# University Lending Group > The smart choice for mortgages! --- ## Pages - [My Home Loans App](https://university-lending.com/my-home-loans-app/): Simplify Your Loan Experience with Our Mobile App! This mobile app is designed to enhance the loan experience for our... - [Launch DPA](https://university-lending.com/launch-dpa/): Introducing Launch DPA University Lending Group in partnership with Federal Home Loan Bank of Indianapolis (FHLBI) introduces a new down... - [SmartGreen](https://university-lending.com/build/smartgreen/): https://university-lending. com/wp-content/uploads/2024/11/SmartGreen_icon-300x292. png Builder incentive for newly constructed properties with an eligible green building certification or properties built with an... - [Thank You HELOC](https://university-lending.com/loan-options/first-lien-heloc/thank-you-heloc/): Please Click The Button Below To Pick A Day/Time For Your Meeting Thank you for reaching out! Click Here to... - [Neighborly Housing Grant](https://university-lending.com/neighborly-housing-grant/): Available in Washtenaw County, MINEIGHBORLY HOUSING GRANTA grant brought to you by University Bank with contribution of up to $10,000... - [2026 Florida Hometown Heroes](https://university-lending.com/hometownheroes/): Florida Home Purchase Program 2026 FLORIDA HOMETOWN HEROES This program provides down payment and closing cost assistance to first-time, income-qualified... - [Thank You](https://university-lending.com/thank-you/): Thank you for choosing the smart choice for mortgages. Your submission has been received, and someone will reach out to... - [Contact ULG to Start Your Career](https://university-lending.com/contact-ulg-about-your-career/): Let's connect for a confidential conversation. PGRpdiBjbGFzcz0idG9tbi1mb3JtLWVtYmVkIiBpZD0iY2FyZWVyc19mb3JtIiBkYXRhLWZvcm0taWQ9ImJleVh0RSIgZGF0YS11c2VyLWlkPSJHRG8xU2EiIGFyaWEtbGFiZWw9IkNvbnRhY3QgZm9ybSI+PC9kaXY+PHNjcmlwdCBhc3luYyBzcmM9Ii8vc2YzLnRvbW54LmNvbS9mb3JtZW1iZWQvZW1iZWRmb3JtLmpzIj48L3NjcmlwdD4= University Lending Group is an Equal Opportunity Employer. We consider applicants for all... - [Buy Down Mortgage Calculator](https://university-lending.com/buy-down-mortgage-calculator/): Lower Your Monthly Housing Payment with a Buydown Loan Program You can ease your way into a home with lower... - [Washtenaw County](https://university-lending.com/washtenaw-county/): Down Payment Assistance Work with a trusted, local lender https://university-lending. com/wp-content/uploads/2023/09/cloud-cropped. pngPGRpdiBjbGFzcz0idG9tbi1mb3JtLWVtYmVkIiBkYXRhLWZvcm0taWQ9InlqTjhoTCIgZGF0YS11c2VyLWlkPSJHRG8xU2EiPiZuYnNwOzwvZGl2Pgo8c2NyaXB0IGFzeW5jIHNyYz0iLy9zZjMudG9tbnguY29tL2Zvcm1lbWJlZC9lbWJlZGZvcm0uanMiPjwvc2NyaXB0Pg== University Lending Group, a division of University Bank,... - [HomeBoost](https://university-lending.com/homeboost/): HOMEBOOST is BACK! University Lending Group is proud to offer the HomeBoost Down Payment Assistance Grant to help make homeownership... - [Tallahassee](https://university-lending.com/tallahassee/): Find a Great Loan with ULG Looking to buy a home in Tallahassee? Look no further than University Lending Group... - [1st Lien HELOC](https://university-lending.com/loan-options/first-lien-heloc/): https://university-lending. com/wp-content/uploads/2023/05/Website-Circle-Images-family-walking. png What is a First Lien HELOC? A first position lien that allows homeowners to establish a line... - [Lets Get Started](https://university-lending.com/lets-get-started/) - [Renovation](https://university-lending.com/loan-options/renovation/): Your Search Stops Here Don't spend all of your time looking for that perfect home. With University Lending Group's renovation... - [Build](https://university-lending.com/build/): Building your dream home, let ULG™ help. Introducing ULG™'s One-Time Close Construction loan, a comprehensive solution for those seeking to... - [Purchase](https://university-lending.com/purchase/): Choosing a Loan Program The right type of mortgage for you depends on many different factors. Whether you need a... - [CA Privacy Policy](https://university-lending.com/ca-privacy-policy/): California Privacy Rights Act (CPRA) Policy (01-2023) University Bank (Bank) takes your privacy seriously. This Privacy Policy contains important information... - [Rural Housing](https://university-lending.com/loan-options/rural-housing/): https://university-lending. com/wp-content/uploads/2023/06/RuralHousingGraphic1. png Open skies calling your name? The rural housing program, through the United States Department of Agriculture (USDA),... - [Down Payment](https://university-lending.com/loan-options/down-payment-options/): Down Payment Assistance Down payment assistance (DPA) programs are designed to help homebuyers overcome the challenge of coming up with... - [Condo