Many homeowners are able to benefit from their homes’ appreciation and refinance to take cash out of their equity. Refinancing can enable homeowners to lower their monthly payments, convert from an adjustable-rate to a fixed rate, or shorten the term of their loan. Jumbo Loans: Suited for buyers seeking to borrow more than the amount permitted for conventional loans (greater than $510,400 in most states).FHA Loans: Popular with first-time, lower-income and/or lower-credit home buyers.Conventional Loans: A good option for buyers with good credit scores and low levels of personal debt.Wells Fargo offers a variety of VA lending programs, including VA construction loans and VA manufactured housing loans Veterans, active service members and spouses, and offering many benefits including no requirement for a down payment. Wells Fargo’s home buying mortgage products include: Wells Fargo’s Home Mortgage Consultants help applicants move through all steps of the lending process - from application to closing - as efficiently as possible. Speak with a VA mortgage specialist today (Jun 17th, 2023) Buying a home with Wells Fargo In addition to expert support, Wells Fargo offers a number of online tools to help borrowers.Ĭustomers have access to several online calculators, including one to compare fixed-rate and adjustable-rate programs, one to estimate interest savings with a refinance loan, and one to determine the potential savings from purchasing discount points. Approved loan applicants can then select from a variety of interest rates, points, and fees to find the loan structure best suited to their needs.Īny additional documentation can be submitted either through an online portal or via overnight mail. Once an applicant’s loan is reviewed and approved, Wells Fargo will offer a variety of programs for the borrower to consider – including fixed-rate and adjustable-rate loans. To assess the value of the home, Wells Fargo will order an appraisal of the property. Once an application is submitted, a Wells Fargo lending expert will review the borrower’s employment and credit history, as well as income, assets, and existing debts. Wells Fargo’s mortgage application is generally easy to complete and can be submitted in person, online or by phone.
0 Comments
Leave a Reply. |