What loan types does Wells Fargo Bank offer?

Wells Fargo Bank offers the following mortgage loan types: FHA, Conventional, VA, Jumbo. Each product has its own pricing score and performance metrics.

Where does Wells Fargo Bank offer mortgages?

Wells Fargo Bank is a national lender offering mortgages in all 50 states plus Washington D.C.

How competitive are Wells Fargo Bank's mortgage rates?

Wells Fargo Bank has an overall pricing score of 62.8/100, based on analysis of their loan data including average spread and fees compared to market benchmarks.

What type of lender is Wells Fargo Bank?

Wells Fargo Bank is a Bank headquartered in Sioux Falls, SD.

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Wells Fargo Bank

Bank•Sioux Falls, SDHQ•Direct•Reviews near you on Google

Wells Fargo Bank's 34.1k closed loans and 69k applications, benchmarked against peer lenders across the 5 Ps of Mortgage Shopping.

Ratings· each scored 1–5 against peer lenders

Pricing

Strong

4/5

vs. all lenders

Pull-through

Sound

3/5

closing strength

Product

Exceptional

5/5

FHA · Conventional · VA · Jumbo

Place

Strong

4/5

National · 49 mkts

Awards

Jumbo

Champion

Conventional

Superstar

Purchase

Superstar

Refinance

Superstar

Summary

What They Do Well

Offers rates 1.70 basis points below market average
Lower than average lender fees
High volume lender with significant market experience
Particularly strong in Conventional and FHA and VA and Jumbo loans
Nationwide availability with consistent service

Explore another lender or local market

Report Card

Wells Fargo Bank performance at a glance

Overall Performance· Pricing & closing strength

Pricing

Rate competitiveness

Strong

Rates 1.7 bps below market avg

Pull Through

Closing strength

Sound

Top 60% of lenders

By Loan Product· Specialization by type

Conventional

Exceptional

Top 10% of lenders

FHA

Strong

Top 40% of lenders

Exceptional

Top 20% of lenders

Jumbo

Exceptional

Top 5% of lenders

By Loan Purpose· Transaction purpose mix

Purchase

Exceptional

Top 10% of lenders

Refinance

Exceptional

Top 10% of lenders

By Location· Geographic coverage

Geographic Reach

National · 50 markets

Strong

Top 40% of lenders

Loan Product Performance

Performance by Loan Product

Loan Type	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Conventional	Strong	Exceptional	Strong	Sound	27,482	80.6%	+0.052%Above	$1,963Fees
FHA Loans	Sound	Strong	Sound	Sound	681	2.0%	+0.424%Above	$2,831Fees
VA Loans	Strong	Exceptional	Sound	Sound	632	1.9%	-0.326%Below	$1,751Fees
Jumbo Loans	Exceptional	Exceptional	Exceptional	Strong	5,284	15.5%	-0.404%Below	$86Credit

Conventional

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Sound

Volume27,482

Mix80.6%

Spread

+0.052%Above

Fees

$1,963Fees

FHA Loans

Overall

Sound

Product

Strong

Pricing

Sound

Pull Through

Sound

Volume681

Mix2.0%

Spread

+0.424%Above

Fees

$2,831Fees

VA Loans

Overall

Strong

Product

Exceptional

Pricing

Sound

Pull Through

Sound

Volume632

Mix1.9%

Spread

-0.326%Below

Fees

$1,751Fees

Jumbo Loans

Overall

Exceptional

Product

Exceptional

Pricing

Exceptional

Pull Through

Strong

Volume5,284

Mix15.5%

Spread

-0.404%Below

Fees

$86Credit

Loan Purpose Performance

Performance by Loan Purpose

Purpose	Overall	Product	Pricing	Pull Through	Volume	Mix	Spread	Fees
Purchase	Strong	Exceptional	Strong	Sound	24,311	71.3%	-0.033%Below	$1,603Fees
Refinance	Strong	Exceptional	Strong	Sound	9,768	28.7%	+0.024%Above	$1,805Fees

