UWM Makes Major Announcements Including A 0% Down Payment Program

United Wholesale Mortgage rolled out a new 0% down payment program, alongside several other major announcements during its annual broker event this week. The down payment program is geared towards borrowers struggling to save for a down payment. This is one of the biggest challenges facing new buyers struggling under rampant inflation and soaring household debt. “UWM’s 0% Down Purchase program is going to change the game this purchase season,” CEO Mat Ishbia said in a statement. “No other wholesale lender in the country is offering this, meaning independent mortgage brokers now have a significant advantage with consumers and real estate agents. Thousands of borrowers are sitting on the sidelines because they don’t have a down payment – this program…