Link to University Lending Group Facebook page

 

 Link to University Lending Group Facebook page

ULG strives to provide its customers with high quality service and a comprehensive selection of competitively priced loan products. 
 
loans Contact Us

 

ULG strives to provide its customers with high quality service and a comprehensive selection of competitively priced loan products. 
 
loans Contact Us

 

 

Construction Lending

Building your dream home? With ULG’s Construction Perm loan, your lot, construction, and mortgage financing can be covered in a single loan. If you're looking to build and finance your primary residence a Construction Perm loan may be right for you. Benefits include:
·         Interest-only payments during construction
·         Fixed rate loan at modification
·         Conforming loan limits
·         A single set of closing costs
Recommended For
A Construction Perm loan may be right if you:
·         Are building a primary residence.
·         Have a minimum FICO score of 700.
·         Want one loan with a one-time close.
Housing Eligibility
The following housing requirements must be met to qualify for a Construction Perm loan:
·         One-unit, single-family detached home
·         Primary residence
·         Builder of choice must be a licensed contractor
 
This program gives the ability to build a new home. The loan will not disburse in its entirety at closing, but will be disbursed to the builder for work in place as each construction phase is complete. At closing ULG may advance funds to acquire the lot or payoff any existing lien. All other funds making up the total amount for improvements will be reserved for later disbursement as work is completed.
Building your dream home? With ULG’s Construction Perm loan, your lot, construction, and mortgage financing can be covered in a single loan. If you're looking to build and finance your primary residence a Construction Perm loan may be right for you. Benefits include:
·         Interest-only payments during construction
·         Fixed rate loan at modification
·         Conforming loan limits
·         A single set of closing costs
Recommended For
A Construction Perm loan may be right if you:
·         Are building a primary residence.
·         Have a minimum FICO score of 700.
·         Want one loan with a one-time close.
Housing Eligibility
The following housing requirements must be met to qualify for a Construction Perm loan:
·         One-unit, single-family detached home
·         Primary residence
·         Builder of choice must be a licensed contractor
 
This program gives the ability to build a new home. The loan will not disburse in its entirety at closing, but will be disbursed to the builder for work in place as each construction phase is complete. At closing ULG may advance funds to acquire the lot or payoff any existing lien. All other funds making up the total amount for improvements will be reserved for later disbursement as work is completed.

 

 

University Lending Group
 
Let University Lending Group guide you through the home buying or refinancing process, and provide you with the best service available.

PHONE: 586-783-7900

Copyright 2017
University Lending Group
Careers 
Privacy Notice | Terms Of Use
Online Security
NMLS #213179
University Lending Group
 
Let University Lending Group guide you through the home buying or refinancing process, and provide you with the best service available.

PHONE: 586-783-7900

Copyright 2017
University Lending Group
Careers 
Privacy Notice | Terms Of Use
Online Security
NMLS #213179
University Lending Group 
Mortgage Library Application About Us
Loan Programs
Locations Find a Professional Contact Us

Privacy Notice - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at www.university-bank.com or we will mail you a free copy upon request if you call us at 1-800-368-7987. 

Illinois Residential Mortgage Licensee - Illinois Mortgage Banker Licensee, License No. MB. 6760806, State of Illinois Department of Financial and Professional Regulation, Division of Banking, 100 W. Randolph, 9th Floor, Chicago, IL 60601; (312) 793-3000; www.idfpr.com.

University Lending Group 
Mortgage Library Application About Us
Loan Programs
Locations Find a Professional Contact Us

Privacy Notice - Federal law requires us to tell you how we collect, share, and protect your personal information. Our privacy policy has not changed and you may review our policy and practices with respect to your personal information at www.university-bank.com or we will mail you a free copy upon request if you call us at 1-800-368-7987. 

Illinois Residential Mortgage Licensee - Illinois Mortgage Banker Licensee, License No. MB. 6760806, State of Illinois Department of Financial and Professional Regulation, Division of Banking, 100 W. Randolph, 9th Floor, Chicago, IL 60601; (312) 793-3000; www.idfpr.com.