Options](https://university-lending.com/loan-options/condo-options/): https://university-lending. com/wp-content/uploads/2023/05/Website-Circle-Images-Condo-kitchen. png Buying a Condo? Look no further than University Lending Group for your condo financing needs. As a... - [First-Time Homebuyers](https://university-lending.com/loan-options/first-time-homebuyers/): https://university-lending. com/wp-content/uploads/2023/06/First-Time-Buyer-Graphic-3. png Start Your Application Today > A place to call your own Buying a home gets you stability,... - [No MI Options](https://university-lending.com/loan-options/no-mi-options/): https://university-lending. com/wp-content/uploads/2023/06/No-MI-1. pngDon’t want mortgage insurance? Avoiding mortgage insurance is possible by making a down payment of at least twenty... - [No Cash-Out Refinance](https://university-lending.com/refinance/no-cash-out-refinance/): https://university-lending. com/wp-content/uploads/2023/06/No-Cash-Out-Refinance. png Many uses A no cash-out refinance can be used for many things, but added benefits include lowering... - [Cash-Out Refinance](https://university-lending.com/refinance/cash-out-refinance/): https://university-lending. com/wp-content/uploads/2023/06/Cash-Out-Refi1. png Access your home’s equity Use the equity you’ve built in your home to: Consolidate debts. Do some... - [Jumbo Loans](https://university-lending.com/loan-options/jumbo-loans/): https://university-lending. com/wp-content/uploads/2023/06/Jumbo-Graphic-1. png Providing mortgage options At University Lending Group, we understand the unique needs of homebuyers looking to purchase... - [Adjustable Rate Mortgage](https://university-lending.com/loan-options/adjustable-rate-mortgage/): https://university-lending. com/wp-content/uploads/2023/05/Website-Body-Image-Circle_w_GoldLines. png Get a lower initial interest rate Adjustable Rate Mortgage (ARM) loans generally begin with an interest rate... - [Fixed Rate Mortgage](https://university-lending.com/loan-options/fixed-rate-mortgage/): https://university-lending. com/wp-content/uploads/2023/06/Fixed-Mortgage-2. png Predictable payments Fixed rate fully amortizing loans have two distinct features. First, the interest rate remains fixed... - [Terms Of Use](https://university-lending.com/terms-of-use/): TERMS OF USEYour use of the University Bank website (the “Website”) and any pages therein constitutes your agreement to all... - [Licenses](https://university-lending.com/licenses/): License & Registration InformationUniversity Lending Group, a division of University Bank NMLS #715685, Member FDIC. 42452 Hayes, Suite 1, Clinton... - [Refinance](https://university-lending.com/refinance/): Lower Payments. Consolidate Debt. Put your equity to use. There are many reasons to consider refinancing, let our experienced Loan... - [Loan Options](https://university-lending.com/loan-options/): Whether you're a first-time homebuyer or you're looking to buy your next home... we're here to answer your questions. Let... - [Careers](https://university-lending.com/careers/): Looking for a safe harbor for yourself or your team? University Lending Group is the perfect alternative for you and... - [Conventional Loans](https://university-lending.com/loan-options/conventional/): https://university-lending. com/wp-content/uploads/2023/05/Conventional-Loan-Body-Image1. png A Common Solution Conventional loans are one of your most common type of loan product and are... - [FHA Loans](https://university-lending.com/loan-options/fha-loans/): Your FHA loans are fully insured through the Federal Housing Administration (FHA), a government organization. FHA loans offer benefits that... - [VA Loans](https://university-lending.com/loan-options/va-loans/): https://university-lending. com/wp-content/uploads/2023/05/VA-Image-1. png Guaranteed by the VA A VA loan is a type of mortgage loan that is guaranteed by... - [Locations](https://university-lending.com/locations/): CALIFORNIA CAROLINA FLORIDA (850) 586-7070 | Email (850) 279-4630 | Email 2600 Partin North, Suite 310 Niceville, FL 32578(850) 677-1523... - [Privacy Policy](https://university-lending.com/privacy-policy/): Privacy Notice Consumer Online Privacy Policy University Lending Group*, (“we”) respects your desire for privacy and is committed to maintaining... - [Contact Us](https://university-lending.com/contact/): Experience the University difference. - [About](https://university-lending.com/about/): The smart choice for mortgages! PURCHASE | REFINANCE | BUILD | RENOVATE Local Lenders Rates and competitive loan solutions that... - [ULG Home](https://university-lending.com/): Mortgages, its what we do. Because online applications are great, but customer service should never be forgotten. https://university-lending. com/wp-content/uploads/2026/04/purchase_icon. pnghttps://university-lending.... --- ## FAQs - [How do I apply?](https://university-lending.com/faq-items/mauris-porta-interdum-risus-at-scelerisque-ante-faucibus-porttitor-erat-sit/): Here at ULG, we work how you work. You can ... - [What is a renovation loan?](https://university-lending.com/faq-items/duis-vel-risus-egestas-viverra-enim-sed-pretium-velit/): With a renovation loan you are able to purchase your ... - [Do I have to get prequalified first?](https://university-lending.com/faq-items/quisque-aliquet-libero-consequat-elementum-convallis-erat-risus-imperdiet/): Ultimately no, but its in your best interest to do ... - [Do I have to put down a large down payment?](https://university-lending.com/faq-items/vivamus-id-ante-vel-purus-commodo-cursus-nunc-sit-amet-cursus-massa/): When purchasing a home, every one’s needs are a little ... --- # # Detailed Content ## Pages - Published: 2025-06-03 - Modified: 2026-04-01 - URL: https://university-lending.com/my-home-loans-app/ Simplify Your Loan Experience with Our Mobile App! This mobile app is designed to enhance the loan experience for our clients by providing them with seamless, secure, and convenient access to their loan information anytime, anywhere. With features like real-time updates, document uploads, and intuitive loan tracking, the app is a powerful tool that will help us deliver even better service and stay connected with our clients throughout the loan process. Easy Application ProcessComplete your loan application wherever you are, whenever it’s convenient. No more paperwork, just simple steps on your smartphone! Secure Document UploadsUpload and manage your financial documents securely and instantly. No printing or mailing required. Real-Time UpdatesStay in the loop throughout your loan process with instant notifications and updates directly in the app. Save Time & Stay ConnectedCommunicate with your loan officer easily through the app, saving time and ensuring your questions are answered quickly. Peace of MindRest assured knowing your sensitive information is protected with the latest security technology. We’re thrilled to introduce our new mobile application—a convenient, secure, and intuitive way to complete your loan application from the palm of your hand. Not a fan of mobile and want to apply the traditional way? Awesome! We have that option still accessible as well. Connect with your mortgage loan officer for more information. This is not a commitment to lend or an offer for a rate lock agreement; a pre-qualification is based on a preliminary review of information provided and limited credit information. All home financing... --- - Published: 2025-04-15 - Modified: 2025-04-15 - URL: https://university-lending.com/launch-dpa/ Introducing Launch DPA University Lending Group in partnership with Federal Home Loan Bank of Indianapolis (FHLBI) introduces a new down payment assistance grant program. Funds are limited and households will be assisted on a first-come, first-served basis starting April 15th, 2024. The “Launch” DPA is a Grant that provides up to $20,000 or 20% of the purchase price (whichever is less) to qualified borrowers. WHO QUALIFIES FOR LAUNCH? Borrower qualifications include: Purchase; Primary Residence Household income must be below 80% of the AMI (area median income) PITI Payment must be less or equal to 40% of gross monthly household income $500 Borrower minimum contribution Funds may be used for down payment and closings costs To get started on the application, please fill out the form below! Get More InformationThank you for your message. It has been sent. ×There was an error trying to send your message. Please try again later. × --- - Published: 2024-12-04 - Modified: 2024-12-04 - URL: https://university-lending.com/build/smartgreen/ Builder incentive for newly constructed properties with an eligible green building certification or properties built with an eligible green building certification date within 5 years of the closing date. The borrower is then rewarded with a highly energy friendly home for healthier living and savings. Key Features of SmartGreen: Homes Must be Complete: This is not a construction to perm program. Product Type: 10, 15, 20 & 30 Year - fixed rate only. EnergyStar Required Improvements: EnergyStar insulation materials EnergyStar certified doors, windows, skylights EnergyStar heating/cooling with certified heat pump EnergyStar certified high efficiency water heater with heat pump technology EnergyStar certified lighting and appliances DOE Required Improvements: Exterior doors, windows, and skylights must meet EnergyStar requirements Insulation and air sealing materials must meet the International Energy Conservation Code standards Improved efficiency of mechanical equipment such as heating, cooling and hot water Air quality improvements such as installed