Conventional Loan Products


The obvious choice for your top-tier borrowers! Comprised of some of the best conventional rates and pricing in the industry, UWM's Elite program allows you to close quickly, while generating solid referrals. 

  • 700+ FICO, up to 80% LTV
  • Loan amounts from $125,000 up to county loan limits
  • Eligible for primary, second and investment homes
  • Appraisal Waivers honored
  • Includes conventional and high balance

Elite M.I.

Elite M.I. combines the cheapest lender-paid mortgage insurance in the industry with some of the lowest borrower-paid pricing, which means you only have to go one place to deliver a lower payment for your 640+ FICO borrowers. And since UWM is delegated with the M.I. companies, you’ll save 3–7 days on every loan by eliminating the second underwrite with no overlays.

  • Among the lowest mortgage insurance rates in the industry
  • Instant M.I. saves 3-7 days on the loan process
  • No overlays
  • No adjustments for DTI or number of borrowers
  • Starts at 640 FICO


Conquest is an exclusive program designed to help you win new business by offering competitive rates at the lowest rate ranges on all purchases and on any refinances where the borrower hasn’t closed a loan with UWM in the last 18 months. For those who haven’t joined our network yet, that could be nearly all of your past borrowers. With 30-year fixed rates ranging from 1.999%-2.999%* on purchases and rate/term refinances, it’s a great way to add borrowers to your roster, grow relationships with real estate professionals and wow them all with UWM’s fast turn times, elite service and groundbreaking technology. Conquest is also available for VA borrowers with rates starting at 2.25%, click here to learn more.

  • Primary and secondary homes
  • Purchase and rate/term refinances
  • Offer very competitive rates at the lowest rates ranges
  • Obtain new clients and gain referrals
  • Establish and strengthen realtor relationships
  • Close your loan in 22 days or less
  • Exact Rate and Flex Term are available


Qualify more first-time homebuyers with this 3% down payment solution.

  • Purchases up to 97% LTV
  • No income restrictions
  • Available in all geographic locations
  • Eligible for single family homes, including townhouses and condos
  • At least one borrower must be a first time homebuyer
  • LPA only


Conventional options for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Fannie Mae Lookup Tool to see if a subject property meets the county loan limit requirement.

  • Purchases up to 97% including FTHB
  • Refinances serviced by FNMA eligible up to 97% LTV
  • Reduced Mortgage Insurance
  • High Balance available
  • Income up to 80% of the AMI
  • Gift funds eligible for entire down payment

Home Possible

A great alternative to FHA financing for borrowers looking to purchase with a low down payment or refinance with limited equity. Use the Freddie Mac Lookup Tool to see if a subject property meets the county loan limit requirement.

  • Up to 97% LTV
  • First time homebuyers, move-up borrowers and retirees
  • Refinances up to 97% LTV, regardless of current mortgage program
  • High Balance available
  • Income up to 80% of the AMI

High Balance

Time is of the essence with every borrower. Don’t wait while your borrower shops around—give them the most competitive rates and close their high balance loan in record time!

  • Loan amounts from $548,251 up to county loan limit
  • LTV's as high as 90%
  • 640+ FICO

Elite High Balance

Elite High Balance offers some of the best conventional high balance rates and pricing for your top-tier clients. You'll receive industry-leading turn times, direct access to underwriting and award-winning technology with every loan.

  • 700+ FICO
  • Up to 80% LTV
  • Loan amounts from $548,251 up to county loan limits
  • Appraisal Waivers honored
  • Underwrite to AUS findings
  • Includes convention and high balance

Flex Term

Customize the perfect loan for your borrower without resetting the mortgage clock! Flex Term provides borrowers with flexible options to select their amortization term.

  • Available on all conventional loan products
  • Terms available from 8–30 years

Limited Review Condos

UWM makes your condo approvals quick and easy with our limited review process. All files receiving a limited review response in AUS will only need a minimum evaluation by our condo department.

  • Available in all 50 states
  • No condo questionnaire required

Single Premium M.I.

Single Premium M.I. allows a one-time, up-front M.I. premium to eliminate the monthly M.I. payment, while ensuring the maximum credit to offset the closing fees. Strengthen your purchase business by giving your borrower the best of both worlds.

  • Both financed and non-financed options available
  • Down payment as low as 3%
  • Use seller contributions to eliminate monthly M.I.
  • Accommodate a low rate and payment while providing a premium credit to negate closing costs
  • Empower your clients to qualify for the home of their dreams

Split 50 and Split 100

Split 50 and Split 100 is a hybrid program combining a single-premium M.I. adjustment with the balance of the M.I. premium to be paid at a reduced monthly rate. Your client will benefit from a lower monthly M.I. payment, saving them hundreds of dollars every month while giving them a great low rate.

  • LTVs up to 95%
  • Split 50 at only 50 basis points
  • Split 100 is a less expensive option for your borrower than FHA loans
  • Underwrite to AUS findings

Texas Cash Out

Cash in with Texas Cash Out, UWM’s Texas 50(a)(6) product! UWM closes all Texas loans in record time.

  • Close in 20 days or less
  • Hassle-free with UWM’s direct communication and rapid turn times

*The principal, interest and MI payment on a $330,000 30-year Fixed-Rate Loan at 2.625% and 90% loan-to-value (LTV) is $1,402.45. The Annual Percentage Rate (APR) is 3.005% with estimated finance charges of $11,000. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premiums, which will result in a higher actual monthly payment. Rates current as of 11/10/2020. Subject to borrower approval. Some exclusions may apply.


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