Well Fargo Foreclosed Homes
March 9th, 2010
Well Fargo Foreclosed Homes
Question: Wells fargo first time home buyer grant?
I am looking at buying a foreclosed house this summer as my first home. My friend told me about some grant that wells fargo does. He said that they would give me $10,000 for a down payment and that if I kept the house for 5 years that I would not have to pay back the grant. I figured that I would go in and ask them at the bank but wanted to know if anybody knew anything about it here first. If so I would greatly appreciate any info you have.
I live and am planning on buying in Arizona if this matters at all.
Thank you very much.>
Answer: Wells Fargo does not offer any grants for home-buying. They don't offer any grants at all.
They do not offer any down payment assistance. That has been outlawed by the US Congress. You must use your own money as a down payment. It can not be borrowed or gifted by anyone except a family member.
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