Dream. Plan. Home.℠ credit provides up to $5,000 toward closing costs for low-and moderate-income homebuyers; now available in an additional 16 markets
DES MOINES – Wells Fargo today announced the expansion of its Dream. Plan. Home.℠ closing cost credit to an additional 16 metro markets across the country. The closing cost credit provides up to $5,000 to make it easier for low- and moderate-income families to purchase a home. The credit may be applied toward non-recurring closing costs—which can include items such as appraisal fees, processing fees, title-related fees, recording fees and city/county/state tax stamps—that can be a key barrier to homeownership but often are overlooked by potential buyers. As of April 30, 2024, more than 4,500 Wells Fargo customers have used the closing cost credit.
“Homeownership can help bring about financial security, stable communities, and—most of all—a safe, comfortable place to live, learn and grow,” said Kevin Reen, head of Wells Fargo Home Lending. “Families are eager to become homeowners for the first time or to purchase a home that better fits their needs. Expanding the availability of the Dream. Plan. Home. closing cost credit is another key component of Wells Fargo’s efforts to help drive economic growth, sustainable homeownership, and neighborhood stability in low- to moderate-income communities.”
Borrowers with combined income of up to 80% of their Area Median Income where the subject property is located may be eligible to obtain a Dream. Plan. Home. closing cost credit if they are purchasing a home that will be their primary residence. To qualify for the credit, homebuyers also must be getting a conventional/conforming or U.S. Department of Veterans Affairs fixed- or adjustable-rate mortgage from Wells Fargo Home Lending. In addition to previously announced markets, the credit is now available to qualified homebuyers purchasing a home in these additional metropolitan areas:
- Anaheim-Santa Ana-Irvine, CA
- Austin-Round Rock-San Marcos, TX
- Denver-Aurora-Centennial, CO
- Fort Lauderdale-Pompano Beach-Sunrise, FL
- Greensboro-High Point, NC
- Las Vegas-Henderson-North Las Vegas, NV
- Miami-Miami Beach-Kendall, FL
- Phoenix-Mesa-Chandler, AZ
- Portland-Vancouver-Hillsboro, OR-WA
- Raleigh-Cary, NC
- Sacramento-Roseville-Folsom, CA
- San Antonio-New Braunfels, TX
- San Diego-Chula Vista-Carlsbad, CA
- San Francisco-San Mateo-Redwood City, CA
- San Jose-Sunnyvale-Santa Clara, CA
- West Palm Beach-Boca Raton-Delray Beach, FL
Wells Fargo’s longstanding commitment to the people and communities the company serves also is evidenced by other ongoing initiatives, including:
- Investing $100 million to advance racial equity in homeownership, including expanding our strategic partnerships with the National Urban League and UnidosUS to broaden community outreach efforts, providing homebuying readiness and counseling, and working to eliminate systemic obstacles that prevent many Black and Hispanic or Latino customers from achieving their homeownership goals.
- Investing $60 million in Wealth Opportunities Realized Through Homeownership (WORTH) grant funding from 2022 to 2025 through the Wells Fargo Foundation. The grants will open opportunities for 40,000 new homeowners of color through a multi-sector approach focused on reducing racial and ethnic gaps in homeownership and wealth.
About Wells Fargo
Wells Fargo & Company (NYSE: WFC) is a leading financial services company that has approximately $1.9 trillion in assets. We provide a diversified set of banking, investment and mortgage products and services, as well as consumer and commercial finance, through our four reportable operating segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth & Investment Management. Wells Fargo ranked No. 47 on Fortune’s 2023 rankings of America’s largest corporations. In the communities we serve, the company focuses its social impact on building a sustainable, inclusive future for all by supporting housing affordability, small business growth, financial health, and a low-carbon economy. News, insights, and perspectives from Wells Fargo are also available at
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Contact Information
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Alfredo Padilla, 213‑369‑6122
alfredo.padilla@wellsfargo.com