Plus compared to a prequalification it will give you a more accurate idea of your potential loan amount monthly payment and interest rate.
Wells fargo home loan requirements.
A preapproval from wells fargo shows sellers you re a serious and prepared buyer.
The minimum draw or amount that can be taken out at one time is 400 in most states.
Your minimum apr including discounts can t go below the 1 floor rate.
Official page for wells fargo home mortgage loans.
The minimum line of credit amount is 25 000.
There is no maximum but it will obviously be determined by your credit score and equity in your home.
Our home mortgage consultants can help you get started with a free consultation.
Currently the minimum heloc limit at wells fargo is 10 000 for a fixed rate and 25 000 minimum with a variable rate.