How to apply for Wells Fargo mortgage loan application

Are you searching for how to buy   your dream home and you  don’t have the fund to buy it or you are  planning of buying a new house at your choice location, then you can approach Wells Fargo for mortgage loan to enable you buy one.

Wells Fargo is a good national lender with a wide selection of mortgage products for home buyers in all financial stages. They Provides numerous online conveniences, including loan application and process updates. Wells Fargo interest rate doesn’t change for the entire life of loan.

How can I start my Wells Fargo mortgage application?

Apply online for Wells Fargo mortgage

Wells Fargo mortgage simple and secure online application will walk you through the process step by step. If you’re a Wells Fargo customer and use your Wells Fargo Online username and password we’ll prefill some of your information, making it easier to complete the application.

1. Copy the following link to your browser to enable you open their online mortgage portal: https://www.wellsfargo.com/mortgage/apply/

2. Enter your username and password for a faster, prefilled application if you have wells Fargo account click yes if not click No to continue your application.

You can also connect with a home mortgage consultant and have a conversation – about your home financing needs, your loan choices, and how much you may be able to borrow. When you’re ready, your home mortgage consultant will help you complete an application.
Call 1-877-937-9357

Read: How to Get Wells Fargo Personal Loan and requirements

 

Wells Fargo offers several low down payment options, including conventional loans (those not backed by a government agency).

Conventional fixed-rate loans are available with a down payment as low as 3%.
Keep in mind that with a low down payment mortgage insurance will be required, which increases the cost of the loan and will increase your monthly payment. We’ll explain the options available, so you can choose what works for you.

FHA loans are available with as little as 3.5% down: FHA loans have the benefit of a low down payment, but you’ll want to consider all costs involved, including up-front and long-term mortgage insurance and all fees.

Be certain to ask your home mortgage consultant to help you compare the overall costs of all your home financing options.

VA loans offer low– and no-down payment options for eligible veterans and other eligible borrowers.

Wells Fargo Mortgage rates and terms

Interest rates are influenced by the financial markets and can change daily – or multiple times within the same day. The changes are based on many different economic indicators in the financial markets. Copy this link to view your Current Mortgage and Refinance Rates: https://www.wellsfargo.com/mortgage/rates

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Mortgage and homeowners insurance

Proof of homeowners insurance will be required before you can close your loan. Typically, you will need to present an insurance binder and pay for one year’s worth of insurance coverage.

All mortgage lenders require lender’s coverage for an amount equal to the loan. It lasts until the loan is repaid. As with mortgage insurance, it protects the lender but the borrower pays the premium at closing.

 

Wells Fargo Mortgage approval and closing

Please note: The number of days from application to approval will vary for purchase and refinance home loans. The timeline is generally 30-90 days.

How can I send funds to pay off my mortgage?

By wire, no checks:
Wells Fargo Bank, N.A.
Beneficiary Bank ABA: 121000248
Beneficiary Bank Acct: 4127400093
Beneficiary Bank Address:
1 Home Campus
Des Moines IA 50328

Please include account number, mortgagor name, sender’s name and phone number.

If wire transfer is not an option, cashier’s check or certified funds may be sent. Please generate a payoff quote after logging in to your account or contact customer service.

By overnight mail:
Wells Fargo Home Mortgage
Attn: Payoffs, MAC F2302-045
1 Home Campus
Des Moines IA 50328

Funds must be received by 2 pm Central Time for same day processing.

You may like to read: Bank of America online banking and Mobile app: How to register, deposit check, transfer money and check statement of account

Check Mortgage loan application status

To check your Wells Fargo mortage status follow the link: https://www.wellsfargo.com/product/status?applicationtype=OAS

For More details contact your account manager …Before you wire funds, be sure to verify all instructions and contact information to avoid real estate scams.

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