In addition to custom home loans such as fixed-rate mortgages and adjustable-rate mortgages, Wells Fargo Home Mortgage offers specialized loan programs for home buyers that have specific needs not met by the traditional loans.

The Interest-Only Program allows you to make low monthly payments paying interest only for the first five to seven years, and then paying an adjustable rate for the remainder of the loan, according to the market or index fluctuations. This is offered with a 5/1 or 7/1 adjustable-rate loan, and is for people wanting to pay less at first or those who are planning on moving or refinancing in the near future.

Jumbo loans are loans that exceed the Fannie Mae and Freddie Mac loan limits, set at $333,700. These are also called non-conforming loans and tend to cost higher interest on an ongoing basis. These loans are usually for home buyers who purchase high priced real estate or those who can afford an expensive home and want to gain more home equity.

The Blended Jumbo Loan combines a first and second mortgage, giving you a fixed-rate for the first and an adjustable-rate for the second. You will receive lower monthly payments than with the jumbo loan itself, yet you will be paying the same amount.

This is ideal for home buyers who like the jumbo loan concept but want lower monthly payments. The one possible disadvantage is that once the second loan is adjustable, the potential market increase could cause much higher costs than with the jumbo loan.

If you are a home buyer who has perfect credit or are proven trustworthy from your home ownership history, you may want to consider the Wells Fargo Mortgage Express Program that reduces the administrative hassles of processing your loan application, payments and other paperwork.

You are not required to show proof of your credit or income since you have already proven you have strong credit, and will simply have your income and assets stated for you without the extra hoopla. This is available to first mortgages or refinances, as well as building loans, for single-family, owner-occupied homes with adjustable-rate and fixed-rate options. This is only for those with good credit and/or self-employed buyers with proven ability to pay off loans.

Wells Fargo offers a number of other specialized loans such as the bridge Loan, First and Second Mortgage Combination (like the Blended Jumbo Loan), Lender-Paid Mortgage Insurance and the Relocation Mortgage Program.

To find out more about any of these loans simply contact your nearest Wells Fargo branch. Not only will you have a wide selection of loans to fit your particular needs and circumstances, but you can receive special documentation options in the event that the common processing does not apply to you.