HUD lender profile
Wells Fargo Bank, N.A.: HUD multifamily lending record
HUD insured 42 multifamily loans with Wells Fargo Bank as lender in FY2022-FY2026, for $2.33 billion and 12,820 units. That is 3.6% of all HUD multifamily dollars in those years and #8 among lenders.
- HUD files it as WELLS FARGO BANK NA
- MAP On HUD's MAP lender list as of September 16, 2026
- Endorsement data run October 8, 2026
What the numbers say
In FY2026 it closed 2 HUD loans for $789 million, up 938% from FY2025 and ranking #7 among HUD multifamily lenders that year.
223(f) was its largest program at 51% of five-year dollars, followed by 223(a)(7) at 36%.
It lent in 14 states; Texas was the largest at 4% of dollars.
Its median loan was $16.0 million, close to the $14.3 million median for all HUD multifamily endorsements in the same years.
On 223(f) loans, the median time from firm commitment to initial endorsement was 86 days (22 loans), against 87 days for all lenders.
18 of its 42 loans (43%) carried low-income housing tax credits, against 32% across all HUD multifamily endorsements.
HUD volume by fiscal year
- 223(f)
- New construction / sub rehab
- Other programs
| FY | Loans | Dollars | 223(f) | NC/SR | Rank | |
|---|---|---|---|---|---|---|
| FY2026 | 2 | $789M | 2 | 0 | #7 | |
| FY2025 | 4 | $76.0M | 3 | 1 | #29 | |
| FY2024 | 4 | $46.3M | 1 | 3 | #37 | |
| FY2023 | 6 | $118M | 1 | 5 | #21 | |
| FY2022 | 26 | $1.30B | 15 | 5 | #6 | |
| FY2021 | 30 | $584M | 14 | 6 | #14 | |
| FY2020 | 17 | $319M | 9 | 6 | #15 | |
| FY2019 | 14 | $229M | 8 | 5 | #14 | |
| FY2018 | 45 | $901M | 23 | 22 | #5 | |
| FY2017 | 67 | $1.29B | 31 | 24 | #3 | |
| Since FY2006 | 942 | $14.33B | ||||
Program columns count loans. Rank is by dollars among all HUD multifamily lenders that fiscal year.
Program mix, FY2022-FY2026
| Program | Loans | Dollars | Median loan |
|---|---|---|---|
| 223(f) purchase or refinance | 22 | $1.18B | $15.7M |
| 223(a)(7) streamlined refinance | 5 | $828M | $16.3M |
| New construction or substantial rehab (221(d)(4), 220, 231, 213) | 14 | $274M | $14.5M |
| 241(a) supplemental loan | 1 | $41.2M | $41.2M |
Where it lends
| State | Loans | Dollars |
|---|---|---|
| Texas | 9 | $95.3M |
| Florida | 7 | $78.5M |
| North Carolina | 7 | $215M |
| New York | 4 | $1.64B |
| Colorado | 3 | $66.5M |
| South Carolina | 3 | $50.2M |
| Minnesota | 2 | $12.0M |
| Connecticut | 1 | $39.0M |
| Maryland | 1 | $30.4M |
| Illinois | 1 | $54.0M |
| Georgia | 1 | $9.2M |
| New Jersey | 1 | $4.2M |
Firm commitment to closing
Days from the firm commitment date HUD records to initial endorsement, for this lender's FY2022-FY2026 loans. This is the last stretch of a HUD deal, after underwriting is done; it is not the whole timeline from application.
- All its loans with both dates (42)
- 96 days median
- Middle half of its loans
- 77-145 days
- 223(f) (22 loans)
- 86 days
- NC/SR (14 loans)
- 147 days
- 223(a)(7) (5 loans)
- 83 days
- All lenders, FHA programs, FY2022-FY2026
- 91 days
Most recent HUD endorsements
| Endorsed | Property | Program | Loan |
|---|---|---|---|
| 2026-09-29 | Manhattan Plaza · NY | 223(f) | $750M |
| 2026-09-28 | The Beam · CT | 223(f) | $39.0M |
| 2025-09-11 | Amber Garden · FL | 223(f) | $7.2M |
| 2025-07-15 | Solera Apartments · CO | 223(f) | $20.5M |
| 2025-06-30 | Quail Roost Transit Village V · FL | NC/SR | $5.0M |
| 2024-12-04 | 4 Farms at Horse Pen Creek · NC | 223(f) | $43.3M |
| 2024-07-10 | The Junction · MD | NC/SR | $30.4M |
| 2024-03-26 | Brownsville Transit Village V · FL | NC/SR | $7.7M |
| 2023-12-12 | Rio Manor Apartments · TX | NC/SR | $3.5M |
| 2023-11-03 | The Argyle Park Square · CO | 223(f) | $4.8M |
| 2023-08-23 | Village at Greenwood · TX | 223(f) | $4.0M |
| 2023-07-19 | Northside Transit Village III · FL | NC/SR | $10.6M |
Largest loans, FY2022-FY2026
| Property | Program | Loan |
|---|---|---|
| Manhattan Plaza · NY | 223(f) | $750M |
| Co-Op City · NY | 223(a)(7) | $622M |
| Penn South Cooperative · NY | 223(a)(7) | $178M |
| Concord Court & Seaside Plaza Apartments · NY | 223(f) | $85.6M |
| South Shore Apartments · IL | NC/SR | $54.0M |
| Spinning Mill Lofts · NC | NC/SR | $44.7M |
| 4 Farms at Horse Pen Creek · NC | 223(f) | $43.3M |
| Railway Flats (phase Ii) · CO | 241(a) | $41.2M |
Its HUD servicing book today
HUD's active insured mortgage file (as of September 30, 2026) lists Wells Fargo Bank NA as servicer on 472 apartment loans with $5.08 billion of balance and 66,556 units. The median note rate on that book is 3.45%. 359 of the loans carry a rate under 4%. 9 mature within five years. HUD lists the same name as holder of 452 loans.
- 223(f)
- 201 loans
- 223(a)(7)
- 136 loans
- 221(d)(4)
- 119 loans
- Other
- 13 loans
- 241(a)
- 3 loans
Largest servicing states: Maryland (62), North Carolina (45), Minnesota (42), Arkansas (30), California (26), Texas (22).
Compare it with the rest of the market in the HUD lender league table, see what recent loans closed at on HUD rates, or read how the 223(f) and 221(d)(4) programs work.
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