There is no maximum but it will obviously be determined by your credit score and equity in your home.
Wells fargo home loan requirements.
Your variable rate won t increase more than 2 per year based on your anniversary date and will never be more than 7 higher than where you started maximum of 18.
Our home mortgage consultants can help you get started with a free consultation.
Plus compared to a prequalification it will give you a more accurate idea of your potential loan amount monthly payment and interest rate.
The program allows those without large down payments and who have poor to fair credit scores a chance at qualifying for a conventional mortgage.
Official page for wells fargo home mortgage loans.
The minimum line of credit amount is 25 000.
For a wells fargo mortgage you ll need a minimum credit score of 600 with a down payment of 3 or more to qualify for a conventional loan under the yourfirst mortgage program.
The minimum draw or amount that can be taken out at one time is 400 in most states.