Real Estate
Home›Real Estate›Mortgages›UWM extends Bullseye 90 and adds eligible jumbo loans
UWM extends Bullseye 90 and adds eligible jumbo loans
UWM is also removing LLPAs on high-balance fixed-rate purchase and rate-and-term refinance loans through Oct. 30, affecting how brokers price eligible deals.
UWM is extending its Bullseye 90 mortgage pricing incentive through Oct. 30, giving brokers additional flexibility on eligible purchase or refinance loans, HousingWire reports.
The incentive, originally launched in August, provides a 90-basis-point pricing benefit on a single eligible loan, and the latest change expands eligibility to include eligible jumbo loans in addition to conventional and government options.
UWM is also removing loan-level price adjustments on high-balance fixed-rate purchase and rate-and-term refinance loans through Oct. 30, and Bullseye 90 cannot be combined with other incentives, including Control Your Price or a 25-bps temporary rate buydown.
To qualify, brokers must submit a credit report to UWM’s lock desk within one day of locking the loan, and the lender said the updates aim to support more competitive terms in the high-balance segment.