Dream. Plan. Home.SM Closing Cost Credit

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) where the property is located.

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: Alameda, Contra Costa, Los Angeles, Riverside, San Bernardino
Delaware Counties: New Castle
District of Columbia Counties: District of Columbia
Florida Counties: Hernando, Hillsborough, Lake, Orange, Osceola, Pasco, Pinellas, Seminole
Georgia Counties: Barrow, Bartow, Butts, Carroll, Cherokee, Clayton, Cobb, Coweta, Dawson, DeKalb, Douglas, Fayette, Forsyth, Fulton, Gwinnett, Haralson, Heard, Henry, Jasper, Lamar, Meriwether, Morgan, Newton, Paulding, Pickens, Pike, Rockdale, Spalding, Walton

Illinois Counties: Cook, DuPage, Grundy, McHenry, Will, DeKalb, Kane, Kendall, Lake 

Counties: Anne Arundel, Baltimore, Calvert, Carroll, Cecil, Charles, Harford, Howard, Prince George’s, Queen Anne’s

Cities: Baltimore

Minnesota Counties: Anoka, Carver, Chisago, Dakota, Hennepin, Isanti, Le Sueur, Mille Lacs, Ramsey, Scott, Sherburne, Washington, Wright
New Jersey
Counties: Atlantic, Bergen, Burlington, Camden, Cape May, Cumberland, Essex, Gloucester, Hudson, Hunterdon, Mercer, Middlesex, Monmouth, Morris, Ocean, Passaic, Salem, Somerset, Sussex, Union, Warren
New York
Counties: Bronx, Kings, New York, Nassau, Putnam, Queens, Richmond, Rockland, Suffolk, Westchester
North Carolina
Counties: Anson, Cabarrus, Camden, Currituck, Gaston, Gates, Iredell, Lincoln, Mecklenburg, Rowan, Union
Pennsylvania Counties: Bucks, Chester, Delaware, Montgomery, Philadelphia, Pike
South Carolina
Counties: Chester, Lancaster, York
Texas Counties: Austin, Brazoria, Chambers, Collin, Dallas, Denton, Ellis, Fort Bend, Galveston, Harris, Hunt, Johnson, Kaufman, Liberty, Montgomery, Parker, Rockwall, Tarrant, Waller, Wise

Counties: Amelia, Arlington, Charles City, Chesterfield, Clarke, Culpepper, Dinwiddie, Fairfax, Fauquier, Gloucester, Goochland, Hanover, Henrico, Isle of Wight, James City, King and Queen, King William, Loudoun, Madison, Mathews, New Kent, Powhatan, Prince George, Prince William, Rappahannock, Southhampton, Spotsylvania, Stafford, Sussex, Warren, York

Cities: Alexandria, Chesapeake, Colonial Heights, Fairfax, Falls Church, Franklin, Fredericksburg, Hampton, Hopewell, Manassas, Manassas Park, Newport News, Norfolk, Petersburg, Poquoson, Portsmouth, Richmond, Suffolk, Virginia Beach, Williamsburg

Washington Counties: King, Pierce, Snohomish
West Virginia Counties: Jefferson
Wisconsin Counties: Kenosha, 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. 

Talk to a mortgage consultant to learn more.

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Area median income

Area median income (AMI) is the middle income in the range of incomes across a specific population, half the population with income above AMI and the other half having income below that amount.