Jumbo Mortgage Loans – Jumbo Loan Refinance – Wells Fargo #hamp #mortgage


#jumbo mortgages

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Jumbo Financing Options

If you have a higher property value and can manage larger monthly mortgage payments, consider a jumbo, or non-conforming. loan. A jumbo loan provides financing for loan amounts higher than the maximum conforming limits set by Fannie Mae and Freddie Mac. A conforming first mortgage plus a home equity line of credit may provide greater payment flexibility. Both are available for purchase and refinance loans (including cash-out refinances ).

Jumbo loan

Mortgage + home equity financing

  • A “non-conforming ” loan with mortgage amounts above the maximum conforming loan limits.
  • Available in a variety of fixed-rate and adjustable-rate loan options.
  • You may be able to add extra mortgage features, such as a temporary buydown .
  • This loan pairs a “conforming ” first mortgage with a home equity line of credit.
  • The first mortgage is available in a variety of fixed-rate and adjustable-rate loan options — the home equity line of credit has a variable interest rate .
  • You may be able to add extra mortgage features, such as a temporary buydown.
  • Obtain financing for loan amounts higher than the Fannie Mae and Freddie Mac conforming limits.
  • Get the convenience of one loan for the entire loan amount.
  • Choose from a variety of loan options.
  • Access additional potential benefits through our Private Mortgage Banking (PMB) group.
  • Have ongoing access to your available equity without reapplying.
  • Choose to advance funds at the line of credit variable rate or advance funds and lock in your rate with a fixed-rate advance.
  • You build equity at a slower pace because payments during the first several years go largely toward interest rather than the principal balance.
  • You will have to make two separate monthly payments.
  • With the variable interest rate on your line of credit balance, your monthly payments may increase or decrease as interest rates fluctuate.

Mortgage financing
1-877-937-9357
Mon – Fri: 7 am – 9 pm
Sat: 8 am – 6 pm
Sun: 10 am – 6 pm
Central Time

Mortgage customer service
1-800-357-6675
Mon – Fri: 6 am – 10 pm
Sat: 8 am – 2 pm
Central Time

Home equity financing
1-888-667-1772
Mon – Fri: 24 hours a day
Sat: 2 am – Sun: 1 am
Sun: 2 am – Midnight
Central Time

Home equity loan and line customer service
1-866-820-9199
Mon – Fri: 7 am – 7 pm
Sat – Sun: 8 am – 4:30 pm
Central Time

Equal Housing Lender

  • Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
  • Non-conforming mortgage loans
    Loans that do not satisfy the underwriting guidelines and loan amount limits set by Fannie Mae and Freddie Mac.

    Fannie Mae and Freddie Mac
    Congressionally chartered, shareholder-owned corporations that were created to help support a reliable and affordable supply of mortgage funds. They buy mortgages from lenders for their portfolios or to sell as packaged securities.

    Conventional conforming mortgage
    A mortgage that is not obtained under a government program (FHA or VA) and satisfies the underwriting guidelines and loan limits set by Fannie Mae or Freddie Mac.

    Variable interest rate
    An interest rate that may fluctuate or change periodically, often in relation to an index, such as the prime rate or other criteria. Payments may increase or decrease accordingly.

    © 1999 – 2016 Wells Fargo. All rights reserved. NMLSR ID 399801


    Wells Fargo – Personal & Business Banking – Student, Auto & Home Loans – Investing


    #apply for mortgage

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    Wells Fargo Personal

    We provide links to external websites for convenience. Wells Fargo does not endorse and is not responsible for their content, links, privacy or securities policies.

    Important notice regarding use of cookies: By continuing to use this site, you agree to our use of cookies as described in our Digital Privacy and Cookies Policy.

    Brokerage products and services are offered through Wells Fargo Advisors. Wells Fargo Advisors is the trade name used by two separate registered broker-dealers: Wells Fargo Advisors, LLC and Wells Fargo Advisors Financial Network, LLC, Members SIPC. non-bank affiliates of Wells Fargo Company and is intended only for United States residents. WellsTrade ® is offered through Wells Fargo Advisors, LLC.

