Wells Fargo has announced a new program available for helping all buyers (no first time homebuyer requirement) with their down payment. Unlike most down payment assistance programs that charge interest or have a recapture tax associated with it, Wells Fargo’s Platinum Loan Program Grant is essentially the same as a gift. There is no repayment necessary and no early penalties in case you decide to sell or refinance your home.
The Platinum Loan Program Grant is available on FHA, VA and USDA Rural loans. Minimum credit score is 620. San Diego County Income Limit (tied to borrower not family size) is $89,880. The 3% Grant can be used for down payment, closing costs, prepaid items and earnest money deposit.
For More Information on this program please contact Cheryl White at Wells Fargo Home Mortgage, Click here to find out additional information about using Wells Fargo Home Mortgage to finance your next purchase.
Wells Fargo is one of County Properties business partners:
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