United Bank of Union Home Loans
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United Bank of Union offers loans for various needs including low down payment options, refinancing, construction, VA loans, and more. Whether a first-time home buyer, a veteran, or an owner looking to down-size, our experienced mortgage lenders are skilled at matching customer needs to available options. UBU is here to help you accomplish your home ownership dreams!
United Bank of Union Home Loan Options:
USDA Housing Loans
Fixed Rate Mortgage
Home Equity Line of Credit
Sponsored by the US Department of Agriculture
Makes homeownership affordable for qualified borrowers with low to moderate income in rural communities
Can provide up to 100% financing with competitive rates and terms
Insured by the Federal Housing Administration
Especially popular with first-time home buyers
Low down payment with competitive rates and terms
Conventional loan with low, fixed interest rates
Interest rate stays the same throughout the life of the loan
Several types of fixed rate mortgages exist
(HELOC)Open ended credit line based on the equity of your current home
Often a great option for expenses that may incur over a span of time, such as a large home improvement project or college tuition
Home Equity Loan
Designed to offer long-term financing to eligible American Veterans or their surviving spouses (provided they do not remarry)
Guaranteed by the U.S. Department of Veterans Affairs (VA) to those who qualify.
A loan for those who wish to build their own home and is typically a short-term loan.
After completing construction, long term financing will be needed, generally at a fixed rate.
Buy property with the goal of building a home or to hold onto the land
Home equity loan funds are disbursed in one lump sum and paid out over an established period of time
One regular monthly payment, similar to an installment loan
Commonly used for a remodel or a debt consolidation as funds are disbursed for a one-time expense
Other Home Loan Options United Bank of Union Provides:
Home Improvement Loans
First Time Home Buyer Loans
Low Cost Balloon Notes
For additional resources relating to Home Loans, see below: