The company is rolling out a special-purpose credit program to help address what it describes as "the biggest barriers to achieving homeownership." Such programs are gaining popularity among banks.
Wells Fargo's Homebuyer Access grant program is available to those who have a combined 120% or less of the area median income (AMI). It's available in eight metros across the country.
Wells Fargo offers down-payment grants to boost minority homeownership americanbanker.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from americanbanker.com Daily Mail and Mail on Sunday newspapers.