Download Acrobat Reader 5.0 or higher to view .pdf files. United Bank Personal Business Wealth Management Mortgage Services About Us Open Login First-time Home Buyers Borrowing with a HOME POSSIBLE® mortgage for first-time homebuyers United Bank mortgage supports first-time homebuyers through the Freddie Mac Home Possible program. These loans offer the flexibility and options that many new borrowers need. When buying a new home, a down payment is one of the biggest obstacles when it comes to affordability. With low down payments and flexible sources of funds, the Home Possible loan is perfect to make first-time home ownership a reality. Key features of the HOME POSSIBLE first-time homebuyer loan program: Funding for a variety of property types, including planned unit developments and manufactured homes A down payment as low as 3%, based on loan amount (manufactured homes as low as 5%) Credit scores as low as 620 may qualify Primary residences only New purchase or refinance (no cash out) A non-occupant can be considered as a co-borrower There are limitations on income to qualify for this mortgage program - borrower income must be at or below 80% of the median income where you are looking to buy or refinance. If you do not qualify for the Home Possible mortgage, be sure to discuss other options with your United Bank mortgage lender. HOME POSSIBLE First-time Homebuyer Loan Process The mortgage process (Opens in a new Window) can be intimidating. Our lenders will guide you through the entire journey, from application to closing. Not sure who to call? See our geographic map (Opens in a new Window) with assigned lenders and contact information. Complete our online application. You can stop and save your work anytime, and return to the application as needed until you complete it. Once we receive your completed mortgage loan application, we will provide you with a Loan Estimate. Upon receipt of your Notice of Intent to Proceed we will let you know what additional information is needed. This checklist (Opens in a new Window) is a compilation of frequently needed copies of documents. Resources for First Time Homebuyers: Homeownership Education (Opens in a new Window) - in both English and Spanish Freddie Mac's Borrower Support Network (Opens in a new Window) - live support from financial experts Eight Steps to Home Ownership (Opens in a new Window) - Freddie Mac's interactive guide to navigate first time home ownership Our mortgage calculator (Opens in a new Window) (Opens in a new Window) can be used to help you gain a better understanding of the type of loan you can afford over a five, ten, fifteen, twenty, or thirty year term. Have questions? Connect with a United Bank mortgage lender to learn more or start your application today. Apply Now Learn Locations Help Guides Careers Bank Holidays (Opens in a new Window) Disclosures Follow Us Facebook Twitter Youtube Instagram LinkedIn © 2021 United Bank Member FDIC Equal Housing Lender Created by ProfitStars®