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Does anyone know how much of a down payment Wells fargo Bank want out of their bank-owned properties?

I live in California so I was wondering how much like 10% or 5% down payment. I really like this house and it is owned by Wells Fargo but before i put in an offer i'd like to know how much of a down payment they want. Thanks for your time.

Public Comments

  1. Wells Fargo doesn’t give a rat’s tail about your down payment unless they’re providing the financing. If you plan to secure financing with them, you should apply for a loan BEFORE submitting an offer (offers are normally accompanied by a pre-approval letter), and they’ll tell you what kind of down payment is expected. Otherwise, the only party who cares about your down payment is your lender.
  2. Well they really don't care about your down payment, but what they will care about is your deposit. Banks generally look for a 3-5% deposit on their properties. Once you close they could care less if it goes to a down payment, or back in your pocket.
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