U.S. SECURITIES AND EXCHANGE COMMISSION
                          Washington, D.C. 20549
                               Form 10-KSB/A

   (Mark One)
   [X]       ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d)
             OF THE SECURITIES EXCHANGE ACT OF 1934
                  For the fiscal year ended April 30, 1999
                            OR
   [  ]      TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
             SECURITIES ACT OF 1934
                  For the transition period from          to
                            Commission File No.   333-27037
                       United Financial Mortgage Corp.
                  (Exact name of small business issuer in its charter)

             Illinois                      		36-3440533
             (State or other jurisdiction of         (I.R.S. Employer
             incorporation or organization)          Identification No.)

                              600 Enterprise Drive
                                   Suite 206
                            Oak Brook, Illinois 60523
                    (Address of principal executive offices)

                Issuer's telephone number:  (630) 571-7222
        Securities to be registered under Section 12(b) of the Act:

        Title of each class      Name of each exchange on which registered
          Common Stock                The Chicago Stock Exchange

             Securities to be registered under Section 12(g) of the Act:
                            None
                       (Title of Class)

        Check whether the issuer (1) filed all reports required to be
   filed by section 13 or 15(d) of the Exchange Act during the past 12
   months (or for such shorter period that the registrant was Required to
   file such reports), and (2) has been subject to such filing requirements
   for the past 90 Days.
   Yes  [X]    No  []

        Check if there is no disclosure of delinquent filers in response
   to Item 405 of Reguluation S-B is not contained in this form, and no
   disclosure will be contained, to the best of registrant's knowledge,
   in definitive proxy or information statements incorporated by
   reference in Part III of this Form 10-KSB or any amendment to this
   Form 10-KSB.   [ ]

        State issuer's revenues for its most recent fiscal year..$10,045,228

	The aggregate market value of the voting and non-voting common
        equity held by non-affiliates is $3.8 million.

        (Issuers involved in bankruptcy proceedings during the past five
   years) Check whether the issuer has filed all documents and reports
   required to be filed  by Section 12, 13, or 15(d) of the Exchange Act
   after the distribution of securities under a plan confirmed by a
   court.   Yes  [  ]   No   [ ]
<PAGE>

        (Applicable only to corporate registrants) State the number of
   shares outstanding of each of the issuer's classes of common equity,
   as of the last practicable date. 3,900,029.

        Documents incorporated by reference.  If the following documents
   are incorporated by reference, briefly describe them and identify the
   part of this Form 10-KSB (e.g. part I, part II, etc.) into which the
   document is incorporated:  (1) any annual report to security holders;
   (2) any proxy or information statement,; and (3) any prospectus filed
   pursuant to Rule 424(b) or ( c ) of the Securities Act of 1933
   ("Securities Act").  The listed documents should be clearly described
   for identification purposes (e.g. annual report to security holders
   for fiscal year ended December 24, 1990).


             Transitional Small Business Disclosure Format (check one)
             Yes [ ]  No [X]


  <PAGE>
                                     EXPLANATORY NOTE

   This ammendment to the annual report on Form 10-KSB for the year
   ended April 30, 1999 is being filed for the purpose of revising the
   index to Exhibits in Item 13 part A section 3 in part IV.

                  Part IV

   Item 13. Exhibits, Financial Statement Schedules, and Reports of Form 8-K.

        (3)  Exhibits
             The following exhibits are filed with this reports or incorporated
             by reference as set forth below.

   3.1    Certificate of Incorporation of the Registrant.*

   3.1.1  Certificate of Amendment of Certificate of Incorporation.*

   3.2    By-laws of the Registrant.*

   4.1    Description of specimen stock certificate representing Common Stock.*

   10.1.1 Employment Agreement between the Registrant and Joseph Khoshabe.*

   10.4   Non-Qualified and Incentive Stock Option Plan*

   27     Financial Data Schedule


        * Incorporated by reference to the registrant's Registration
        Statement on Form SB-2 (No. 333/27037), which was declared by
        the Securities Exchange Commission on May 26, 1998.

<PAGE>

   SIGNATURES


   Pursuant to the requirements of the Securities Exchange Act, the
   registrant has duly caused this report to be signed on its behalf by
   the undersigned thereunto duly authorized.

   Registrant:    UNITED FINANCIAL MORTGAGE CORP.


   Date:
   July 31, 1999            By:    /s/  Joseph Khoshabe
                                        Joseph Khoshabe,President,
                                        Principal Executive Officer,
                                        and a Director

   July 31, 1999           By:    /s/   Steve Khoshabe
                                        Steve Khoshabe,
                                        Executive Vice President and
                                        Principal Accounting Officer

   July 31, 1999            By:    /s/  John A. Clark
                                        John A. Clark, Director


   July 31, 1999            By:    /s/  David B. Mirza
                                        David B. Mirza, Director


   July 31, 1999            By:    /s/  Rocco M. Cappiello
                                        Rocco M. Cappiello, Director


   July 31, 1999            By:    /s/  Robert S. Luce
                                        Robert S. Luce,
                                        Secretary and a director