Wells Fargo Mortgage Rates
Wells Fargo is one of the largest banks in the nation and one of the largest home mortgage lenders as well. We here at OnlineBankingFan.com thought it would definitely be in our reader’s interest if we reviewed some of the mortgage options and Wells Fargo mortgage rates currently available.
All loans at Wells Fargo are subject to credit and ability to pay, of course, but Wells Fargo Online Banking services offers several mortgage options for fixed and short-term adjustable rate mortgages (ARM) loans.
A standard 30-year fixed loan, for instance, can have an annual percentage rate (APR) as low as 5.34% while a 15 year fixed loan can be even lower at 5.115% APR. Wells Fargo Mortgage rates get higher for less standard loans such as Jumbo (larger than area average) or extended 40-year loans, at 6.651% and 7.208% respectively.
In the market, however, Wells Fargo Mortgage rates are known to be competitive as a larger lender that aggressively finances otherwise hard-to-finance buyers. A five year ARM can be had for 4.721%, depending on eligibility, and can be used to get buyers are more shaky ground into a home.
Currently, Wells Fargo Online Banking is showing several FHA loans for metropolitan and more expensive areas as well, giving options for the buyer.
Wells Fargo Mortgage rates are definitely worth a look for a home buyer who’s looking for a first-time buyer’s or experienced buyer’s loan for a home. Check out Wells Fargo Online Banking for interesting offers as well and be sure to check often, as rates and terms change quickly in the mortgage business.