Buying a $600K Home? The Bullseye 90 Mortgage Incentive Could Potentially Save You $28,000+

If you're thinking about buying a $600,000 home, what if a special mortgage pricing incentive could help lower your interest rate, and put more money in your pocket, both now and over the life of your loan?

Right now, there is a limited-time opportunity called Bullseye 90, offered through United Wholesale Mortgage (UWM) that provides a 90-basis-point pricing benefit on an eligible agency loan (including Conventional, FHA, VA, and USDA loans). This improved pricing can potentially be used to help you get a lower interest rate, reduce certain upfront loan costs, or a combination of both.

How Much is the Benefit on a $600,000 Purchase? Let's look at a $600,000 home with 20% down:

That's $4,320 in improved mortgage pricing that may be available to help you get a better rate, lower costs, or both.

What Could That Mean for Your Monthly Payment? Here's a hypothetical example showing how that improved pricing might help you buy down your interest rate on a $480,000 (30-year fixed) loan:

A quarter-point difference in the interest rate could mean about $79 less per month, nearly $1,000 per year, and more than $28,000 in savings over 30 years—if you keep the loan for the full term.

Putting Less Than 20% Down? The Benefit Could Be Even Greater.

Because the 90-basis-point pricing benefit is based on your loan amount, financing more of the purchase increases the dollar value of the incentive.

Why Haven't I Heard About This?

Opportunities like this aren't always advertised when you walk into your local bank. Bullseye 90 is offered through United Wholesale Mortgage (UWM) and is accessed through independent mortgage brokers. As a mortgage broker, I can shop multiple lenders and loan programs to look for the best options and help you find the right strategy for your situation.

The Bottom Line

The right mortgage pricing can do more than just lower your closing costs-- it can potentially save you thousands of dollars over time. If you're thinking about buying, don't just look at today's mortgage rate. Let's run the numbers and see what's possible. I'm always here to help you explore your options.

Andrew Boico Licensed Mortgage ProfessionalMobile: (516) 835-5560

Office: (516) 865-6260Email: ABoico@Madisonmortgage.comNMLS #2035658 ** Please note: This information is for educational purposes only and is not a commitment to lend or a quote of currently available interest rates. Loan programs, terms, rates, pricing, and eligibility are subject to change without notice and may vary based on borrower qualifications and other factors. Bullseve 90 is a limited-time UWM pricing incentive on eligible agency loans. Contant me for current program details and to determine eligibility.