Wells Fargo, Offers Downpayment Assistance to Buyers

Bank Giant Offers Downpayment Assistance to Buyers

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Wells Fargo, in collaboration with several nonprofit organizations, has launched a downpayment-assistance program for home buyers in several housing markets that were hard-hit during the foreclosure crisis. Qualified buyers may be eligible for $15,000 through grants in down payment assistance under the program. Program participants would not have to repay the money either, as long as the buyers stay within the home for at least five years.

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