A home mortgage consultant can discuss loan amount loan type property type and homebuyer education to determine eligibility.
Wells fargo 500 credit score home loan.
Wells fargo is displaying your fico score for educational purposes and as a benefit to support your awareness and understanding of fico credit scores and how they may influence the credit that s available to you.
Thus some non qm loans can be found with credit scores as low as 500.
Going forward the bank is accepting fha loan applications from borrowers with credit scores as low as 500 though they must come up with a 10 percent down payment and sport a maximum debt to income ratio of 31 percent.
Wells fargo is not only a mega bank but also a mega mortgage lender.
Lenders use different factors to determine your ability to repay including your monthly income and financial obligations like loan payments rent and other bills.
Whether a first time home buyer or not this program is available as an option to apply for.
Wells fargo home mortgage review for 2020.