Wells Fargo Mortgage Rates: Fixed, ARM, Jumbo, and More

When considering buying a home or refinancing your current one, choosing the right mortgage provider is essential. Interest rates, loan terms, and application procedures can greatly affect your financial future. Among the top options in the U.S., Wells Fargo Mortgage Rates consistently stand out for their flexibility.

In this post, we’ll discover everything you need to know about Wells Fargo mortgage rates. Such as eligibility, application procedures, terms, and current offers to help you decide better. Plus, we will introduce other Wells Fargo financial products to simplify your full banking experience.

Introduction to Wells Fargo & Co.

Wells Fargo & Co. is one of the most well-known financial institutions in the United States, serving millions of customers with a range of banking and financial services. With a strong national presence and nearly two centuries of history, the bank has built a reputation for both reliability and innovation.

History of Wells Fargo

Wells Fargo was founded in 1852 by Henry Wells and William Fargo during the height of the California Gold Rush. The bank originally provided express mail and banking services, using stagecoaches to transport gold, money, and parcels across the western frontier of the United States. So, its signature stagecoach logo remains a symbol of its pioneering legacy.

Over the decades, Wells Fargo evolved through multiple mergers and acquisitions, becoming one of the “Big Four” banks in the U.S. It played an important role in supporting economic development across various regions of the country, especially the American West.

Despite encountering regulatory and reputational challenges in the 2010s, Wells Fargo has since undertaken significant reforms and regained customer trust. Due to improved transparency, customer service, and digital innovation. Today, it continues to be a key factor in the global financial system, offering services in personal, commercial, and business banking.

General Services of Wells Fargo

Wells Fargo provides many banking services designed to meet the needs of individuals, families, and businesses. These services include:

• Personal Banking: Checking and savings accounts, debit and credit cards, and everyday financial tools.
• Lending Solutions: Home mortgages, auto loans, personal loans, and credit lines for both individuals and businesses.
• Wealth & Investment Management: Financial advisory, retirement planning, and investment platforms like WellsTrade.
• Corporate Banking: Treasury management, commercial lending, and institutional financial services.
• Business Banking: Dedicated products such as business checking accounts, credit and financing solutions, merchant services, and digital tools like Zelle for Business.

Types of Wells Fargo Mortgage Loans

A mortgage is a loan to purchase or refinance a home, and it’s secured by the property itself. With Wells Fargo mortgage rates, borrowers gain access to some of the most competitive options in the market. Moreover, rates are updated frequently and reflect current market conditions.

Fixed-Rate Mortgage (FRM)

A fixed-rate mortgage offers a consistent interest rate that remains unchanged. This means your monthly principal and interest payments stay the same, regardless of market conditions. Common term lengths include 15, 20, or 30 years.

Main advantages:

• Budget stability: No surprises in your monthly payments.
• Ideal for long-term homeowners who plan to stay in the property for many years.
• Protection against rising interest rates in the future.

Wells Fargo fixed-rate mortgage is a strong choice for those who value predictability and want to lock in rates while they’re low. However, this loan type may come with slightly higher initial rates than ARMs but provides more peace of mind over time.

Adjustable-Rate Mortgage (ARM)

An adjustable-rate mortgage (ARM) starts with a lower introductory interest rate that remains fixed for a certain period (commonly 5, 7, or 10 years). After that, the rate adjusts periodically, usually every 6 months, based on market indexes.

Best suited for:

• Buyers who plan to sell or refinance before the fixed period ends.
• Borrowers who want lower monthly payments in the short term.
• People are expecting increased income or a job relocation in the future.

Wells Fargo ARMs include caps to limit how much your rate can increase, offering some level of protection against steep hikes. Because the rate can rise after the fixed term, ARMs carry more risk, but offer better initial affordability.

Wells Fargo Jumbo Loans

A jumbo mortgage is for borrowers who need to finance high-value homes that exceed conforming loan limits set by the Federal Housing Finance Agency (FHFA). Currently, around $766,550 in most areas for 2025.

Highlights:

• Used to purchase luxury or upscale homes.
• Can be fixed or adjustable-rate, with terms customized for larger amounts.
• Requires higher credit scores, larger down payments (often 10–20%), and more documentation.

