Wells Fargo Home Mortgage
Wells Fargo & Company (NYSE: WFC) is a diversified, community-based financial services company with $1.9 trillion in assets. Founded in 1852, Wells Fargo provides banking, insurance, investments, mortgage, and consumer and commercial financial services through more than 8,400 locations, 13,000 ATMs, online, and mobile devices. We’re headquartered in San Francisco, but we’re decentralized so every local Wells Fargo location is a headquarters for satisfying our customers’ financial needs and helping them succeed financially. We do business with 70 million customers and one in three U.S. households. Wells Fargo has approximately 268,000 team members in 42 countries and territories across our more than 90 businesses. Wells Fargo & Company was ranked No. 25 on Fortune’s 2017 rankings of America’s largest corporations. Our vision: “We want to satisfy our customers’ financial needs and help them succeed financially.” Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.© 2018 Wells Fargo Bank, N.A. All rights reserved. Member FDIC. NMLSR ID 399801. Equal Housing Lender.
Thankful for all the reviews warning people of the bad experiences all these folks have had , when buying a home should be a pleasant, exciting experience. I’ll steer clear for sure.
By: Leigh A
I had a VERY painful experience with my weeks with Wells Fargo Mortgage.
They waste your time, I was asked for repetitious documents that went on for months and then no action.
DO NOT APPLY
Working with Wells Fargo was a pleasure throughout this mortgage application through closing. We had a long delay because of the Covid shutdown; we worked with three people on the team who were available and communicated very well. No surprises, good service.
One day before closing, after weeks of doing everything they wanted me to do including paying 500 for an appraisal and pest inspection. They told me the underwriter declined due to me missing payments over a year ago. I am a disabled veteran and missing my right leg. I am going strong working again.
I am renting the property I am trying to by and my lease is up tomorrow the date I was suppose to close. With three kids and a wife it's going to be a struggle finding a new place to live.
IMO if you are a fellow Veteran do not use Wells Fargo for refinancing or home purchases. If you have any questions about my experience reach out to me via email [email protected]… or Facebook Ken Presson
The loan Process was so Smooth! I was very impressed with Wellsfargo!
They walk me through the whole Process with ease
As one of the largest banks in the country, Wells Fargo offers mortgages in all 50 states and the District of Columbia. Wells Fargo has 5,700 retail banking branches in 36 states. It does not have branches in Hawaii, Indiana, Kentucky, Louisiana, Maine, Massachusetts, Michigan, Missouri, New Hampshire, Ohio, Oklahoma, Rhode Island, Vermont or West Virginia.
You can start the process of applying for a Wells Fargo mortgage by speaking to a home mortgage consultant in a branch office, starting an online mortgage application, calling the mortgage customer service line or completing a short form to have a mortgage consultant contact you.
The minimum credit score required for a Wells Fargo mortgage depends on the type of loan you choose, since Wells Fargo offers a variety of loan programs, including conventional loans and mortgages backed by the FHA or the VA. Typically, the minimum credit score for a conventional loan is 620. The minimum credit score for an FHA loan is 500.
If your credit score is on the lower side or you have other issues that make getting approved for a loan a little more challenging, Wells Fargo does offer manual underwriting, allowing its mortgage consultants to make a judgment approval based on your overall financial picture rather than a computer model.
Wells Fargo originates mortgages for:
Wells Fargo offers a wide range of mortgage products. These include:
Potential borrowers have a number of options when it comes to starting the mortgage application process with Wells Fargo. Here’s an overview of the process.
Throughout the process of applying for and closing on a Wells Fargo mortgage, you will have a team to help. Your first and main point of contact will be a local mortgage consultant, but you may also hear from a loan processor, underwriter and closing agent. You can work with your team in person, by phone, email or online through the yourLoanTracker system.
Editorial Note: Parts of this article were reviewed by a lender to ensure accuracy prior to publication. The overall conclusions, recommendations and opinions are the author’s alone.
The information in this article is accurate as of the date of publishing.