home ventilation and smart thermostats Other items such as installed LEDs, smart power strips, EnergyStar appliances, solar PV, electric vehicle charger Solar ready If you're interested in becoming an EnergyStar partner, please contact our construction specialists, today! This is not a commitment to lend or an offer for a rate lock agreement; a pre-qualification is based on a preliminary review of information provided and limited credit information. All home financing transactions are subject to verification of application information, satisfying all underwriting conditions and requirements, and property eligibility, including appraisal and title report. You must carry insurance on the property that secures the... --- - Published: 2024-11-11 - Modified: 2025-08-21 - URL: https://university-lending.com/loan-options/first-lien-heloc/thank-you-heloc/ Please Click The Button Below To Pick A Day/Time For Your MeetingThank you for reaching out! Click Here to Schedule Your Meeting --- - Published: 2024-06-11 - Modified: 2024-09-03 - URL: https://university-lending.com/neighborly-housing-grant/ Available in Washtenaw County, MI NEIGHBORLY HOUSING GRANT A grant brought to you by University Bank with contribution of up to $10,000 for eligible borrowers. University Lending Group, in collaboration with University Bank, has introduced a down payment assistance grant program aimed at making homeownership more accessible for low to moderate income borrowers in Washtenaw County, MI. This initiative is designed to support individuals and families who might otherwise struggle to afford a down payment, thereby bridging the gap to homeownership. Key Features of the Down Payment Assistance Grant Non-Repayable Grant: Unlike loans, the assistance provided through this grant does not need to be repaid, significantly reducing the financial burden on the borrower and facilitates smoother entry into homeownership. Eligibility Criteria: The grant provides assistance to low to moderate income borrowers. Specific income limits and other eligibility criteria will apply, ensuring that the assistance reaches those who need it most. Community Focus: As a community bank, University Bank, along with its mortgage division, University Lending Group, emphasizes local engagement and support. This program is part of their broader commitment to fostering community development and financial stability in Washtenaw County. This down payment assistance grant is an excellent opportunity for eligible individuals in Washtenaw County to achieve their dream of homeownership without the added burden of repayment. It underscores the significant role community banks can play in fostering financial inclusion and stability within their local community. This is not a commitment to lend or an offer for a rate lock agreement;... --- - Published: 2024-05-29 - Modified: 2026-03-16 - URL: https://university-lending.com/hometownheroes/ Florida Home Purchase Program 2026 FLORIDA HOMETOWN HEROES This program provides down payment and closing cost assistance to first-time, income-qualified homebuyers so they can purchase a primary residence in the community in which they work and serve. To further assist 'HTH', Hometown Hero, eligible borrowers, Florida Housing added $7MM in additional funding received from HTH loan repayment. To track funding availability and program interest rates, please contact your dedicated Florida Loan Officer. Notable Updates: 5% Of the TOTAL Loan Amount capped at $35,000, with a minimum of $10,000 in downpayment and closing cost assistance. For example, borrowers with a loan amount of $200,000 or less would receive an automatic $10,000. One occupying borrower must be employed in an eligible occupation. Only one borrower is required to meet this eligibility (excluding non-occupying co-signors). · Active-Duty Military must provide a current Leave and Earnings Statement (LES). · Co-signors do not fulfill this requirement. · Veterans must also meet the occupational requirement and are not exempt. Bond & TBA programs are available This is not a commitment to lend or an offer for a rate lock agreement; a pre-qualification is based on a preliminary review of information provided and limited credit information. All home financing transactions are subject to verification of application information, satisfying all underwriting conditions and requirements, and property eligibility, including appraisal and title report. You must carry insurance on the property that secures the transaction, and flood insurance may be required. Any taxes or additional conditions imposed by the city,... --- - Published: 2024-05-20 - Modified: 2024-05-20 - URL: https://university-lending.com/thank-you/ Thank you for choosing the smart choice for mortgages. Your submission has been received, and someone will reach out to you