    Wells Fargo Insurance, Inc. (Minneapolis, MN) is a licensed agency that represents — and is compensated by — the insurer based on the amount of insurance sold.

    Investment and Insurance products:

    • Are Not insured by the FDIC or any other federal government agency
    • Are Not deposits of or guaranteed by a Bank
    • May Lose Value

    Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

    Equal Housing Lender

    © 1999 – 2016 Wells Fargo. All rights reserved. NMLSR ID 399801


    Mortgage – FHA Loan and VA Loan – Wells Fargo #mortgage #online


    #fha mortgage rate

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    FHA and VA Home Loan Programs

    • Available in a variety of fixed-rate and adjustable-rate loan options.
    • Has down payment options as low as 3.5%.
    • May allow you to use a gift or grant for all or a portion of the down payment or closing costs.
    • Lets you add extra features such as a temporary buydown .
    • You typically have to pay upfront and monthly FHA mortgage insurance premiums.
    • Provides financing for qualified veterans, reservists, active duty personnel, or eligible family members.
    • Available in a variety of fixed-rate and adjustable-rate loan options.
    • Allows closing costs to come from a gift or grant.
    • Has low-and-no-down payment options
    • Lets you add extra features such as a temporary buydown .
    • Requires less cash upfront for your down payment and closing costs.
    • Available for all income levels.
    • Allows a new buyer to take over the loan if you sell your home (subject to loan approval).
    • Allows a co-applicant to help you qualify even if the person doesn’t live in the home.
    • Provides a wide range of rate, term, and cost options.
    • Doesn’t require monthly mortgage insurance .
    • Provides the potential for minimal out-of-pocket expenses with seller contributions.
    • An FHA loan has the benefit of a low down payment but there are other loan products with the same option.
    • Be certain to ask your home mortgage consultant to help you compare the overall costs of all products, including the monthly and long-term costs and conditions of the required mortgage insurance.
    • You can typically only have one FHA mortgage at a time.
    • In many instances, you may find an FHA loan to be a more expensive financing option and should be considered after thoroughly evaluating all other product options that meet your credit qualifying and financial needs.
    • With a VA loan, you typically have to pay a one-time VA funding fee that can be financed into the loan amount.
    • You can get financing for your primary residence only.

    Mon – Fri: 7 am – 9 pm
    Sat: 8 am – 6 pm
    Sun: 10 am – 6 pm
    Central Time

    Mortgage customer service

    1-800-357-6675
    Mon – Fri: 6 am – 10 pm
    Sat: 8 am – 2 pm
    Central Time

    Home equity financing

    Mon – Fri: 24 hours a day
    Sat: 2 am – Sun: 1 am
    Sun: 2 am – Midnight
    Central Time

    Home equity loan and line customer service

    1-866-820-9199
    Mon – Fri: 7 am – 7 pm
    Sat – Sun: 8 am – 4:30 pm
    Central Time

    Equal Housing Lender

  • Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.
  • FHA mortgage insurance
    Insurance provided by the FHA that protects approved lenders against loss if a borrower defaults on an FHA loan. The cost is typically paid by the borrower as upfront and monthly premiums. Amount and terms of insurance paid vary.

    Mortgage insurance
    Insurance that protects the lender against loss if a borrower defaults on a loan. Mortgage insurance is usually required if the down payment is less than 20% of the purchase price.

    VA funding fee
    You are typically required to pay a one-time funding fee on VA loans. This fee ranges from 0.5 to 3.30 percent, depending on your service type, prior use of VA eligibility, and type of loan transaction.

