Union Mortgage are a domestic mortgage lender based in Kansas. Performing inside the 48 says and also the Section out of Columbia, the company offers multiple loan factors. They truly are fixed-rate and you may varying-speed mortgages, along with FHA, Virtual assistant, USDA, refinancing, rehabilitation, and you will the newest framework financing.

While not yet a national mortgage company, Connection Home mortgage does are employed in 49 says. Its signed up in order to do business throughout says but The state and you may New york.

What kind of Home loan Do i need to Get that have Union Home mortgage?

Fixed-speed mortgages: One of the most prominent particular mortgage loans, a fixed-price home loan possess a set interest into the lifetime of the borrowed funds. Mortgage terms and conditions during the Connection Mortgage loan can vary away from ten to 30 years.

Adjustable-price mortgages: Also called Arm loans, adjustable-price mortgage loans focus on a fixed rate in advance of adjusting to industry cost once a flat period.

FHA financing: Covered by Federal Property Management, these types of unique mortgage loans want the very least step three% deposit and might be more open to individuals having previous credit things.

Va finance: Backed by the fresh new Department away from Seasoned Affairs (VA), this type of finance installment loans in Kentucky were created to help accredited military gurus, experts, and you can reservists get land. Regardless if individuals must pay a great Virtual assistant financial support percentage, quite often financial institutions not one of them a deposit for this type off financing and may even offer a lesser interest rate than simply which have a traditional loan product. Continue reading →