Definition: Mortgage Wells Fargo is a mortgage lender in California, United States. It was created to provide financial assistance to low-income families with the goal of ending homelessness in their community. The loan program provides borrowers with up to $200,000 in principal-free, interest-only mortgages that can be purchased through Wells Fargo and its affiliated companies. Mortgage Wells Fargo is available to individuals who are currently unemployed or have recently lost employment, as well as those with low income and no savings. The program is designed to provide a safe haven for families and communities facing eviction or homelessness.