Conventional Loan Productions
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.
Up to 80% LTV
Loan amounts from $200,000 up to County Loan Limits
Appraisal Waivers honored
Underwrite to AUS findings
Includes Conventional, High Balance and ARMs
High balance nationwide up to 90% LTV
Offer conventional high balance loans up to 90% LTV featuring exclusive M.I. Buyout to all of your borrowers nationwide — even those outside of the counties eligible under Fannie Mae and Freddie Mac — instead of having to opt for a Jumbo loan. Details include:
UWM’s Mortgage Insurance Buyout is typically cheaper than LPMI with no M.I. certificate needed
Purchases up to 90% LTV; refinances up to 80% LTV
Min 680 FICO; Max 43% DTI
Loan amounts from $453,101–$679,650
Better rates, easier guidelines and faster turn times than Jumbo
Eligible for primary and second homes
Conforming in all material respects except for loan amount in certain markets
Aggressive ARM pricing can provide a lower payment for your client! Secure your borrower in a competitive 5/1, 5/5, 7/1 or 10/1 low interest rate ARM.
Provide savings for your clients with lower rate and payment options
Quickly and easily price out your loans with Easy Qualifier (EQ) to determine your borrower’s best scenario
Reduced caps to 2/2/5 on all 5/1 and 5/5 ARM products
7/1 ARMs qualify at the actual note rate
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.
Significantly lower M.I. premiums than other lenders
LPMI available up to 97% LTV
Underwrite to AUS findings
M.I. certificates issued in-house with no M.I. overlays
Qualify more first-time home buyers 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
No cash-out refinances available up to 95% LTV
85% Conventional Cash-Out Refinance
Just because rates are on the rise shouldn’t mean an end to your refi business. UWM is here to help by increasing Cash-Out Refinances from 80% LTV to 85% LTV. So you get more refi business and your clients have more money on hand. Everybody wins.
Primary homes only
Reduced mortgage insurance premiums
Limited Review Condos
Make 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.
No condo questionnaire required
Jumbo 90% LTV
Jumbo 90% LTV with no M.I. gives your borrowers the option of making a lower down payment or the ability to increase their buying power. It’s a great way to grow your Jumbo business and build a highly valuable referral network.
Up to 90% LTV
No mortgage insurance
43% maximum DTI