General World News

UWM expands DSCR offerings to real estate investors

United Wholesale Mortgage (UWM), the country’s largest wholesale lender, expanded its debt service coverage ratio (DSCR) loan options to four after launching its first product in March.

Dubbed “Investors Flex,” the non-QM product for real estate investors, offered purchase and refinance loans up to $2 million that could be used to finance up to 20 properties by using each property’s monthly rental income to qualify.

With the expanded options, investors could get loans starting as little as $50,000 and up to $2 million. Depending on loan types, borrowers must have details ⇒

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