{"id":49812,"date":"2026-05-06T19:19:18","date_gmt":"2026-05-06T16:19:18","guid":{"rendered":"https:\/\/mk.gen.tr\/uwm-rolls-out-1-0-buydowns-expands-into-home-equity-lending\/"},"modified":"2026-05-06T19:19:18","modified_gmt":"2026-05-06T16:19:18","slug":"uwm-rolls-out-1-0-buydowns-expands-into-home-equity-lending","status":"publish","type":"post","link":"https:\/\/mk.gen.tr\/en\/uwm-rolls-out-1-0-buydowns-expands-into-home-equity-lending\/","title":{"rendered":"UWM rolls out 1-0 buydowns, expands into home equity lending"},"content":{"rendered":"<p><strong>United Wholesale Mortgage <\/strong>(UWM) is rolling out free 1-0 temporary rate buydowns on purchase loans alongside a new suite of home equity products aimed at helping brokers retain borrowers.<\/p>\n<p>Effective immediately, the lender will cover the cost of 1-0 buydowns on both conventional and government purchase mortgages, issuing a credit to fully offset the expense. The offer\u2014available on 8- and 30-year terms\u2014runs through June 30.\u00a0<\/p>\n<p>Under a 1-0 buydown, the borrower\u2019s payment is calculated as if the interest <a href=\"https:\/\/www.housingwire.com\/articles\/uwm-purchase-boost-50\/\">rate<\/a> were 1 percentage point lower in the first year. UWM\u2019s structure gives borrowers a lower first-year payment at no additional cost to the <a href=\"https:\/\/www.housingwire.com\/articles\/mortgage-rates-6-5\/\">borrower <\/a>or the broker, with the lender credit covering the buydown.<\/p>\n<p>Temporary buydowns have been one of the most widely used tools to manage payment shock in a high-rate environment, particularly on purchase loans. By removing the buydown cost, lenders give brokers another concession they can bring to sellers or listing agents and a way to differentiate in a market where rate competition is tight and margins are thin.<\/p>\n<p>In a separate move, <a href=\"https:\/\/www.housingwire.com\/articles\/uwm-two-harbors-12-offer\/\">UWM<\/a> also introduced home equity loans, offered as both standalone and piggyback second liens. The products provide a fixed rate and fixed term, funded in a single lump sum.<\/p>\n<p>The loans allow debt-to-income ratios up to 50%, and range from $25,000 to $500,000. They\u2019re available on primary residences, second homes and investment properties.<\/p>\n<p>The standalone option targets homeowners looking to tap equity without disturbing a low-rate first mortgage\u2014whether for renovations, debt consolidation or education costs.<\/p>\n<p>The piggyback structure, meanwhile, can be used at purchase to avoid private mortgage insurance by keeping the first lien within conforming loan-to-value limits, or to sidestep jumbo financing by pairing a conforming first with a second lien.<\/p>\n<p><em>Fl\u00e1via Furlan Nunes reported and wrote this article with drafting assistance from HousingWire Automation, an editorial tool that helps transform announcements and industry data into HousingWire-style news coverage.<\/em><\/p>","protected":false},"excerpt":{"rendered":"<p>United Wholesale Mortgage (UWM) is rolling out free 1-0 temporary rate buydowns on purchase loans alongside a new suite of home equity products aimed at helping brokers retain borrowers. Effective immediately, the lender will cover the cost of 1-0 buydowns on both conventional and government purchase mortgages, issuing a credit to fully offset the expense&#8230;.<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49812"}],"collection":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/comments?post=49812"}],"version-history":[{"count":0,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/posts\/49812\/revisions"}],"wp:attachment":[{"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/media?parent=49812"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/categories?post=49812"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mk.gen.tr\/en\/wp-json\/wp\/v2\/tags?post=49812"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}