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Wells Fargo Homebuyer Access Grant

Wells Fargo Homebuyer Access Grant is a grant for homebuyers in Statewide County, New Jersey, administered by Wells Fargo Bank, N.A.

Last verified Source: Wells Fargo Bank, N.A.
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The program asks for

  • The home is occupied as a primary residence
  • Lender-specific (Wells Fargo fixed-rate conventional; FHA/VA/ARM not eligible). Income <= 120% county AMI. Full $10,000 to down payment. May be taxable (1099-MISC).
  • A home in New Jersey

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 New Jersey

Where it applies

New Jersey’s homes

  • 52.6% single-family
  • 10% townhouse
  • 14.7% 2–4 units
  • 21.8% 5+ units
  • 1% mobile & other

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

$454,400

New Jersey median home value

62.8%

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 Statewide County, New Jersey, administered by Wells Fargo Bank, N.A. A $10,000 grant toward the down payment for eligible buyers earning a combined <= 120% of county AMI, on a Wells Fargo fixed-rate conventional loan for a primary residence; no repayment. Available across all eligible NJ communities plus the NY-Newark-Jersey City and Philadelphia-Camden metros. Combinable with the Dream. Plan. Home. closing-cost credit for up to $15,000. $10,000 down-payment grant, no repayment. Eligible NJ communities. Combinable with Dream. Plan. Home. (up to $15,000). 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; FHA/VA/ARM not eligible). Income <= 120% county AMI. Full $10,000 to down payment. May be taxable (1099-MISC).

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, Condo, and Townhouse.

Where does it apply?

Wells Fargo Homebuyer Access Grant serves homebuyers purchasing in Statewide County, New Jersey. The program targets specific areas: Available in all eligible NJ communities (expanded 2024), plus New York-Newark-Jersey City and Philadelphia-Camden metros. Verify at wellsfargo.com/homegrant.

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 New Jersey homebuyers

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

All 81 programs for New Jersey

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