    © 1999 – 2016 Wells Fargo. All rights reserved. NMLSR ID 399801


    Union Plus Mortgage – Wells Fargo Home Mortgages for Union Members #home #loan #rate


    #wells mortgage rates

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    Mortgages for Union Families

    Buying a home

    The Union Plus® Mortgage program, with financing available through Wells Fargo Home Mortgage, can help you purchase a home while also receiving special benefits by virtue of your union membership.

    For qualifying members, special benefits include a $500 My Mortgage Gift SM award 1 from Wells Fargo Home Mortgage and, from Union Plus, special hardship assistance and the opportunity to earn a $500 First-Time Home Award .

    The $500 First-Time Home Award will be discontinued on 10/31/16. In order to be eligible, you must have closed on your purchase loan by 12/31/16. Additionally, you will need to apply for the award within 90 days of your closing date.

    $1,000 Mortgage Veterans Grant program for union members who’ve served in the U.S. armed forces.

    How the “Welcome to Your First-Home Award” works:

    If you’re an active or retired union member and used Union Plus Mortgage to purchase your first home, we’d like to hear from you. Share your story by completing an application and providing us a short, written description of your experience with the Union Plus Mortgage process and what owning your first home means to you. As a token of appreciation for your story, we’ll send you a check for $500* .

    If you’re unable to download the application and need one mailed to you, please call 1-800-472-2005, ext. 836, to request an application by mail.

    *Normal processing time for award checks is 60-90 days after we receive a complete application package.

    How the “Union Plus Mortgage Veterans Grant” works:

    If you’re a veteran of the United States Armed Forces and an active or retired union member, who obtained a Union Plus Mortgage through Wells Fargo to finance your primary residence after October 31, 2014, you’re eligible to apply for this special $1,000 grant*. Funding is limited so apply today.

    If you’re unable to download the application and need one mailed to you, please call 1-800-472-2005, ext. 836, to request an application by mail.

    *Normal processing time for award checks is 60-90 days after we receive a complete application package.

    Refinancing a home

    Looking to refinance? The Union Plus Mortgage program, with financing from Wells Fargo Home Mortgage, might be able to help you lower your monthly mortgage payments and/or shorten your loan term.

    The program provides a broad range of financing options to help meet the needs of most borrowers — and when you refinance, you’ll receive a $500 My Mortgage Gift SM award from Wells Fargo Home Mortgage after closing. 1 You’ll also be eligible for special hardship assistance from Union Plus .

    Call Union Plus at (866) 802-7307.

    Who is eligible?

    • All dues-paying labor union members
    • Union member retirees
    • Spouse and domestic partners of union members
    • Parents and children of union members
    • Alliance for Retired Americans members who are retired union members are eligible

    Mortgage loans are available in the United States only and currently not available in Canada, Guam, Puerto Rico or Virgin Islands.

    • ONLY current/retired union members are eligible for the Welcome to Your First Home Award
    • ONLY current/retired union members, their spouses, parents and children are eligible for the Union Plus mortgage assistance program

    Peace of mind with unique union assistance

    When you buy or refinance a home through the Union Plus Mortgage program and experience income loss, turn to Union Plus mortgage assistance. The program provides interest-free loans and grants to help you make mortgage payments when you’re disabled, unemployed, locked out, or on strike.

    Over the life of the Union Plus mortgage assistance program, we’ve provided more than $11 million in assistance to union members. Check details and eligibility for loan/grant assistance here. Note: The first $1,000 is a grant that does not need to be repaid.

    For questions about the Union Plus mortgage assistance program, call 1-800-472-2005.

    Other resources for ALL union members:

    • Federal government’s Home Affordable Refinance Program (HARP)
    • Worried about falling behind on your mortgage payments? The Union Plus Save My Home Hotline may be able to help. Don’t wait until you’re facing foreclosure – call 1-866-490-5361, any time day or night
    • For free budgeting and credit counseling advice, click here or call Money Management International (MMI), the Union Plus Credit Counseling provider at 1-877-833-1745
    • Access free bankruptcy counseling services from Union Plus Credit Counseling
    • And find more debt-reducing resources and tools at UnionPlus.org/CreditClinic

    Union leaders: resources for your members

    For questions about your Union Plus mortgage, contact:

    Wells Fargo customer service
    1-800-222-0238
    Mon-Fri: 6am-10pm; Sat: 8am-2pm CT

    Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A. NMLSR ID 399801.

