Thursday, October 25, 2012

Wells Fargo and NeighborWorks introduce the NeighborhoodLIFT! $15,000 downpayment assistance for eligible Sacramento home buyers...

The folks at Wells Fargo, Wells Fargo Foundation and NeighborWorks have introduced a new downpayment assistance program! For a limited time eligible home buyers may receive $15,000 for down payment assistance for the purchase of a primary, owner-occupied residence in the City of Sacramento. This amount you receive from the program is fully forgivable after you live in the home for five years. The program is available if you are approved for home financing and your household income is equal to or less than 120% of the area median income. See the NeighborhoodLIFT eligibility requirements here.

The program will launch in Sacramento, California on November 16 and 17, 2012 with an educational event where buyers can be pre-approved for the program. RSVP to come to the NeighborhoodLIFT launch event where you'll be able to:
  • Find out if you are eligible for up to $15,000 of down payment assistance on qualified properties.
  • Sign up for education programs that can prepare you for finding and financing a home and managing the financial responsibilities of homeownership.
  • Make an appointment for one-on-one counseling session to set up an individualized plan to work towards homeownership.
  • Go on a neighborhood home tour featuring homes for sale.
To register for the launch event or to learn more about NeighborhoodLIFT, click here. All attendees MUST bring the required documents to the event. Required documents include things like your last month's paystubs, last two years of tax returns and W-2's, bank statements, etc. To see the checklist of required documents, click here.

Not able to attend the launch event on November 16 & 17? You may still have an opportunity to become eligible for up to $15,000 in down payment assistance if funds are still available after the event. AND although Wells Fargo is the sponsor of the NeighborhoodLIFT program, you may seek financing for the remaining balance of the home purchase from any lender who accepts the NeighborhoodLIFT down payment assistance program.

If you are interested in receiving email notifications of new listings within the City of Sacramento, visit and fill out your home search criteria.

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