Purchase

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Sound

Volume24,311

Mix71.3%

Spread

-0.033%Below

Fees

$1,603Fees

Refinance

Overall

Strong

Product

Exceptional

Pricing

Strong

Pull Through

Sound

Volume9,768

Mix28.7%

Spread

+0.024%Above

Fees

$1,805Fees

At a Glance

Lender Overview

Lending Activity

Loans Originated

34,079

Applications

69,374

Volume

$18 billion

Pricing & Closing

Avg Rate Spread

-0.017%

vs. market APOR

Avg Net Fees

$1,660

Origination − Credits

Pullthrough Rate

49.1%

Applications → Closed

Typical Borrower

Avg Loan Amount

$535,523

Avg Borrower Income

$247,796

Avg Property Value

$839,480

Geographic Coverage

Geographic Performance

Metro Areas

markets with activity

States Served

Includes Washington, DC

Avg Place Specialization

Strong

4/5

States with Loan Originations

51Nationwide · all 50 states and DC

Northeast9

CTMEMANHNJNYPARIVT

Midwest12

IAILINKSMIMNMONDNEOHSDWI

South17

ALARDCDEFLGAKYLAMDMSNCOKSCTNTXVAWV

West13

AKAZCACOHIIDMTNMNVORUTWAWY

Top Metro Areas by Place Specialization Score

1© Basil D Soufi · CC BY-SA 4.0

San Francisco, CAMetro

Volume 750Mix 2.20% of portfolio

100/100

Exceptional

2© Sanfranman59 · CC BY-SA 3.0

San Rafael, CAMetro

Volume 200Mix 0.59% of portfolio

100/100

Exceptional

3© Ben Loomis · CC BY 2.0

San Jose, CAMetro

Volume 1,400Mix 4.11% of portfolio

99/100

Exceptional

4© Basil D Soufi · CC BY-SA 3.0

Oakland, CAMetro

Volume 941Mix 2.76% of portfolio

92/100

Exceptional

New York, NY-NJMetro

Volume 1,942Mix 5.70% of portfolio

92/100

Exceptional

Charlotte, NC-SCMetro

Volume 935Mix 2.74% of portfolio

87/100

Exceptional

Seattle, WAMetro

Volume 675Mix 1.98% of portfolio

86/100

Exceptional

Newark, NJMetro

Volume 401Mix 1.18% of portfolio

84/100

Exceptional

Lakewood, NJMetro

Volume 482Mix 1.41% of portfolio

83/100

Exceptional

Los Angeles, CAMetro

Volume 878Mix 2.58% of portfolio

83/100

Exceptional

Showing 10 of 49 metro areas

Top States by Place Specialization Score

CaliforniaState

Volume 6,267Mix 18.39% of portfolio

89/100

Exceptional

New YorkState

Volume 2,546Mix 7.47% of portfolio

88/100

Exceptional

New JerseyState

Volume 1,556Mix 4.57% of portfolio

88/100

Exceptional

WashingtonState

Volume 1,126Mix 3.30% of portfolio

84/100

Exceptional

VirginiaState

Volume 1,109Mix 3.25% of portfolio

83/100

Exceptional

PennsylvaniaState

Volume 1,350Mix 3.96% of portfolio

83/100

Exceptional

North CarolinaState

Volume 2,164Mix 6.35% of portfolio

82/100

Exceptional

MinnesotaState

Volume 1,187Mix 3.48% of portfolio

82/100

Exceptional

South CarolinaState

Volume 811Mix 2.38% of portfolio

82/100

Exceptional

GeorgiaState

Volume 1,450Mix 4.25% of portfolio

82/100

Exceptional

Showing 10 of 51 states

How We Rank Lenders

Our rankings use an equal-weight average of scores across our core categories (Pricing, Product, Pull-Through, Place), with lender promptness blended in when a lender has responded to real shopper quote requests.

Our Point System (Max 30 Points)

10/ 30 pts

Pricing

Rate and fee competitiveness (33%)

10/ 30 pts

Pull Through

Reliability in closing loans (33%)

10/ 30 pts

Product

Specialization in the loan type (33%)

💎

Champion(80%+ = 24-30 points)

⭐

Superstar(60-79% = 18-23 points)

Data Integrity & Updates

Data is updated quarterly based on the latest HMDA filings and proprietary SafeRate analysis. All metrics are calculated using standardized methodologies to ensure fair comparison across lenders.

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The 5 PsRankings are calculated from observed lender differences on closed loans across Pricing, Pull-through, Product, and Place, plus Promptness when a lender has answered real shopper quote requests.

No Pay to PlayLenders cannot buy their way to the top. Rankings are 100% earned.

HMDA 2024Built using publicly available originated loan data from the federal government.

Peer BenchmarkedPerformance is normalized and benchmarked against peer institutions.