Wells Fargo is one of the premiere home mortgage companies in the United States and considers itself a specialist in offering solutions to every kind of home loan situation. Indeed, it has plans for home buyers who need a bad credit home loan. If you count sixteen houses on a suburban block, at least one of them will have been financed by Wells Fargo.
Wells Fargo Range of Operations
It offers a variety of financial instruments to its clients including, some with rather esoteric names: The Jumbo Mortgage. The Reverse Mortgage. The Adjustable Rate Mortgage. It is the most visible lender financing newly constructed houses in the U.S. It will even go out of its way to structure a home loan program suited directly to the individual home buyer. If you are an employee of a Fortune 100 company, chances are your relocation (and your new housing) with your company was handled by a Wells Fargo representative.
Wells Fargo Home Loan Services
Wells Fargo has earned its reputation by providing some of the best financial instruments for its clientele, especially in the mortgage markets. Its services are fast and reliable, they are solutions oriented, and the application process is free of bureaucratic dead ends that slows down other mortgage servicers. Some of its competitively priced home loan products include:
– New Construction F
– Home Equity Loans
– First Time Buyers Program
– Timed Withdrawals (Cued to Repayment Cycles)
Wells Fargo Bad Credit Home Loan Services
Wells Fargo is aware that these troubled times have caused more than a few folks to take some hits on their credit histories. If a consumer with poor credit was to shop around, he or she would find that Wells Fargo has the most opportunities to offer such borrowers. And the consumer would also find that the prices or the interest rates on their products are competitively, and often lower, priced than other bad credit home loan mortgage servicers. Among its many programs you will find:
– Closing Guarantees
Wells Fargo organizes closing guarantee loan plans that go far in easing uncertainties in the purchase of housing real estate for borrowers with poor credit histories.
– Credit Counseling
Credit management programs are conducted for customers with a not so impressive credit history to help them boost their scores and thereby get a better home loan deal.
– Loan Counseling
A great service for first time home buyers, Wells Fargo functions with a commitment to provide responsible servicing to customers by offering a step by step guidance through loan processing. This could be called hand-holding, but it is a definite plus for first time buyers who also have poor credit.
Wells Fargo Expands
To expand its base and thereby increase the services and benefits offered to its clientele, Wells Fargo bought a leading mortgage giant, Wachovia Corporation. The deal was approved by the federal government and was signed during the second week of October 2008. With this merger, Wells Fargo emerges as one of the leading top mortgage companies with the best customer services and policies, and a commitment to offer the best bad credit mortgage solutions to meet the rising and increasingly complex financial requirements of its customers.