The company will give $10 thousand for a down payment if you buy a home in these cities

Wells Fargo Home Lending is offering $10 down payment grants to buyers who live or are purchasing a home in the eight metropolitan areas. Writes about this GOBankingRates.

Photo: IStock

This offering through the company's Targeted Lending Program (SPCP) is another key component of Wells Fargo's efforts to promote economic growth, sustainable homeownership and neighborhood stability in minority communities.

When asked how Wells Fargo chose these areas, a spokesperson said they were chosen because they have significant opportunities to increase homeownership among minority families based on historical purchasing data and because In these areas, Wells Fargo has strategies that can contribute to the program's success.

On the subject: Rent a house cheaply and without collateral: in the USA there is a service for renting apartments and houses on very favorable terms

“For example, in select markets, Wells Fargo has local mortgage advisors and our Dream.Plan.Home program. available in these regions,” a company spokesperson said.

Minneapolis-Saint Paul metro area

• Average housing prices: The median home price in the Minneapolis-Saint Paul-Bloomington area is $373, down 640% from last year.
• Taxes: the minimum combined sales tax rate for 2023 for Bloomington is 7,53%, St. Paul is 7,88%, and Minneapolis is 8,03%.

Philadelphia metro area

• Average housing prices: The median home price in the Philadelphia-Camden-Wilmington area is $346, up 473% from last year and selling in about eight days, according to Zillow.
• Tax rate: The sales tax rate in the Philadelphia-Camden-Wilmington area is 6,1%.

Dallas-Fort Worth metro area

• Average housing prices: The median home price in Dallas-Fort Worth-Arlington is $373, down 556% from last year.
• Tax rate: The sales tax rate in all three cities is 8,25%.

Washington (DC) metro area

• Average housing prices: According to Zillow, the median home price in Washington-Arlington-Alexandria is $541, down 810% from last year.
• Tax rate: the tax rate for all three cities is 5,9%.

Baltimore metro area

• Average housing prices: The median home value in Baltimore-Columbia-Towson is $372, up 577% from last year.
• Tax rate: The sales tax rate in the Baltimore-Columbia-Towson area is 6%.

Atlanta metro area

• Average housing prices: According to Redfin, in July 2023, home prices in Sandy Springs were up 4,5% from last year, with a median price of $605. The median home price in Alpharetta was $000, up 656%. than last year. The median home price in Atlanta is $261, down 2,6% from last year.
• Tax rate: Sandy Springs and Alpharetta's sales tax rate is 7,75%, while Atlanta's is higher at 8,9%.

You may be interested in: top New York news, stories of our immigrants and helpful tips about life in the Big Apple - read it all on ForumDaily New York

Charlotte metro area

• Average housing prices: The median home price in the Charlotte-Concord-Gastonia area is $369, down 442% over the past year.
• Tax rate: The sales tax rate in the Charlotte-Concord-Gastonia area is 7,1%.

New York - Newark - Jersey City metro area

• Average housing prices: The median home price in the New York-Newark-Jersey City area is $618, up 653% over the past year.
• Tax rate: Jersey City and Newark's sales tax rate is 6,63%, while New York's is much higher at 8,87%.

Read also on ForumDaily:

Famous futurist Fukuyama predicted the possible collapse of Russia and the re-election of Trump

What to do if you need to go to Russia: useful instructions so that everything goes smoothly

UNESCO has added 13 new sites to the World Heritage List

The US government will increase your savings in your retirement account by 50%: what you need to know

In the USA you can buy a house for $1: how profitable is it really?

Many popular words appeared in English due to a mistake in the dictionary: how is this possible

Do you want more important and interesting news about life in the USA and immigration to America? — support us donate! Also subscribe to our page Facebook. Select the “Priority in display” option and read us first. Also, don't forget to subscribe to our РєР ° РЅР ° Р »РІ Telegram  and Instagram- there is a lot of interesting things there. And join thousands of readers ForumDaily New York — there you will find a lot of interesting and positive information about life in the metropolis.