Become a San Francisco Bay Area homeowner

The Golden Gate Bridge
$25,000

That's how much the NeighborhoodLIFT® program can provide to you in down payment assistance if you meet the requirements and are able to reserve the funds.

See if you may be eligible

Location Eligibility

Properties must be in the counties of:

  • Alameda
  • Contra Costa
  • San Francisco
  • San Mateo
  • Santa Clara
  • Solano

Income Limits

Select the area in which you're looking to buy a home below to see the maximum income limits eligible for this program.* If more than one person will be on the mortgage, the total of your combined incomes must be within the limit.

Borrower Eligibility

You must be approved for a mortgage by a NeighborhoodLIFT program-approved lender before applying for NeighborhoodLIFT down payment assistance. Your new home must be your only home. If you currently own a home, it must be sold prior to closing.

Homebuyer Education Requirement

In order to receive down payment assistance, you must complete homebuyer education   with Community Housing Development Corporation or a HUD-approved homebuyer education provider. A list of providers can be found here.

Property Eligibility

The program is only for owner-occupied primary residences. Most property types are eligible for down payment assistance.

You must be purchasing one of the following types of properties:

  • Single family (attached or detached)
  • 2 to 4 units
  • Condos
  • Townhomes
  • Planned unit developments
  • Co-ops
  • Land trusts
  • Manufactured home that meets your mortgage lender's requirements

Mortgage Loan Eligibility

Eligible mortgage loans must be fixed rate and scheduled to be paid off within 30 years.

Ineligible mortgage loans include:

  • Adjustable-rate mortgages
  • Interest-only loans
  • Loans with a balloon payment
  • Negative amortization
  • Terms exceeding 30 years (except USDA 502-direct)

Key steps to qualify

Transcript

Steps to buying a home with NeighborhoodLIFT

Take homebuyer education
Step 1

Take homebuyer education

To qualify for NeighborhoodLIFT down payment assistance, complete a homebuyer education program from a HUD-approved provider.

Get preapproved for a mortgage
Step 2

Get preapproved for a mortgage

There are several ways to get preapproved:

Find NeighborhoodLIFT program-approved lenders at Community Housing Development Corporation or

Have a Wells Fargo Home Mortgage consultant contact you or

Apply online now for a Wells Fargo mortgage

Request down payment assistance
Step 3

Request down payment assistance

Once you've completed the education and preapproval process, you can request approval for NeighborhoodLIFT down payment assistance.

Complete the process
Step 4

Complete the process

After you've received your down payment assistance reservation letter, it's time to find your home.

  • You have 90 days to sign a purchase agreement on a home
  • Once you find a home, finalize your mortgage approval with the help of your lending representative

  • Work with your lender to complete the mortgage process and coordinate with Community Housing Development Corporation

Get started with NeighborhoodLIFT

Starting on Feb. 1, 2021, apply for $25,000 in down payment assistance from Community Housing Development Corporation.

Apply

Still have questions?

Give us a call 1-866-858-21511-866-858-2151 Monday – Friday 8:00 a.m. to 5:00 p.m. Central Time

Have a Wells Fargo Home Mortgage consultant contact you

Interested in a Wells Fargo mortgage? Apply online now

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* These income limits are effective as of August 5, 2020 and are set by the Federal Financial Institutions Examination Council (FFIEC). They are subject to change each year or at any time that the FFIEC deems appropriate.

The amount of down payment assistance varies by market.

Combined income for all borrowers on the loan cannot exceed the program income limits.

Down payment assistance cannot be used to purchase bank-owned properties managed by Wells Fargo Premiere Asset Services.

Customers must complete an approved homebuyer education program prior to requesting down payment assistance funds.

The NeighborhoodLIFT® program is a collaboration between Wells Fargo Bank, N.A., Wells Fargo Foundation, and NeighborWorks® America, an independent nonprofit organization.

The first mortgage can be financed by any NeighborhoodLIFT program-approved lender.

Employees of Wells Fargo and NeighborWorks America are not eligible to participate in the LIFT programs. This limitation also applies to an employee's immediate family, including spouses and dependent children, where the employee would have beneficial ownership of the property purchased using the assistance.