UWM Brings Back Conventional 1% Down Product
UWM to contribute up to $7,000 to help more homebuyers achieve their dreams
Pontiac, June 11, 2025 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today the return of its Conventional 1% Down product, enabling homebuyers to secure a home with a down payment of just 1 percent provided by the borrower.
Effective immediately, this product is available up to the conforming loan limit for homebuyers with an income at or below 80 percent of the Area Median Income (AMI), a 97 percent Loan-to-Value (LTV) ratio and a FICO score of 620 or higher. When a borrower puts down 1 percent, UWM will contribute an additional 2 percent, up to $7,000, giving the borrower a total of 3 percent for their down payment.
“One of the biggest hurdles to buying a home is the down payment, and we’re removing that barrier with this product,” said Mat Ishbia, President and CEO of UWM. “This program is a win for borrowers and will get them into a home sooner with less money out of their pocket. This gives independent mortgage brokers a significant competitive advantage both with their clients and real estate agents this purchase season.”
The down payment assistance program allows borrowers to save money they could instead use for expenses such as furniture, move-in costs, repairs or even buying down their interest rate for long-term savings. This product was last offered in May of 2024, when UWM provided an additional 2 percent contribution, up to $4,000.
Additional information on Conventional 1% Down can be found here.
The return of Conventional 1% Down follows UWM’s recent announcements, including 5/1 FHA and VA adjustable-rate mortgages (ARMs), and the launch of its innovative AI tools, the Loan Officer Assistant “Mia” and the LE Optimizer tool “LEO.”
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. Borrowers or real estate agents looking to connect with an independent mortgage broker, visit mortgagematchup.com.
