CONVENTIONAL UWM LOAN PRODUCTS WE OFFER
UWM "ELITE" LOAN PROGRAMS
For clients who have great FICO credit scores, you will get some of the best conventional, VA, FHA and Jumbo Loan rates and pricing in the industry, UWM's "Elite" program is for people who manage credit well. Our goal at Apex Mortgage Brokers is to be your mortgage coach to help you achieve this prestigious level .
- "Elite" Purchase Primary Residence Conforming Loans ($125,00 Loan Amounts Up to $647,200 Conforming Loan Limit for 2022)
700+ FICO Score
80% Loan to Value (2nd Loans Allowed up to 95% Combined Loan to Value except on manufactured homes) - "Elite" Refinance Primary Residence Conforming Loans ($125,00 Loan Amounts Up to $647,200 Conforming Loan Limit for 2022)
700+ FICO Score
UWM ELITE M.I. CONVENTIONAL LOANS
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
HOMEONE CONVENTIONAL LOANS
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
HOMEREADY 3% DOWN CONVENTIONAL LOANS (Video)
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.
- FREE Home Buyer Online Classes Availble (Link)
- 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 3% DOWN CONVENTIONAL LOANS (Video)
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.
- FREE Home Buyer Online Classes Availble (Link)
- 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
CONFORMING HIGH BALANCE LOANS
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 $510,401 up to county loan limit
- LTV's as high as 90%
- 640+ FICO
- Available in all 50 states, both fixed and ARM loans
ARMS
UWM’s aggressive ARM pricing can provide a lower payment for your client! Secure your borrower in a competitive 5/1, 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 5/1 ARM
- 7/1 ARMs qualify at the actual note rate
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
(Very Important in Colorado's Ski Towns in Eagle, Pitkin, Summit, and Gilpin Counties)
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