Wells Fargo offers down payment help to Twin Cities homebuyers - Bring Me The News

Wells Fargo offers down payment help to Twin Cities homebuyers

Wells Fargo & Co. has pledged $9 million in down payment assistance to homebuyers in Minneapolis and St. Paul. The program offers qualified borrowers a $15,000 down payment that will be forgiven if the borrower lives in the home for at least five years.
Author:
Publish date:

Wells Fargo & Co. has pledged $9 million in down payment assistance to homebuyers in Minneapolis and St. Paul. The program, called Neighborhood LIFT offers qualified borrowers a $15,000 down payment that will be forgiven if the borrower lives in the home for at least five years, the Star Tribune reports.

Wells Fargo regional president Dave Kvamme tells KARE 11 News that prospective buyers don't have to use Wells Fargo as their mortgage lender, but must apply for the grant at a two-day event at the Minneapolis Convention Center Sept. 7th and 8th from 10 a.m. to 7 p.m.

Next Up

Related

Wells Fargo Advisors moving Minneapolis jobs to St. Louis

The brokerage arm of San Francisco-based Wells Fargo & Co. is moving an unknown number of jobs from Minneapolis to St. Louis. The Business Journal reports Wells Fargo Advisors is making room for an additional 400 workers at its Missouri headquarters. A company spokeswoman wouldn't disclose how many jobs are being cut in Minnesota.

Wells Fargo drops debit card charge idea

Wells Fargo announced it is canceling a proposed monthly fee of $3 for debit card users. The bank, which controls 36% of Twin Cities banking transactions, made the decision after receiving negative customer feedback.