Wells Fargo jumbo loans are tailored for financially strong buyers and often include the same digital tools and personalized support as standard loans. However, these loans are not backed by Fannie Mae or Freddie Mac, so lending criteria are stricter.

Government-Backed Loans (FHA & VA)

FHA loans are insured by the Federal Housing Administration, while VA loans are guaranteed by the U.S. Department of Veterans Affairs. Both are backed by the government and come with unique advantages.

FHA Loan Benefits:

• Down payments as low as 3.5%
• More flexible credit score requirements (typically 580+)
• Popular with first-time homebuyers

VA Loan Benefits (for eligible veterans and service members):

• No down payment required
• No private mortgage insurance (PMI)
• Competitive interest rates and closing cost limits

Wells Fargo supports both FHA and VA loans, offering a smooth application experience and helpful educational resources. However, eligibility and documents vary by program, so it’s important to check specific guidelines or ask a Wells Fargo loan officer.

Wells Fargo Refinancing Options

Refinancing allows existing homeowners to replace their current mortgage with a new one. Usually, to take advantage of lower interest rates, better loan terms, or to tap into home equity.

Common reasons to refinance:

• Lower your monthly payments by reducing your interest rate
• Change the loan term (e.g., from 30 to 15 years)
• Switch from an ARM to a fixed-rate loan
• Access cash for renovations or debt consolidation (cash-out refinance)

Wells Fargo refinancing options are available for both conventional and government-backed loans. The bank provides helpful calculators and a streamlined application process. While refinancing can offer long-term savings, be sure to factor in closing costs and the time it takes to break even. Another way to maximize benefits? Consider Investing or exploring referral programs for additional perks.

Why choose Wells Fargo Mortgage?

• Daily Rate Updates: Stay informed with the latest mortgage rates Wells Fargo offers, updated regularly to reflect market changes.
• No-Impact Prequalification Tools: Estimate how much you can borrow without affecting your credit score using easy online tools.
• Personalized Guidance: Get support from dedicated mortgage consultants who guide you through every step of the process.
• Rate Lock Protection: Secure your rate early and protect your budget from unexpected increases during loan processing.

Once you’re settled on a mortgage, don’t forget to explore Wells Fargo Auto Loans—an excellent choice if you’re also planning to upgrade your vehicle.

Wells Fargo Mortgage: Eligibility

To benefit from Wells Fargo mortgage rates, you need to meet specific criteria as both a borrower and a property buyer. These standards help ensure the loan is suitable and that you are financially prepared for homeownership.

Borrower Eligibility Requirements

Wells Fargo evaluates several factors before approving a mortgage application. Here’s what you need to qualify:

• You must be 18 years or older at the time of application.
• You must be a U.S. citizen or permanent resident.
• A minimum credit score of 620 is required for most loan types. Higher credit scores usually result in better mortgage rate offers.
• You must show proof of stable income and employment, such as recent pay stubs or tax returns.

These conditions help Wells Fargo determine your ability to repay the loan over time. If you’re applying jointly, all borrowers must meet these criteria.

Property Eligibility Requirements

Not all homes automatically qualify for financing. The property you’re purchasing must meet these conditions:

• The home must be located within the United States.
• Acceptable property types include: Single-family homes, Townhouses, Condominiums
• The home must pass a professional appraisal to verify its value and condition. This ensures the loan is not higher than the actual market value of the home.

Wells Fargo may request additional documentation if the property is an investment, a multi-unit structure, or has unique features. In such cases, underwriting guidelines could be stricter.

By meeting both sets of requirements, you’re on the right path to secure competitive Wells Fargo mortgage rate offers for eligible buyers. If you’re running a small business, you may also be interested in Wells Fargo’s Business Term Loans, designed to support growth and equipment financing.

Wells Fargo Mortgage: Documents & Procedures

Applying for a home loan can seem overwhelming, but the process becomes much simpler when you’re well-prepared. Whether you’re buying your first home or refinancing, having the right documents ready will speed things up. Here’s what you need to apply for Wells Fargo mortgage rates confidently and efficiently.

