United Wholesale Mortgage (UWM) announced Wednesday 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.

The program applies to Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA) and U.S. Department of Agriculture (USDA) loans. 

LLPAs, which are fees based on a borrower’s risk profile that affect the cost of a mortgage, typically reduce costs for low-risk borrowers while increasing costs for those deemed higher risk.

The Federal Housing Finance Agency (FHFA)’s updated pricing framework in 2023 sparked details ⇒

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