UWM Rolls Out Six Fixed-Rate Jumbo Products to Help Brokers Win

Lender also expands Conventional 1% Down product to 80% AMI

Pontiac, May 24, 2023 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today enhancements to its Conventional 1% Down product in addition to rolling out a suite of six fixed-rate jumbo products.

Brokers now have access to more competitive jumbo pricing, along with transparent investor guidelines and loan qualifications, giving them a leg up on big banks and retail lenders. This will give loan officers the flexibility to tailor a fixed jumbo loan to each borrower’s situation, helping them get into their homes faster, cheaper and easier.

UWM also announced enhancements to its Conventional 1% Down product, allowing borrowers with less than 80 percent of the area median income (AMI) to qualify. Those who qualify will put down 1 percent of the loan towards their down payment and UWM will then pay a 2 percent grant up to $4,000, for a total down payment of 3 percent.

“UWM continues to push the industry forward and today’s updates are huge wins for the broker channel and consumers across the country,” said Mat Ishbia, president and CEO of UWM. “We’ve seen tremendous success with both our previous jumbo products and the initial launch of the Conventional 1% Down program. These enhancements will further expand the loan options independent mortgage brokers have access to and continue to prove that they are the best way for a consumer to get a loan.”

UWM supports independent mortgage brokers with industry-leading training, technology and service. Borrowers and real estate agents looking to work with an independent mortgage broker in their local area can visit findamortgagebroker.com. For more information on how to sign up to become a broker in the UWM network, visit uwm.com.

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