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Loan Product Icon Conventional Loan Products

1% Down HomeReady

Give your borrowers a low down payment, a great rate and a head start on their equity. United Wholesale Mortgage was the first wholesale lender in the industry to offer 1% down on conventional loans with a 2% equity boost!

Program highlights include:

  • Clients pay 1%, UWM gifts 2%, up to $5,000, giving borrowers  3% equity at closing
  • 720+ FICO
  • DTI per DU findings
  • Expanded counties available with no AMI limits
  • Close in 30 days or less
  • Available with no monthly Mortgage Insurance

Elite

The obvious choice for your top-tier borrowers! Comprised of some of the best conventional rates and pricing in the industry, UWM's Elite program allows you to close quickly, while generating solid referrals. 

  • 700+ FICO
  • Up to 80% LTV
  • Loan amounts from $200,000 up to County Loan Limits
  • Appraisal Waivers honored
  • Underwrite to AUS findings
  • Includes Conventional, High Balance and ARMs

Pay Advantage

Eliminate monthly mortgage insurance and increase your borrower's buying power! Pay Advantage offers your clients one of the lowest monthly payments available with a low down payment.

  • Up to 97% LTV with no monthly M.I.
  • 100% gift for down payments eligible
  • Underwrite to AUS findings
  • M.I. certificates issued in house with no M.I. overlays
 

ARMs

UWM’s aggressive ARM pricing can provide a lower payment for your client! Secure your borrower in a competitive 5/1, 5/5, 7/1 or 10/1 low interest rate ARM.

  • Provide savings for your clients with lower rate and payment options
  • Quickly and easily price out your loans with Easy Qualifier (EQ) to determine your borrower’s best scenario
  • Reduced caps to 2/2/5 on all 5/1 and 5/5 ARM products
  • 7/1 ARMs qualify at the actual note rate

HomeReady

Fannie Mae’s conventional option for borrowers looking to purchase with a low down payment or refinance with limited equity

  • Purchases up to 97% including FTHB
  • Refinances serviced by FNMA eligible up to 97% LTV
  • Reduced Mortgage Insurance
  • High Balance available
  • Relaxed AMI income limits based on census tracts
  • Gift funds eligible for entire down payment

Home Possible

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. 

  • Up to 95% LTV
  • First time homebuyers, move-up borrowers, and retirees
  • No income limits for Underserved Areas
  • Appraisal fee credit up to $525 given at closing

Home Possible Advantage

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity.

  • Up to 97% LTV
  • First time homebuyers, move-up borrowers, and retirees
  • Refinances up to 97% LTV, regardless of current mortgage program
  • No income limits for Underserved Areas
  • Appraisal fee credit up to $525 given at closing

Elite High Balance

Elite High Balance offers some of the best conventional high balance rates and pricing for your top-tier clients. You'll receive industry-leading turn times, direct access to underwriting, and award-winning technology with every loan.

  • 700+ FICO
  • Up to 80% LTV
  • Loan amounts from $424,101 up to County Loan Limits
  • Appraisal Waivers honored
  • Underwrite to AUS findings
  • Includes Conventional, High Balance and ARMs

Elite High Balance ARM

Need an ARM loan to accommodate non-conforming loan amounts for your top-tier borrowers? The Elite High Balance 5/1 and 7/1 ARM products are great options.

  • 700+ FICO
  • Up to 80% LTV
  • Loan Amounts from $424,101 up to County Loan Limits
  • Appraisal Waivers honored
  • Underwrite to AUS findings

High Balance

Time is of the essence with every borrower. Don’t wait while your borrower shops around—give them the most competitive rates and close their High Balance loan in record time!

  • Loan amounts from $424,101 – county loan limits
  • Elite pricing available for your top-tier clients
  • 640+ FICO

High Balance ARMs

Need an ARM loan to accommodate non-conforming loan amounts? Qualify your borrowers for UWM’s high balance 5/1 and 7/1 ARM products! Conventional loans meeting the following requirements are eligible:

  • $424,101+ loan amount
  • LTV's as high as 90%
  • 640+ FICO
  • Underwrite to AUS findings
  • Available in all 50 states

Flex Term

Customize the perfect loan for your borrower without resetting the mortgage clock! Flex Term provides borrowers with flexible options to select their amortization term.

  • Available on all conventional loan products
  • Terms available from 8–30 years

Limited Review Condos

UWM makes your condo approvals quick and easy with our limited review process. All files receiving a limited review response in AUS will only need a minimum evaluation by our condo department.

  • Available in all 50 states
  • No condo questionnaire required

Split 50 and Split 100

Split 50 and Split 100 is a hybrid program combining a single-premium M.I. adjustment with the balance of the M.I. premium to be paid at a reduced monthly rate. Your client will benefit from a lower monthly M.I. payment, saving them hundreds of dollars every month while giving them a great low rate.

  • LTVs up to 95%
  • Split 50 at only 50 basis points
  • Split 100 is a less expensive option for your borrower than FHA loans
  • Underwrite to AUS findings
 

Texas Cash Out

Cash in with Texas Cash Out, UWM’s Texas 50(a)(6) product! UWM closes all Texas loans in record time.

  • Close in 20 days or less
  • Hassle-free with UWM’s direct communication and rapid turn times

HARP 2.0

We’re closing HARP 2.0 (Home Affordable Refinance Program) in 20 days or less! Do you have a client that has a current loan with Fannie Mae that was originated prior to May 31, 2009? HARP 2.0/DU Refi Plus allows your client to refinance their current loan even if they owe more than the property is currently valued at.

  • Up to 175% LTV/Unlimited CLTV
  • No DTI restrictions (approve/eligible findings)
  • Appraisal Waivers honored
  • Condos and high balance loans are eligible up to 125% LTV/CLTV
  • M.I. transfers allowed with our HARP 2.0 with M.I. program
  • .75 max cap adjustment

Ultimate Advantage Blue

Ultimate Advantage Blue allows a one-time, up-front M.I. premium to eliminate the monthly M.I. payment, while ensuring the maximum credit to offset the closing fees. Strengthen your purchase business by giving your borrower the best of both worlds.

  • Down payment as low as 3%
  • Use seller contributions to eliminate monthly M.I.
  • Accommodate a low rate and payment while providing a premium credit to negate closing costs
  • Empower your clients to qualify for the home of their dreams