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mortgage loan options
United offers a variety of mortgage options tailored to your needs, whether you're buying, building or refinancing. Our mortgage advisors are here to help every step of the way.
the right home loan starts here
explore mortgage options built for every type of homebuyer
Your mortgage shouldn’t be one-size-fits-all. United offers a full lineup of loan programs—each with different benefits, requirements, and payment structures. So you can choose the option that aligns with your budget and long-term plans. We're here to help you narrow it all down.
Whether you're buying your first home or building your dream home, our Local Mortgage Advisors are ready to find the loan that's best for your unique situation and offer advice. Let's get you one step closer to your dream home today!
Limited-time Mortgage Offers
Discover current mortgage offers for closing cost savings and special rate programs designed to support homebuyers.
Local Mortgage Advisors
Whether you’re looking to buy a new home or refinance your existing one, our team of local Mortgage Advisors are here to help.
Conventional Home Loan
A traditional and flexible mortgage option with competitive rates for a variety of property types and credit profiles.
- Fixed and adjustable rate options
- Financing for primary, second, and investment homes
- Discover more options »
$0 Down Home Loan1
This loan is designed for buyers who may not have a lot of equity or access to funds for a down payment.
- No down payment required
- Flexible terms and loan types
- See how to qualify »
HomeReady® Loan2
A flexible option for first-time or repeat homebuyers, with built-in savings to reduce monthly costs.
- Low 3% down payment
- Reduced mortgage insurance costs
- View eligibility details »
Medical Professionals Loan3
Tailored for medical professionals, this option offers flexibility and support every step of the way.
- Zero down payment, no PMI required
- Student debt may be excluded from calculations
- View eligible professions and terms »
Lot Loan
Finance land now and build when you're ready. Our lot loans provide flexible terms to match your long-term home plans.
- Buy now, build later
- Flexible repayment and terms
- Learn about loan types »
Construction-Only Loan4
Financing dedicated to home construction with flexible terms and up to 95% LTV.
- Financing dedicated to home construction
- Up to 95% loan-to-value
- See all construction options »
Construction-to-Permanent Loan
Single loan covers construction & permanent financing with one-time closing costs.
- Single loan covers both
- One-time closing costs
- Discover how it works »
Investment Property Balloon Loan5
Lower monthly payments over a 30-year schedule with a final balloon at 15 years.
- Lower monthly payments (30-year amortization)
- Final balloon payment at 15 years
- Understand investment options »
Jumbo Loan
Financing beyond conforming limits with flexible terms for high-value properties.
- Financing beyond conforming loan limits
- Flexible terms for high-value properties
- Explore Jumbo Loan details »
FHA Loan 6
Low 3.5% down payment and flexible credit standards for first-time buyers.
- Low 3.5% down payment
- Flexible credit standards
- Learn about FHA eligibility »
Rural Development Loan6
0% down payment for eligible rural homes—no maximum purchase limit.
- 0% down for eligible rural homes
- No maximum purchase limit
- Check rural area eligibility »
VA Loan7
0% down and no PMI for eligible service members, veterans, and spouses.
- 0% down payment, no PMI required
- For service members, veterans, spouses
- Find out if you qualify »
Relocation Loan Program
For job or international relocations—flexible timing & loan terms.
- For job or international relocations
- Flexible timing & loan terms
- Learn relocation eligibility »
Home Possible® Loan2
Low down payment and flexible credit—cancelable mortgage insurance.
- Low down payment and flexible credit
- Cancelable mortgage insurance
- Explore Home Possible® details »
Bank Statement Loan
Flexible income verification designed for members who are self-employed or have non-traditional income sources.
- Uses 24 months of bank statements
- No tax returns required
- Learn about Bank Statement Loans »
ITIN Mortgage Loan
Designed for borrowers who use an Individual Taxpayer Identification Number (ITIN) issued by the IRS.
- Flexible option based on your situation
- 15 or 30-year terms
- Explore ITIN loan details »
get preapproved before you shop
set your budget and move forward with confidence
Getting preapproved helps you understand your budget and prepares you to move quickly when you find the right home.
- Estimate your homebuying budget before you start shopping
- Be ready to act quickly when you find the right home
- Present a stronger, more competitive offer
next step
Connect with a Local Mortgage Advisor to review your options and take the next step.
already applied?
continue your application or check your loan status
You can return at any time to continue your application, review your loan status, or complete remaining steps.
