SmartRatesUSA
Mortgage Lender Review🏛️ Established National Bank

Wells Fargo

Bank

30-yr fixed APR around 6.63%. Buyers who want an established national bank with in-person mortgage consultants.

At a Glance

30-Yr Fixed APR

6.63%

15-Yr Fixed APR

5.82%

Min. Credit Score

620

Min. Down Payment

3%

Lender Type

Bank

Avg. Closing Time

30–45 days

Key Features

One of the largest mortgage originators and servicers in the US

Dream. Plan. Home. program offers down payment and closing cost assistance in eligible areas

yourLoanTracker tool for real-time application status

Pros & Cons

Pros

  • Extensive branch network and dedicated home mortgage consultants
  • Assistance programs for eligible low- and moderate-income buyers
  • Established servicer with long track record

Tradeoffs

  • Rates can run above top online lenders
  • Application process can involve more paperwork than digital-first competitors

Best for: Buyers who want an established national bank with in-person mortgage consultants

Frequently Asked Questions

What credit score do I need for a mortgage with Wells Fargo?

Wells Fargo generally works with borrowers around 620+, though the exact rate and approval odds depend on your full credit profile, down payment, and loan program.

What loan types does Wells Fargo offer?

Wells Fargo offers Conventional, FHA, VA, Jumbo, Refinance. Availability can vary by state and property type, so confirm your specific loan program directly with the lender.

Does Wells Fargo charge lender fees?

Wells Fargo charges standard lender fees as part of closing costs — ask for a full Loan Estimate to see the exact breakdown before committing.

Other Mortgage Lenders

Rocket Mortgage

6.75% 30-yr fixed APR

Better Mortgage

6.49% 30-yr fixed APR

Navy Federal Credit Union

6.35% 30-yr fixed APR

Rates shown are illustrative national averages for 2026 and change daily based on market conditions, loan amount, credit score, and property type — always confirm current rates directly with the lender.

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