One of many prime mortgage lenders in the USA is providing a brand new program that enables residence consumers to place zero % down on their mortgages.
United Complete Sale Mortgage is providing a brand new program that can permit first-time residence consumers and folks incomes under or at 80% of an space’s common earnings to place zero down on their mortgages.
In a press release to Market Watch, chief working officer of UWM, Melinda Wilner shared, “Homeownership is one thing we’re very captivated with.”
Beforehand, UWM provided consumers a charge of as little as 1% down.
One of many greatest U.S. lenders is providing 0%-down-payment mortgages for first-time residence consumers. Right here’s the catch. https://t.co/o56BP20bEz
— Steven Cashtro (@stevecashtro7) Could 23, 2024
Per Zero Hedge:
House consumers will be capable of purchase a house with out placing any cash down underneath a brand new program launched by United Wholesale Mortgage, one of many largest U.S. mortgage lenders.
The Pontiac, Mich.-based firm’s new program will probably be out there to first-time residence consumers and folks incomes at or under 80% of an space’s median earnings, the corporate mentioned in a press launch.
UWM (UWMC) will give eligible consumers a second-lien mortgage of as much as $15,000, within the type of down-payment help, for 3% of the house’s buy value. The mortgage is not going to accrue curiosity or require a month-to-month fee.
“Homeownership is one thing we’re very captivated with,” Melinda Wilner, chief working officer at UWM, informed MarketWatch.
UWM isn’t the one one providing zero-down mortgages.
As The Gateway Pundit beforehand reported, Financial institution of America has provided zero-down mortgages for black and Hispanic Debtors
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