Wells Fargo has launched a new program designed to help potential buyers qualify a home mortgage in Los Angeles. The program appears to include Atlanta as a part of the launch.
The new program Neighborhood Lift sets aside ten billion dollars over the next five years to help potential home owners purchase a home.
Wells Fargo is working with nonprofit organzation to help in rebuilding communities. To learn more click: CBSlocal.com
In addition to the ten billion dollars earmarked to help potential buyers, $15 million will be set aside to help with purchasing cost (e.g., down payments).
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There will be a two day Neighborhood LIFT Launch event at the Los Angeles Convention Center on Februray 3rd and 4th.