Necessary Documents

To begin the process, Wells Fargo requires several standard documents to assess your financial stability and loan eligibility. These include:

• A government-issued ID, such as a driver’s license or passport
• Your Social Security number for identity and credit verification
• Recent pay stubs, typically from the last 30 days
• W-2 forms from the past two years
• Your federal tax returns for the last two years
• Bank statements covering the most recent 2–3 months
• Proof of employment, such as an employer contact or verification letter

These documents help verify your income, assets, and overall financial health. If you’re self-employed, you may also need to submit profit-and-loss statements or 1099 forms.

However, Wells Fargo mortgage may request additional documentation depending on the loan type, property value, or borrower profile, especially for jumbo or investment properties.

Mortgage Application Steps at Wells Fargo

Applying for a mortgage with Wells Fargo is designed to be simple, efficient, and accessible. By following these five key steps, you can move through the process with confidence, whether you’re applying for a new home loan or refinancing.

• Prequalification: Start by using Wells Fargo’s online prequalification tool. It gives you an estimate of how much you may be eligible to borrow, without impacting your credit score. So this helps you set a realistic budget from the beginning.
• Formal Application: Once you’ve found a property or decided to refinance, submit a full mortgage application. You can complete this online through Wells Fargo’s digital platform or visit a local branch for in-person assistance.
• Document Submission: Upload all required financial documents securely through the Wells Fargo mortgage portal. These include proof of income, bank statements, and tax returns. Timely submission helps prevent delays during processing.
• Loan Processing: This stage includes a property appraisal, a full credit check, and underwriting to verify all submitted information. You may be contacted during this time to clarify any details or provide additional paperwork.
• Loan Closing: If approved, you’ll move to the closing phase. Here, you’ll review all final loan terms and sign the necessary documents. Once completed, your mortgage becomes official. However, FHA or VA loans may require additional documentation, such as proof of military service or HUD-specific disclosures.

By preparing your documents early and following each step closely, you can streamline your access to Wells Fargo mortgage rate offers. To simplify your financial management after closing, consider opening a Wells Fargo Checking Account. It’s a smart way to automate your mortgage payments and stay on top of everyday expenses with integrated online banking tools.

Wells Fargo Mortgage: Terms & Rates

Wells Fargo offers a variety of mortgage terms designed to match your financial goals and repayment preferences. The length of your mortgage term directly affects both your monthly payment and your total interest cost over time. Choosing the right term is an important part of maximizing the value of your loan. With Wells Fargo mortgage rates, you can select from fixed or adjustable options based on your long-term plans and budget.

Available Term Options

• 30-Year Fixed Rate: This is the most popular choice for homebuyers. It offers lower monthly payments by spreading the cost over a longer period. However, you’ll pay more interest overall.
• 20-Year Fixed Rate: A balanced option for buyers who want to build equity faster than a 30-year term. Payments are higher than the 30-year term but lower than a 15-year.
• 15-Year Fixed Rate: Ideal for homeowners looking to pay off their mortgage quickly. Monthly payments are higher, but you’ll save significantly on interest.
• Adjustable-Rate Mortgages (ARMs): These include 5/6, 7/6, and 10/6 ARMs. Each starts with a fixed interest rate for the first 5, 7, or 10 years. After that, the rate adjusts every 6 months based on market conditions. ARMs typically start with a lower rate than fixed loans.

Note: The shorter the term, the less total interest you pay—but monthly payments are higher. Conversely, longer terms offer affordability with a higher lifetime cost.

To help you choose the best fit, Wells Fargo provides an online mortgage calculator that compares term lengths, monthly payments, and estimated savings over time.

Current Wells Fargo Mortgage Rates (as of June 2025):

To estimate your monthly payment, try the mortgage calculator available on the Wells Fargo website. After securing your mortgage, you may want to look into Wells Fargo personal loans for home improvements or debt consolidation.

Note: These rates are based on a home in Austin, TX, with a purchase price of $400,000 and a down payment of $80,000.

Note: These rates are based on a home in Austin, TX, with a purchase price of $400,000 and a down payment of $80,000.

