UWM previously offered this product in May 2024, at which time the company’s contribution was up to $4,000. The company suggested that the down payment assistance can allow borrowers to retain funds for other expenses such as furniture, moving costs, repairs, or potentially to buy down their interest rate.
The reintroduction comes after UWM reported a 17.1% year-over-year increase in loan production for the first quarter of 2025, totaling $32.4 billion. The rise was attributed to a 92.5% increase in refinance activity. UWM also reported a quarterly net loss of $247 million, primarily due to mortgage servicing valuation adjustments.
UWM has also announced other product updates in recent weeks, including 5/1 FHA and VA adjustable-rate mortgages and the rollout of two artificial intelligence tools, “Mia” and “LEO,” designed to assist mortgage operations.
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