Wells Fargo Homebuyer Access Grant

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 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.

• 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 buyers 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.

1. 1

   Contact Wells Fargo Bank, N.A. to reserve funds

   Funds are reserved with the provider 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.