Union Bank home lending options are designed to meet every residential financing need at competitive rates. Our banking professionals use all the resources of a full-service financial provider to turn your dreams into realities, in a pressure-free environment.
Home Equity Loans
Interest Only Home Equity Line of Credit
5.99% APR fixed for one year (with active Union Bank deposit account)!
See below for details.
An Interest Only Home Equity Line of Credit from Union Bank can help to bring your dreams within reach, from a remodeling project to a college education or a perfect vacation. We’re here for whatever you need.
Contact Damon R. Gomes at (816) 767-5733 to learn more.
- Finance anything from a home addition to bill consolidation – it’s your choice.
- Use up to 80% of the equity in your current residence. Equity is the difference between the amount of your current mortgage and the current market value of your home.
- Interest Only for 9 Years (draw period), then 10 year amortized repayment period for the outstanding balance.*
- 5.99% APR fixed for one year (with active Union Bank deposit account)**, then variable rate applies, adjusting annually to a rate determined by your credit limit.
$100,001 and above - Prime
$100,000-$75,001 - Prime + 1/4%
$75,000-$35,001 - Prime + 1/2%
$35,000-$25,001 - Prime + 3/4%
$25,000-$10,000 - Prime + 1%
- Receive a 1/2% discount off adjustable rates when payments are automatically debited from a Union Bank checking or savings account.
- No penalty for prepayment, so you can pay off the entire loan at your discretion without extra charges.
- Fee Free for most borrowers - Title insurance on loans over $100,000 & Kansas Mortgage Registration Tax on Kansas Properties must be paid by borrower, and both may be drawn as the first loan disbursement.
*19 year total loan term. “NYP WSJ Prime Rate is 3.25%”as of 12/17/2008. **Without active Union Bank deposit account, 6.49% APR fixed for the first year applies. Offer available for a limited time. Minimum line of credit $10,000.00. Lifetime floor 5.49%; ceiling 20%. Property insurance required. Consult your tax advisor regarding the tax deductible status of your loan.
Various term home equity loan options are also available. Call Damon R. Gomes at (816) 767-5733 for more information.
Mortgages
Union Bank’s affiliate, Union Home Mortgage, offers a wide range of mortgage options to meet your needs, regardless of where you find yourself in the home ownership lifecycle. Their experienced lenders have access to financial products designed to help build wealth, enhance lifestyles and preserve independence. Your Union Home Mortgage lender will listen to your needs and expectations, and will recommend the best solution for your specific situation.
Apply Online Now!
Lifecycle Loans - Union Home Mortgage is dedicated to finding the best loan available for you, throughout all of your life stages.
First Time Home Buyers. Deciding to purchase your first home is a big step. Union Home Mortgage offers buyer education services and programs specific to those entering the home ownership lifecycle.
- Education
- Credit Analysis
- Pre-Approval
- Flexible repayment schedules
- Low or no down payment programs available
Apply Online Now!
Experienced Home Buyers. Union Home Mortgage offers among the best Conforming and Jumbo loan terms and rates available, as well as non-conforming loan options. They will explore all options available, depending on your personal needs and preferences.
- Mortgage consultation
- Real-Estate portfolio review
- Pre-Approval
- Low or no down payment programs available
Apply Online Now!
Reverse Mortgages for Senior Home Owners. If you are aged 62 or older, a Reverse Mortgage can benefit you by giving you access to the equity in your home without giving up your title or selling your home. Unlike a traditional “forward” mortgage, which requires payment to the lender, the lender pays you under a “reverse” mortgage agreement, and you are generally not required to pay back the loan as long as you live in your home.
- No income restrictions or credit qualifications for many types of reverse mortgages
- No restrictions on how to use reverse mortgage proceeds
- Consumer protections in place for senior borrowers
- Free equity analysis and consultation
For more information about a reverse mortgage or for a free consultation, please call Union Home Mortgage at (816) 333-0202.
Specialty Loans – If you find yourself in a unique home-buying situation, let Union Home Mortgage find the mortgage that works best for you.
Swing, Bridge or Construction Financing. Union Home Mortgage can provide you with swing, bridge or construction financing programs if you’re building, remodeling or purchasing a new home prior to selling your current home. These programs provide short-term financing to complete your project and prepare you for permanent financing.
Non-Conforming Loans – A unique personal credit situation – such as non-W2 or self-employment income, a not-quite-perfect credit score or unestablished credit – does not necessarily exclude you from qualifying for a home loan. Union Home Mortgage will explore all available options to help you purchase or refinance your home.
For more information about any type of mortgage loan or for a free consultation, please call Union Home Mortgage at (816) 333-0202.
Or, Apply Online Now!
KS. Lic. 2003-4540; MO. Lic. 04-962-A
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