    1. Eligible individuals can receive the Wells Fargo My Mortgage Gift SM promotion approximately 6 weeks after closing on a new purchase or refinance loan secured by a first mortgage or deed of trust with Wells Fargo Home Mortgage (“New Loan”), subject to qualification, approval and closing, when identifying themselves as eligible. The My Mortgage Gift SM promotion is not available with any Wells Fargo Three-Step Refinance SYSTEM ® program, The Relocation Mortgage Program ® or to any Wells Fargo team member. Only one award permitted per new loan. This promotion cannot be combined with any other promotion, discount or rebate except yourFirst Mortgage SM. This promotion is void where prohibited, transferable, and subject to change or cancellation with no prior notice. Awards may constitute taxable income. Federal, state and local taxes, and any use of the award not otherwise specified in the Terms and Conditions provided at receipt of award are the sole responsibility of the My Mortgage Gift SM recipient. Please see Terms and Conditions document for more information.

    Wells Fargo Home Mortgage has a services agreement with Union Privilege in which Union Privilege receives a financial benefit for providing agreed upon services. You are encouraged to shop around to ensure you are receiving the best services and the best rate for your home financing needs.


    Wells Fargo & Company (NYSE: WFC), Bank of America Corporation (NYSE: BAC) – 6 Large


    #subprime mortgages

    #

    6 Large Companies That Do Subprime Lending

    For home buyers who have a solid credit score and other favorable financials, getting approval for a home mortgage loan is relatively easy. For buyers who have less than attractive financials, however, life can get a little unpleasant. That is why the subprime market exists: to serve those customers.

    From the lender s point of view, approval for a home mortgage loan requires three main things: a sufficient down payment (usually at least 20 percent of the total loan), good credit and the resources to cover the closing costs associated with the buying process.

    Subprime loans specialists, however, offer buyers more loan options. Larger, more traditional lenders have seen the profitability of the subprime market and have begun offering the more flexible loans as well.

    Wells Fargo

    Wells Fargo (NYSE: WFC ) has long been a leading mortgage lender, but the decline of overall lending volume has recently sent Wells Fargo searching for opportunities to recoup the lost revenue. The company feels that it has recovered from the damage done during the first few years of the 2008 financial crisis and is ready to begin extending credit to buyers who are traditionally seen as more of a credit risk.

    Capital One

    Not too long ago the banking behemoth bought out HSBC, which many believed would, among other things, make Capital One (NYSE: COF ) one of the few – if not the only – major subprime creditor in the country. Company officials, however, say they ve been hesitant to take on subprime borrowers. Capital One recognizes that subprime lending has not been a very successful venture for any length of time for any notable lending company.

    JPMorgan Chase

    JPMorgan Chase (NYSE: JPM ) was once one of the premier home mortgage lenders in the subprime market and still is to a certain degree. When other banks were running headlong into major catastrophes after the housing bubble burst, JPMorgan Chase managed to avoid many of the issues that its competitors faced. The bank also craftily circumvented much of the anger and scrutiny that other banks took on the chin, and that played a significant role in their Wall Street downfall.

    Citadel Servicing

    Citadel Servicing is billed as the largest subprime mortgage lender in the United States and has a history of taking on some of the riskiest credit applications ever. They have been known to approve borrowers with credit scores as low as 490 and have successfully managed to make it a profitable endeavor by creating innovative ways of lending. One such way is to repackage loans that have been made into bonds and sell them to investors.