soon. Down Payment AssistanceExplore down payment assistance options. Explore moreLoan ProgramsBrowse loan programs. Explore moreLocationsFind a location near you. We lend across the nation. Explore more --- - Published: 2023-11-27 - Modified: 2024-08-14 - URL: https://university-lending.com/contact-ulg-about-your-career/ Let's connect for a confidential conversation. University Lending Group is an Equal Opportunity Employer. We consider applicants for all positions without regard to race, color, religion, sex, national origin, age, marital status or the presence of a disability, which would not prevent the performance of essential job duties with or without reasonable accommodation of any other protective status. PAY TRANSPARENCY --- - Published: 2023-11-13 - Modified: 2024-03-25 - URL: https://university-lending.com/buy-down-mortgage-calculator/ Lower Your Monthly Housing Payment with a Buydown Loan Program You can ease your way into a home with lower payments that simply step up at the end of the first, second and third years and then remain fixed for the remainder of the loan. With a 3-2-1 Buydown, you can get a 30-year fixed rate loan with an interest rate that's discounted 3% during the first year, 2% during the second year, and 1% the third year. This is just one way today's buyers can make buying the home they really want a reality. Try our buydown calculator to see if this mortgage option would be a good fit for your budget. *Results are hypothetical and may not be accurate. This is not a commitment to lend nor a preapproval. Consult a financial professional for full details. A 3-2-1 buydown comes with extra upfront costs that are often paid by the seller or builder. There are additional details that vary according to the specific scenario. Payment example: If you bought a $450,000 home with a 20% down payment, for a loan amount of $360,000, with a 30 year term at a fixed rate of 6. 125% (Annual Percentage Rate 6. 220%), you would make 360 payments of $2,189. 00. Payment stated does not include taxes and insurance, which will result in a higher payment. --- - Published: 2023-09-29 - Modified: 2023-09-29 - URL: https://university-lending.com/washtenaw-county/ Down Payment Assistance Work with a trusted, local lender University Lending Group, a division of University Bank, Equal Housing Opportunity - NMLS 715685, 2015 Washtenaw Ave, Ann Arbor, MI 48104. Member FDIC. University Bank is not affiliated with any government agency. For a complete list of states University Bank can operate in please visit https://www. university-bank. com/licensing. This is not a commitment to lend or an offer for a rate lock agreement. All home financing transactions are subject to verification of application information, satisfying all underwriting conditions and requirements, and property eligibility, including appraisal and title report. Insurance is required on the property that secures the transaction, and flood insurance may be required. Any taxes or additional conditions imposed by the city, county or state that the subject property is located in will be the borrower’s responsibility. --- - Published: 2023-09-18 - Modified: 2025-07-03 - URL: https://university-lending.com/homeboost/ HOMEBOOST is BACK! University Lending Group is proud to offer the HomeBoost Down Payment Assistance Grant to help make homeownership more equitable. The HomeBoost Down Payment Assistance Grant provides up to $25,000 in grant funding to first-time homebuyers purchasing a home in Michigan or Indiana. WHO QUALIFIES FOR HOMEBOOST? First-time homebuyers intending to purchase a primary residence must: Purchase a Primary Residence Household income is at or below 120% of the AMI Minimum subsidy is $1,000 PITI Payment must be less or equal to 40% of gross monthly household income $500 Borrower minimum contribution Funds may be used for down payment, counseling and closing costs Acceptable Property Type: 1-4 Unit, Condo or Manufactured Housing deeded as Real Estate Term: 30 or 15 year First Time Homebuyer Requirement: At least one borrower must not have had ownership interest in a primary residence within the past three years AND be a First Generation Homeowner as defined below Must sign “HomeBoost Eligibility Certification”; document will print with the application package First Generation Homeowner Requirement: At least one borrower must self-identify as a first-generation homebuyer stating that they meet the following criteria: The parents and/or legal guardian of at least one borrower does not currently own a home and has not previously owned a home; or Has aged out of foster care; or Has become emancipated Note: At least one borrower must be both a first time homebuyer AND first generation homeowner Funds are limited and households will be assisted on a first-come, first-served... --- - Published: 