RecastWise

Wells Fargo Mortgage Recast: Fee, Minimum & How to Request

Last verified July 2026 · From the lender's educational pages (not a formal fee schedule)

Offers recastingYes, on eligible loans
Reported feeReported fee-free on Wells Fargo educational content (some older borrower reports mention ~$200) — treat as $0, not a formally published fee.
Reported minimum$20,000 minimum principal payment cited on Wells Fargo's own learn page — higher than most peers.

These figures are reported for planning and can change at any time. Wells Fargo's written recast agreement is what binds — confirm the current fee, minimum, seasoning, and your loan's eligibility with Wells Fargo before sending any payment.

What to know about a Wells Fargo recast

Conventional loans; recalculates principal & interest over the remaining term at the same rate. Government loans not eligible. Process about 4–6 weeks.

Is your loan eligible?

  • Conventional (Fannie Mae / Freddie Mac) loans are usually eligible, subject to your servicer and investor.
  • FHA, VA and USDA government loans generally cannot be recast (re-amortization only happens inside a loss-mitigation modification, which is a different process).
  • Jumbo and portfolio loans vary case by case — only the servicer/investor can confirm.
  • Interest-only loans, Option ARMs and commercial loans are typically ineligible.

How to request a recast

  1. Confirm your loan is current and past any seasoning period (often 2–6 on-time payments).
  2. Contact Wells Fargo and ask for their recast/re-amortization form — most servicers require the request before or with the lump sum, so an unsolicited principal payment won't automatically recast the loan.
  3. Make the qualifying lump-sum payment and pay any recast fee as directed.
  4. Allow roughly 30–60 days for the new, lower payment to take effect.

See your new payment

Estimate exactly how much a lump sum would lower your payment — and whether recasting, extra principal, or refinancing costs least — in the recast calculator. New to recasting? Start with what is a mortgage recast, or compare other servicers on the lender policies page.

Frequently asked questions

Does Wells Fargo offer mortgage recasting?

Yes — Wells Fargo is reported to offer recasting on eligible loans. Conventional loans; recalculates principal & interest over the remaining term at the same rate. Government loans not eligible. Process about 4–6 weeks.

How much does a Wells Fargo recast cost?

Reported fee-free on Wells Fargo educational content (some older borrower reports mention ~$200) — treat as $0, not a formally published fee. (From the lender's educational pages (not a formal fee schedule).) Recast fees industry-wide are commonly $150–$500, and a few large banks are reported fee-free. Confirm the current fee directly with Wells Fargo.

What is the minimum lump sum for a Wells Fargo recast?

$20,000 minimum principal payment cited on Wells Fargo's own learn page — higher than most peers. Minimums industry-wide are usually $5,000–$10,000, sometimes about 10% of the balance. Confirm with your servicer.