    Bank of America/Countrywide

    Countrywide, now merged into the Bank of America (NYSE: BAC ) empire, was once one of the country s most successful subprime lenders. Countrywide improprieties that helped pave the way for the 2008 meltdown in 2008, however, have been an albatross for Bank of America, causing it to lose $50 billion. It is uncertain whether Bank of America will continue to be a leader in the industry or even a player in it.

    GM

    The subprime lending branch of General Motors (NYSE: GM ), GM Financial, finances auto loans and leases. GM Financial specializes in loans to those who have credit scores less than 620. The company recently received a subpoena by the Department of Justice for documents relating to its operations going back as far as 2007.

    2016 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.


    Personal Loans – Wells Fargo #home #loan


    #loan rate

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    Personal Loans

    Annual percentage rate (APR) assumes excellent borrower credit history, ability to repay the loan, and a special relationship discount of 0.50% which requires a qualifying Wells Fargo consumer checking account and enrollment in automatic payments. Loan APRs vary by amount borrowed, term selected, credit history, and ability to repay. Your actual APR may end up higher than the rate shown. The maximum APR for a $10,000, 3-year term loan is 19.99%.

    Ready to apply?

    Best if viewed on a desktop, laptop or tablet device.

    Apply today or contact a Wells Fargo Loan Specialist at 1-888-667-5250

    Whether you want to consolidate high-interest rate balances, fund a special purchase, or cover a major expense, a Wells Fargo Personal Loan is a great financing option.

    Benefits of a Personal Loan

    A personal loan makes it easy for you to put your financial plan into action. Benefits of a personal loan include:

    • Fixed rate, fixed term, and fixed monthly payments
    • No origination or prepayment fees
    • Relationship discounts may be available for customers with qualifying Wells Fargo consumer checking accounts
    • Competitive Annual Percentage Rate (APR) for the life of the loan
    • No collateral required to qualify
    • Loan amounts from $3,000 to $100,000
    • Credit decision in as little as 15 minutes and often same-day access to funds

    Benefits of a Time Account (CD)/Savings Secured Loan

    If you have a Wells Fargo Time Account (CD) or Savings Account, you can use it as collateral for a personal loan to get a lower annual percentage rate (compared to an unsecured loan) without touching your savings. Please note the amount in your collateral account equal to the full amount of the loan will not be available for use until the Time Account (CD)/Savings Secured Loan is paid in full.

    Why get a Wells Fargo Time Account (CD)/Savings Secured Loan?

    • Immediate funding. You may access your funds the next business day after credit approval.
    • Preserve savings. You can continue earning interest on your savings and avoid early withdrawal penalties on time accounts (CDs).
    • Lower interest rate. You may get a lower annual percentage rate by providing approved collateral (such as a Wells Fargo CD) to secure your loan.
    • Fixed term and rate. You know exactly how much you’ll pay each month, making it easy to budget.
    • Loan amounts from $3,000 to $250,000
    • $75 origination fee

    Debt Pay Down Solution ®

    Wells Fargo’s Debt Pay Down Solution offers a simple way to help you pay down your high-interest debt — faster than you thought you could.

    The Great Rate Event special relationship discount is available on applications submitted 07/01/2016 through 09/30/2016. To qualify for a relationship discount, you must maintain a PMA ® Package or a qualifying Wells Fargo consumer checking account and make automatic payments from a Wells Fargo deposit account. The relationship discount is 1.00% for PMA Package customers and 0.50% for qualifying consumer checking account customers. Only one relationship discount may be applied per application. To learn which accounts qualify for the discount, please consult a Wells Fargo banker. If automatic payments are not selected, or are canceled for any reason at any time after account opening, the interest rate and the corresponding monthly payment may increase.

    The Annual Percentage Rate (APR) will be based on the specific characteristics of your credit application including, but not limited to, evaluation of credit history, amount of credit requested, and geographic location. Your actual APR will be determined when a credit decision is made and may be higher than the lowest rate available. At least 5% of approved applicants qualified for the lowest rate available based on data from 04/01/2016 to 06/30/2016. The interest rate is fixed for the life of the loan. Loan terms can range from 12 to 60 months depending on the loan amount.

