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UWM Lowers FICO Requirement to 740 on Its Conventional Elite Offerings

Mar 23, 2016
http://nationalmortgageprofessional.com/news/60381/namb-partners-united-wholesale-mortgage-grant-program-grow-independent-mortgage-channel

United Wholesale Mortgage (UWM) has announced a significant enhancement to its Elite family of loan products. Designed to offer top borrowers with industry-leading rates, UWM will now offer its Elite pricing tier to borrowers with FICOs as low as 740.

Program highlights include:

►740+ FICO
►Up to 80 percent LTV
►Loan amounts from $250,000–county loan limits
►Includes Conventional, ARMs and High Balance Loans
►Property Inspection Waivers honored

UWM’s line of Elite products offers some of the industry’s best conventional rates and pricing to top-tier borrowers. The Elite program gives mortgage brokers and their clients access to industry-leading turn times, direct access to underwriting, and award-winning technology.

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