- Check your loan status
- Complete remaining steps in your application
- Reach out to your Mortgage Advisor with questions
next step
Log in to access your mortgage application and stay up to date on next steps.
mortgage loans in a snapshot
Here's a quick overview of what mortgage loans from United offers. Don't think you'll qualify? Reach out to United and discuss your options. We will fit your needs into the perfect mortgage option for you.
plan your next move
explore our mortgage calculators
Understanding your mortgage options can make a big difference in your financial future. Our mortgage calculators help you figure out monthly payments, estimate costs, and explore loan types to find what works best for you. Whether you’re buying a home, refinancing, or planning for the future, these tools give you the information you need to make confident choices.
Frequently Asked Questions
A: United offers mortgages in every state where we operate branches, including Arkansas, Indiana, Michigan, Nevada, North Carolina, Ohio, and Pennsylvania. Additionally, we offer mortgage loans in most U.S. states, excluding Alaska, Hawaii, and Texas.
If you're interested in a home loan, or have questions about our service area, chat with a Mortgage Advisor to see if you qualify.
A: A preapproval is a letter showing how much you're qualified to borrow based on your credit, income, debt, and assets. It helps you shop confidently and demonstrates to sellers that you're a serious buyer. You're not required to get a preapproval to begin looking at homes, but most real estate agents and sellers strongly prefer one. A preapproval strengthens your offer and helps avoid surprises later in the mortgage process.
If you're getting ready to start the homebuying process, a Mortgage Advisor can walk you through what documents you'll need and how to get started.
A: An escrow account is used to collect and pay your property taxes and homeowners insurance. A portion of each monthly mortgage payment goes into this account so these expenses are covered when due.
Most Members are required to have an escrow account, especially if the down payment is less than 20% or if the loan program requires it. Some loans may allow escrow waivers once certain conditions are met.
A Mortgage Advisor can help determine whether you qualify for an escrow waiver.
A: The main difference is how the interest rate behaves over time:
- Fixed-Rate Mortgage: The interest rate stays the same for the life of the loan, providing stable monthly payments.
- Adjustable-Rate Mortgage (ARM): Offers a lower introductory rate for the first several years (such as a 5/1 or 7/1 ARM) before adjusting periodically.
Your goals and how long you plan to stay in the home can help determine which option is best. Speak with a Mortgage Advisor to explore your choices.
A: Affordability depends on your income, debts, down payment, credit history, and long-term goals. United's Home Affordability Calculator can help estimate a comfortable price range.
Use the Home Affordability Calculator
If you’d like a personalized affordability review, connect with a Mortgage Advisor.
A: You can view our most up-to-date mortgage rates on the Mortgage Rates page. If you're looking for rates for a specific product, connect with a Mortgage Advisor.
If you'd like help understanding how rates impact your monthly payment or loan options, reach out to a Mortgage Advisor, or explore our library of helpful mortgage calculators.
A: United does not publish a specific minimum credit score. Mortgage approval depends on your full financial picture, including credit history, income stability, debt-to-income ratio, and down payment.
Your best next step is to talk with a Mortgage Advisor, who can review your situation and guide you toward the loan options you qualify for.
A: United offers flexible down payment options depending on the mortgage program:
- $0 down for qualified borrowers on select mortgage programs, see product page for complete offer details.
- 3% down for the HomeReady® Mortgage, see product page for complete offer details.
- 3–5% down for many fixed-rate and ARM mortgages.
- 20% down eliminates Private Mortgage Insurance (PMI) on conventional loans.
If you're unsure which down payment options you qualify for, a Mortgage Advisor can walk you through your eligibility.
A: Yes. United offers programs designed to make homeownership more accessible:
- $0 Down Mortgage Loan: No down payment required for qualified borrowers purchasing a primary residence.
- HomeReady® Mortgage: Requires as little as 3% down and allows flexible funding sources such as gifts or grants.
To explore which program you may qualify for, connect with a Mortgage Advisor.
A: PMI is insurance that protects the lender when a borrower makes a down payment of less than 20% on a conventional mortgage. PMI is included in your monthly payment until your loan reaches an eligible loan-to-value ratio.
If you have questions about PMI or how to remove it in the future, a Mortgage Advisor can help.
A: United offers a wide range of mortgage options to fit different budgets, property types, and Member needs. These include:
- Fixed-Rate Mortgages – Stable payments for the life of the loan.
- Adjustable-Rate Mortgages (ARM) – Lower introductory rates with 5/1 ARM and 7/1 ARM options.
- Jumbo Loans – For homes that exceed conventional loan limits.
- Government-Backed Loans – FHA, VA, and USDA Rural Development options.
- Specialty & Portfolio Programs – Including 0% down, medical professional mortgages, ITIN loans, and construction lending.
