Alamo Community Group is proud to be part of the NeighborhoodLIFTprogram in collaboration with Wells Fargo and NeighborWorks® America. Discover the possibilities of homeownership and find out if it’s right for you!
Visit Wells Fargo’s LIFT Web Page to REGISTER for the San Antonio NeighborhoodLIFT Launch Event. Please register in advance for this event. Walk-ins are welcome, but only registered customers are assured of meeting with a professional to determine eligibility for a NeighborhoodLIFT reservation of $15,000.
NeighborhoodLIFT Program Information
+ Provides eligible homebuyers with $15,000 in down payment assistance on qualified properties
+ Provides homebuyer education that can prepare you for finding and financing a home and for managing the financial responsibilities of homeownership
+ Assistance is not limited to first-time buyers
+ Annual income of all persons 18 and older living in the home must be at or below 120% of the San Antonio Area Median Income (AMI) guidelines (FHA financing, a popular option for NeighborhoodLIFT financing, is limited to 115% of AMI. Other loan programs may have more restrictive income limits
Properties qualified for the program must be:
1. Located within the city limits of San Antonio. Program Map.
2. The primary, owner-occupied home of the buyer(s)
3. A detached home, townhouse, condominium, 1-4 unit property, Planned Unit Development
At the Launch Event You Can:
+ Meet with a Wells Fargo Home Mortgage Consultant to qualify for a first mortgage if you choose.
+ Bring a pre-approval letter from any lender, although to receive NeighborhoodLIFT funds the lender must be on the approved lender list.
+ Find out if you are eligible for $15,000 of down payment assistance on qualified properties.
+ Sign up for education programs that can prepare you for finding and financing a home and managing the financial responsibilities of homeownership.
+ Take a virtual tour of homes for sale located in San Antonio.
Required Documents for All Attendees:
ALL attendees, those who want to seek pre-approval from Wells Fargo Home Mortgage, those who bring a pre-approval from an approved lender and those who bring a pre-approval from other lenders, must bring the following documents:
+ Gross income amount for ALL members of the family age 18 and older: primary, second and part-time jobs, as well as overtime, bonuses, and commissions
+ 60 days’ pay stubs with year-to-date information for all jobs and for each member of the household age 18 and older
+ Proof of any and all other income received by each household member, such as Social Security Award letter, retirement and/or pension income, unemployment income, death or disability payments, divorce/court decree for alimony and/or child support, etc.
+ Federal tax returns for the past two years (1040’s)
+ W-2s for the past two years
+ Recent two (2) months of personal bank statements; self-employed applicants should also bring recent two (2) months of business bank statements
+ Current Profit and Loss Statement for self-employed individuals
+ Proof of full time student status, for individuals age 18 and older who receive income but also attend school full time (statement from school/institution with dates of attendance or specific reference to upcoming school term, and confirmation of full time status)
If you plan to meet with a Wells Fargo Home Mortgage Consultant to seek pre-approval for a mortgage, you should bring these documents.
NOTE: The documents required for determining NeighborhoodLIFT eligibility and for qualifying for a Wells Fargo pre-approval are NOT the same. Please be sure to review both lists.
Not able to attend the launch event on January 16-17, 2015? Check back here to see if funds are still available after the event. Contact Alamo Community Group for questions about NeighborhoodLIFT at LIFT@AlamoCommunityGroup.org.
If you have additional questions, visit our FAQ page.