Inventory
info icon
Single family homes on the market. Updated weekly.Powered by Altos Research
722,032+456
30-yr Fixed Rate30-yr Fixed
info icon
30-Yr. Fixed Conforming. Updated hourly during market hours.
6.99%0.00
MortgageMortgage Rates

UWM now offering VA loan program with mortgage rates as low as 2.25%

Looks to support veteran borrowers in "one of the strongest purchase seasons on record"

United Wholesale Mortgage announced a new VA loan program Wednesday that offers borrowers mortgage rates as low as 2.25% for both purchases and refinances.

Last month UWM rolled out a new loan program that offered borrowers an interest rate as low as 2.5% for both purchase mortgages and refinances. 

For context, as of June 18, we reported that the average rate for a 30-year fixed mortgage was 3.13%, down from 3.21% the prior week.

UWM is both the nation’s biggest purchase mortgage lender and the largest wholesale lender, meaning it doesn’t lend directly to borrowers. It works directly with independent mortgage brokers, who can in turn offer these low rates to their customers.

By offering conventional 30-year fixed rates to veterans in the 2.25 to 2.375% range, UWM said it intends to “support veteran borrowers in one of the strongest purchase seasons on record due to pent up demand created by COVID-19.”

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular Articles

Latest Articles

Lower mortgage rates attracting more homebuyers 

An often misguided premise I see on social media is that lower mortgage rates are doing nothing for housing demand. That’s ok — very few people are looking at the data without an agenda. However, the point of this tracker is to show you evidence that lower rates have already changed housing data. So, let’s […]

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please