Housing Market

Wells Fargo to offer cash prizes to homebuyers in contest

wellsfargoWells Fargo announced on Monday that it will give away three $250,000 cash prizes to contestants who submit entries in response to the question, “What makes a place feel like a home?”

Using words and a photo or a 30-second video, contests must describe the elements that make a house a home. A panel of judges will review the entries and select winners based on the uniqueness and sincerity of the answers, among other criteria. Winners will be announced on the contest website.

In order to be eligible for the contest, entrants must complete a mortgage loan application for the purchase of a home with Wells Fargo between April 1 and Aug. 31. Applications are not required for consumers in Arizona, Colorado, Iowa, Maryland, Minnesota, New Jersey, North Dakota or Tennessee.

“A home loan is one of the largest financial transactions many Americans will ever make,” Franklin Codel, the executive vice president and head of home mortgage production at Wells Fargo, said. “This contest allows Wells Fargo to add something special to the excitement and joy of having a place to call home.”

Additional information about the contest is available through Wells Fargo, local realtors or homebuilders.

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