hey prescott.
See what you qualify for
Statewide programGrant

Wells Fargo Homebuyer Access Grant

Wells Fargo Homebuyer Access Grant is a grant for homebuyers in Maryland, administered by Wells Fargo Bank, N.A.

Last verified Source: Wells Fargo Bank, N.A.
Check if this fits me Official program site ↗

The program asks for

  • The home is occupied as a primary residence
  • Lender-specific (Wells Fargo fixed-rate conventional). Limited to specific MSAs (Baltimore, DC-MD suburbs confirmed).
  • A home in Maryland

It doesn’t cover

  • Households above 120% 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

120% 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 Maryland

Where it applies

Maryland’s homes

  • 51.2% single-family
  • 21.3% townhouse
  • 3.6% 2–4 units
  • 22.6% 5+ units
  • 1.3% mobile & other

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

$419,900

Maryland median home value

51.2%

built before 1980

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

How to apply

  1. Contact Wells Fargo Bank, N.A. 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.

Questions about this program

What is Wells Fargo Homebuyer Access Grant?

Wells Fargo Homebuyer Access Grant is a grant for homebuyers in Maryland, administered by Wells Fargo Bank, N.A. $10,000 grant toward the down payment on a primary residence for borrowers at or below 120% of county AMI buying in eligible underserved metros. No repayment; full amount must go to down payment on a Wells Fargo fixed-rate conventional loan. MD buyers in Baltimore and DC-MD-suburb metros are eligible. $10,000 down-payment grant, no repayment. Up to 120% AMI. Baltimore and DC-MD metros. Not first-time-buyer only. Funding comes from Wells Fargo Home Lending (SPCP / lender grant).

How much assistance does it provide?

Wells Fargo Homebuyer Access Grant offers up to $10,000 in assistance. Amounts are the program's published maximums, not an offer — Wells Fargo Bank, N.A. 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, no 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 homebuyers who will live in the home as their primary residence. Lender-specific (Wells Fargo fixed-rate conventional). Limited to specific MSAs (Baltimore, DC-MD suburbs confirmed).

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. Total qualifying income of all borrowers <= 120% of county AMI. 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.

Where does it apply?

Wells Fargo Homebuyer Access Grant serves homebuyers purchasing anywhere in Maryland. The program targets specific areas: Select metros; MD-serving markets confirmed: Baltimore-Columbia-Towson MD and Washington-Arlington-Alexandria DC-VA-MD-WV.

How do you apply?

Applications for Wells Fargo Homebuyer Access Grant go through Wells Fargo Bank, N.A., 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 Maryland homebuyers

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

All 81 programs for Maryland

Program terms are set by Wells Fargo Bank, N.A. and can change; confirm on the official site before you apply.