Purchasing your first home is an exciting milestone. Union Bank offers several mortgage solutions designed to help first-time homebuyers find the financing option that best fits their needs. Explore the programs below or contact a Mortgage Banker to discuss your options.
Union Bank HomeStart Mortgage
Your First Home Starts Here.
Designed for qualified first-time homebuyers looking to make homeownership more attainable.
- Just 5% Down Payment
- No Private Mortgage Insurance (PMI)*
- 30-Year Fixed-Rate Financing
- Personalized Guidance from Local Mortgage Experts
Whether you're ready to begin your home search or simply exploring your options, our mortgage team is here to help.
Ready to take the next step? Contact a Union Bank Mortgage Banker today.
*No private mortgage insurance (PMI) is required for qualified borrowers under the Union Bank HomeStart Mortgage program. Subject to credit approval, underwriting requirements, and program eligibility. Available to qualified first-time homebuyers purchasing an owner-occupied primary residence. Automatic payments from a Union Bank checking account and an escrow account are required. Additional terms and conditions apply. Contact a Union Bank Mortgage Banker for complete details.
Federal Housing administration (FHA)
Federal Housing Administration (FHA) mortgage loans are insured by the FHA. By insuring the loan, your local community bank assumes less risk and can offer customers lower rates and more simplified terms.
- More eligible property types
- No property location restriction
- No household income limit
- As little as 3.5% down
- The funding fee can be financed into mortgage
- Gift funds allowed for entire down payment, closing costs and pre-paid items
- Low rates and monthly payments
- Flexible credit standards
- Special qualifying features
Ready to take the next step? Contact a Union Bank Mortgage Banker today.
Michigan State Housing Development Authority (MSHDA)
As a proud Michigan State Housing Development Authority (MSHDA) approved lender, Union Bank is here to help you make your move with up to $10,000 in down payment assistance and a suite of state-supported programs designed to make buying a home easier and more affordable.
From low-interest mortgages and down payment help to tax savings and expert guidance, Union Bank has what you need to build your future, your way.
Your Path to Homeownership Starts Here:
- Up to $10,000 in Down Payment Help
- Lower Monthly Payments with Tax Savings
- Statewide Eligibility for First-Time & Repeat
- Buyers – Terms and conditions apply
- Free Homebuyer Education Support
- Friendly, Local Mortgage Experts at Union Bank
Ready to take the next step? Contact a Union Bank Mortgage Banker today.