Properly, it seems the rumors had been true. You’ll quickly be capable to earn Bilt factors while you make your month-to-month mortgage cost.
At the moment, UWM and Bilt introduced preliminary particulars concerning their partnership, which comes on the heels of a $100 funding within the housing loyalty program again in July.
Whereas we solely know somewhat bit to this point, we do know that UWM clients will earn Bilt factors when making on-time mortgage funds.
This extends the Bilt platform into mortgage, because it presently solely rewards renters for making on-time rental funds every month.
UWM clients will even acquire entry to unique neighborhood advantages and particular affords from greater than 40,000 native retailers nationwide.
Earn Bilt Factors for Merely Paying the Mortgage Every Month
As famous, we don’t know all this system specifics simply but, which the pair mentioned will start a “phased rollout” in early 2026.
However we do know that when you’re a United Wholesale Mortgage buyer you’ll quickly be capable to earn Bilt factors when paying the mortgage.
This appears to work equally to their present Bilt factors for lease, the place you earn one level for every greenback of lease.
For instance, somebody who pays $2,500 per thirty days in lease earns 2,500 Bilt factors every month. Nevertheless, that program requires you to open the Bilt Mastercard.
And you need to make a minimal of 5 transactions every assertion interval to earn the factors in your lease. It’s additionally capped at 100,000 factors max yearly.
It’s unclear how the brand new Bilt/UWM partnership will work and when you’ll have to open a Bilt bank card.
But it surely wouldn’t shock me if it’s a requirement past merely being a UWM mortgage buyer.
As well as, you’ll in all probability have to spend X quantity per thirty days, or make X transactions per thirty days to earn the factors for mortgage funds.
The distinction although is that lease is definitely paid by way of the Bilt Mastercard, whereas you may’t make mortgage funds with a bank card.
As an alternative, there’ll in all probability be an association the place your month-to-month mortgage quantity earns factors, however is paid by way of your typical methodology corresponding to a checking account.
That is how rival Mesa is doing it. They award you the factors for the mortgage cost every month, however you pay it as regular, not with their Mesa Owners bank card.
You merely inform them your month-to-month mortgage quantity, then so long as you spend no less than $1,000 in non-mortgage spend every month, you earn one level per greenback.
So if the mortgage quantity you enter (and confirm) is say $3,000, you earn 3,000 Mesa factors every month so long as you spend $1,000 on Mesa’s related bank card.
I’d think about Bilt will set this all up in related vogue to make sure they’re really making a living on the deal.
UWM Prospects Might Earn Bilt Factors for Acquiring a Mortgage Too
The joint press launch additionally mentioned you’ll be capable to “earn Bilt Factors throughout origination.”
Whereas it’s not completely clear what meaning, it might be just like Mesa Mortgage rewarding its clients with one level for each greenback of their mortgage quantity.
So when you’re a Bilt member and you’re employed with a UWM-approved mortgage dealer to get your mortgage, maybe you’ll additionally earn one level per greenback on the mortgage quantity.
Simply notice that this partnership somewhat distinctive as a result of UWM is a wholesale mortgage lender, which means they don’t work instantly with the general public.
As an alternative, it’s essential to work with an impartial mortgage dealer who occurs to be authorized with UWM and who chooses to ship your mortgage to UWM as a substitute of one other wholesale lender accomplice.
Assuming they do, you would possibly be capable to earn extra Bilt rewards factors.
Apart from the purpose incomes, each dwelling mortgage originated by way of UWM might be embedded with Bilt advantages.
This contains entry to unique neighborhood advantages and particular affords from 40,000+ native retailers nationwide.
On the opposite finish of issues, Bilt’s dwelling shopping for platform will allow its members “to immediately uncover houses primarily based on all-in pricing.”
So my guess is there might be a form of lead funnel that sends Bilt’s lease customers to UWM if and after they resolve to make the soar to homeownership.
Considerably just like how Redfin customers are actually despatched to Rocket Mortgage for a house mortgage.
Earlier than creating this web site, I labored as an account govt for a wholesale mortgage lender in Los Angeles. My hands-on expertise within the early 2000s impressed me to start writing about mortgages 19 years in the past to assist potential (and current) dwelling consumers higher navigate the house mortgage course of. Observe me on X for decent takes.