. Income up to 80% AMI. Requires 3% minimum down payment. Must use Wells Fargo as lender. Funding comes from Private Lender.

How much assistance does it provide?

Wells Fargo Dream.Plan.Home. Closing Cost Credit offers up to $5,000 in assistance. Amounts are the program's published maximums, not an offer — the administering agency 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. 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 first-time homebuyers and homebuyers who will live in the home as their primary residence. "First-time homebuyer" usually means not having owned a home in the last three years, but the program sets its own definition. The program lists a minimum credit score of 620.

What are the income limits?

Wells Fargo Dream.Plan.Home. Closing Cost Credit limits household income to 80% of the area median income, which varies by county and household size. Income at or below 80% AMI for the area. Limited credit history required. 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 homebuyers purchasing anywhere in Florida.

How do you apply?

Applications for Wells Fargo Dream.Plan.Home. Closing Cost Credit go through the administering agency, which publishes the current terms and the application steps on its own site. 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.

Also for Florida homebuyers

Whether two programs can be combined is up to each agency. Ask before you apply.

All 88 programs for Florida

Program terms are set by the administering agency and can change; confirm on the official site before you apply.