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Conventional 30 Year Fixed rate from 2.5% to 3.0% on new borrower purchases and refinances

April 17th, 2023 3:52 PM by Sam Kader MLO130505

Conquest is an exclusive program designed to offer you competitive rates at the lowest rate ranges on all purchases and on any refinances where the borrower hasn’t closed a loan with the lender - United Wholesale Mortgage (UWM) in the last 18 months. With 30-year fixed rates ranging from 2.5%-3.0%* on purchases and rate/term refinances.

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Significantly better rates
Rates ranging from 2.5%-3.0%* for 30-year fixed
Available on purchases and rate/term refinances
Terms from 10 to 30 years
Conventional loans only
Subject property must qualify for it
Primary and secondary residences only
Rate/Term refinances that have not closed with UWM in the last 18 months
Must close in 22 days (from locking to recording) as lock extension is costly
Lock anywhere from 8-22 days (UWM average is 11 days sub to CTC)

*The principal and interest payment on a $200,000 30-year Fixed-Rate Loan at 2.875% and 80% loan-to-value (LTV) is $829.78. The Annual Percentage Rate (APR) is 3.097% with estimated finance charges of $5,600. The principal and interest payment does not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 05/12/2020. The APR is calculated using the Actuarial Method.

Posted in:first time home buyers, and tagged: first time home buyers

Posted by Sam Kader MLO130505 on April 17th, 2023 3:52 PM

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Conventional 30 Year Fixed rate from 2.5% to 3.0% on new borrower purchases and refinances

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