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Wells Fargo 3% Solution
Wells Fargo Home Mortgage
www.wellsfargo.com/mortgage

Program Overview

Wells Fargo 3% Solution is a program for homebuyers to gain assistance to overcome the obstacle of saving for a traditional down payment amount and closing costs. All 50 states and the District of Columbia are eligible.

Who is eligible for this program?

No minimum credit score requirement (FICO). There are no borrower income limits. A 3% down payment is required. The minimum borrower investment is 3%. Two months of cash reserves are required. Funds can be used for home purchases only. Is this program for first time buyers only? Yes

Property Eligibility Requirements

All 50 states and the District of Columbia are eligible. Allowable property types: Single family homes; condos/PUDs; log, earth or dome homes (subject to approval).

Benefit Details

Benefit: Program benefits are increased buying power for homebuyers who need assistance to overcome the obstacle of saving for a traditional down payment amount and closing costs. Loan Term: 15 and 30 fixed-rate years Homebuyer Counseling / Education Required: No Owner Occupancy Required: Yes Other Program Comments: Occupancy requirements are owner-occupied, primary only. Non-occupant co-borrowers are not allowed.

Please note: Every attempt is made to reflect accurate and up to date information on housing programs displayed on this site. Some inaccuracies may exist. For verification contact a certified REALTOR member or a participating Lender.