Home buyers are finding it easier to find attractive mortgage programs with direct lenders like Wells Fargo Home Mortgage, where the lenders "best" programs are kept in-house instead of being offered to mortgage brokers to resell.

Wells Fargo Home Mortgage in the Santa Clarita area has worked wonders in the past for buyers who have been rejected by other lenders and mortgage brokers. Their most recent "save" was a buyer whose mortage broker bailed out a week into escrow, saying that he couldn't find them a loan after all. Wells Fargo had the buyers rate-locked within 36 hours in a better loan program than they had with the mortgage broker.

Buying a Home with Little or No Cash

Wells Fargo's offerings include buying a home with little or no cash, with the following options:

• Home Opportunities^SM
  • For homebuyers with high debt ratios and little savings and/or non-traditional credit histories
  • Flexible income, credit and debt guidelines
  • Little or no down payment required
  • Incentives for public employees
• 3% Solution^® Program
  • For homebuyers with strong incomes, but not much savings
  • Flexible qualifying guidelines
  • Option to use gift funds for the down payment
  • Low 3% down payment
• Closing Cost$aver^® Program
  • For homeowners with high debt ratios or little equity
  • Little or no out-of-pocket closing costs