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 starting at $1 over the county loan limit
  • 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

With Prime Jumbo, UWM will exclusively service the loan, maintaining borrower solicitation protection. Prime Jumbo Released, Prime Jumbo ARMs, Prime Jumbo Interest Only and Prime Jumbo Max products are sold immediately and can be sold multiple times to different investors. There is no borrower solicitation protection on these products, which typically results in a savings passed directly to the borrower.

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)

  • Loan amounts up to $3M
  • 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 from two different appraisers 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 (30-Year Fixed)

  • Loan amounts up to $3M
  • 680+ FICO and up to 45% DTI
  • Up to 89.99% 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 from two different appraisers 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)

  • Loan amounts up to $3M
  • 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 from two different appraisers 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)

  • Loan amounts up to $3M
  • 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 from two different appraisers 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

Prime Jumbo Max (30-Year Fixed)

  • Loans up to 80% LTV
    • Loan amounts up to $2.5M
    • 700+ FICO and up to 43% DTI
    • Eligible for primary and second homes for purchases and rate/term and cash-out refinances
    • One appraisal required for loans up to $2M*
    • Two appraisals, from two different appraisal companies, required for loans over $2M*
    • For primary purchase loans up to $2M – 12 months reserves required
    • For second home loans over $2M – 18 months reserves required
    • For primary cash out loans up to $1M – 12 months reserves required (up to $300,000 cash back)
    • For primary and second home loans over $1M – 18 months reserves required (up to $300,000 cash back)
    • For primary cash out loans between $1.501-$2M – 12 months reserves required (up to $500,000 cash back)
    • For second home cash out loans between $1.501-$2M – 18 months reserves required (up to $500,000 cash back)
  • Loans with an LTV between 80.01-96.5%
    • Loan amounts up to $1.5M
    • 720+ FICO and up to 40% DTI
    • Eligible for primary purchases and rate/term refinances
    • One appraisal required for loans up to $1M*
    • Two appraisals from two different appraisers required for loans over $1M*
    • For primary purchase loans up to $1.5M – 24 months reserves required

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

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