Looking at the more common Wells Fargo home loan options, the fixed rate offers are, of course, first on the list.  Fixed rate mortgage, including Jumbo loans (over $300,000) Wells Fargo mortgage rates can be quite good for those with decent credit and who prefer predictable payments.  In today’s fluctuating market climate, this is obviously a way to feel better about your loan.  Loans can be over 15, 30, or 40 year terms.

Other Wells Fargo home mortgage offers for adjustable rate mortgages (ARM) can be one of three types of Wells Fargo home loan: a pure ARM of 3 or 5 years, an interest-only payment loan of 1 or 3 years, and a flexible/fixed program.  These are the most interesting offers and fairly unique to Wells Fargo home mortgage options.

The ARM and interest-only offers are fairly standard in the industry, with adjustable rates or interest-only payments for a set term and then a variable interest rate afterwards.  These are most common for those who want a home, but don’t necessarily have the best situation for getting one yet, but know that their options will be better in the future.  This allows for a lower rate now and a good option for refinancing with another Wells Fargo home mortgage later.

The Flex/Fixed option, however, is a unique combination which is similar to an interest-only ARM but with a set fixed rate for the maturity rather than an adjustable one.  So no refinance may be needed.  This option fixes the rate at the time of the ARM’s maturity (1-5 years) at whatever the current (at that time) is for Wells Fargo mortgage rates.  Up to that point, the interest-only payment is all that’s required for monthly payments.

Overall, the Wells Fargo home mortgage options are well worth considering.