UWM Lowers FICO Requirements on Government Loans – NMP Skip to main content

UWM Lowers FICO Requirements on Government Loans

Feb 09, 2018
After airing in numerous markets nationally, FindAMortgageBroker.com had in excess of 75,000 site visitors in the first 48 hours

United Wholesale Mortgage (UWM) has announced that it has lowered its minimum FICO requirement from 680 to 640 on FHA and VA Elite loans, in addition to lowering the minimum loan amounts for Elite loans from $175,000 to $125,000 with no LTV cap.
 
UWM also announced that it has lowered its minimum FICO on non-Elite FHA, VA and USDA loans from 640 to 620.
 
These changes were designed to give even more borrowers access to lower rates and faster turn times.

 
About the author
Published
Feb 09, 2018
Rocket Makes VantageScore Its Default After Testing Finds Borrower Savings

After four months of testing, Rocket will make VantageScore 4.0 its preferred model for eligible retail loans while keeping both scoring options available to brokers

Sep 29, 2026
CHLA: More Freddie Mac MBS Buying Could Narrow Mortgage Spreads

Trade group estimates greater Freddie participation could compress spreads another 10 to 12 basis points as Fannie has taken the lead in GSE mortgage-bond buying

Sep 23, 2026
Early Loan-Limit Race Splits Into Three Tiers

Lenders are now offering $845,000, $847,440, or $850,000 before FHFA sets the official 2027 limits

Sep 23, 2026
Better, Garg Clash Over Claimed 46% Shareholder Support

Better disputes its former CEO’s preliminary consent count as the two sides trade accusations and an Oct. 2 target date approaches

Sep 23, 2026
Fannie Changes How Rent From A Former Home Counts

Fannie now prohibits leases for departing residences and permits market-analysis tools instead of Form 1007, creating a key documentation difference from Freddie Mac