Media Alert: UWM Offers No-Cost Appraisals on 1-0 Temporary Rate Buydowns

No-cost appraisals will be available for borrowers with conventional and government loans

Pontiac, November 15, 2023 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today it will cover the appraisal cost on all conventional and government home loans when an independent mortgage broker utilizes UWM’s 1-0 Temporary Rate Buydown product.

Beginning with submissions today through March 31, this limited offering will provide borrowers with savings on both the appraisal cost and the payment on the first year of their loan. With a UWM 1-0 buydown, borrowers won’t have a higher payment until 2025, giving brokers a unique opportunity to combat higher rates and possibly refinance the loan down the line.

No-cost appraisals are one of the many tactics UWM is offering to give independent mortgage brokers a competitive edge when it comes to building relationships with real estate agents and borrowers around the nation.

This announcement comes after the recent enhancement of UWM’s Investor Flex DSCR loan program, which now allows borrowers to close in a Limited Liability Company (LLC).

Additional details on UWM’s buydown products can be found here.

UWM supports independent mortgage brokers with industry-leading training, technology and service. For more information on how to sign up as a broker with UWM, visit uwm.com.