Your Mortgage Journey Shouldn’t Be an Odyssey
Homer’s Odyssey is filled with mythical creatures, turbulent seas and one very long journey home. Fortunately, finding the right mortgage doesn’t have to be nearly as complicated.
At UMe, we believe a mortgage should be built around U — your goals, your budget and the kind of home U are hoping to make your own. That’s why we offer a wide variety of mortgage options and personal guidance from a UMe mortgage expert who can help U compare them.
Before U begin your journey, visit our mortgage calculators to explore how different loan terms and rates could affect your estimated monthly payment. Then, we can help U take a closer look at options including:
- 15- and 30-year fixed rate mortgages: Your principal and interest rate remain the same throughout the life of the loan, giving U a predictable monthly payment.
- Adjustable rate mortgages: These loans generally begin with a lower introductory interest rate that may adjust later, depending on the loan terms.
- A 40-year adjustable rate mortgage: A longer repayment term may help lower the monthly principal and interest payment. UMe’s 40-year option can also be used for qualifying investment properties.
- Self-employed home loans: Our Bank Statement Lending Program may allow qualifying self-employed borrowers to use personal or business bank deposits to document income.
- FHA and first time homebuyer programs: These options may make purchasing a home more accessible with lower down payment requirements and reduced loan fees.
- Mortgage programs following a foreclosure, short sale or bankruptcy: A past financial setback may not have to keep U from moving toward homeownership.
- Investment property financing: Explore options for purchasing or refinancing a qualifying investment property.
- VA loans: Qualified veterans and service members may be eligible for financing backed by the U.S. Department of Veterans Affairs, including options with no down payment.
The right mortgage isn’t necessarily the same for every borrower. A shorter term may help U pay off your home sooner, while a longer term or adjustable rate option may offer a lower initial monthly payment. Your UMe mortgage expert will listen to what matters most to U, explain the differences and help U identify the option that best fits your financial goals.
No Trojan Horse required. Schedule a free prequalification appointment online, over the phone or in person. We’ll help U understand what U may qualify for and, when you’re ready, guide U through the next steps toward preapproval and home.
Disclaimer: U matter to Me (to all of us) at UMe — and that’s why we do our best to deliver helpful information on our blog. Please note the following: (1) UMe Credit Union works hard to make certain that the information we post here is as accurate as humanly possible. But as you know, information can change and evolve quickly. While we try to update the blog on a regular basis, the content of some older posts may not be correct or up-to-date. (2) Some destinations on the World Wide Web that we link you to will exist on external websites. UMe Credit Union does not officially endorse any connected sites, nor do/did we compensate or get compensated by any entities to be featured in our posts (unless otherwise noted). (3) Everyone’s situation is unique and we advise you to consult with our personal bankers or your finance, tax, or legal professional for advice individualized to you!