United Wholesale Mortgage has launched a Conventional 1% Down purchase program, which allows eligible homebuyers to make a down payment as low as 1% of the property’s value. Under this program, UWM provides an additional 2% in down payment assistance, up to $7,000, which borrowers do not need to repay. This initiative aims to alleviate the financial burden of down payments for potential homeowners, facilitating quicker access to homeownership while easing the financial strain associated with moving into a new home. Independent mortgage brokers can utilize this advantage in an increasingly competitive housing market.
United Wholesale Mortgage offers a Conventional 1% Down purchase program allowing homebuyers to pay just 1% of the home's value at closing, while UWM covers the additional 2%, up to $7,000.
Mat Ishbia noted that saving for a down payment is a serious hurdle for homebuyers and acknowledged that the 1% Down program is removing that barrier.
Collection
[
|
...
]