UWM Debuts Product For Real Estate Investors – NMP Skip to main content

UWM Debuts Product For Real Estate Investors

David Krechevsky
Mar 23, 2022
Uwm front building with sign

Lender introduces Investor Flex, a debt-service coverage ratio (DSCR) allowing borrowers to use prospective income to qualify for loans on investment properties.

United Wholesale Mortgage (UWM), the top wholesale and purchase mortgage lender in the United States, today introduced Investor Flex, a 30-year fixed Debt-Service Coverage Ratio (DSCR) loan option for real estate investors.

In a news release, Pontiac, Mich.-based UWM said the product “will allow borrowers to qualify for investment properties based on monthly rental income of the subject property, rather than their current income.” DCSR is a measurement of a investor's available cash flow to pay current debt obligations, according to Investopedia.

The loan is available on purchase and refinance loans of up to $2 million, and can be used to finance up to 20 properties, UWM said. It will also be offered for short-term rental properties, giving brokers another competitive selling point when targeting real estate investors, UWM said.

Investor Flex follows the launch last week of bank statement loans and the announcement of an extension of no-cost appraisals for purchases until the end of April 2022.

Published
Mar 23, 2022
Homeward Lays Off 20% Of Staff

Alternative real estate financing company cut about 120 jobs.

Industry News
Aug 12, 2022
Lone Peak Lending Joins Panorama Mortgage Group

Names Donovan Stamps as president.

Industry News
Aug 11, 2022
Fairway Independent Mortgage Hires Former PrimeLending President

Firm says Scott Bristol is part of aggressive originator expansion.

Career
Aug 11, 2022
Mortgage Rates Jump Back Above 5%

Freddie Mac says rates recent volatility continues.

Industry News
Aug 11, 2022
Redfin: Share Of Relocating Buyers At All-Time High In July

People are looking for less expensive and better lifestyles.

Industry News
Aug 11, 2022
Redfin Expands iBuying Business To Florida

RedfinNow, which makes cash offers for homes, now operates in 34 markets in 16 states and the District of Columbia.

Tech
Aug 11, 2022