Wells Fargo Housing Foundation's Charitable Giving
Wednesday, February 13, 2013
Wells Fargo Housing Foundation is committed to giving back to the communities where our customers, staff and business associates live and work. Thousands of Americans are realizing their dreams of homeownership through Wells Fargo team members' volunteer efforts and the financial support of the Wells Fargo Housing Foundation. Pictured are Maureen Nelson, Project Director of GROW SD and Amy Currence, Wells Fargo Bank in Sisseton.
Wells Fargo Housing Foundation's Charitable Committee on behalf of Wells Fargo Home Mortgage has approved a $2,500 grant to the Northeast South Dakota Community Action Program doing business as GROW South Dakota for the purpose of creating sustainable homeownership opportunities for low- to moderate-income people through homebuyer education. “GROW South Dakota realizes education is the key to starting and maintaining successful homeownership. If new homebuyers are well informed and knowledgeable about the responsibilities of homeownership before they purchase their home, the likelihood of successful home ownership is much greater.” stated Lori Moen, Chief Operating Officer of GROW South Dakota. GROW SD's goal in homeownership education is to offer a continuum of strategies to ensure successful sustainable homeownership for people of modest means.
Homeownership Counseling Programs at GROW SD are offered at no cost to clients and include classroom and one-on-one education options. Various types of education topics are covered through homeownership counseling to meet individual needs such as, obtaining rehabilitation loans, reviewing credit reports/scores, payment analysis, repairing credit, completing loan applications, loan closing processes, budgeting, predatory lenders, and post-purchase education. Following counseling, if the client is prepared to make the loan commitment, GROW SD advises them on the steps needed to obtain construction estimates, down payment/closing costs to be anticipated, best mortgage options, and post-closing procedures.
As one of the nation's leading mortgage lenders, Wells Fargo knows a great deal about making homeownership dreams come true. Their vision is to be one of America's great companies by helping low- to moderate-income people become homeowners. In order to carry out this vision, Wells Fargo provides sustainable homeownership opportunities by providing volunteer and financial resources to local and national nonprofit housing organizations, like GROW South Dakota, who have demonstrated the ability to create homeownership opportunities for low- to moderate-income families. Wells Fargo also supports nonprofit housing organizations that help low- to moderate-income homeowners make necessary repairs and upgrades.
Also available from Wells Fargo is a free, web-based financial education program, Hands on Banking. This program offers financial information, tools, and skills in an easy-to-understand, entertaining format that includes self-paced lessons on topics including budgeting, bank services, responsible use of credit, buying a home, investing, starting and managing a small business, and much more. We invite you to visit www.handsonbanking.org and consider incorporating Hands on Banking into your personal development.
If you would like more information about GROW South Dakota’s homeownership opportunities, education opportunities, or other programs, please call 605-698-7654 or email us here.
GROW South Dakota is an Equal Opportunity Organization.