Home Mortgage Loans

You want Fast, Friendly Service that you can understand - You have come to the right place!

Wells Federal offers a variety of Home Mortgage loan programs to meet your needs. We have a full line of products available.

MHFA - Designed for First Time Home Buyers. Low Fixed Rates and minimum down payment requirements. Income must qualify.

Rural Housing - This program offers a competitive low interest rate and no down payment if your income qualifies you.

Conventional Fixed Rate programs have competitive low rates and down payment requirements that vary generally from 5% to whatever you have. Wells Federal services these loans.

Adjustable Loan programs feature the use of a cost of funds index with a 1% annual maximum change and 5% lifetime cap. This index is more stable than many on the market.

FHA mortgage loans are also available. They feature minimal down payment.

Construction/Permanent Financing is available. This features one-time loan closing costs with competitive rates and easy to work with.

*There are many variations to the above programs to help match your specific needs. Please visit with one of our loan officers to see which program will best meet your needs. You can contact them through this site or call one of them at one of our 8 Southern Minnesota offices.

NOTICE: The loan services are only available throughout the bank's regular service area. Contact the bank for specific information regarding this service area.