UWM Announces Home Purchase Incentive
Offering 75 Basis Points off 30-year fixed mortgages locked within 2% range
PONTIAC, MI, February 20, 2020 – United Wholesale Mortgage (UWM), the #1 wholesale mortgage lender, today announced an incentive for borrowers to save money on the purchase of a new home. Until April 30, 2020, borrowers who lock a conventional 30-year fixed mortgage within the 2% range will be offered 75 basis points.
“This will be the biggest purchase season we have seen in a decade and UWM wants to show brokers that we have their back to make it more important than ever for consumers to call them to secure their mortgage,” said Mat Ishbia, president and CEO of United Wholesale Mortgage. “Housing continues to be an important pillar of the American economy and we are doing our part to help it thrive. For example, on a home loan of $300,000 with a 700 FICO and 80% loan to value, the borrower could get up to $1,500 off of closing costs.”
Borrowers who want to take advantage of this incentive can only do so by working with a local independent mortgage broker and can find one at www.FindAMortgageBroker.com.
“We are committed to helping independent mortgage brokers grow their business with the best tools, support and overall experience available,” said Ishbia. “This incentive is just another example of our commitment.”