Rate 6.205% (underwriting & origination paid by seller)
Rate 7.070% (underwriting & origination paid by UWM lender)
Scroll down to see today's 06/02/2023 11:00:00 AM EST rate sheet
We update rates each day Monday through Friday as rates change
All rates shown on this page are for a purchasing a primary single family residence (SFR) for $764,421 and putting 5% down payment with a 30 year fixed rate up to the 2023 conforming loan limit of $726,200 with a 780 Fico Score. The mortgage insurance factor is .19 for 760 and higher credit scores. (FICO scores of 620 have a 1.17 MI Factor). A credit score of 780 reduces LLPA's (low level price adjustments). Closing costs reduced by having a higher interest rates that covers closing costs with lender credits (rolling costs into the mortgage rate). UWM's underwriting charge is $1,055 which can also be rolled into the loan's interest rate. A seller can also choose to help cover closing costs by offering a seller's concession to help the buyer purchase their home.
At Incredible Lender LLC we strive to structure a mortgage that fits our clients life goals & future needs.
People don't want a mortgage.... They want what financing can do for their family.
Take the next important step and learn how to read a mortgage rate sheet
(Friday's rates can be locked over the weekend until Sunday night)
6.205% rate (buyer or seller concessions pay origination & $1,055 underwriting)
7.070% rate (lender pays origination & $1,055 underwriting)
Need a Pre-Approval Letter? Fill out the loan application, we will contact you for permission to pull credit
With the credit report we can get an automated approval from Freddie Mac and Fannie Mae instantly.
With a DU & LP findings report from this automated approval together with the documents requested on the report,
We can also submit the loan to underwriting for a same day approval in over 90% of the loans we submit to UWM.
The only thing we normally need to close your home purchase is an appraisal and home owner's insurance.
Just like every other lender... we offer the usual products:
- Conventional loans Up To $726,200 in 2023
- Conventional High Balance Loans that go even higher in certain Colorado like Summit County Colorado with a $953,350 limit.
- FHA Federal Housing Authority loans that have lower interest rates than conforming loans with 3.5% down payments.
- VA Purchase Loans & VA IRRRL (Interest Rate Reduction Refinance Loans)
- USDA "Rural Area" Purchase Loans
- Jumbo Loans without Mortgage Insurance in the Payment
- Home Equity Lines of Credit (So you don't refinance away from the low rates you got from 2016 to 2022)
- 3:2:1 Buy Downs (Will lower payments during the first 3 years)
- 2:1 Buy Downs (Will lower payments during the first 2 years)
But that's where the similarity ends... we also offer more unique loan products like:
- DSCR Debt Service Coverage Ratio loans a.k.a. Cash Flow Investor Loans (Using future rent for income qualification)
- Bank Statement Loans for Self-Employed Buyers (12 months bank statement deposits instead of tax returns used)
- One-Time-Close Construction Loans (No need to get a construction loan and then another loan after the home is finished)
- Jumbo Loans up to 6 Million Dollars
- VA Loans up to 4 Million Dollars
- 30 & 40 Year Fixed Loans with Interest Only Payments during the inital 5-10 years
- Reverse Mortgage Purchase Loans
What Our Customers Are Saying *
Ann and Pete McIntosh
"Clear to close in 7 days! "
"I wanted to thank Scott for your great service! You are great to work with, timely, on top of it, knowledgeable, kind. and had my best interests. Can’t say enough nor thank you enough."
"Excellent experience with Don Reynolds at Incredible Loans. Don is very knowledgeable about the mortgage industry and very responsive to questions and feedback. If I ever have the need for another mortgage, Don Reynolds will be my first call."
United Wholesale Mortgage
2018 Speed to Close
"In recognition of the fastest loan closings in the nation, UWM recognizes Apex Mortgage Brokers in the Top 1% of the lowest number of days from loan origination to closing."
Colorado Springs, CO
"Can't say enough positive things about working with Don on my recent home loan! The process was very fast and he communicated and worked with me closely throughout the entire process. Don found the best loan rate available and we closed in probably record time! Don also showed up at closing which spoke volumes about his character and support....would absolutely recommend Don Reynolds for anyone needing a home loan."
Get Pre-Qualified and Start Shopping? Talk to Our Experts Today!
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