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Buying a house

You could be closer to getting a mortgage than you think.

Put as little as 3% down on your fixed-rate mortgage

Get prequalified
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The mortgage process: Simpler than you think

Step 1: Prequalify

Getting prequalified lets you know how much you can borrow, and lets sellers know you can back up your offer.

Get prequalified now

Step 2: Shop

Current Wells Fargo customers have exclusive access to a one-stop real estate shopping
tool. Start your home search now.

Start shopping

Step 3: Apply

Once you've found a home, it's time to submit a mortgage application and work with us to complete the final steps to becoming a homeowner.

Apply for a mortgage

What to know about low down payments:

With a low down payment, mortgage insurance will be required, which increases the cost of the loan and will increase your monthly payment. Talk with a home mortgage consultant about the loan amount, type of loan, property type, income, first-time homebuyer, and homebuyer education requirements to ensure eligibility.

FHA loans have the benefit of a low down payment, but consider all costs involved, including up-front and long-term mortgage insurance and all fees. Ask your home mortgage consultant to help you compare the overall costs of all your home financing options.

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Recommended reading

4 costs tied to making an offer

Budget for a few things that you’ll need to pay for between the time you place your offer on a home and your closing date.

Read the article >

Important documents for the homebuying process

This 11-item checklist will help you gather the documents you’ll need throughout your homebuying journey.

Read the article >

Quiz: Are you financially ready to buy a home?

These five questions may help you determine if you’re ready and what your next steps should be.

Read the article >

Explore the learning center

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Common homebuying questions

While many people think you can't buy a home without 20% down payment, many mortgage options allow for lower or even no down payment. A home mortgage consultant can help you determine what works best for your finances and what programs you may qualify for.

Closing costs typically include your down payment and a variety of fees, including an application fee, attorney fee, and origination fee. Those charges can vary from provider to provider and can depend on how your loan is set up.

If you're buying a home, it's highly recommended that you obtain a property inspection and make your purchase offer contingent on the findings of the inspection.

There is a difference between a property inspection and an appraisal. An appraisal is required by most mortgage lenders in order to support the value of the real estate and the terms of the mortgage agreement.

While many people think you can't buy a home without a 20% down payment, many mortgage options allow for lower or even no down payment. A home mortgage consultant can help you determine what works best for your finances and what programs you may qualify for.

More home loan FAQs

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Wells Fargo Home Mortgage is a division of Wells Fargo Bank, N.A.

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