UWM’s exclusive product eliminates monthly mortgage insurance, giving your borrowers more purchase power
MI Buster from UWM eliminates the need for mortgage insurance on purchases for qualified borrowers with an LTV between 80.01 – 89.99%. This product allows more borrowers to avoid mortgage insurance with less money down (as little as 10.01%) and those savings can mean the ability to afford more home and/or a lower monthly payment.
MI Buster is a great option for borrowers looking to purchase a primary or second home of $200,000 or more, including first-time home buyers! Plus, with MI Buster High Balance, it’s also available on loans over conforming county loan limit amounts.
Information is subject to change. Certain restrictions apply. Subject to borrower qualifications.