    New credit accounts are subject to application, credit qualification, and income verification. Before you apply, we encourage you to carefully consider whether consolidating your existing debt is the right choice for you. Consolidating multiple loans means you’ll have a single payment each month for that combined debt but it may not reduce or pay your debt off sooner. The payment reduction may come from a lower interest rate, a longer loan term or a combination of both. By extending the loan term you may pay more in interest over the life of the loan. By understanding how consolidating your debt benefits you, you’ll be in a better position to decide if it is the right option for you.

    • Deposit products offered by Wells Fargo Bank, N.A. Member FDIC.

    © 1999 – 2016 Wells Fargo. All rights reserved. NMLSR ID 399801


    Document Checklist for Mortgage Assistance – Wells Fargo #mortgage #branch #opportunities


    #mortgage assistance

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    Mortgage Assistance Document Checklist

    After you speak with a home preservation specialist, you’ll receive a package of forms and documents to complete your request for assistance. Use the checklist below to see what forms you might need to fill out, and what documents you might need to provide.

    Different programs require different forms and documents, so make sure you follow the instructions provided by your home preservation specialist.

    Forms

    • Mortgage Assistance Application. This form collects detailed information about your property, your finances, your hardship, and more. There are multiple versions of this form, but they all collect similar information. Please check with your home preservation specialist to see which one applies to you.
    • Hardship affidavit. This form documents the reasons for your hardship. You only need to send this form if this information isn’t collected in the assistance form, or if you have a co-borrower who needs to fill out their own affidavit.
    • Third-party authorization. It authorizes Wells Fargo to share information with third party.

    Tip

    Make sure you fill out these forms completely. Don’t leave anything blank — if a question doesn’t apply to your situation, just write “n/a” in the space.

    Documents

    • Financial statements
      • Provide your 2 most recent statements for all banking and investment accounts. Include all statement pages, even if they are blank.
    • Employment income
      • Provide paystubs for your most recent 30 consecutive days of earnings. Your paystubs should also include year-to-date earnings; if they do not, please provide separate documentation, such as a letter from your employer, showing year-to-date earnings.
    • Self-employment income
      • Provide your most recent quarterly or year-to-date profit and loss statement.
      • Provide your 2 most recent business bank statements.
    • Income from child support, alimony, or separation maintenance

      This information is required only if you want us to consider these payments as part of your income for repaying the loan.

      • Provide legal documents (such as a divorce decree or separation agreement) showing the amount of the payments, how often you receive them, and how long they will continue.
      • Provide your 2 most recent bank statements showing receipt of these payments.
    • Income from benefits
      Benefits include Social Security, retirement, disability or death benefits, unemployment, public assistance, or adoption assistance.
      • Provide your benefit statement or a letter from the provider showing the amount of your benefit payments, how often you receive them, and how long they will continue.
      • Provide your 2 most recent bank statements showing receipt of these payments.
    • Rental income
      • Provide the current lease agreement.
      • Provide your 2 most recent bank statements showing receipt of these payments.
    • Hardship documentation
      • Provide any additional documents requested in the mortgage assistance form (or by your home preservation specialist) to demonstrate the reasons for your hardship.

    Call 1-800-678-7986 for help with your payment issues.


    Wells Fargo Review, 2016 #mortgage #loan #rates


    #wells home mortgage

    #

    Wells Fargo Home Mortgage Review

    PROS / Wells Fargo offers construction loans with a rate-lock program.

    CONS / The interest rates were higher than most of the mortgage lenders we reviewed.

    VERDICT / Wells Fargo s interest rates were the highest of the top mortgage lenders we reviewed, but it offers excellent customer service. It s also one of the few banks to offer construction loans, making it a bank worth considering if you are building a home.

