Down payment assistance programs continue to be valuable resource for homebuyers across the country. To help our real estate partners grow their business and better serve borrowers, we offer an exclusive 0% Down Purchase program through UWM. Simply put, qualified borrowers receive a 3% down payment assistance loan, up to $15,000, from UWM. This allows our partners to help more buyers get into a home right now with no down payment.

Here’s how it works:

  • First lien mortgage meets LTV requirements
  • UWM provides a second lien mortgage for 3% of the purchase price, up to $15,000
  • Second lien has no monthly payment requirement and no interest
  • Second lien balance is due when the first lien loan is refinanced or paid off, whichever comes first
  • Payments on the second lien can be made throughout the loan term, but are not required

How borrowers can qualify:

  • Borrowers must be at or below 80% of the Area Median Income (AMI) for the address of the property they are buying and meet Home Possible® guideline requirements
    • For very-low income borrowers whose qualifying income is at or below 50% AMI (VLIP borrowers), they will receive a $2,500 credit as part of the 3% assistance
      • This credit does not need to be repaid by the borrower and lowers their debt obligation from the second lien
    • 620+ FICO and LTV must be equal to or greater than 95% LTV, up to 97%


  • At least one borrower must be a first-time homebuyer and meet HomeOne® and UWM’s guideline requirements
    • First-time homebuyer is defined as someone who has not had ownership interest in a home in the last 3 years
    • 700 FICO and LTV must be greater than 95%, up to 97%

Information subject to change. Certain restrictions apply. Subject to approval of borrower and investor guideline requirements. Down payment is provided as a 2nd lien against the subject property. 2nd lien bears a 0% interest rate and cannot exceed a $15,000 loan amount. 2nd lien has no minimum monthly payment requirements, a term of 360 months and is fully due as a balloon payment upon the occurrence of either a refinance of the 1st lien, payoff of the 1st lien or the final payment of the amortization schedule of the 1st lien. Borrower must qualify based on Home Possible® or HomeOne® guidelines. Some exclusions may apply.

The principal, interest, and MI payment of a $350,000 30-year Fixed-Rate Loan at 6.75% and 97% loan-to-value (LTV) is $2270.09. The Annual Percentage Rate (APR) is 6.949% with estimated finance charges of $6,500. The principal and interest payments, which will continue for 360 months until paid in full, do not include taxes and home insurance premium, which will result in a higher actual monthly payment. Rates current as of 5/20/24. Subject to borrower approval. Some exclusions may apply.