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Wells Fargo Will Only Give You a Jumbo Loan If You Have $250k in Their Bank

April 7, 2020 Loans & Finance

In yet another sign that the mortgage market is completely volatile and far from liquid, top mortgage lender Wells Fargo has severely tightened its jumbo loan guidelines. Going forward, the San Francisco-based bank now requires customers to have $250,000 in liquid assets in a Wells account in order to get approved for a jumbo home [&hellip