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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.
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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.

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