Wachovia

Introduction to Wachovia

Wachovia financial services are now a subsidiary of Wells Fargo. Wachovia was purchased by Wells Fargo in 2008 during the banking crisis. Wachovia first opened its doors for business in 1879. Over the next several years Wachovia continued to grow and expand. During this expansion, they acquired possession of the longest operating bank in America: The Bank of North America. The Bank of North America was the first chartered bank in the United States and began in 1781. It is still operational today and has become part of the Wells Fargo conglomerate. In 2008, Wachovia was acquired by Wells Fargo. Wells Fargo is one of the largest financial institutions in the country.

Wachovia Mortgage Rates

Wachovia financial has become a part of the Wells Fargo family. Because of this, any new mortgages that are granted are through Wells Fargo. When you visit wachovia.com and click on mortgages it will direct you to the Wells Fargo page (wellsfargo.com). Existing mortgages that were made through Wachovia prior to the buyout can still be maintained through Wachovia on their site unless they have already converted over to Wells Fargo. Wells Fargo will continue to convert the mortgages until they are all under the Wells Fargo name.

Wachovia/Wells Fargo mortgages are very competitive on the market. Currently, Wells Fargo offers a full line of mortgage products. Fixed rate, adjustable rate, interest only, jumbo and FHA backed mortgages are all available. Wells Fargo also has first time home buyer programs and programs for people with imperfect credit.

Wachovia Refinance Rates

Wachovia/Wells Fargo offers refinancing mortgages that are comparable to their conventional mortgages. To refinance, home owners will need to pass a credit screening, have their home appraised and be current on their mortgage. Refinancing with a cash out option or a debt repayment option is also available.

Wachovia Home Equity Loan Rates

Wachovia/Wells Fargo offers both a home equity line of credit (HELOC) and a closed end home equity loan. The lump sum loan is a second mortgage and will be for an amount that is comparable with your available equity. Interest rates are very low in comparison to private loans and are very competitive with other mortgage lenders. The HELOC option allows home owners to access their equity when needed. Much like a credit card, consumers can withdraw any amount, up to thei limit, when and if they need cash. Interest is charged only on the amount that is used, not on what is available.

Wachovia Information

The general headquarters for the Wachovia division is located at:

1525 West W.T. Harris Blvd.
Charlotte, North Carolina 28288

For 24 Hour Customer Service

800.922.4684

Consumers looking for a specific branch in their area can access this information by selecting “Brach Locator” on their website.

Visit on the web at: wachovia.com or wellsfargo.com