Requirements
Your eligibility for a UWM loan can be determined by a mortgage broker approved by this company. The uniform requirements for obtaining a UWM mortgage are:
- At least two years of work experience;
- The borrower's credit rating is FICO 620 or higher;
- The borrower must not have bankruptcy for at least two years.
The company works in all 50 states (including Columbia), so you can apply from any place in the country. The United Wholesale Mortgage LLC will check your incomes carefully, but you can use your assets as incomes if you have got some.
Application details
To apply for a UWM mortgage, they require a standard set of documents:
The identity card of the established sample
- The borrower's latest payment receipts;
- Bank statements received by the borrower in the last two months;
- Tax returns and W-2 for the previous two years;
- Contact information for proof of employment;
- Property and insurance documents.
Note that the company is a wholesale lender and works only through mortgage brokers. In order to be approved for the loan you need at the right rate, you should first find the nearest broker of the company. He will help you apply and get the most convenient option for you and avoid rejection.
How to apply for a loan
To apply online for a mortgage with United Wholesale Mortgage, you should take the following steps:
- Open the company's website;
- Select the About Us section, go to the Find a mortgage lender section;
- Enter your address so that the company will provide you with a list of brokers in your state;
- Select a suitable broker and find his contact information.