2023-08-21 - Modified: 2023-09-29 - URL: https://university-lending.com/tallahassee/ Find a Great Loan with ULG Looking to buy a home in Tallahassee? Look no further than University Lending Group (ULG) for all your mortgage lending needs. As the number one mortgage lender in Tallahassee*, ULG offers some of the best home lending rates in the area. University Lending Group is dedicated to providing you with personalized and professional service to make your home financing process seamless. We would be honored to help you find a loan option with the best rate that suits your financial goals. Contact us today and experience the ULG difference for yourself. Jumbo Loans VA Loans Renovation Loans Construction Loans Down Payment Assistance Pre-Qualification Choose Florida's preferred lender, the number one purchase transaction lender in Leon County! * *per Metro Trends Report University Lending Group, a division of University Bank, Equal Housing Opportunity - NMLS 715685, 2015 Washtenaw Ave, Ann Arbor, MI 48104. Member FDIC. University Bank is not affiliated with any government agency. For a complete list of states University Bank can operate in please visit https://www. university-bank. com/licensing. This is not a commitment to lend or an offer for a rate lock agreement. All home financing transactions are subject to verification of application information, satisfying all underwriting conditions and requirements, and property eligibility, including appraisal and title report. Insurance is required on the property that secures the transaction, and flood insurance may be required. Any taxes or additional conditions imposed by the city, county or state that the subject property is located in... --- - Published: 2023-07-27 - Modified: 2025-09-26 - URL: https://university-lending.com/loan-options/first-lien-heloc/ What is a First Lien HELOC? A first position lien that allows homeowners to establish a line of credit using the equity in their home. When working with University Lending Group, you can tap into this line of credit by leveraging the value of your property. With a First Lien HELOC, you gain access to funds through checks and a debit card, making it convenient to use whenever necessary. Whether you want to undertake home renovations, consolidate debt, or cover other expenses, the flexibility of a First Lien HELOC enables you to access funds as needed. Find a Loan Officer HELOC Education— To view the full details of our product, please download our flyer. Let us guide you Additionally, University Lending Group offers a sweep account feature for 1st Lien HELOC loans. This account is established to facilitate immediate principal reduction. It works by sweeping all of your income into the account, which is then automatically transferred daily to your line of credit. By reducing the principal balance regularly, you can significantly decrease your daily per diem interest. This not only helps you pay off your home faster as early as 5-7 years, but it also translates into paying substantially less interest over the life of the loan. This can create wealth-building opportunities by allowing you to save on interest expenses and potentially invest the savings elsewhere. Get your 1st Lien HELOC One of the significant advantages of a 1st Lien HELOC loan with University Lending Group is immediate access... --- - Published: 2023-07-03 - Modified: 2024-05-29 - URL: https://university-lending.com/lets-get-started/ Thank you for your submission. Someone will be in touch with you soon. ×There was an error trying to send your message. Please try again later. ×Let's Connect. First Name *Last Name *Email *Phone NumberWhat are you looking to get more information on? *Are you looking to purchase or refinance, take cash out, build a home? Let us know how we can help! Purchase a homeRefinance an existing loanNew construction loanRenovate a home I want to purchaseRenovate my existing homeExplore the first position HELOC productExplore a reverse mortgage Get ConnectedOur loan officers keep your information confidential. Please don't submit any sensitive, personal information in this form. By submitting my data I agree to be contacted. --- - Published: 2023-06-07 - Modified: 2026-03-03 - URL: https://university-lending.com/loan-options/renovation/ Your Search Stops Here Don't spend all of your time looking for that perfect home. With University Lending Group's renovation options, you can purchase and/or renovate in that perfect neighborhood, school district, or even near family and friends. Our renovation loans allow you to purchase or refinance and roll the cost of repairs into one loan. Make any home your dream home! One Loan The loan allows for purchase or refinance costs PLUS the cost of renovations. One Closing Don't pay double closing costs, your loan and the cost of