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. Explore our current specials and get started today!
We've been rolling out the welcome mat since 1949.
In this day and age where every bank, credit union, and online site offers you comparable rates on mortgages, United offers you just a bit more. We're local, we're experienced, and we're here for you every step of the way.
Whether you're buying your first-home or building your dream home, our expert Local Mortgage Advisors are ready to find the loan that's best for your unique situation and offer expert advice. Let's get you one step closer to your dream home today!
Members who have a variety of credit characteristics allowing for competitive solutions to purchase or refinance a home.
0% Down1 No PMI Loan
options & eligible for
FRM
Primary Residence
0% Down Payment1
no PMI
ideal for
Members who have good credit but don't have the liquidity to pay a down payment and would like to avoid paying PMI in exchange for a slightly higher interest rate.
0% Down Loan1
options & eligible for
FRM
5/1 ARM
7/1 ARM
Primary Residence
Non-conforming
0% Down Payment1
ideal for
Members who don’t have a lot of equity in a home they currently own or don’t have a lot of funds available for a down payment to purchase a home.
HomeReady® Loan
options & eligible for
FRM
Primary Residence
As Low As 3% Down Payment4
Reduced MI Coverage
ideal for
Members who are first time or repeat home buyers who are looking for flexible funding options to put towards their down payment and closing costs with no personal funds required. With reduced mortgage insurance required, this loan comes with additional affordable mortgage insurance options.
Medical Professionals Loan
options & eligible for
FRM
3/1 ARM
5/1 ARM
7/1 ARM
Primary Residence
No PMI
0% Down Payment1
Student Debt Not Included in DTI
ideal for
Members with the following licensed credentials are eligible for this loan are Physicians with MD, DO, and DPM; as well as titles Dentist, Chiropractor, Veterinarian, Physician's Assistant, Nurse Practitioner, and Nurse Anesthetist.
If you are in the field of medicine, but don't see your title listed here, contact us for customized loan options to help serve your needs.
Lot Loan
options & eligible for
FRM
20% down5
10-year Term
3 year balloon
5 year balloon
ideal for
Members who want to purchase a lot intended for a residential build, but don’t plan on building for several years. Choose from a variety of terms to fit your financial goals.
Construction-Only Loan
options & eligible for
FRM
Primary Residence
Second Home
95% LTV
ideal for
Members who want to finance only the construction phase of their home. This loan can be used to purchase the lot from a builder with the intention of building right away. Once the build is complete, you may apply for a permanent mortgage loan.
Construction-to-Permanent Loan
options & eligible for
FRM
5/1 ARM
7/1 ARM
Primary Residence
Second Home
90% LTV
ideal for
Members who are interested in financing the construction phase and permanent mortgage in one transaction from the same lender. Once your home is built, your construction loan will become your permanent mortgage without paying two sets of closing costs.
Investment Property Balloon Loan
options & eligible for
FRM
Investment Property
Non-conforming
ideal for
The 15/30 balloon product is great for members who want to finance an investment property and experience the benefit of a smaller payment comparable to a 30 year loan payment.6
Jumbo Loan
options & eligible for
FRM
ARM
Primary Residence
Second Home
Non-conforming
ideal for
Members who are financing a purchase or a refinance for an amount exceeding the conforming limit of $766,550 established by the Federal Housing Finance Agency (FHFA).
FHA
Insured by the Federal Housing Administration.
options & eligible for
FRM
Primary Residence
Specialty Loan
As Low As 3.5% Down Payment4
ideal for
Members who are first-time home buyers or have little savings and credit challenges.
Rural Development
Insured by the Dept. of Agriculture.
options & eligible for
FRM
Primary Residence
New Construction
Specialty Loan
0% Down Payment1
No Max. Purchase Price
30-year Term1
ideal for
Members who demonstrate an economic need and are interested in purchasing a home in a rural area as defined by the USDA’s eligibility requirements.
VA
Backed by the Dept. of Veterans Affairs.
options & eligible for
FRM
Primary Residence
Specialty Loan
0% Down Payment1
No MI
ideal for
Members who are actively serving in the military, Veterans and spouses of service members who have deceased in the line of duty.
Relocation Loan Program
options & eligible for
FRM
5/1 ARM
7/1 ARM
Primary Residence
ideal for
Members who meet the following requirements are be eligible for this loan program: Relocating due to an executed employment agreement with a relocation benefits package offered by their current or future employer, relocating to the United States from another country, and must be relocating within 24 months of the loan application date.
Home Possible® Loan
options & eligible for
FRM
Primary Residence
As low as 3% Down Payment4
Cancel mortgage insurance when eligible
ideal for
Members who are first time or repeat home buyers, meet a range of life situations, and are looking for a low down payment and flexible credit score requirements. Members can cancel mortgage insurance when eligible to reduce the monthly mortgage payment and potentially save thousands over the life of the loan.
Talk to Us
There are many options for mortgages. The possibilities are endless!
Not sure which one to go with, or can’t find one that fits your needs? Don’t worry! Talk with one of our mortgage advisors today and we’ll help you find the perfect fit for your needs.
An adjustable mortgage has an initial interest rate that is fixed for a specific period of time, followed by an adjustable interest rate that can increase or decrease over the remaining life of the loan, based on certain market conditions. United offers two adjustable-rate mortgages (ARM)
5/1 ARM: The first 5 five years are a fixed interest rate. Afterwards, the rate is adjusted once a year.
7/1 ARM: The first 7 seven years are a fixed interest rate. Afterwards, the rate is adjusted once a year.
This is a good choice if you plan to move before the end of the introductory fixed-rate period, want an initial monthly payment lower than a fixed-rate mortgage usually offers, or think interest rates may go down in the future.
Conventional financing are mortgage loans that are not backed or insured by the government. Of conventional loans, they can be either conforming or non-conforming.
Conforming is a loan that abides by Fannie Mae and Freddie Mac guidelines, two government-sponsored enterprises. Non-conforming, likewise, is a loan that does not abide by Fannie Mae and Freddie Mac guidelines.
A down payment is an initial up-front partial payment for the purchase of the property. It is money that you physically have at your disposal, it is not borrowed.
DTI stands for debt-to-income ratio. To calculate, add up all your monthly debt payments and divide them by your gross monthly income.
A fixed-rate mortgage is a fully amortizing mortgage loan where the interest rate remains the same for the life of the loan. In other words, your total monthly payment of principal and interest will remain the same over time. This is a good choice if you think interest rates could rise in the next few years, plan to stay in your home for many years, or prefer the stability of a fixed monthly payment.
Investment property is generally property that you, personally, do not live. This is for property you intend to use to generate income by renting, appreciating value, or other means.
LTV stands for loan-to-value ratio. It is the term to represent the ratio of the mortgage loan as a percentage of the total appraised value of the real property.
Property that will be your main home in which you live most the year, receive mail, and is reasonably close to where you work.
(P)MI stands for (private) mortgage insurance. Mortgage insurance is typically required if you are borrowing a large percentage, usually over 80%, of the property’s value. With United, you can potentially get 100% financing with no PMI.1
A home you live in for some part of the year. Unlike a primary residence, you do not have to live there for most of the year or be close to your work. A second home is intended for personal use.
Specialty financing are loans offered or secured by a government entity.
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.
Single Family Planned Unit Developments (PUDs) 2-4 Unit Multi-Family Dwellings Condominiums Modular Homes Manufactured Homes Proposed Construction Townhomes Vacant Land / Lots
Whether you’re looking for your first home or your dream home, it’s important to find out how much you can afford and what listing price you’re comfortable with.
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