UWM Removes All LLPAs on Government Loans
Initiative will save borrowers with lower credit scores up to 150bps
Pontiac, November 27, 2024 – United Wholesale Mortgage (UWM), the nation’s #1 overall mortgage lender, announced today it is removing Loan Level Pricing Adjustments (LLPAs) on FHA, VA and USDA loans for borrowers with a FICO score of 600 and above.
Available now until March 31, 2025, this initiative aims to improve pricing by up to 150bps for borrowers who are typically impacted by the highest LLPAs and provides brokers with a competitive edge.
With the removal of these adjustments, borrowers may increase their buying power, find it easier to purchase a property or lower their interest rate to secure a larger or more desirable home.
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.
