UWM Now Offering Free 1-0 Temporary Rate Buydown and Home Equity Loans
Pontiac, Mich., May 6, 2026 – United Wholesale Mortgage (UWM), the nation’s #1 mortgage lender, announced today it is offering two new products: free 1-0 temporary rate buydowns and home equity loans.
Effective immediately, UWM will cover the cost of lender-paid temporary rate buydowns on conventional and government purchases by providing a credit to offset the buydown experience.
This gives borrowers a payment equivalent to a 1% lower interest rate in the first year at no additional cost to them or the broker, providing a lower monthly payment and easing the transition into homeownership, while helping brokers win new business and grow relationships. This free offering is available through June 30, 2026.
Additionally, UWM introduced home equity loans – one lump sum with a fixed rate and term. With multiple standalone and piggyback options now available, brokers will be able to choose the best fit for each of their borrowers.
The standalone home equity loans are based on the equity borrowers have built in their homes and can be used for significant investments like home improvements, debt consolidation or educational expenses.
The piggyback home equity loans are a second mortgage taken out concurrently with a purchase loan to avoid mortgage insurance or eliminate the need for a jumbo loan. Additional details about UWM’s free 1-0 temporary rate buydown can be found here and home equity loan offerings can be found here.
UWM supports independent mortgage brokers with industry-leading training, technology and service. For more information on how to sign up as a broker with UWM or join UWM’s network, visit uwm.com.
