Media Alert: UWM Adds 4 New Bank Statement Loan Offerings

Pontiac, June 28, 2023 – United Wholesale Mortgage (UWM), the #1 overall mortgage lender in America, announced today 4 new Bank Statement loan options, providing additional flexibility for independent mortgage brokers and their self-employed borrowers.

The expanded product offerings give brokers increased transparency into investor guidelines and borrower qualifications, helping them to find the right option for their self-employed clients. With these products, they can provide bank statements to verify income instead of tax returns, W2s or pay stubs to qualify for loans up to $3M with LTVs up to 90% and no mortgage insurance required. This will give independent mortgage brokers another competitive edge with real estate agents and non-W2 borrowers.

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

This announcement follows the rollout of six fixed-rate jumbo products, giving loan officers the flexibility to tailor a fixed jumbo loan to each borrower’s situation, helping them get into their homes faster, easier and cheaper.

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.