Mortgage Loan Programs

United Consumer Mortgage prides itself on offering the broadest scope of loan programs available. It is our duty to work with our clients and analyze their unique situtations to ensure the proper program is selected.

FHA and VA Approved Lender

Fixed Rate Mortgage Programs (10, 15, 20, 25,& 30 Year)   Offering conforming FNMA (Fannie Mae) and FHLMC (Freddie Mac) fixed rate mortgages. These loans have fixed rate and payments over the term of the loan. Interest Only options are available at a rate premium for the first 10 or 15 years of the loan.

Adjustable Rate Mortgage Programs (1,3,5,7 & 10 Year)   ARM - Offering conforming FNMA (Fannie Mae) and FHLMC (Freddie Mac) and adjustable rate mortgages. These loans have fixed rate and payments for an initial period (1,3,5,7, or 10 years) and then reset based on a specified index and margin. Interest Only options are available at a rate premium for the first 10 or 15 years of the loan.

FHA & VA Mortgage Loan Programs                                          Offering government insured (GNMA) fixed rate mortgages. These loans allow for have fixed rate and payments over the term of the loan.

Portfolio, Jumbo, and Non-Conforming Products                       Sometimes a situation calls for a product that is better suited for a portfolio lender, a product not offered by conforming or conventional lenders. United Consumer Mortgage is dedicated to maintaining a wholesale relationships with the best, most unique, and innovative lenders available. The bottom line is, if a program or product is avaiable in the market, United Consumer Mortgage strives to offer it.

Subprime & ALT-A Lending Products                                              Often sugarcoated as non-perfect credit programs. Poor credit, no income or asset verification, high loan to values lead to situations where the loan falls out of conventional or conforming limits. The products ultimately fall into portfolio, jumbo, and non-conforming loan categories. 

Stated Income and Stated Asset Loan Products                   United Consumer Mortgage is dedicated to ensuring that our borrowers can truly afford the property and the loan program. Though these products are offered, these applications will be reviewed by quality control management to ensure that the borrower can afford the loan and program.

Down Payment Assistance & No Money Down Products       UCM is pleased to offer these products. United Consumer is affiliated with many non-for-profit organizations dedicated to home ownership.

Home Equity Lending Products - HELOCS and Second Liens Home Equity Lines of Credit, second, and third mortgages are all offered by United Consumer Mortgage. Often these products offer no closing costs.

No Closing Cost & Reduced Closing Cost Programs                   There is a saying that nothing in life is free. Though this is true, sometimes situations call for a no closing cost option. The way this works is that the borrower selects a higher rate in return for UCM paying the costs associated with the loan.