Last Updated: 01/06/2026
Wells Fargo Mortgage Refinance
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in Mortgage Refinance from Wells Fargo Bank
Last Updated: 01/06/2026
SuperMoney User Recommendation Score +60
Strongly recommended10 total votes
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Highlights
Community Rating
Strongly recommended
Credit Score Range
Starting at 550
Amount Range
N/A
Loan Term (Years)
15 - 30
Number of Reviews
Wells Fargo Mortgage Refinance Review
Wells Fargo Mortgage Refinance is offered by Wells Fargo Bank (NMLS #399801), a bank founded in 1852 and based in San Francisco, CA. Wells Fargo are available in 50 states and Washington, DC.
Key Takeaways
- Origination fees of 2% to 5%. This is on the high end for lenders on SuperMoney's database.
- Wide selection of mortgage programs offered. Wells Fargo Mortgage Refinance refinances FHA, VA, jumbo, conforming, and conventional mortgages.
- Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
- Non-standard interest rates available. Wells Fargo Mortgage Refinance offers adjustable-rate mortgages, hybrid mortgages, and fixed-rate mortgages.
- Considers personal use and investment properties. Refinancing available for primary residences, secondary homes (e.g. vacation properties), and even investment homes such as rentals.
- Poor credit accepted. Even if you have bad or poor credit, you can apply. Borrowers with a credit score as low as 550 are considered.
Wells Fargo Mortgage Refinance Pros & Cons
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Wells Fargo Mortgage Refinance FAQ
What is the maximum loan term for a mortgage refinance via Wells Fargo?
The term of a mortgage refinance will impact the cost of your monthly payments. Longer terms will typically reduce your monthly payments but it will also increase the interest you pay. Wells Fargo Mortgage Refinance offers mortgage refinancing with terms ranging from 15 to 30 years.
How long does Wells Fargo take to refinance?
Wells Fargo does not provide details on the average time to close a refinance. However, it typically takes 30 to 45 days to complete a refinance. Of course, a lot depends on the market, the lender, and how long appraisals and inspections take.Does Wells Fargo charge a mortgage origination fee?
Yes, Wells Fargo Mortgage Refinance will charge a loan origination fee of 2% to 5% of the loan amount .
Does Wells Fargo charge prepayment fees?
No, Wells Fargo Mortgage Refinance does not charge prepayment fees. This means you will not have to pay additional fees if you decide to repay the mortgage early.
What mortgage programs does Wells Fargo offer?
Wells Fargo Mortgage Refinance offers the following mortgage types:
- Conventional mortgages: This includes any mortgage that is not insured or guaranteed by the federal government.
- FHA: Mortgages insured by the FHA, which usually have less stringent eligibility requirements, but borrowers must pay a mortgage insurance premium. Co-applicants are allowed and you can qualify for a down payment as low as 3%.
- Jumbo: Any mortgage with a loan amount above the conforming loan limits set by Fannie Mae and Freddie Mac. As of 2018, the jumbo threshold is $453,100 in most of the United States.
- VA: A zero down payment mortgage or a refinance of up to 120% of the home's value for American military members, veterans, and their spouses.
What property usage types does Wells Fargo allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Wells Fargo Mortgage Refinance allows the following property usage types:
- Primary home
- Secondary homes and vacation properties
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