General World News

Wells Fargo extends $5,000 closing cost credit

Wells Fargo’s program that provides up to $5,000 in closing costs for low- and moderate-income families to purchase a home has been extended to an additional 16 metro areas, the bank announced on Monday.

The credit is available for borrowers with combined incomes of up to 80% of their area’s median income who are seeking to purchase a home as a primary residence. It can be used to pay nonrecurring closing costs, such as appraisal, processing, title and recording fees.

In addition to many previously announced markets, the program is now available in the California metro areas details ⇒

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