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Hi everyone,
Here are a few mortgage market and product updates worth sharing this week. Please feel free to forward this to any clients who may find it helpful.
1. Rates Continue to Gradually Improve — 13–20 bps Lender Credit Available
Mortgage rates continue to show a gradual improvement.
Compared with last Monday, base pricing under the same loan scenarios is relatively unchanged. However, depending on the loan scenario, we can currently offer approximately 13–20 bps in Lender Credit to help reduce a portion of the borrower’s closing costs.
For buyers who have been waiting for rates to come down, this is an important point to consider:
Even when the rate itself has not moved significantly, a Lender Credit can help reduce the borrower’s overall upfront cost.
2. Investment Activity Is Picking Up — DSCR Is Worth Comparing
We have recently seen a noticeable increase in investment property activity.
For investors who plan to hold a property for 3–5 years or longer and are not planning to refinance in the near term, a DSCR loan can be an option worth considering.
Because DSCR financing focuses primarily on the property’s rental income and cash flow rather than the borrower’s personal income, it can be particularly useful for investors who want to qualify based on the investment property itself.
Depending on the scenario, DSCR pricing can sometimes be more competitive than a traditional investment property loan that requires full personal income documentation.
The key is to compare the two options based on the investor’s overall strategy—not simply the rate.
3. New Small Commercial Loan — Starting at $100,000
We have also added a Small Commercial Loan program for clients looking to purchase commercial properties such as:
- Retail / Storefronts
- Office Space
- Other qualifying small commercial properties
Loan amounts start at $100,000.
The property may be used for:
Owner-Occupied — for the borrower’s own business
or
Investment / Rental — purchased as an investment and leased to a tenant
One of the biggest advantages is that this program is currently available across all U.S. states, giving business owners and commercial real estate investors another financing option beyond traditional residential mortgage products.
A Few Takeaways for Your Clients
If you have clients who are currently considering:
A primary residence | Investment property | DSCR | Commercial real estate | or comparing different financing options
please feel free to reach out to us.
We can quickly compare different loan programs, pricing, credits, and overall costs based on the client’s specific situation.
Thank you, as always, for your continued support and partnership!
Washington State HELOC Update
Good news for Washington homeowners:
Effective immediately, Washington State HELOC (Home Equity Line of Credit) loans may no longer charge borrowers a separate Underwriting Fee.
For eligible HELOC transactions, this fee must be waived by the lender, meaning borrowers will no longer be responsible for this additional underwriting charge.
New Construction Financing Opportunities
If your clients are considering building a new home from the ground up, we also provide financing solutions for new construction projects.
Attached is the UWM-approved Builder List for your reference.
Whether your clients are:
- Purchasing their first home
- Moving up to a new home
- Investing in rental properties
- Building a custom home
We are happy to help structure the right financing strategy and provide professional guidance throughout the process.
Thank you for your continued trust and partnership!
Please feel free to reach out anytime to discuss loan scenarios or financing opportunities.
Special Buyer Promotion: 1-0 Buydown Extended Through August 31, 2026!
Enjoy a 1% lower interest rate during the first year, helping reduce monthly mortgage payments when buyers need it most.
This promotion is available for just 0.25 Point (25 bps), making it a highly cost-effective option.
Available for Full Documentation Purchase Loans.
Eligible for Primary Residences and Second Homes/Vacation Homes.
Not available for Investment Properties.
For buyers looking to lower their initial housing costs, the 1-0 Buydown program is an excellent financing strategy. It provides meaningful payment savings during the first year of homeownership while preserving the flexibility to refinance should interest rates decline in the future.
If you have clients who are preparing to submit an offer or need a mortgage pre-approval, please feel free to reach out. I would be happy to help you structure the best financing solution for your buyers and support a smooth and successful transaction.
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One of the most common questions we receive from clients is, "How long does it take to close a loan?"
We're pleased to share that our team's current average turnaround time from loan application to Clear to Close (CTC) is just 14 days. A fast and efficient approval process helps transactions move smoothly and gives your clients greater confidence throughout the home-buying process.
1-0 Buydown Promotion
the highly popular 1-0 Buydown program has been officially extended through August 31st! Please note that while it is no longer entirely free, it now costs just a minimal 25 bps (0.25 points). This remains an incredible tool for helping your buyers significantly lower their initial monthly payments in today's market.
New Product Spotlight | Rural Residential Loan
Have you recently encountered clients wishing to purchase rural properties, large acreage estates, horse ranches, livestock farms, hobby farms, or properties featuring barns and stables? Because of the expansive acreage or unique usage, these properties often fail to meet conventional underwriting standards, leaving buyers with limited financing options.
To bridge this gap, we have launched our Rural Residential Loan program, specifically engineered for non-traditional rural properties.
Key Highlights of the Program:
Flexible Acreage & Property Use: Supports up to 160 acres, including pastures and agricultural land. It also permits outbuildings like barns, stables, and livestock facilities.
Favorable Income & Tax Guidelines: Accepts Schedule F agricultural income and supports properties with active Agricultural Exemptions.
Lenient Value Distribution: The primary residential home only needs to account for at least 30% of the overall property appraisal value—a significantly lower threshold than conventional guidelines require.
If you have clients searching for rural homes, hobby farms, or other unique properties, please feel free to reach out. I would be delighted to structure a financing strategy to help them secure an approval and successfully close deals that might otherwise hit a wall.
Wishing everyone a highly productive and successful week ahead!
