CONVENTIONAL 1% DOWN
Open more doors to homeownership With UWM’s Conventional 1% Down program.
When income-qualified buyers put 1% down, UWM will pay an additional 2%, up to $4,000, giving them a 3% total down payment.
For borrowers with income at or below 80% of the Area Median Income (AMI)
620+ FICO
30-year fixed loans with an LTV of 97%
Eligible for primary purchases only
Lower down payment
Get into a house sooner by reaching the down-payment savings goal faster
More money for furniture, house repairs and maintenance