Wells Fargo – Neighborhood LIFT Program
Believe it or not, there are still spots left to receive charitable money on a home purchase from Wells Fargo!! Wells Fargo launched, NeighborhoodLIFT, a down payment assistance program in collaboration with the City of Charlotte.
Wells Fargo still has a significant number of $15,000 grants given on first come first serve basis. The $15,000 is to be used as additional down payment money. It is a second lien with 0% interest and fully forgiven after 5 years! It is available for the purchase of owner –occupied primary residences. Homes must be located within the Charlotte City limits. As of January 13, they had 104 spots left for reservations for this money.
You can also pair this with the Community Development Program (CDMP) requiring 2% down payment and no PMI. LIFT funds may apply toward down payment and closing costs for this program only.
*Other criteria for CDMP: 640 credit score, verifiable rent history, and max income limit of $51,280.
Interested in buying real estate in the Charlotte, NC area???
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Jackie Young, Realtor®