FHA Loans

Making Homeownership Affordable

Union Home Mortgage Corp gives borrowers access to a variety of Federal Housing Administration (FHA) Loans. Since the primary purpose of the FHA is to promote homeownership by insuring mortgage loans made by approved lenders, this agency promises to repay these lenders should borrowers default on their loan obligations. This agreement reduces the risk for lenders and, in turn, encourages them to offer more favorable loan terms to borrowers. In many cases, FHA Loans require lower down payments and closing costs than most Conventional Loans and often feature less stringent credit requirements.

UHM’s FHA Insured Loan Programs include

  • FHA Loans: These loans are available to first-time homebuyers and other qualified borrowers. They are a great loan product for those who can’t afford a large down payment and are looking for flexible credit qualifying standards.
  • FHA 203k Loans: This program is designed to help homebuyers and current homeowners breathe new life into their properties. FHA 203k Loans provide funds for both the purchase and renovation available as part of a single loan. The FHA 203k Loan is available in both Standard 203k (for more costly, structural renovations) and Streamline 203k (for improvements that do not exceed $35,000 in renovation expenses).
Since each of these programs has its own set of qualifying requirements, such as income limits, purchase price limits, and where the home is located, it’s best to start your search by speaking with one of our knowledgeable Loan Officers. At Union Home Mortgage Corp we’re here to find the right mortgage program for you.

FHA Loans
Low Down Payment Options, Federally Insured Loans
203K Loans
FHA Loans for homes in need of repair. Can be used for purchase or refinance.
VA Loans
Loan opportunity for qualified veterans, active members, and spouses. No Mortgage Insurance required.
USDA Loans
Flexible Mortgage Guidelines. Seller can contribute to closing costs.
Cash-Out Refinancing, Lower Your Interest Rate, Streamlined Refinancing.
Conventional Loans
Competitive Mortgage Rates, Flexible Terms