Update to Wells Fargo's No Closing Cost Mortgage

Folks, I called Wells Fargo tonight because mortgage interest rates have fallen again and just wanted to see what the rate on the no closing cost option was, because after all, I can seeing as how I have no skin in the game in regards to closing costs, and I was told that Wells Fargo did away with their no closing cost mortgage program, the internal program they used to offer.

The only available option left for a no closing cost mortgage through Wells Fargo is the "Home Affordable Refinance" program that was instituted to help out underwater home owners. This program appears to be tied to the federal government and is one of the many programs they have going trying to help out home owners. This does not appear to be a mortgage modification program, but instead a straight up refinance program, but you don't have to pay any closing costs for this program. To determine if you qualify for this program, visit the eligibility questionnaire to see if you qualify.

While I am disappointed that this program is no longer available via Wells Fargo, there are other lenders out there that offer similar programs, like the option offered from Fremont Bank and other banking institutions. My goal with this website is to find those lending institutions and highlight the program highlights so that people can easily find lenders that offer these programs. If you know of a program, let me know so we can spread the word.

UPDATE: After further 'investigation' on my part, it appears that the program is still alive and well. They have just tightened the requirements to qualify for this program. You just need to call them and find out what those requirements are and see if you qualify.