NOW YOU CAN
GET EVEN MORE BUYERS IN THE DOOR WITH FANNIE MAE HOMEREADY OR FREDDIE MAC HOME POSSIBLE.
It’s your choice: Home Possible Advantage from Freddie Mac or HomeReady from Fannie Mae with only 1% down from your borrower and UWM contributes 2%. Check out our counties with no income limits.
What stays the same:
- Great low rates
- Closings of 30 days or less
- Available with no monthly Mortgage Insurance
- 97% LTV - 3% equity for your borrower
- FICO score of 720 (currently 700)
- UWM will contribute 2% or $5,000 (whichever is less)
- Max DTI will now be set by DU or LP findings (originally capped at 43%)