Mortgage offer evaluation- my fist home in Sacramento

[Gitit Hefetz]

Hello all,

I am trying to buy my firs home in Sacramento and was pre approved for 420K.

Im not sure I got a good offer from my broker agent. Would like to get some opinions or if there are other mortgage broker who think can give a  much better offer please contact me back!

The offer:

Approved for 420K sales price
Rate type: Fixed 30 years
Base loan amount: 336,000$
Intrest rate quote te (803 Fico) 2.999%

Lender Costs:
Cost/Credit for Rate: 1,532$
Admin/Underwriting Fee: 1,055$

Thank you!

[Chris Mason]

This is UWM's Conquest program, currently a plurality of my buyers are using it. I'm signed up with some 3 dozen lenders, but sending more business to that lender, using that program, than anything else. That is, unequivocally, the killer mortgage product of the season. Available for refis too.

There are other wholesale lenders with very similar rates, what sets UWM's Conquest apart is the how freaking lightning fast they are closing them. In this very competitive market(1), that is a HUGE way to set yourself apart. 

They expanded the program to include VA loans not too long ago.

(1) I'm all of a sudden doing a bunch of business up in Sacramento as people move away from the core SF Bay Area markets like Oakland, Sac isn't a slow dreary real estate market -- at least not any more.