Need help with closing costs?
When you purchase a home, you may be eligible for up to $5,000 to use toward closing costs, such as a home appraisal, processing and recording fees, and other one-time costs paid upfront at your mortgage closing.
Income limits
Dream. Plan. Home.SM closing cost credit is designed for borrowers with income at or below 80 percent of the area median income (AMI).
Eligible property
The closing cost credit is available to eligible borrowers when purchasing their primary residence in one of the following areas:
| State | Available Areas |
|---|---|
| California | Counties: Los Angeles |
| District of Columbia | Counties: District of Columbia |
| Maryland | Counties: Calvert, Charles, Prince George's |
| Minnesota | Counties: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Le Sueur, Mille Lacs, Ramsey, Scott, Sherburne, Washington, Wright |
| Pennsylvania | Counties: Delaware, Philadelphia |
| Texas | Counties: Austin, Brazoria, Chambers, Fort Bend, Galveston, Harris, Liberty, Montgomery, Waller |
| Virginia | Counties: Arlington, Clarke, Culpepper, Fairfax, Fauquier, Loudoun, Madison, Prince William, Rappahannock, Spotsylvania, Stafford, Warren Cities: Alexandria, Fairfax, Falls Church, Fredericksburg, Manassas, Manassas Park |
| West Virginia | Counties: Jefferson |
| Wisconsin | Counties: Pierce, St. Croix |
Determining eligibility
The closing cost credit is not available with all loan types. Eligible areas, available amount and other details of the closing cost credit may change periodically. Your mortgage consultant can explain eligibility requirements, including income verification.
Limited cash?
This closing cost credit may be combined with other Wells Fargo approved down payment assistance programs, and gift funds.
