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Wells Fargo Refinance Review

3.9/5 ratingBest for: In-person service

By the Wirly Editorial Team

Key Statistics

Total Originations

15,273

HMDA 2023

Avg Loan Amount

$0

National average

Denial Rate

0%

National average

States Active

1

With HMDA filings

At a Glance

Min Credit Score

620

Loan Types

Conventional, FHA, VA, Jumbo

Notable Features

  • Extensive branch network
  • Closing cost credits for existing customers
  • Dedicated mortgage consultants

HMDA Lending Data

Top states by refinance origination volume. Source: HMDA 2023

StateOriginations
CA15,273

Pros and Cons

Pros

  • +Large branch network for face-to-face support
  • +Closing cost assistance programs available
  • +Wide range of conventional and government loan products

Cons

  • -Online application experience lags behind digital-first lenders
  • -Past regulatory issues may concern some borrowers
  • -Rates may not be the most competitive for all profiles

Frequently Asked Questions

Is Wells Fargo good for refinancing?

Wells Fargo is rated 3.9/5 on Wirly and is best suited for borrowers looking for in-person service. They processed 15,273 refinance originations nationally in 2023, according to HMDA data.

What credit score do I need for Wells Fargo?

Wells Fargo requires a minimum credit score of 620 for mortgage refinancing. However, better rates are typically available for borrowers with scores of 740 or higher.

What loan types does Wells Fargo offer?

Wells Fargo offers Conventional, FHA, VA, Jumbo refinance loans. VA loans are available for eligible military members and veterans.

What is Wells Fargo's denial rate?

Wells Fargo's national refinance denial rate is 0%, based on 2023 HMDA data. Denial rates vary by state and borrower profile.

How does Wells Fargo handle complaints?

CFPB complaint data for Wells Fargo can be found on the Consumer Financial Protection Bureau's complaint database.

Ready to explore Wells Fargo?

Visit their site to check current rates, or use our tools to compare.

This review is for educational purposes only and does not constitute financial advice. HMDA data sourced from the CFPB. Complaint data from the CFPB Consumer Complaint Database. Wirly is not a lender or mortgage broker. See our methodology.