    Wells Fargo Mortgage earns our Top Ten Reviews Bronze Award for its excellent customer service and numerous options for mortgages and refinancing. While we found the rates somewhat higher than those of other lenders on our lineup, the fees were competitive, and if you have a second home, this bank lets you refinance it.

    Rates & Fees

    We found Wells Fargo’s rates were higher than the industry average, overall. Like most mortgage companies, you have the option of a fixed-rate or adjustable rate. Wells Fargo also offers some other features, such as a temporary buydown, which gives you some payment flexibility. You can find details on the website.

    If you are looking for a construction loan, Wells Fargo offers some options, such as a rate-lock option that lets you set the interest rate while the home is being built. This protects you from rising interest rates while your home is under construction. But if rates decrease, Wells Fargo offers a one-time floatdown to the lower rate. Wells Fargo’s online calculator provides rates and estimated down payments.

    Because closing costs depend on fees beyond the bank’s control, we looked only at bank fees like underwriting and processing that are paid as part of closing costs. The agents we spoke to said bank fees vary by state. Wells Fargo’s fees fall at or below average for the mortgage lenders in the industry.

    Eligibility & Requirements

    Like most mortgage loan companies, Wells Fargo requires a five percent down payment, although it may allow a lower down payment for first-time homebuyers with excellent credit. It prefers to work with borrowers with average credit scores or higher but can make exceptions. Its preferred debt-to-income ratio is average for most banks. It was one of the few mortgage companies that mentioned a preferred cost-to-income ratio. This is the percentage of your monthly income that goes toward your mortgage.

    If you have a second home, Wells Fargo allows you to refinance that mortgage. Not every mortgage refinance lender refinances a second home, so if you have a vacation house or rental, this is a good bank to consider.

    Customer Experience

    Wells Fargo’s customer service received our highest marks. The phone system quickly connects you to a loan officer. Every loan officer we spoke to answered our questions in detail, took time to explain things and gave us accurate information without the hard sell we experienced with other mortgage lenders. The online application process seemed similarly user friendly, with helpful checklists to make sure you had the information you needed as you filled out the application.

    Wells Fargo has an excellent website for homebuyers wanting more information about what to expect. It contains an interactive guide, My FirstHome, that takes you through the process, from deciding whether or not to buy to maintaining your new property. The resources section contains articles, checklists and videos that cover all aspects of homeownership, not just the mortgage. The checklist section is similarly expansive.

    Loan Types Offered

    Wells Fargo offers conventional and government-program mortgage and home refinancing loans with fixed and adjustable rates. It also offers construction loans. Only a few of the banks we evaluated offer these loans, which are riskier for the bank, because the usual equity is the house itself. It also has some special loan programs, such as jumbo loans. While it does not offer home equity loans, it does have a home equity line of credit program.

    Summary

    Wells Fargo had the highest interest rates of the mortgage lenders we reviewed, but it also had the best marks for customer service. Its website offers excellent information on home buying and home ownership that make it worth visiting even if you don’t get a loan from this institution. However, if you are building your home, its construction loan program makes it worth checking out.

    Overall Rating


    Wells Fargo Home Mortgage, Inc: Private Company Information #business #mortgage #calculator


    #wells home mortgage

    #

    Company Overview of Wells Fargo Home Mortgage, Inc.

    Wells Fargo Home Mortgage, Inc. Key Developments

    Wells Fargo Home Mortgage Announces Executive Changes

    Wells Fargo Home Mortgage has shifted Perry Hilzendeger to head up its mortgage servicing operations from his previous position of running its home loan default business. The change is effective immediately. Hilzendeger replaced Michael DeVito, who took over as the head of mortgage production on October 1, 2015. He will report to Franklin Codel, the recently-appointed head of Wells Fargo Home Mortgage. In his role heading up the default business, Hilzendeger, a 25-year Wells Fargo veteran, oversaw the teams dedicated to helping prevent and resolve delinquencies. His responsibilities also included collections, single point of contact, underwriting, short sales, mediations and community relations. Under his leadership, the company also created the Mobile Response Unit, an in-field, rapid-response approach that served homeowners struggling to recover from natural disasters.

