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UWM now offering ultra-low mortgage rates on FHA loans

Housing Wire

Ahead of its initial public offering slated for mid-December, United Wholesale Mortgage is offering mortgage rates below 2% on FHA loans through its Conquest Program. on FHA loans, the company announced in a statement on Wednesday. The Conquest FHA announcement is the latest in a series of UWM product launches in 2020.

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3 underrated mortgage products to consider

Housing Wire

The 30-year mortgage is easily the most popular and talked-about mortgage product out there. But make no mistake: They’re not your only option when buying or refinancing a home. Are you currently thinking about buying a home or refinancing your existing mortgage? 5 reasons to refinance your mortgage right now.

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Mortgage servicers are stepping up during COVID

Housing Wire

We supported efforts to expand the payment deferral option for borrowers, providing a streamlined exit process with no documentation. The Flexible Modification, for example, was streamlined so that homeowners can keep their house and begin a different payment plan.

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Guide to VA Loans: How They Work and Who Qualifies

PennyMac

If you’re connected with the United States military, you may be eligible for VA loans, such as no down payment purchase loans and low-interest refinance loans. Not Just For First-Time Homebuyers While you can use a VA loan for your first home, you can take advantage of the VA loan benefit again if you sell or refinance. Who is it for?

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FHA Loans – Credit Score Requirements and More

PennyMac

With low down payments, low closing costs and more flexible credit score requirements, it’s no wonder that nearly one in every five home purchases are made using an FHA loan. FHA loans are famous for their flexibility, but sometimes they come with requirements that both the borrower and the property owner must meet. Low-Income Buyers.