NeighborhoodLIFT® down payment assistance program

1 neighborhoodlift down payment assistance program Pulling enough money together for a down payment is often a sticking point for aspiring home buyers Homebuyers must meet all program requirements to be eligible for the down payment assistance and its ongoing benefits Help may be at hand For a limited time, if eligible, you may receive $15,000 for down payment assistance for the purchase of a primary, owner-occupied residence in the city of San Antonio. The assistance is fully forgivable after you live in the home as your primary residence for five years. (See additional details in the chart Who may qualify? The program is available if you are approved for home financing and your household income is equal to or less than 120% of the area median income. Whether this is your first home or you are ready to buy again, there are a number of homebuyer education requirements that must be completed prior to the home purchase.)

2 program description * $15,000 for down payment assistance for the purchase of a primary, owner-occupied residence in the city of San * program is administered through NeighborWorks America and its affiliates. program repayment requirements for down payment assistance loan * 0% interest rate. program is forgivable 20% each year for five years. * The prorated balance due is repayable if the property is sold, refinanced, foreclosured, not owner-occupied as the primary residence or transfers title within the first 5 years. * The only repayment trigger exceptions are the refinance of the first mortgage to a lower interest rate or refinance due to death/divorce where one of the original borrowers remains in the property. No cash out is allowed for that refinanced loan. Borrower eligibility * Household income cannot exceed 120% of the Area Median Income (AMI), adjusted for family size. * Not required to be a first-time homebuyer.

3 * Current Homeownership: If you currently own a home, it must be sold prior to closing. The current home cannot be rented/leased. Property eligibility * Single Family Detached, 2-4 units, Condos, and PUDs. * No Manufactured Housing. * Property must be owner-occupied primary residence. * Property must be in the city of San Antonio. Homebuyer education requirements * Homebuyer or landlord education is required and must be conducted by NeighborWorks America and its affiliates or a HUD-approved counseling agency that has adopted the National Industry Standards for Homeownership Education and Counseling prior to closing. First mortgage requirements * To receive the down payment assistance , you must be approved for a first mortgage loan. Register today Go to to register - don't miss this opportunity to reserve $15,000 for down payment assistance ! For properties located in the city of San Antonio, the neighborhoodlift down payment assistance program is available if you are approved for home financing and your household income is equal to or less than 120% of the Area Median Income (AMI), adjusted for household size - as shown in the chart below 2014 Income Limits for the city of San Antonio Household size 115% FHA 120% Conv'l Conforming, VA1 2 3 4 5 6 7 $47,350 $54,100 $60,850 $67,600 $73,050 $78,450 $83,850 $49,400 $56,450 $63,500 $70,550 $76,200 $81,850 $87,500 8 $89,250 $93,15 The 2014 income limits are effective on loan applications taken on or after 1/1/14.

4 The income of all individuals over the age of 18 who will be living at the property will be considered, even if they're not listed as a borrower on the mortgage loan. The income limit is 115% of the AMI for FHA financing, a popular option for many homebuyers using the neighborhoodlift down payment assistance . The neighborhoodlift program is a collaborative program of Wells Fargo Bank, , Wells Fargo Foundation, and NeighborWorks America, an independent nonprofit organization. Although Wells Fargo is the sponsor of the neighborhoodlift program , you may seek financing for the remaining balance of the home purchase from any qualified lender who accepts the neighborhoodlift down payment assistance program . Wells Fargo Home Mortgage is a division of Wells Fargo Bank, 2012 Wells Fargo Bank, All rights reserved. NMLSR ID 399801 106740 2 SANT REV Attend a new and innovative homebuyer event You may get the help you need to make homeownership a real possibility Find information and support at every turn.

5 *Get help with your down payment - Apply for the neighborhoodlift down payment assistance program1 through local nonprofit organizations, available for a limited time to those who purchase a home in the city of San Antonio *Find out if you're ready to buy a home - Meet one-on-one with professionals to understand the home financing options that may be available * Prepare for sustainable homeownership - Learn more about finding and financing a home and managing the financial responsibilities of homeownership at Wells Fargo's video homebuyer education center * Picture yourself at home - Stop by Wells Fargo's Affordable Home Tour viewing center to preview the features and prices of area homes for sale If you have a goal to become a homeowner, you won't want to miss the neighborhoodlift event, sponsored by Wells Fargo in collaboration with local non-profit organizations. At the event, you can find out if you qualify for the down payment assistance program and reserve your funds for 60 days - even if you haven't yet found a property.

6 Date: January 16 - 17, 2015 Time: 10:00 - 7:00 Location: San Antonio Convention Center - Grand Ballroom C 200 E. Market Street San Antonio, TX 78205 Free parking in designated lots, see web site for details. To support sustainable homeownership and advance neighborhood stability, the neighborhoodlift program looks to the future by delivering down payment assistance and financial education to homebuyers. Admission is free! down payment assistance of $15,000 per qualified home loan! Register today: or call 866-858-2151 1. This down payment assistance program is available for households earning 120% or less of the area's median income, adjusted for household size, although specific loan products have lower income limits. neighborhoodlift funds cannot be used to purchase bank-owned properties being managed by Wells Fargo Premier Asset Services. neighborhoodlift program is a collaborative program of Wells Fargo Bank, , Wells Fargo Foundation, and NeighborWorks America, an independent nonprofit organization.

7 Although Wells Fargo is the sponsor of the neighborhoodlift program , you may seek financing for the remaining balance of the home purchase from any qualified lender who accepts the neighborhoodlift down payment assistance program . 2012 Wells Fargo Bank, All rights reserved. NMLSR ID 399801. 106743 SANT