Wells Fargo Home Mortgage is going to make yet another change to their credit policy. It will be officially announced later this week or early next, but we want you to have this information so you would have an opportunity to get those loans in before the change takes place.
Wells Fargo Home Mortgage is going to be steering away from 100% financing totally. Thats correct. You’ll see this from other lenders as well, however in approximately one week, Wells will no longer offer 100% financing on any of our products. The new limit will be 95%. This is simply a further effort to remain in the game where others mortgage lenders have not been able to do. There will still be a window for that Subprime borrower, but it’s getting smaller, there’s not doubt about that.
So if you need a 100% loan you REALLY need to move on it quickly.
| Learn more about an 100% Mortgage Here |
Tags: 100 percent mortgage, Wells Fargo Home Mortgage
