Media Alert: UWM Expands Home Affordability Product Offerings for First-Time Homebuyers

Pontiac, July 12, 2023 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today it released two additional home-affordability products designed to help underserved borrowers achieve homeownership.

Effective immediately, UWM is offering Special Purpose Credit Programs (SPCP) for HomeReady® and Freddie Mac’s BorrowSmartSM Geo-Target. These offerings will be available in select areas including Detroit, Baltimore and Chicago for Freddie Mac’s BorrowSmartSM and Detroit, Baltimore, Chicago, Atlanta, Memphis and Philadelphia for HomeReady® SPCP.

Qualified buyers will receive up to $10,000 toward their down payment/closing costs with the Freddie Mac BorrowSmartSM Geo-Target Assistance program, or they will receive $5,000 toward their down payment/closing costs and up to $1,000 toward home warranty/appraisal costs with HomeReady® SPCP.

Additional details on specific qualifications can be found on the product details page, located here.

This announcement follows the expansion of UWM’s Bank Statement loan options, which provide additional flexibility for independent mortgage brokers and their self-employed borrowers.

UWM supports independent mortgage brokers with industry-leading training, technology and service. Borrowers and real estate agents looking to work with an independent mortgage broker in their local area can visit findamortgagebroker.com. For more information on how to sign up to become a broker in the UWM network, visit uwm.com.