1. The Dream. Plan. Home.℠ mortgage is designed for consumers with income at or below 80 percent of the area median income (AMI) where the property is located.
2. Eligible individuals will be sent redemption instructions for the My Mortgage Gift℠ award approximately two weeks after closing on a new purchase or refinance loan secured by an eligible first mortgage or deed of trust with Wells Fargo Home Mortgage (“New Loan”), subject to qualification, approval, and closing. The My Mortgage Gift award is not available with The Relocation Mortgage Program® or with any Wells Fargo employee mortgage offer. Only one My Mortgage Gift award is permitted per eligible New Loan. This award cannot be combined with any other award, discount, or rebate, except as described in the Terms and Conditions. This award is void where prohibited, transferable, and subject to change or cancellation with no prior notice. Awards may constitute taxable income. Federal, state, and local taxes, and any use of the award not otherwise specified in the Terms and Conditions (also provided at receipt of award) are the sole responsibility of the My Mortgage Gift recipient.
Customers can work with any NeighborhoodLIFT program-approved lender for their home financing needs.
The amount of down payment assistance varies by area.
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.
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.