Specialized Products

Bank Statement (30-Year Fixed)

To better serve self-employed borrowers, UWM is offering Bank Statement Loans, allowing qualified borrowers to be approved by providing personal or business bank statements, instead of income docs or tax transcripts.

  • 640+ FICO, with LTVs up to 85% and no MI required
  • Loan amounts up to $3M
  • Up to 50% DTI
  • Self-employed borrowers only
  • For primary home loans:
    • Loan amounts up to $1M — 6 months of reserves required
    • Loan amounts between $1M up to $1.5M — 9 months of reserves required
    • Loan amounts over $1.5M — 12 months of reserves required
  • For second and investment property loans:
    • Minimum 12 months of reserves required
  • Minimum 12 months consecutive bank statements required
  • Two appraisals from two different appraisers required for loans over $1.5M
  • Not eligible in West Virginia or on Texas 50(a)(6)

Investor Flex (30-Year Fixed)

UWM’s DSCR loan that’s perfect for investors looking to expand their real estate portfolio. It allows borrowers to use the market rent of the property to qualify, rather than their current income.

  • 640+ FICO
  • Up to 80% LTV
  • Eligible for investment property purchases, rate/term and cash-out refinances
  • Minimum debt-service coverage area ratio (DSCR) of .80
  • Finance up to 20 properties
  • Loan amounts up to $2M
  • Appraisals from two different appraisers required for loans over $1.5M
  • Minimum 2 months consecutive bank statements required
  • Not applicable in West Virginia or for Texas 50(a)(6)
  • Minimum of 6 months reserves required

One-Time Close New Construction Loans

Earn new business from real estate agents and builders, 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
    • 620+ 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.

  • Available on primary and second home loans
  • Loan amounts up to $500,000
  • 640+ FICO, up to 89.99% CLTV
  • $25,000 minimum line amount, initial draw must be 75% of line amount
  • For line amounts up to $250,000, only an approved AVM is required
  • For line amounts over $250,000, a full appraisal is required

*Not applicable in Texas

**Condos require full appraisal

Piggyback HELOC (20- OR 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 and second home purchases, rate/term and cash-out refinances on conventional loans
  • Loan amounts up to $500,000
  • 680+ FICO, up to 89.99% CLTV
  • $20,000 minimum line amount, initial draw must be 75% of line amount
  • For line amounts up to $250,000, an appraisal waiver is accepted with an approved AVM

*Not applicable in Texas

**Condos require full appraisal

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

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