Specialized Products

One-Time Close New Construction Loans

Earn new business from real estate agents and builders with UWM’s One-Time Close New Construction loans, plus let your borrowers get the dream home they want — all with the faster, easier process UWM is known for. The best part? One closing! Which means one interest rate (with the option to modify down if the market improves), one down payment, one full credit report to order and one approval.

  • Conventional Loans
    • Available on 15-and 30-year fixed conventional, high balance and 7- and 10-year ARM options
    • Eligible on primary, second and investment property purchases and rate/term refinances
    • Loan amounts up to the conforming loan limits
    • 700+ FICO, up to 95% LTV
    • DU eligible
    • 11-month maximum build period with 1-month modification period
    • Interest-only monthly payments during the build period
  • VA Loans
    • Available on 30-year fixed loans
    • Loans up to $4M
    • Eligible on primary home purchases and cash-out refinances
    • 580+ FICO, up to 100% LTV
    • DU eligible
    • 11-month maximum build period with 1-month modification period (build period is deducted from the loan term)
    • No monthly payments during the build period

This product is not eligible on attached condominiums, cooperative properties or temporary rate buydowns.

CEMA Loans

CEMA loans (Consolidating Extension Modification Agreement) can help borrowers save money on closing costs when purchasing or refinancing a home in the state of New York.

Available in New York only. Not eligible on co-op properties.

Temporary Rate Buydowns

UWM’s Temporary Rate Buydowns give your borrowers more flexibility by lowering their interest rate and monthly payment for the first 1-3 years of their mortgage

  • Seller- and lender paid 1- and 2- and 3-year buydown options
  • Eligible on primary and second home purchases for conventional 15- and 30-Year Fixed loans and ARMs
  • Eligible on primary home purchases for FHA and VA 15- and 30-Year Fixed loans
  • Eligible on primary and second home purchases for Prime Jumbo 30-Year Fixed loans

Standalone HELOC (20- OR 30-YEAR)

UWM’s Standalone HELOC allows you to offer your borrowers a simple way of tapping into their home’s equity. It’s a popular option for accessing cash that can be used to pay down debt, make home improvements, cover tuition and more.

  • Loan amounts up to $500,000
  • 640+ FICO, up to 90% CLTV
  • $25,000 minimum line amount, initial draw must be 75% of line amount
  • 3- and 10-year draw options available
  • 20-Year HELOC
    • Available on primary and second homes
    • For line amounts up to $250,000, only an approved AVM is required
    • Line amounts over $250,000 require a full appraisal
  • 30-Year HELOC
    • Available on primary, second and investment properties
    • For line amounts up to $400,000, only an approved AVM is required
    • Line amounts over $400,000 require a full appraisal

*Standalone HELOCs are not eligible in Texas, Iowa and Vermont

Piggyback HELOC (30-YEAR)

With UWM’s Piggyback HELOC your qualified borrowers can secure a mortgage on a home while simultaneously opening a home equity line of credit. Ideal for borrowers with less available for a down payment — the additional borrowed money can help them avoid paying private mortgage insurance.

  • Available on primary, second and investment property purchases, rate/term and cash-out refinances on conventional loans
  • Loan amounts up to $500,000
  • 680+ FICO, up to 90% CLTV
  • $20,000 minimum line amount, initial draw must be 75% of line amount
  • For line amounts up to $400,000, an appraisal waiver is accepted with an approved AVM
  • 3- and 10-year draw options available

*Not eligible in Texas

Information subject to change. Certain restrictions apply. Subject to borrower approval.

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