United Bank Mortgage Corporation offers simplified, competitive-rate financing options for the construction of a new home or addition to your existing one. Options include:

One-Time Closing Mortgages

• Loan made at beginning of construction
• Interest rate locked for life of loan
• Interest-only payments during construction

Two-Closing Loan Option

• First closing at beginning of construction with interest-only payments
• Second loan made at completion of home
• Offers flexibility to adjust loan amount prior to second loan
• Only program offered for self-builds and manufactured construction

Land/Lot Loans

• Variety of programs to purchase land for home construction
• As little as 10% down payment required with other qualifying equity

Spec-Lending Mortgage Option

• Available to builders of spec homes
• Offers interest-only payments during construction
• Typical turnaround time for draws of just 48 hours