Wells Fargo Bank · District of Columbia · 2025

Wells Fargo Bank in District of Columbia: approval rate, denial rate and rates (2025)

Wells Fargo Bank took 240 mortgage applications in District of Columbia in 2025, ranking #16 of 473 lenders active in the state. It originated 54.2% of them and denied 17.1% (23.8% of the applications it decided), against a statewide denial rate of 18.1%.

240Applicationsin DC
23.8%Decision denial ratestate 23.7%
6.13%Median ratestate 6.50%
$475,000Median loanstate $405,000
$274MVolume1 counties

Wells Fargo Bank in District of Columbia vs the state

17.1%Denial rate-0.98 pts vs state
23.8%Decision denial rate+0.10 pts vs state
54.2%Origination rate-1.34 pts vs state
6.13%Median rate-0.38 pts vs state
-0.22Rate spread (pts)-0.27 pts vs state
$216kMedian applicant income
130Loans originated
41Denied

Trend in District of Columbia

YearApplicationsOriginatedDenial rateMedian rateRank in state
202342323021.8%5.19%#8
202421311519.7%6.38%#17
202524013017.1%6.13%#16

What Wells Fargo Bank lends in District of Columbia

By loan purpose

Home purchase 156 65% · 10.3% denied
Refinance 34 14% · 11.8% denied
Cash-out refinance 33 14% · 33.3% denied
Home improvement 8 3% · 75.0% denied
Other / HELOC 9 4% · 44.4% denied

By loan type

Conventional 235 98% · 16.2% denied
FHA 3 1% · 66.7% denied
VA 2 1% · 50.0% denied

Why it denied District of Columbia applicants

Debt-to-income ratio 19 46%
Collateral 11 27%
Other 5 12%
Credit history 3 7%
Insufficient cash 2 5%
Unverifiable information 1 2%

Where in District of Columbia

Counties with the most Wells Fargo Bank applications in 2025.

CountyApplicationsOriginatedDeniedDenial rate
District of Columbia 24013041 17.1%

Other large lenders in District of Columbia

LenderGradeApplicationsDenial rateMedian rate
Navy Federal Credit UnionD 78628.5%7.75%
Rocket MortgageC 67120.7%6.63%
Bank of AmericaF 54633.2%5.99%
First Savings MortgageA 5440.9%6.50%
Truist BankC 52941.2%6.25%
PNC BankD 46731.5%6.25%
JPMorgan Chase BankB 4597.6%6.38%
CitibankB 4179.6%6.00%
First Home MortgageB 3592.5%6.63%
NewrezD 35323.5%6.63%

Frequently asked questions

District of Columbia: 240 applications in 2025, of which 130 were originated and 41 denied.

17.1% of all applications, or 23.8% of the applications it actually decided on. The District of Columbia statewide average across all lenders was 18.1%.

The median rate on loans Wells Fargo Bank originated in District of Columbia in 2025 was 6.13%, against a statewide median of 6.50%.

About this data. Figures are Wells Fargo Bank's own HMDA filing for properties located in District of Columbia, 2025. The grade is national; state-level figures are shown for context and are not separately graded. Methodology