One of the tedious processes of obtaining a mortgage includes signing paperwork at the origination. With United Wholesale Mortgage, they will automatically verify assets and income, so nothing needs to be signed and sent back. You can e-sign all documents online. They can get your loan approved and sent to underwriting in just minutes. Therefore, the process is much quicker than most other lenders. This article will provide the most current and up-to-date information about United Wholesale Mortgage rates.

United Wholesale Mortgage Current Mortgage Rates

United Wholesale Mortgage provides several loan products, such as FHA loans, VA loans, USDA loans, and conventional loans. You can check the current mortgage rates by clicking on this link. Here are the latest mortgage rates.

Type of Mortgage Rate Interest Rate APR (Annual Percentage Rate) (Annual Percentage Rate) Estimated Monthly Payment
30-year fixed 4.12% 4.15% $1215.26
20-year fixed 3.37% 3.50% $1449.90
15-year fixed 3.25% 3.29% $1761.54
7/1 ARM 3.75% 3.92% $1182.04
5/1 ARM 3.62% 3.91% $1180.60

***Rates can change without warning; therefore, it is important to check the website for the most current information.

Recommended read – Stonegate Mortgage Rates

United Wholesale Mortgage Rates

To qualify for a mortgage, you need to meet the credit score qualifications, and you need to have a low debt-to-income ratio. You can apply for a mortgage online, and you will know quickly if you have been approved.

If you wish to refinance your home, the company offers streamline financing in many cases, so you can finish quickly and easily with no credit checks. Therefore, refinance mortgage rates will permit you to pay off your old loan and obtain a new loan with a lower interest rate or a shorter loan length.

Fixed mortgage rates and adjustable mortgage rates are available for most types of loans. With this loan, you will begin with a fixed rate. After a few years, your interest rate will change. As a consequence, it could go up, or it could go down. The rate will depend on the mortgage rates trend. Moreover, you do have the option to purchase mortgage rates to get a lower rate and save money.

The most common type of loan is a 30-year fixed rate loan. With a fixed rate, your interest rate will stay the same throughout the loan. Therefore, you will always know what your payment amount will be. There will be no surprises. 30-year mortgage rates might be a little higher than the 20-year mortgage rates or the 15-year mortgage rates. Many people choose 30-year loans because their monthly payment amount will be lower.

United Mortgage also offers jumbo loans for up to 2.5 million. To qualify for this loan, you will need a credit score of at least 700. These loans are available in both fixed rates and adjustable rates.

You can find a mortgage rates calculator at this source. A calculator can give you information about how much you will pay each month. Therefore, you will know what you can spend on the loan.

Monthly Mortgage Payment Example

Type of Mortgage Rate 30-year fixed rate 20-year fixed rate 15-year fixed rate
Mortgage Amount $250,000 $250,000 $250,000
Interest Rate 4.12% 3.37% 3.25%
APR (Annual Percentage Rate) 4.15% 3.50% 3.25%
Number of Payments 360 240 180
Average Monthly Payment $1215.26 $1449.90 $1761.54
Total Amount of Interest $187,492.99 $93,981.10 $67,076.51
Total Amount Paid $437,492.99 $343,981.10 $317,076.51

***The values in this table are approximate results of our calculations and can vary according to the type of credit you opt for. Please note that these are our examples and not offered by the financial institution.

Getting a mortgage does not have to be a difficult and lengthy experience. With United Mortgage, you can get a mortgage loan quickly and easily. Their representatives can walk you through the process. You will then get a loan with the best United Wholesale mortgage rates, and you will love your mortgage lender.