FHA Loan Programs

Less strict mortgage lending standards and lower down payment requirements make FHA Loan programs popular with many mortgage borrowers. These FHA Loans are insured by the Federal Housing Administration. Unlike a conventional mortgage loan, the borrowers pay the mortgage insurance which protects the lender should the borrower default. Because of the mortgage insurance, the mortgage rates on FHA loans tend to be more attractive. FHA loan programs also have more flexible qualifications than conventional loans.

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These are the FHA loan programs that United Mortgage Plus offers:

0% Down FHA Program

Don’t have to be a First Time Home Buyer
No income restrictions
Forgivable 2nd liens to borrowers with incomes up to 115% AMI (Adjusted Median Income.
Borrowers with > 115% AMI allowed (2nd lien repayment required)
TRUE 100% financing
FICO score down to 620
2nd liens up to $10,000
No Homebuyer classes required
No borrower investment required

FHA Elite

Take your FHA loan to a new level with industry-leading government rates and pricing.

720+ FICO
$175,000 – county loan limit
All fixed term mortgages
Single family primary residences
Debt ratios accepted up to 55%

VFHA Streamline

UMP’s FHA Streamline program allows you to refinance your FHA loan with no appraisal or AVM. Time is of the essence—stop the shop and use our quick closing process to secure your loan.

640+ FICO
Debt ratios accepted up to 55%
Up to 60 days interest allowed

ARMs

Our aggressive ARM pricing can provide a lower payment for you.

5/1 Treasury ARM available
Quickly and easily price out your loan with Easy Qualifier (EQ) to determine your best scenario
Qualifies at note rate

HUD REO

We can close your HUD REOs in as fast as two weeks from submission while allowing holdbacks up to $5,000 for escrow repairs.