UWM Ignites Purchase Season with Interest Rates as Low as 2.5% on 30-Year Fixed Mortgages
New program, Conquest, developed to kick off home buying season, only available through independent mortgage brokers
PONTIAC, May 12, 2020 – United Wholesale Mortgage, (UWM), the largest purchase mortgage lender and #1 wholesale mortgage lender in America, today announced Conquest, a new conventional loan program that allows brokers to grow their business by offering rates as low as 2.5 percent, available on 30-year fixed mortgages, for both new home purchases and refinances.
“Some people said we’d never see interest rates drop below 3 percent on a 30-year mortgage, but it’s now available when borrowers work with an independent mortgage broker,” said Mat Ishbia, president and CEO of UWM. “We believe that the housing market is going to be strong and we want to do our part to help more people get into their dream homes as we get through this pandemic together as a nation.”
As the largest purchase lender in America two years in a row, UWM created Conquest to help borrowers with affordability and keep the purchase market strong. Offering conventional 30-year fixed rates in the 2.5 to 2.99 percent range intends to increase demand for homes and spur a strong purchase season despite the economic impacts of COVID-19 across the country.
“In addition to great rates, best technology and speed, this program is yet another reason why working with an independent mortgage broker makes the most sense,” said Ishbia. “This program allows mortgage brokers to earn new business as the economy begins to return and purchase season takes flight.”
For more information on Conquest or joining the United Wholesale Mortgage network, brokers can visit www.UWM.com.