Wells Fargo Mortgage: Exclusive Benefits

When you choose Wells Fargo mortgage rates, you’re not just getting a loan. You’re unlocking a range of exclusive benefits designed to improve your overall financial experience. From loyalty discounts to educational tools, these perks can make a real difference in both the short and long term. These programs are especially useful if you’re seeking more than just a mortgage. They reward long-standing customers and provide first-time buyers with extra support.

Relationship Discounts

Wells Fargo rewards loyal clients who have substantial funds deposited or invested within the bank. These are known as relationship discounts, and they can reduce your mortgage interest rate by up to 1.25%, depending on your eligible asset level.

Here’s how it works:

• Discounts typically begin when you hold $250,000 or more in Wells Fargo deposit or investment accounts.
• These can include checking, savings, certificates of deposit (CDs), or investment accounts held through Wells Fargo Advisors.
• The more assets you have, the greater the discount tier, scaling up to $50 million and beyond.

Why it matters: Even a small rate reduction can save you thousands of dollars in interest over the life of your loan. Therefore, this is one of the most valuable ways to optimize mortgage rates Wells Fargo offers.

Tip: You can talk to a Wells Fargo representative to confirm which accounts and balances qualify for the discount.

First-Time Buyer Support

Buying your first home can be confusing, especially with new terms, unfamiliar procedures, and financial stress. Wells Fargo makes this easier with its first-time homebuyer programs that offer personalized education and support.

What’s included:

• Online tools like mortgage calculators, budget planners, and home price estimators.
• Educational resources, including videos and guides explaining the entire mortgage process from application to closing.
• Personalized support from trained mortgage consultants who specialize in first-time buyers.

Why it matters: You’ll make more informed decisions, avoid costly mistakes, and feel confident at every step of the mortgage journey.

If you’re unsure where to start, Wells Fargo’s First-Time Home Buyer Toolkit is a great place to begin.

Rate Lock Protection

Mortgage rates change frequently, sometimes daily. To help borrowers secure favorable terms, Wells Fargo allows you to lock in your interest rate once your application is underway.

Here’s how it works:

• You choose to “lock” your rate for a specific time, typically 30, 45, or 60 days.
• If rates go up during that period, your rate stays the same.
• If rates go down, some programs allow for a one-time “float down” feature.

Why it matters: This protects you from unexpected rate hikes while your loan is being processed and gives you more control over your monthly budget.

Speak with your loan advisor to determine how long you can lock your rate and whether float-down options apply.

Online and Mobile Mortgage Management

Once your loan is approved and disbursed, Wells Fargo provides full digital control over your mortgage. So you can manage everything from payment schedules to document access online or via the Wells Fargo Mobile app.

What you can do:

• View payment history, remaining balance, and due dates.
• Make extra payments or schedule automatic recurring payments.
• Download tax documents, mortgage statements, or escrow details.
• Set up real-time alerts for upcoming payments or changes to your account.

Why it matters: Convenience. You no longer need to rely on paper mail or phone support. Because everything is centralized in one platform, so makes it easier to stay on top of your financial responsibilities.

Pair this with a Wells Fargo checking account for seamless automatic mortgage payments and account management.

Need flexible financing beyond credit cards? Consider Personal Loans by Wells Fargo ideal for consolidating debt, covering major expenses, or funding life’s important moments with no fees and fixed rates..

FAQs about Wells Fargo Mortgage 

Can I apply for a mortgage without an existing Wells Fargo account?

• Yes. You do not need to be an existing customer to apply. However, having a relationship may qualify you for rate discounts.

How long does the loan process take?

• On average, 30 to 45 days from application to closing. This may vary based on loan type and required documents.

Can I apply fully online?

• Yes. You can complete the entire application and upload documents through the Wells Fargo online portal.

Is there a penalty for early repayment?

• Generally, no. Wells Fargo does not charge prepayment penalties for most loan types.

What credit score is required?

• Most loans require a score of at least 620. FHA and VA loans may accept lower scores.

Thinking of buying a new car? Explore Auto Loan options from Wells Fargo, offering competitive rates and flexible terms.

Navigating the mortgage process doesn’t have to be overwhelming. With competitive Wells Fargo Mortgage Rates, a broad range of loan options, and dedicated support, homeownership is within reach. Whether you’re buying, refinancing, or investing, Wells Fargo has solutions to fit your goals.