    Similar Private Companies By Industry

    Request Profile Update

    Only a company representative may request an update for the company profile. Documentation will be required.

    To contact Wells Fargo Home Mortgage, Inc. please visit www.wellsfargo.com/mortgage. Company data is provided by Capital IQ. Please use this form to report any data issues.

    Information Missing – Please enter your information in the following field(s):


    Apply – Mortgages – Wells Fargo #mortgage #loans #calculator


    #apply for mortgage

    #

    Apply

    Tip

    The home loan process just got better. Once you’ve applied, use your LoanTracker SM to complete important tasks and check your loan’s progress — any day or time, from any computer, smartphone, or tablet. your LoanTracker is not available with all loans; talk to a home mortgage consultant for details.

    How the home financing process works

    Your home mortgage consultant will be your central guide through the financing process, answering your questions and helping keep you on track.

    • Connect with a home mortgage consultant and have a conversation — about your home financing needs and your loan choices. Your home mortgage consultant will also help you understand how much you might be able to borrow.
    • When you’re ready, your home mortgage consultant will help you complete an application.
    • If your loan is eligible, we’ll send you an email invitation to sign onto your LoanTracker. You can use your LoanTracker to receive disclosures, provide financial documents, and check your loan’s progress. You can complete any of these activities by mail or fax if you prefer.
    • We’ll send you disclosures with information about your loan terms, estimated payments, and closing costs.
    • You’ll review, sign, and return the disclosures using your chosen method — either your LoanTracker. mail, or fax.
    • You’ll also provide other financial documents as needed.
    • Based on our initial review, we’ll send you a conditional approval letter, which means that your loan will be approved pending the results of additional financial and property review.

    Tip

    A prequalification or preapproval can help you determine a price range for a home. Ask your home mortgage consultant about getting a prequalifcation or preapproval letter.

    • We’ll order an appraisal of your property to determine its current value.
    • You’ll submit any additional required documents using your LoanTracker or sending them by mail or fax.
    • We’ll review all your information in order to make a final decision on your loan.
    • Assuming that the appraisal is approved and all documents are received and confirmed, we’ll approve your loan and send you a commitment letter and a copy of your appraisal.
    • Together, we’ll schedule your final closing date.

    Tip

    You’ll need homeowners insurance to close your loan. Wells Fargo Insurance agents can help you find a policy that fits your needs.

    • You’ll get homeowners insurance for your new home and give us the information. We’ll review it to make sure you have enough coverage.
    • We’ll provide final disclosures through your LoanTracker or by mail or fax. We’ll also confirm the amount of money you’ll need to close your loan.
    • You’ll arrange to have funds available for your closing.

    Tip

    As required by federal regulations, if your application is dated on or after August 1, 2015, you’ll receive your final disclosures no later than three business days before your loan closing. However, if there is a change in certain terms, we’ll send you revised final disclosures and give you another three days to review them, which could delay your loan closing. Remember, you can use your LoanTracker to review and accept your disclosures and help the application process go smoother.

    • We’ll confirm your final closing date.
    • You’ll receive a closing package from your settlement or closing agent. Be prepared to review and sign multiple documents.
    • You’ll bring a cashier’s check to the closing to pay for your closing costs.
    • You’ll attend the closing and get your keys. Congratulations on your new home!
    • You’ll determine how you’d like to make your mortgage payments — online, by mail, or by phone.

    Tip

    When you choose online payments, you can also set up an automatic payment schedule to make budgeting easier.

    • Sign up for online banking for a convenient way to manage your mortgage. View your account information, make payments, and get tax documents.
    • Complete a survey about your home financing experience.

    Tip

    We’re here to help with homeownership too. Get resources to help you become a successful homeowner.

    A better way to get a mortgage

    Watch the 4 steps to a home loan video