"The Purchase Boost 50 program provides a pricing incentive on purchase loans locked between April 8 and April 14, available for conventional and government loans for various property types."
"The program requires a minimum 700 FICO score and excludes bank-statement loans, Investor Flex loans, home equity lines of credit, jumbo loans, and certain state programs."
"While the incentive cannot be combined with UWM's Control Your Price basis-point credits, it can be paired with a $600 appraisal credit for eligible purchases."
United Wholesale Mortgage (UWM) introduced Purchase Boost 50, a 50-basis-point pricing incentive for purchase loans locked from April 8 to April 14. This offer is available for conventional and government loans on primary residences, second homes, and investment properties. A minimum 700 FICO score is required, and the incentive excludes certain loan types. It cannot be combined with UWM's Control Your Price credits but can be paired with a $600 appraisal credit where eligible. UWM aims to maintain its top position in the origination market amid competitive pressures.
Read at www.housingwire.com
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