First United Mortgage Group offers a broad selection of home financing solutions including home purchase, mortgage refinancing, construction, and renovation loans. Below you’ll find an overview of some of our most popular mortgage programs.
A Few Popular Loan Options:
Great options for everyone from a first time home buyer to a repeat real estate investor. Choose from fixed rate or adjustable, and terms of 30, 20, or 15 years. If your priority is to build equity quickly and pay off the loan sooner, a 20 or 15 year loan could be ideal. If you’re more payment conscious, then the conventional 30 year fixed rate option could be your best bet.
Refinance for a lower monthly payment, to pay off your loan sooner, to take cash out, or to consolidate debt. With interest rates changing constantly, you may be able to reduce your mortgage payment. You could also switch from a 30 year loan to a 15 year loan, which would likely increase your monthly payment but it would save you a lot of money in interest.
Ask about our FHA Streamline Refi, which could be a great option for those with an existing FHA loan and perfect payment histories.
At First United Bank Mortgage (FUBM) we can help you with your dream of building your dream home.
What options does FUBM offer for constructing a home?
For a new construction, First United offers various programs:
- Short term lot loan financing for raw land
- Interim Financing of the construction loan followed by a permanent mortgage
- One-Time-Close mortgage that combines the interim mortgage with a permanent mortgage
Your Mortgage Loan Consultant can help you determine which product works best for you.
What makes FUBM different from other banks offering construction financing?
At FUBM we offer all of the expertise of the construction process within the Mortgage Group along with very competitive products. From the beginning stages of approving the home project to the final stage of converting or modifying your construction loan into a permanent mortgage, the same Construction Lending Division handles your loan.
This creates a consistent experience from the beginning to the end and sets FUBM apart from the competition.
Contact Kelly Decker today and find out how we can help you build your dream home – (214) 908-6792
At First United Bank Mortgage (FUBM) we can help you with your dream of renovating your home.
What options does FUBM have for renovating your current home?
When renovating your home, FUBM can combine the One-Time-Close product mentioned above with a refinance of your existing loan balance to allow for you to include renovations costs in a first lien mortgage.
First United Bank also offers true home improvement loans that are typically 2nd liens designed to cover the costs of renovating your home. This product is done through the Bank Commercial Loan Officers.
Contact Kelly Decker today and find out how we can help you renovate your dream home – (214) 908-6792
Jumbo loans are used for financing larger loan amounts – those that exceed the current conforming limits for the area. Jumbo loans are often used for expensive homes in exclusive communities, high-dollar historic properties or million dollar estates. To find out what the conforming limits are in your area, you can ask your real estate agent or give us a call at (972) 591-3097.
Backed by an agency of the federal government, these loans are great for Texas home owners looking for a low down payment option. FHA loans also offer low mortgage rates and can be easier to qualify for.
VA loans are guaranteed by the U.S. Department of Veterans Affairs. They are available to active duty members, reservists and veterans of the armed forces. The VA determines eligibility and issues a Certificate of Eligibility to those who meet the requirements of the program.
VA loans are popular among service men and women, as they offer low or no down payment and do not require monthly mortgage insurance. VA loans can be used for purchase or refinance.
Eligible law enforcement officers, firefighters, paramedics and EMTs may qualify for a discount on closing costs. Be sure to ask your mortgage consultant for details if you are in civil service.
This program rewards educators and other school employees for their service to the community. A discount will be applied to the qualifying employee’s closing costs. Be sure to talk to your mortgage consultant for further information.
Contact Kelly Decker and his team at First United Mortgage Group at (972) 591-3097.