New Program In Indiana Provides Up To $15,000 Down Payment Assistance

Maria Wright is one happy Indiana first time home buyer. She’s got a lot to smile about, now that she has tapped into a program offered by Wells Fargo that is providing her with $15,000 in down payment assistance to help her purchase her first home.

Fox 59 reports:

Owning a home used to seem like a dream for Maria Wright. She started saving up for a down payment four years ago while she waited for the right time to buy. Wright is receiving a little extra help, she recently qualified for $15,000 in down payment assistance from Wells Fargo.

“It was a dream because at that point I didn’t have the funds to do that, I actually didn’t have the credit to do it and I didn’t even know where to start.”

Wells Fargo is making $4.5 million dollars available for down payment assistance. Homebuyers can apply for $15,000 to put down on a home. Like any program promising free money there are a few catches. In order to qualify, a single person would needs to make no more than $54,050 and a family of four no more than $77,150. The home must be located in Marion County and once someone qualifies for the assistance they must buy a home within 60 days.

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