HousingWireHousingWire
United Wholesale Mortgage (UWM) announced today it has again extended its “60bps for 60 Days” program, which provides independent mortgage brokers with a 60 basis points pricing advantage on loans.
Initially launched in December 2024, today’s announcement marks the second extension of the program, which is now set to conclude on May 31.
This pricing incentive remains applicable to eligible conventional or government loans for borrowers with a FICO score of 720 or higher. It will be available to all UWM clients through April 30, and can be extended through May 31 for those who achieve PRO Elite 100+ status in March or April, a press release from the Michigan-based company confirmed.
The announcement follows the company’s March 26 announcement that it is extending its removal of Loan Level Pricing Adjustments (LLPAs) on government loans for borrowers with a FICO score of 600 and above. That program, originally available until March 31, 2025, is now available through May 31, 2025.
UWM has commonly extended its pricing incentives. In September 2024, UWM launched a 75-bps incentive program for conforming conventional and government-backed rate-and-term refinances. Initially set to end on Oct. 31, 2024, the program was extended through Nov. 29, 2024.
