Wells Fargo Home Loan Requirements
The minimum draw or amount that can be taken out at one time is 400 in most states.
Wells fargo home loan requirements. Our home mortgage consultants can help you get started with a free consultation. There is no maximum but it will obviously be determined by your credit score and equity in your home. Your variable rate won t increase more than 2 per year based on your anniversary date and will never be more than 7 higher than where you started maximum of 18. Your minimum apr including discounts can t go below the 1 floor rate.
A preapproval from wells fargo shows sellers you re a serious and prepared buyer. The minimum line of credit amount is 25 000. Plus compared to a prequalification it will give you a more accurate idea of your potential loan amount monthly payment and interest rate. Official page for wells fargo home mortgage loans.