Jumbo Loan Products

UWM has multiple Prime Jumbo products designed to help you win more loans vs. big banks and retail lenders. Each is tailored to borrowers with different circumstances — however, they all have a few similarities:

  • Loan amounts from $1 over the county loan limit up to $3M
  • No MI required
  • Run through DU, receive an approve/ineligible response and submit to UWM
  • Restricted Stock Unit (RSU) income accepted
  • Available on Texas Conversion loans

When choosing a jumbo product, take your borrowers’ unique priorities into account. Then, reference this helpful comparison to find the pricing and loan experience they’re looking for:

Prime Jumbo (15- Or 30-Year Fixed)

  • 680+ FICO and up to 45% DTI
  • Up to 89.99% LTV and no MI required
  • UWM services these loans exclusively
  • Borrower solicitation protection
  • Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
  • One appraisal required for purchases up to $3M and refinances up to $2M*
  • Two appraisals required for refinances over $2M*
  • Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

Prime Jumbo Released products can be priced better than Prime Jumbo, with savings passed directly to the borrower. Because there is no borrower solicitation protection, loans are sold immediately and can be sold multiple times to different investors.

Prime Jumbo Released (30-Year Fixed)

  • 680+ FICO and up to 45% DTI
  • Up to 80% LTV
  • Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
  • One appraisal required for loans up to $2M*
  • Two appraisals required for loans over $2M*
  • Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

Prime Jumbo Arms (5-, 7- And 10-Year)

  • 680+ FICO and up to 45% DTI
  • Up to 80% LTV
  • Eligible on primary, second and investment properties for purchases, rate/term and cash-out refinances
  • One appraisal required for purchase up to $3M and refinances up to $2M*
  • Two appraisals required for refinances over $2M*
  • Loan amounts greater than $2M require 18 months of reserves in addition to any reserves required by AUS

Prime Jumbo Interest Only (30-Year Fixed)

  • 700+ FICO and up to 43% DTI
  • Up to 80% LTV
  • 10-year interest only, 20-year amortization period
  • Eligible for primary and second homes for purchases and rate/term refinances
  • One appraisal required for purchases up to $3M and refinances up to $2M*
  • Two appraisals required for refinances over $2M*
  • Loan amounts up to $1M require 12 months of reserves in addition to any reserves required by AUS
  • Loan amounts over $1M require 24 months of reserves in addition to any reserves required by AUS

*Appraisal waivers are not applicable on Prime Jumbo, Prime Jumbo Released, Prime Jumbo ARMs and Prime Jumbo Interest Only.

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