1% DOWN WITH EQUITY BOOST

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GIVE YOUR BORROWERS A LOW DOWN PAYMENT, A GREAT RATE AND CLOSE IN 15 DAYS OR LESS

Conventional 1% Down with Equity Boost makes it easier than ever to get your borrowers into their new home. Here’s how it works: Your borrower puts down 1%, UWM contributes 2% toward the down payment, giving them 3% equity at closing.* It’s a great way to offer a low down payment, a competitive rate and a good head start — and it’s still going strong at UWM.

*Disclaimer Borrower contributes 1% down, lender contributes 2% of the loan amount up to $5,000 for the down payment and the borrower is responsible for any difference to get to the required 3% down.

KEY FEATURES

  • Minimum 720 FICO
  • Available with no monthly Mortgage Insurance
  • Close in 30 days or less

WHAT THEY'RE SAYING

I love UWM’s 1% down payment program. Being able to show people that they can get into their dream home for less than a month’s rent is amazing. The 1% Down program makes that possible and the fact that it is not just for first time buyers is a big plus! I look at it for all of my clients who want to keep cash in their pocket. I look forward to helping more clients with this great program!

Nicola McCloskey

President
Home Loan Zone, Inc.

 

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