There is no maximum but it will obviously be determined by your credit score and equity in your home.
Wells fargo home loan requirements.
The program allows those without large down payments and who have poor to fair credit scores a chance at qualifying for a conventional mortgage.
Currently the minimum heloc limit at wells fargo is 10 000 for a fixed rate and 25 000 minimum with a variable rate.
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.
Your minimum apr including discounts can t go below the 1 floor rate.
A preapproval from wells fargo shows sellers you re a serious and prepared buyer.
The minimum line of credit amount is 25 000.