First Time Home Buyers - You may qualify for a tax credit up to $8,000!

United Bank offers a number of options designed to help individuals and families make the big move into their new home. These programs include:

Conventional Mortgages

• 10 to 30 year terms available
• Fixed Rate loans
• Adjustable Rate loans
• Just 5% down for single family primary residences
• 20% down for 2-4 unit primary residences

RD Guarantee loans

• 30 year term available
• Up to 100% financing available for homes in designated areas http://eligibility.sc.egov.usda.gov/eligibility/eligibilityAction.do
• No monthly PMI payments

Bi-Weekly Payment Mortgages
An option to save thousands of dollars in interest by paying half of a standard monthly mortgage payment every two weeks.

MSDHA

• First time homebuyer programs available
• Neighborhood Stabilization Programs — residents may finance up to 100% of the purchase price on homes in designated areas http://www.michigan.gov/mshda/0,1607,7-141-45866_53774---,00.html

Home Possible Mortgages

• 5% down on single family primary residences
• Homebuyer education completed with each HP loan

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