Conventional Loan Products

ELITE

Comprised of some of the best conventional rates and pricing in the industry, Our Elite program allows you to close quickly, with elite pricing.

700+ FICO, up to 80% LTV
Loan amounts from $200,000 up to County Loan Limits
Eligible for primary and second homes and investment properties
Appraisal Waivers honored
Underwrite to AUS findings
Includes Conventional, High Balance and ARMs

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 get a lower payment with your great 640+ FICO. And since we are 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

HOMEONE

We 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
LP only

HOMEREADY

Conventional options for buyers 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 NATIONWIDE UP TO 90% LTV

We offer conventional high balance loans up to 90% LTV featuring faster turn times, conventional pricing and our exclusive M.I. Buyout to all of our buyers Texas-wide. Details include:

Purchases and rate and term refinances up to 90% LTV; cash out refinances up to 80% LTV
Minimum 680 FICO
Minimum loan amount $1 over county loan limit. Maximum loan amount $765,600 for 1-unit and $980,325 for 2-unit properties.
Better rates, easier guidelines and faster turn times than Jumbo
Eligible for primary, second and investment homes

Conforming in all material respects except for loan amount in certain markets.

ELITE HIGH BALANCE

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

700+ FICO
Up to 80% LTV
Loan amounts from $510,401 up to County Loan Limits
Appraisal Waivers honored
Includes Conventional, High Balance and ARMs

HIGH BALANCE

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

Loan amounts from $510,401 up to County Loan Limit
LTV's as high as 90%
640+ FICO

FLEX TERM

Customize the perfect loan for you without resetting the mortgage clock! Flex Term provides our buyers with flexible options to select their amortization term.

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

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

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