Wells Fargo expands aid for middle-income homebuyers in Dallas

Wells Fargo & Co. has expanded a grant program that can help middle-income households afford a down payment.

The bank said it made its Homebuyer Access Grants of $10,000 available to more Dallas communities for homebuyers who earn a combined 120% or less of the area median income in the county where the desired property is located.

The $10,000 grant funds are to be used solely for a down payment on a Wells Fargo fixed-rate conventional loan secured by a property that will be the purchaser’s primary residence, according to the announcement.

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Source: Dallas Business Journal

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