United Wholesale Mortgage review April 2021 | finder.com
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United Wholesale Mortgage review

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This wholesale mortgage lender offers some of the lowest rates in the country, but it will require you to work with an independent mortgage broker to get a loan.

United Wholesale Mortgage (UWM) is a wholesale mortgage lender offering conventional and government-backed loans with rates as low as 1.99% as of February 2021. As a wholesaler, the company doesn’t offer consumer-direct loans. If you want a loan through UWM, you’ll need to find a mortgage broker who is approved to work with UWM and can help you apply for a loan.


Loan products offeredConventional, FHA, VA, USDA, Refinance
Minimum credit score620
Minimum down payment3%
State availabilityAvailable in all states
NMLS #3038

United Wholesale Mortgage requirements

To find out if you’re eligible for a UWM loan, find a mortgage broker that partners with this company.

Basic eligibility for a United Wholesale Mortgage loan includes:

  • Two years’ history of employment.
  • A FICO credit score of 620 or higher.
  • No history of bankruptcy for at least two years.


While everyone’s situation is unique, here’s a list of the standard documentation requirements for most borrowers.

  • Personal identification
  • Pay stubs for the most recent 30 days
  • Bank statements from the past two months
  • Completed tax returns and W-2s from the last two years
  • Employment verification contact information
  • Property and insurance documentation

Costs and fees

While not listed online, expect to pay about 2% to 5% of your home’s total price in fees, including application, origination and third-party fees.

How to apply for a mortgage with United Wholesale Mortgage

To apply for a mortgage with United Wholesale Mortgage, you’ll need to work with a mortgage broker that partners with the company.

To find a mortgage broker in your area:

  1. Go to the United Wholesale Mortgage website.
  2. Select About Us, then choose Find a Mortgage Broker.
  3. Enter your ZIP code to view a list of available brokers.
  4. Choose a broker from the list and fill out the contact form.
  5. Wait for the broker to contact you, and they will help you begin the process.

What types of mortgages can I get through United Wholesale Mortgage?

  • Conventional
  • FHA
  • VA
  • USDA
  • Jumbo
This company accepts mortgage refinance applications.

Other mortgage products offered by United Wholesale Mortgage

United Wholesale Mortgage also offers these specialized types of mortgages.

  • Conquest program. This is an exclusive program that helps borrowers lock in rates as low as 1.99% on conventional mortgages, mortgage refinancing, and FHA and VA loans. It’s available for borrowers who haven’t closed a loan with UWM in the past 18 months.

How United Wholesale Mortgage’s mortgage products compare to other lenders

Compared to other lenders, United Wholesale Mortgage offers a basic selection of mortgage types, including conventional and government-backed loans. What makes United Wholesale Mortgage different is its Conquest program, which offers extremely competitive rates as low as 1.99% as of February 2021 on purchase loans and mortgage refinancing for eligible borrowers.

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Need help? Talk to a customer specialist


Pros and cons of United Wholesale Mortgage


  • Conquest program. Offers some of the lowest interest rates in the country for FHA and VA loans, conventional loans and mortgage refinancing.
  • Faster than average close times. UWM averages 14 days or less from application submission to closing, which is significantly faster than the industry average of 47 days
  • Make payments online. If UWM services your loan after closing, you can make payments online through its website portal.


  • Must use a broker. To apply for a UWM loan, you must work with a broker and pay a broker’s commission.
  • May need to buy discount points. Lower rates may only be available with the purchase of discount points at closing.
  • Customer complaints. UWM has a 3.56 out of 5 rating on BBB, with 33 complaints closed in the past three years.

What is United Wholesale Mortgage?

Founded in 1986, United Wholesale Mortgage is the largest wholesale lender in the country with nearly 7,000 team members nationwide. The company is headquartered in Pontiac, Michigan, and offers mortgages in all 50 states, plus the District of Columbia. In January 2021, UWM went public by merging with Gores Holding in a deal worth $16.1 billion.

Frequently asked questions

Expert review


Review by

Kat Aoki is a mortgage writer at Finder. Since 2011, she’s helped consumers make better financial decisions with their home loans, credit cards, insurance and more. As a business writer for the real estate, mortgage and personal finance industries, she’s written hundreds of helpful, informative articles for some of the leading brands around the globe that include iSelect, InfoChoice, realestate.com.au, GE Money and Amex. Kat earned a BS in Marketing from California State University, Sacramento. She enjoys travel, hiking and photography in her spare time.

Expert review

If you’re looking for a low-rate mortgage through UWM, it may be worthwhile to contact a broker to prequalify and get your rates. If you go with a broker, keep in mind that you’ll pay a broker’s fee anywhere between .5 and 2% of the loan’s total amount. And while UWM offers low rates, it’s still worth shopping around and comparing quotes from different lenders to find the best loan for your situation.

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