Wells Fargo Mortgage Review 2026
Many or all of the products on this page are from partners who compensate us when you click to or take an action on their website, but this does not influence our evaluations or ratings. Our opinions are our own.
Why trust NerdWallet
- 50+ mortgage lenders reviewed and rated by our team of experts.
- 40+ years of combined experience covering mortgages and financial topics.
- Objective, comprehensive star rating system assessing 120+ categories and 5,000+ data points.
- Governed by NerdWallet's strict guidelines for editorial integrity.
Our Take
5.0
Wells Fargo has significantly shrunk its mortgage business in the past few years, dropping from the third largest mortgage originator in 2023 to the 23rd largest in 2025, but it remains a strong option. Most likely to appeal to homeowners seeking a cash-out refinance, based on strong market share and above average cash-out rates and fees.
Pros
-
Borrowers can see customized mortgage rate estimates for conventional and VA loans.
-
Offers relatively low interest rates and fees compared to other lenders we surveyed.
-
Discounts may be available for existing Wells Fargo customers.
Cons
-
Does not offer home equity loans or HELOCs.
-
Borrowers need at least $250,000 in assets with the bank to qualify for a rate discount.
-
Prospective borrowers may be put off by the lender’s past legal issues.
Lender | Min. credit score | Min. down payment | |
|---|---|---|---|
 Visit Lenderat NBKC at NBKC | 620 | 3% | Visit Lenderat NBKC at NBKC |
 Visit Lenderat New American Funding at New American Funding | 580 | N/A | Visit Lenderat New American Funding at New American Funding |
 Visit Lenderat Rocket Mortgage, LLC at Rocket Mortgage, LLC | 580 | 3.5% | Visit Lenderat Rocket Mortgage, LLC at Rocket Mortgage, LLC |
 4.0 Visit Lenderat GO Mortgage at GO Mortgage | 620 | 3% | Visit Lenderat GO Mortgage at GO Mortgage |
 Visit Lenderat Veterans United at Veterans United | 620 | 0% | Visit Lenderat Veterans United at Veterans United |
Full Review
At a glance: Wells Fargo mortgage options
Wells Fargo is one of the largest banks in the nation and is based in San Francisco. Mortgages are available nationwide; however, the lender has actively shrunk its home loan business to focus on serving existing bank customers and minority communities.
Along with conventional mortgages and government-backed loans, Wells Fargo offers a 3% down payment mortgage for low-income borrowers called the “Dream. Plan. Home.” mortgage. Wells Fargo no longer offers home equity loans or lines of credit.
🏠 Common mortgages
Conventional loans (fixed-rate and adjustable)
Rate-and-term refinancing
Jumbo loans
FHA loans
VA loans
🔑 Specialty loans
• Dream. Plan. Home.
💵 Home equity
Cash-out refinancing
» MORE: How to choose a mortgage lender
Wells Fargo special offers and discounts
One thing that stood out in our research was Wells Fargo’s grant programs, as well as relationship discounts for existing customers.
Homebuyer Access Grant: $10,000 in down payment assistance for borrowers in eligible areas. Borrowers who earn up to 120% of the median area income may qualify.
Dream. Plan. Home. closing cost credit: Up to $5,000 for borrowers in eligible areas who earn no more than 80% of the area median income.
Relationship benefits: Existing Wells Fargo customers with $20,000 to $249,999 in financial assets can receive a closing cost credit worth up to $1,000. If you have at least $250,000 in financial assets with the bank, you can qualify for tiered mortgage rate discounts ranging from 0.125 to 1 percentage points.
What does Wells Fargo specialize in?
A lender’s experience with your loan type can make a big difference. We looked at recent federal data to find the types of mortgages Wells Fargo handles most often.
While conventional loans are the most common, Wells Fargo issues a good amount of jumbo loans, too. Among lenders surveyed by NerdWallet, Wells Fargo was in the top five for the percentage of mortgages that were jumbo loans in 2025.
Wells Fargo reputation and customer experience
NerdWallet’s star ratings look at objective factors like rates, fees and loan options. To give you a sense of what the borrower experience is really like, we pulled the latest customer satisfaction scores from J.D. Power and Zillow and we contacted the lender’s customer support.
2025 J.D. Power U.S. Mortgage Origination Satisfaction Study
759
out of 1,000
Slightly below-average satisfaction score: average = 760.
Mortgage origination is the process of getting a new home loan.
2025 J.D. Power U.S. Mortgage Servicing Satisfaction Study
606
out of 1,000
Average satisfaction score: average = 596.
A mortgage servicer handles loan payments.
Zillow Mortgage Lender Customer Rating
4.96
out of 5
Excellent rating as of the date of publication. Rating reflects more than 4,400 customer reviews.
Potential concerns about Wells Fargo
While Wells Fargo has not faced any major regulatory actions related to its mortgage products in the past year, previous litigation against the lender may give some borrowers pause.
Wells Fargo customer service options
Here’s how you can get in touch with Wells Fargo.
Ways to reach Wells Fargo
Physical branches . . . . . . ✅ Phone support . . . . . . . . . ✅ Mobile app . . . . . . . . . . . . ✅ Online chat (bot) . . . . . . . ✅ Online chat (human) . . . . 🚫
» MORE: How to apply for a mortgage
🤓 Our Nerds say... new customers should go in person
Taylor Getler, lead writer, mortgages
Wells Fargo has a highly-rated mobile app that includes a virtual chat bot feature for current customers. However, mortgage features don’t seem to be available.
While mortgages are available nationwide, in-person mortgage support is limited to branches in Alabama, Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Iowa, Maryland, Minnesota, Missouri, Nebraska, Nevada, New Jersey, New York, North Carolina, North Dakota, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Virginia, Washington, Wisconsin and Washington, D.C.
Borrowers can also get customer support over the phone, with special numbers listed online for military and home equity customers. However, these are geared primarily towards existing customers, and mortgage shoppers without a Wells Fargo account may be better off speaking to an employee in person.
When we called the lender, we had a bit of trouble connecting with an agent without having an existing account number. We eventually did speak with a representative who was able to answer our questions.
Alternatives to a Wells Fargo mortgage
Our biggest tip: Get offers from at least three different mortgage lenders. Comparison shopping can save you thousands of dollars. You can get rate quotes yourself, or work with a mortgage broker to shop around on your behalf.
If you like the idea of shopping with a large, well-known bank or you're seeking a jumbo loan, consider Bank of America.
Alternatively, borrowers looking for unique loans with low down payment requirements may want to check out Citi.
» MORE: Best jumbo loan lenders
More from NerdWallet
NerdWallet rates mortgage lenders based on what matters most to borrowers: rates and fees, product accessibility, customer experience, rate transparency and the range of loan options.
We review more than 40 lenders and score them using a weighted system that prioritizes affordability and a smooth borrowing experience. Lenders earn higher scores for offering lower borrowing costs, making loans widely available, clearly displaying rate information and supporting borrowers from application through closing.
We use a mix of lender-provided information, publicly available data and our own research and analysis to evaluate each lender. Recent regulatory actions may affect a lender’s score.
