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United Wholesale Mortgage Review 2022

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At a glance

United Wholesale Mortgage


Rating: 3.8 stars out of 5
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Bankrate Score

Mortgage Percent

Loans offered

Conventional, jumbo, FHA, VA, USDA, fixed-rate, adjustable-rate; rate-and-term, cash-out and streamline refinancing; home equity lines of credit (HELOCs)


Nationwide Availability

Available in all U.S. states

Credit Good

Min. credit score required

640 for conventional loans; 680 for jumbo loans; 580 for FHA loans; 640 for VA loans

Pros and cons

Checkmark Pros

  • High loan amounts available for conventional financing
  • Option for low $200 to $350 closing fees
  • Fast turnaround times for new loan originations (14 days or less on average)
  • Fee-free digital payment option

Close X Cons

  • Doesn't lend directly to borrowers

United Wholesale Mortgage overview

United Wholesale Mortgage (UWM), as its name suggests, is a mortgage wholesaler, meaning it doesn’t lend directly to borrowers. Instead, you’ll apply for a loan through a mortgage broker, and many of the specific loan terms and fees will vary. Founded in 1986, this leading lender is headquartered in Pontiac, Michigan.

United Wholesale Mortgage is good for

Borrowers working with a mortgage broker

Breakdown of United Wholesale Mortgage overall score

  • Affordability: United Wholesale Mortgage is a wholesale lender; you’ll learn what rate you qualify for via your broker, who might be able to snag you savings on closing costs.

  • Availability: UWM works with brokers and borrowers across the U.S., and recently added home equity options to its product lineup.

  • Borrower experience: UWM is a top lender in terms of volume. Working with a broker, you might find the experience more hands-on compared to that of other lenders.


To determine a mortgage lender’s Bankrate Score, Bankrate’s editorial team rates lenders on a scale of one to five stars based on a variety of factors relating to the lender’s products and services. Bankrate’s partners compensate us, but our opinions are our own, and partner relationships do not influence our reviews. Here is our full methodology.

Affordability: 3/5

Because it’s a wholesale lender, United Wholesale Mortgage doesn’t publicize rates on its website. (The broker you work with might, however.) The lender offers the option of a flat closing fee between $200 and $350. There’s also a $34 fee for a credit report check.

One other notable perk: UWM doesn’t charge an escrow waiver fee on most conventional loans. That means borrowers who choose to waive escrow (in other words, pay taxes and insurance on their own) won’t have to pay extra to do so.

Availability: 4/5

Brokers who work with United Wholesale Mortgage have access to conventional, FHA, VA and USDA loans, which means you might have several options to suit your credit and financial circumstances. The lender has added home equity solutions to the fold, as well: a standard line of credit and a so-called piggyback line of credit, the latter of which allows borrowers with lower down payments to obtain a purchase loan and line of credit at the same time.

Borrower experience: 4.3/5

United Wholesale Mortgage is a leading player in the space, with an A+ rating from the Better Business Bureau.

You can’t apply directly for loans through United Wholesale Mortgage, but can find a mortgage broker to help at Depending on the broker you work with, you might be able to get preapproved or prequalified online. Some of the brokers who work with the lender might also offer other online conveniences and resources like educational tools and paperless underwriting.

Refinancing with United Wholesale Mortgage

As with purchase loans, all refinancings through United Wholesale Mortgage must be done through a mortgage broker.

Alternatives to United Wholesale Mortgage

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Written by

Jeff Ostrowski

Senior mortgage reporter

Jeff Ostrowski covers mortgages and the housing market. Before joining Bankrate in 2020, he wrote about real estate and the economy for the Palm Beach Post and the South Florida Business Journal.

Edited by

Suzanne De Vita

Arrow Right

Mortgage editor