UWM extends its 60-bps incentive program into spring
The
original
program,
dubbed
“60bps
for
60
Days,”
was
originally
only
available
through
January
31
and
was
intended
for
the
slow
mortgage
market
activity
period
which
is
attributed
to
the
holiday
season.
Extending
the
program
means
it’s
available
into
the
busier
spring
home-buying
season.
The
program
applies
to
both
conventional
and
government
loans
and
is
available
to
borrowers
with
a
FICO
score
of
720
or
higher.
UWM’s
website
advertises
that
partners
who
earn
PRO
Elite
100+
in
January
or
February
can
then
extend
the
incentive
through
March
31.
The
move
is
similar
to
previous
UWM
pricing
incentives.
In
September
2024,
UWM
launched
a 75-bps
incentive
program for
conforming
conventional
and
government-backed
rate-and-term
refinances.
Initially
set
to
end
on
Oct.
31,
2024,
the
program
was
extended
through
Nov.
29,
2024.