How do wholesale lenders offer lower rates than retail?
As wholesale lenders obtain funds from a variety of sources, they can pick and choose the funding source with the best rate for the client – whereas retail lenders are often stuck with just one.
Can I still get a wholesale loan if I’ve been declined by my bank?
Maybe! The flexibility of wholesale means you may fit some lending criteria. Talk to us and we can evaluate your specific situation.
Will a wholesale loan be fundamentally different from a retail one, or any less safe?
Nope. A wholesale loan might give you a better interest rate, and you might find a better fitting loan program going the wholesale route, but you’ll still have a mortgage at the end of the day – and it’ll be just as safe and reliable as one from a retail bank.
Craig was instrumental in me and my wife buying our first home together. He was able to get us a great rate, even with my low [credit] score, and we were able to move into our new home. We are very pleased with the service and professionalism Craig provided us and will continue to work with him for all of our housing finances in the future.
We highly recommend United Wholesale Funding. We are on our second home purchase with Craig. You lose sleep buying your first home and it’s comforting to know you have the right lender looking out for your best interests. Two years later, we are on our second home and, just like the first, best rate, no fees and thousands of dollars saved!
We are so glad we trusted Craig with our refinance. We were able to take cash out with absolutely no fees! In hindsight, we wished we would have used him for our purchase. Sure enough, we had a straightforward closing with no surprises and we are truly grateful for our friends referring Craig to us.