renovation will happen at the same time. One Payment Renovation costs are spread over the term of your loan. If you are looking to purchase a new home or refinance your existing home, you may want to consider one of University Lending Group's renovation loan products. We have programs for primary residence, second homes, and even investment properties. Renovation Team Deb Joslyn Renovation Specialist Mortgage Consultant NMLS #204587 Rhonda Koenders Renovation Specialist Mortgage Consultant NMLS #1134672 Get to know some of our Renovation Programs: FHA 203(k) loans Fannie Mae HomeStyle loans VA Renovation loans Get your purchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. × Continue --- - Published: 2023-06-07 - Modified: 2026-03-09 - URL: https://university-lending.com/build/ Building your dream home, let ULG™ help. Introducing ULG™'s One-Time Close Construction loan, a comprehensive solution for those seeking to build their dream home. This all-in-one financing option covers your lot, construction, and mortgage expenses under a single loan, simplifying the process and saving you time and effort. If you're planning to construct and finance your primary residence, the Construction Perm loan might be the perfect fit for you. The build loan is recommended for those looking to build their primary residence and have a minimum FICO score of 700. If you desire the simplicity of one loan with a single closing, this financing option is tailor-made for you. Meet these criteria, and you'll be on your way to turning your vision of a perfect home into a tangible reality. Eligibility One-unit, single-family detached home Primary residence Builder of choice must be a licensed contractor Benefits Include Interest-only payments during construction Fixed rate loan at modification Conforming loan limits A single set of closing costs Recommended For Building a primary residence Have a minimum FICO score of 700 Want one loan with a one-time close Get your purchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. × Continue --- - Published: 2023-05-26 - Modified: 2025-02-28 - URL: https://university-lending.com/purchase/ Choosing a Loan Program The right type of mortgage for you depends on many different factors. Whether you need a low down payment, want to renovate a home in your perfect location, or are looking to build your dream home, let one of our proven mortgage professionals help you decide the right mortgage for you. Conventional Loans Conventional loans are secured by government-sponsored entities or GSE's such as Fannie Mae and Freddie Mac. These loans offer different down pay payment options to fit your budget. Read MoreFHA Loans FHA loans are insured by government entities. These loans require a process that may be a little easier on potential homebuyers. Read MoreVA Loans More than 29 million veterans and service personnel are eligible for VA financing. We can help with your government-backed loan that often offers lower interest rates. Read MoreJumbo Loans Sometimes a house requires a larger loan. We offer some different options for your jumbo loan. Let's see which one works for you. Read MoreRural Homes Living in a rural community has some special loan requirements. Let our seasoned specialists guide you through them to make your dream home plans come true. Read MoreFirst Time Homebuyers There are a lot of options available when it comes to your first home purchase. Finding something that meets your budget is something we excel at. Read MoreRenovationConstructionRefinance A renovation loan can help you to finance the homes you may be ruling out because "they need a little (or a lot) of work.... --- - Published: 2023-02-08 - Modified: 2023-07-27 - URL: https://university-lending.com/ca-privacy-policy/ California Privacy Rights Act (CPRA) Policy (01-2023) University Bank (Bank) takes your privacy seriously. This Privacy Policy contains important information on how and why we collect, store, use, and share your personal information. It explains your rights to your personal information and how to contact us if you have a privacy issue. Terms Used in this Policy as defined by the California Consumer Privacy Act (CCPA) of 2018 as amended by the California Privacy Rights Act of 2020 (CPRA). Personal Information. Any information that identifies, relates to, or could reasonably be linked with a particular individual. Sensitive Personal Information. Sensitive Personal Information means: (1) Personal Information that reveals an individual’s (A) social security, driver's license, state identification card, or passport number; (B) account log-in, financial account, debit card, or credit card number in combination with any required security or access code, password, or credentials allowing access to an account; (C) precise geolocation; (D) a racial or ethnic