Page 5 - Pre-Approval Folder

Union Home
Mortgage Corp.
NMLS 2229

PRODUCT MENU

HomeStyle - Style it How You Want

For eligible properties, HomeStyle allows you to buy a home in need of repair or refinance an
existing home and include funds needed for repairs. In the end, you have your fully improved
property and only one mortgage! The house must be appraised in its improved state. Plans
for desired repairs or improvements must be included.

FHA 203K - For Your Renovation Needs

FHA 203K is a single loan offered to cover the price of the home and/or refinance the cost of
renovation for your existing home. There are two options: Standard covers structural repairs
(greater than $35,000); Streamlined covers non-structural (less than $35,000) repairs.

Conventional - Taking it Back to the Basics
A conventional loan is simply a mortgage that is not FHA, VA or USDA. Conventional loans
typically have higher down payment and credit-score requirements than government insured
or guaranteed loans. Fixed- or adjustable-rate options are available, and you are able to
select from a variety of term options to influence your monthly payment.

VA Loan - In Honor of Your Service
This loan offers financing to veterans, active duty service members or spouses of service
members killed in the line of duty. The biggest advantage to a VA mortgage is that no down
payment is an option. If you already have a VA mortgage, a ìstreamlinedî refinance option
may be available to you, and you wonít need a new appraisal!

FHA (Federal Housing Administration) Loan - For Any Homeowner
First-time home buyers love this loan option not only for its low down payments but for its
low closing costs, as well. Down payments can be covered as a gift. Compared to other
financing opportunities, an FHA loan welcomes a larger audience with its easier-to-qualify
credit requirements.

Ask me about

STATE-SPECIFIC

assistance programs!