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Guide to Wells Fargo's Mortgage Assistance Application

 

Wells Fargo provides a Mortgage Assistance Application form to help homeowners who are struggling to make their mortgage payments. 

 

 

The form is designed to help Wells Fargo understand your financial situation and determine if you qualify for assistance.

 

Wells Fargo's Mortgage Assistance Application

 

 

Wells Fargo Mortgage Assistance Eligibility Criteria:

The eligibility criteria for mortgage assistance from Wells Fargo are not explicitly stated on their website. 

 

 

However, according to the Home buyer Access program, the total qualifying income of all borrowers must be less than or equal to 120% of the area median income in the county where the subject property is located. 

 

 

Additionally, the borrower must occupy the subject property they are purchasing as their primary residence.

 

 

Below Are Step-by-Step Guide to Filling out the Form:

Download the Mortgage Assistance Application form from the Wells Fargo website.

 

 

Fill out the form completely and accurately. Be sure to include all required information, such as your personal details, co-borrower information, and property details.

 

 

Provide information about your hardship and verify your previous loan modification applications, monthly household expenses, and debt. Submit the completed form along with the required documentation to Wells Fargo via mail, fax, or online.

 

Step

Action

1

Check eligibility

2

Gather documents

3

Complete the application

4

Submit the application

5

Follow up

 

 

Check eligibility:

You must be experiencing a financial hardship that is making it difficult to pay your mortgage.Your mortgage must be serviced by Wells Fargo.

 

 

Your mortgage must be either guaranteed by the Federal Housing Administration (FHA), the U.S. Department of Agriculture (USDA), or Veterans Administration (VA), or owned directly by Wells Fargo or other private investors.

 

 

Gather documents:

Proof of income: Recent pay stubs, bank statements, or tax returns.

 

Proof of hardship: Documentation of the event or situation that caused your financial hardship, such as a job loss, medical emergency, or divorce.

 

Proof of expenses: Recent bills, receipts, or bank statements for your monthly expenses.

 

 

Complete the application:

Provide accurate and complete information about your household, income, expenses, and hardship.

 

Attach copies of all required documents to the application.

 

Submit the application:

 

You can submit your application online, by mail, or in person at a Wells Fargo branch.

 

Make sure to submit all required documents with your application.

 

You can check the status of your application online or by calling Wells Fargo.

 

You will be notified of the decision on your application within 30 days of submitting it.

 

 

Frequently Asked Questions:

What is the Mortgage Assistance Application form?

The Mortgage Assistance Application form is a document provided by Wells Fargo to help homeowners who are struggling to make their mortgage payments. 

 

 

The form is designed to help Wells Fargo understand your financial situation and determine if you qualify for assistance.

 

 

How do I fill out the Mortgage Assistance Application form?

To fill out the Mortgage Assistance Application form, download the form from the Wells Fargo website and fill it out completely and accurately. 

 

 

Be sure to include all required information, such as your personal details, co-borrower information, and property details.

 

 

Provide information about your hardship and verify your previous loan modification applications, monthly household expenses, and debt. 

 

 

Submit the completed form along with the required documentation to Wells Fargo via mail, fax, or online.

 

 

What should I do if I need help filling out the Mortgage Assistance Application form?

If you need help filling out the Mortgage Assistance Application form, please contact Wells Fargo at 1-800-416-1472. They will be able to provide you with assistance and answer any questions you may have.

Guide to Wells Fargo's Mortgage Assistance Application Reviewed by US Top Bank on December 04, 2023 Rating: 5

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