What is Wells Fargo's FHA denial rate in 2025?

Wells Fargo's 2025 FHA denial rate is 47.2% in FRC's federal HMDA panel — ranked #10 of the 100 largest FHA lenders (lowest = #1). In 2018 it was 46.5%.

Is Wells Fargo strict on FHA loans?

Denial rates partly reflect who applies, not only strictness. Wells Fargo's rate has tightened +0.7pp since 2018. Overlays are lawful business decisions; this is a historical data observation, not a recommendation.

Is it hard to get approved with Wells Fargo?

In 2025 Wells Fargo denied 48.6% of the FHA mortgage applications it decided, approving 51.4%, across 2,525 applications. The median denial rate across the 100 largest FHA lenders was 13.8%, so its record is harder than most. A denial rate reflects who applies there as well as how the lender underwrites, and it does not predict the outcome of any individual application.

What is Wells Fargo's mortgage approval rate?

51.4% of FHA applications that reached a credit decision at Wells Fargo in 2025 were approved, computed from the complete CFPB HMDA record (originated plus approved-but-not-accepted, over all decisioned applications).

Why was my mortgage denied by Wells Fargo?

The lender must give you the specific reasons in writing within 30 days under federal law. Denial reasons are distributed very differently between institutions, so the reason on your letter is worth comparing against that lender's own pattern and against its peers. A denial at one lender does not mean the same file would be denied elsewhere: in 2025 denial rates across the 100 largest FHA lenders ranged from 1.8% to 78.7%.

Wells Fargo FHA Denial Rate (2025): the behavioral file

Direct answer · updated 2026-07-16

Wells Fargo denied 47.2% of its FHA applications in 2025 — rank #10 of the 100 largest FHA lenders (1 = lowest denial), from CFPB HMDA loan-level records (1,187,606 decisioned FHA applications in 2025).

Cell-level decision surfaces are not published for Wells Fargo: its coordinate cells fall below our n≥50 minimum, so we report the annual rate rather than estimate one. Compare all 11 →

Denial rates reflect applicant mix as well as underwriting strictness; overlays are lawful business decisions. Cells with n<50 excluded. Methodology

2025 FHA denial rate

47.2%

#10 of the 100 largest FHA lenders · tightened +0.7pp since 2018

2018 rate

46.5%

Shock Beta

26/100

Macro sensitivity (OFI)

62.8

Shock profile: moderate sensitivity. What Shock Beta means →

Statistical relatives

Underwriting twins (similar decision patterns): loanDepot (90/100), NewRez (81/100). Behavioral opposites: Rocket (59/100), Guild (41/100). If Wells Fargo declined a file, its twins are statistically likely to read it the same way — the opposites are a different conversation. Full similarity engine →

What to do with this file

Does YOUR profile fit this door? Free routing → Denied by Wells Fargo? Run the Verdict — free → Compare the 11 deep-file lenders — or all 100 →

Source: CFPB HMDA loan-level records, 2018–2025, FRC 11-lender panel; methodology at financeratecalc.com/methodology. Denial rates partly reflect applicant mix. Historical data observation; overlays are lawful; not a recommendation to use or avoid any lender; not financial, legal, or mortgage advice. FRC Research.