November 13, 2012 (Chris Moore)
The Sacramento area has been chosen by Wells Fargo & Company to become the eleventh market in the nation to join the bank’s NeighborhoodLift pilot program designed to help communities attract qualified, prospective homebuyers to neighborhoods struggling with high inventories of unsold homes.
Sacramento joins Los Angeles, Atlanta, Phoenix, Las Vegas, Houston, Miami, Tampa, Orlando, Jacksonville and Minneapolis/St. Paul as a participant in the program based on the city’s high concentrations of homeowners, foreclosures, delinquencies, and overall housing inventory.
Wells Fargo’s five year goal in Sacramento is to generate a total of $1 billion in mortgage purchase loans which includes a $7 million investment the bank is making this year for down payment assistance grants and homebuyer support programs that help consumers achieve successful, sustainable home ownership.
Prospective home buyers can apply for down payment assistance grants of up to $15,000 per homebuyer through the Wells Fargo foundation.
A two day NeignborhoodLift event is being held on November 16th and 17th at the Sacramento Convention Center from 10:00 a.m. to 7:00 p.m. on both days. Similar two day events were held in Los Angeles, Atlanta, Phoenix, Las Vegas, Houston, Miami, Tampa, Orlando and Jacksonville have helped create 478 new homeowners with another 321 in the process of closing on a home.
At the event, prospective home buyers can apply for the down payment assistance and participate in homebuyer education sessions and tours of residential properties for sale in the Sacramento market.
The address for the event is:
Sacramento Convention Center
1400 J Street
Sacramento, CA 95814
Walk-ins are welcome, but registration is strongly recommended in order to guarantee the ability to meet one-on-one with a professional. You can register online here.
For a list of what documents to bring that will help you when you meet an on-site professional, click here.
For any questions that you may have about the event, please call 1-866-858-2151, M-F, 8 am to 5 pm CT.
Tags: Wells Fargo, NeighborhoodLift, Minneapolis/St. Paul, mortgage purchase loans, homebuyers, down payment assistance, sustainable home ownership