SEATTLE Wells Fargo Home Mortgage announced Tuesday that it is actively trying to increase the homeownership rate among Native Americans in Washington State.
The Des Moines unit of Wells Fargo & Co. said its efforts include grants, building supplies, private-public partnerships, and having mortgage consultants work directly with Native Americans in the state.
Affordability remains a constant challenge for low- to moderate-income Native Americans who want to buy a home, said Jesus Cruz, Wells Fargo Home Mortgages emerging-markets manager for Washington.
Our research shows that the homeownership rate among Native Americans is among the lowest of all ethnic groups. Thats why this has become a focus for us.