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United Money Center offers a variety of loan programs to meet your needs. We work with the leading lenders in the industry to provide:

 
Residential Purchase Loan
Residential Refinance Loan
Residential Loan Limit
Reverse Mortgage
Home Equity Line of Credit (HELOC)
Fixed 2nd Mortgage
Commerical Loan
Free Credit Report
Project Financed Through UMC

Residential Purchase Loan

- 3% down FHA loan

- 5% down for conventional loan amount up to conforming limit

- No Point / No Closing Cost

- Fixed / Adjustable

- Interest Only

- Construction / Construction to Permanent Loan


Residential Refinance Loan

- Free Consultation

- No Point / No Closing Cost

- Fixed 30, 20, 15, 10 years option

- Adjustable 1 yr, 3 yr, 5 yr, 7 yr, 10 yr, options

- Interest Only Loan for some terms

- Free Rate Lock / Float Down Option

 

 


Residential Loan Limit

Conforming (Non-Jumbo) Loan Limits For 2023
 

Property Type

New Limits

Continental U.S.

1 Unit

$726,200

2 Units

$929,850

3 Units

$1,123,900

4 Units

$1,396,800






Agency Jumbo Loan Limits For 2023
 

Property Type

New Limits

Continental U.S.

1 Unit

$1,089,300

2 Units

$1,394,775

3 Units

$1,685,850

4 Units

$2,095,200



Reverse Mortgage

- All borrowers on title must be at least 62 of age

- Live in property as Owner Occupied

- No repayment as long as you live in your home

- Does not affect Social Security and/or Medicare benefits

- Heirs can keep the property once they paid off the reverse mortgage

- Interest applies to cash advanced only (works like a line of credit)

- You can check out the AARP website for more information http://www.aarp.org/money/revmort/

- Common misconceptions and questions Click Here

- About Reverse Mortgages Q & A Click Here


Home Equity Line of Credit (HELOC)

- Home equity can be a great source of value for homeowners to access cash for renovations, large purchases, or alternative debt consolidation

- Adjustable interest rate based on Prime plus a margin

- Flexible withdrawals and repayments (similar to a credit card)

- Interest Only Payment option during draw period

- Only pay interest on outstanding balance


Fixed 2nd Mortgage

- Aka Home Equity Loan

- Fixed terms ranging from 5 to 30 year. 

- Fund significant expenses, such as down payment on a vacation property, remodeling or debt consolidation.

- Comes as a lump sum cash with a fully amortized payment


Commerical Loan

- Free Consultation

- Purchase / Refinance of Real Estate

- Owner User / Investment

- 10% Down SBA loan

- Custom local commercial bank loan

- Business Operating Line of Credit


Free Credit Report

Free Credit Report


Project Financed Through UMC

- Warehouse, Office, Shopping Center, Apartment, Mixed Use, Hotel, Motel, Mobile Home Park, Land, Church, and other Single Purpose Real Estate.




Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $484,350 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $636,150 with closing costs of $6,362. Jumbo Loans (whose maximum loan amount exceed $484,350 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,089,300 with closing costs of $10,893. Your actual APR may be different depending upon these factors.