Wells Fargo Bank is Giving Down Payment Assistance in Maricopa County. Other Down Payment Assistance Programs Available
Program offers up to $7,500 in down payment assistance.
If you’re looking to purchase a home and you live in the Phoenix, Arizona area, Wells Fargo is expanding its NeighborhoodLift program to offer home buyers in Maricopa County up to $7,500 in down payment assistance through a grant.
The program is available to both first time home buyers and non-first time home buyers. Applicants need to apply on January 15 to 16 at Sheraton Phoenix Downtown Hotel where more information is available about the program including specific information on who qualifies.
The NeighborhoodLift program has helped more than 450 people buy homes and has offered $8 million in 2012 as part of the program. A home buying education class is one of the requirements of this down payment assistance program.
Similar programs available across the nation!
If you don’t live in the Phoenix area, other areas across the United States offer similar programs that help to purchase homes with money that can be used for down payment assistance and closing costs.
According to an article on Philly.com, First-time buyers are critical to the housing market because their purchases allow current homeowners to trade up to larger and more expensive homes, or to smaller houses as they age and want to downsize.
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The National Association of Realtors says the number of first-time buyers in the U.S. market declined a full percentage point between July 2014 and June 2015 blaming the decline on the difficulty of obtaining mortgages.
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