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United Wholesale Mortgage (UWM) has introduced its Jumbo Bank Buster program, enabling Mortgage Brokers to compete with big banks to grow jumbo business by offering rates typically not available in the wholesale channel.
The Jumbo Bank Buster program is available on loan amounts up to $1.5 million and an 80 percent LTV, for borrowers with a 700 minimum FICO score.
The Jumbo Bank Buster program can be used for primary and second homes and on purchases or refinances.
