Wells Fargo Bank Mortgage Rates, Fees & Info

5 stars - Updated: 7/7/25 - out of 5 stars, based on 193 reviews

Review & Overview

Wells Fargo Bank is a large bank specializing in Home Purchase and Refi loans. Wells Fargo Bank has a high proportion of conventional loans. They have a a low proportion of FHA loans. (This may mean they shy away from first time homebuyers.) They have a low ratio of USDA loans. Their top markets by origination volume include: New York, San Diego, San Francisco, Los Angeles, and San Jose among others. We have data for 832 markets. (Some data included below & more in-depth data is available with an active subscription.)

Wells Fargo Bank has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders. Wells Fargo Bank is typically a low fee lender. (We use the term "fees" to include things like closing costs and other costs incurred by borrowers-- whether they are paid out of pocket or rolled into the loan.) They typically have about average rates.

We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

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SimulatedRates™ Mortgage Type	Simulated Rate	Simulation Date
Home Equity Line of Credit (HELOC)	6.72%	7/7/25
30 Year Conventional Purchase	6.65%	7/7/25
30 Year Conventional Refi	6.21%	7/7/25
30 Year Cash-out Refi	7.07%	7/7/25
30 Year FHA Purchase	7.06%	7/7/25
30 Year FHA Refi	6.41%	7/7/25
30 Year VA Purchase	6.37%	7/7/25
30 Year VA Refi	5.54%	7/7/25
30 Year USDA Purchase	6.72%	7/7/25
15 Year Conventional Purchase	6.11%	7/7/25
15 Year Conventional Refi	5.84%	7/7/25
15 Year Cash-out Refi	5.84%	7/7/25
15 Year FHA Purchase	7.28%	7/7/25
15 Year FHA Refi	5.12%	7/7/25
15 Year VA Purchase	5.78%	7/7/25
15 Year VA Refi	5.45%	7/7/25
These are simulated rates generated by our proprietary machine learning models. These are not guaranteed by the bank. They are our estimates based on a lender's past behaviors combined with current market conditions. Contact an individual lender for their actual rates. Our models use fixed rate terms for conforming loans, 700+ FICO, 10% down for FHA and 20% for conventional. These are based on consensus, historical data-- not advertised promotional rates.

Wells Fargo Bank Mortgage Calculator

Originations

37,240

Origination Dollar Volume (All Markets)

$38,381,820,000

Awards