Media Alert: UWM Now Offering Four DSCR Loans
Lender expands offerings for its Investor Flex product
Pontiac, July 26, 2023 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today it is expanding Investor Flex, the lender’s Debt Service Coverage Ratio (DSCR) loan offering.
Investor Flex will now offer four loan options, up to $2M for purchases and refinances, for real estate investor borrowers – all that use the prospective rental income of the property, rather than the borrower’s income to qualify.
With these products, independent mortgage brokers will get greater transparency of investor guidelines and borrower qualifications – making it easier to choose the right product for borrowers.
Additionally, these loans will allow borrowers to finance up to 20 properties by using each property’s monthly rental income to qualify for investment properties.
For details on investor guidelines and borrower qualifications, visit the Products page located here.
UWM originally released Investor Flex in March 2022. This announcement comes after the recent expansion of UWM’s home affordability products along with the expansion of its Bank Statement and Jumbo product offerings.
UWM supports independent mortgage brokers with industry-leading training, technology and service. Borrowers and real estate agents looking to work with an independent mortgage broker in their local area can visit findamortgagebroker.com. For more information on how to sign up to become a broker in the UWM network, visit uwm.com.