Here are the full mortgage products available at United:
- Conventional Home Loan
- 0% Down Home Loan
- HomeReady® Loan
- Home Possible® Loan
- Medical Professionals Loan
- Lot Loan
- Construction-Only Loan
- Construction-to-Permanent Loan
- Investment Property Balloon Loan
- Jumbo Loan
- FHA Loan
- Bank Statement Loan
- Rural Development Loan
- VA Loan
- Relocation Loan Program
- ITIN Mortgage Loan
Not sure which option fits your goals? A Mortgage Advisor can help you compare programs and choose the right loan for your situation.
A: Most mortgages take between 30 and 45 days from application to closing, depending on appraisal scheduling, documentation, and property type.
A Mortgage Advisor can give you an estimate based on current market conditions and your loan type.
A: Mortgage points are optional upfront fees paid at closing to lower your interest rate. One point equals 1% of your loan amount.
Whether points are worth it depends on how long you plan to stay in the home and your long-term financial goals. A Mortgage Advisor can run break-even examples with you.
A: Yes. United offers mortgage rate locks so you can secure your interest rate while your loan is being processed. This protects you from market rate increases during underwriting.
To learn how long you can lock a rate and what options are available, talk with a Mortgage Advisor.
A: Typical closing costs range from 2% to 5% of the purchase price depending on loan type, location, and third-party services such as the appraisal, title work, and escrow setup.
Your Loan Estimate will provide an itemized breakdown early in the application process.
If you'd like help estimating your closing costs, connect with a Mortgage Advisor.
A: These two ratios help determine your mortgage eligibility:
- LTV (Loan-to-Value Ratio): The loan amount as a percentage of the property's appraised value.
- DTI (Debt-to-Income Ratio): Your total monthly debt payments divided by your gross monthly income.
A Mortgage Advisor can explain how these numbers affect your approval.
A: These terms describe how the property will be used:
- Primary Residence: The home you live in most of the year and where you receive mail. Must be reasonably close to your workplace.
- Second Home: A home you live in for part of the year for personal use (not rental-focused).
- Investment Property: A property you do not live in personally and intend to rent or use to generate income.
Occupancy type affects loan requirements, interest rates, and down payment. A Mortgage Advisor can clarify which category your property falls into.
related mortgage articles
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13 Home Selling Hacks To Get the Highest Offer for Your Home
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How to Build Your Dream Home with a Construction Loan
What if your dream home isn’t even on the market? Maybe it’s not, because you haven’t built it yet! A construction loan can open up a whole new world of homebuying possibilities! Here’s how they work.
APR = Annual Percentage Rate.
All offers and terms subject to change. All loans subject to credit and collateral approval as well as program terms and conditions.
[1] Available on new mortgage applications. Financing up to 100% of the retail value of the property is available. Up to 360 months financing available. Rate may be increased after consummation. Certain restrictions apply.
[2] For qualified borrowers financing through the HomeReady and Home Possible loans. For more information, visit fanniemae.com/homeready and freddiemac.com/homepossible. Certain terms and conditions apply. Rate and term based on individual credit history and program guidelines. Consult a mortgage advisor for more details. HomeReady® is a registered trademark of Fannie Mae.
[3] Rate and term based on individual credit history and program guidelines. To qualify, applicant must be currently employed or will be working for a medical facility/practice within 60 days after loan closing date.
[4] For well-qualified borrowers.
[5] Payment example: $250,000 financed for a 15-year term with a 30-year amortization schedule at 7.922% equals a monthly payment of $1,812.67 for 15 years. If only the minimum monthly payment is made, at the end of the 15-year term, a minimum $191,120.78 balloon payment is due. Payment example does not include amounts for taxes and insurance. Actual payment obligation may be greater.
[6] Rate and term based on individual credit history and program guidelines.
[7] Loans subject to credit and collateral approval. Rate and term based on individual credit history and program guidelines.
[8] Payment example: $250,000 financed for 360 months at a fixed rate of 6.922% APR equals a monthly payment of $1,642.32. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater. Financing up to 100% of the retail value of the property is available. Up to 360 months financing available. Rate may be increased after consummation. Certain restrictions apply.
[9] Excludes Alaska, Hawaii, and Texas.
[10] 0.125% rate discount available to applicants who register, before loan closing, to have their mortgage payment automatically deducted from a United Rewards or Ultra Checking account each month. Offer and terms subject to change. Loans subject to credit and collateral approval as well as program terms and conditions. Payment example: $250,000 financed for 360 months at a fixed rate of 6.922% APR equals a monthly payment of $1,642.32. Payment example does not include amounts for taxes and insurance premiums. If applicable, actual payment obligation will be greater. Financing up to 100% of the retail value of the property is available. Up to 360 months financing available. Certain restrictions apply. For well-qualified buyers.