The NeighborhoodLIFT® Program Helps Eligible Homebuyers with Down PaymentsReturn to Blog
Categories: Planning Real Estate
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The NeighborhoodLIFT program reduces out-of-pocket costs when buying a home by providing forgivable, interest-free down payment loans with no required payments. Eligible homebuyers use the money from these loans for the down payment and closing costs of a home mortgage.
These forgivable loans work by requiring the home buyer to live in the home as a primary residence for at least five years. The down payment loan does not require repayment – making it forgivable as long as the home buyer does not sell, refinance, or foreclose the home, and the title is not transferred during that time.
Learn more and see if you qualify for Wells Fargo's NeighborhoodLift program by visiting the Wells Fargo website today.