origin, religious or philosophical beliefs, or union membership; (E) contents of mail, email and text messages, unless the Bank is the Intended recipient of the communication; (F) genetic data; and (2)(A) processing biometric Information for the purpose of uniquely identifying an individual; (B) Personal Information collected and analyzed concerning an individual's health, sex life, or sexual orientation. Biometric Information. An Individual's physiological, biological, or behavioral characteristics, including information pertaining to an individual's deoxyribonucleic acid (DNA), that is used or intended to be used, singly or in combination with each other or with other... --- - Published: 2022-12-23 - Modified: 2023-10-02 - URL: https://university-lending.com/loan-options/rural-housing/ Open skies calling your name? The rural housing program, through the United States Department of Agriculture (USDA), help lenders work with households, including low- and moderate-income, living or seeking to live in rural areas to make homeownership a reality. Providing affordable homeownership opportunities promotes prosperity, which in turn creates thriving communities and improves the quality of life in rural areas. Some benefits you may see include things like low-interest mortgages and no down payments. Find a Loan Officer > Location-specific The USDA defines eligible rural area requirements you must meet. This gives more home buying options if you may not qualify for other types of loans for more urban or suburban areas. In order to be eligible, household income must meet certain guidelines. As well as eligible rural area requirements as defined by the USDA. Some benefits you may see include things like low-interest mortgages and no down payments. Start the Application Process > Get your rural housingpurchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. ×ContinueBy submitting my data I agree to be contacted. --- - Published: 2022-12-23 - Modified: 2024-09-03 - URL: https://university-lending.com/loan-options/down-payment-options/ Down Payment Assistance Down payment assistance (DPA) programs are designed to help homebuyers overcome the challenge of coming up with a substantial down payment when purchasing a home. These programs are typically offered by government agencies, non-profit organizations, or local housing authorities. Down payment assistance can come in various forms, including grants, loans or second mortgages. Qualification Criteria: Homebuyers must meet specific eligibility criteria, which could include income limits, credit score requirements and housing intentions for certain programs. Some programs also have restrictions based on the type of mortgage loan you plan on using and the location or condition of the home purchase. Application Process: Homebuyers interested in down payment assistance must apply for the program. This could involve submitting financial documentation to determine your eligibility. Homebuyer Education: Some DPA programs require homebuyers to complete a certain number of educational courses. This is designed to provide valuable information about the home buying process, budgeting, and homeownership responsibilities. Down payment assistance programs vary widely by location and availability and terms can change. You could use the money to either help you reach your minimum down payment, your closing costs, or both, it all depends on the program. Work with your trusted loan officer to see which down payment assistance options might work best for you and your financial situation. Inquire About Down Payment Assistance Programs > Washtenaw County, MI $10,000 Grant > Find Out How Much You Can Afford > Inquire About Down Payment Assistance Programs > Find a Loan Officer... --- - Published: 2022-12-23 - Modified: 2023-07-27 - URL: https://university-lending.com/loan-options/condo-options/ Buying a Condo? Look no further than University Lending Group for your condo financing needs. As a leading mortgage lender, ULG specializes in helping buyers like you navigate the condo market with ease and confidence. Our team of experienced professionals understands the unique requirements and nuances of condo financing, ensuring that you receive the best mortgage rates and terms available. Find a Loan Officer > Let us guide you When it comes to condo financing, University Lending Group offers a seamless and streamlined process. We have established strong relationships with realtors and condominium associations, allowing us to provide you with access to a wide range of financing options specifically tailored for condos. Whether you're a first-time condo buyer or an experienced investor, our knowledgeable team will guide you through the entire process, from pre-approval to closing, ensuring that you make informed decisions every step of the way. With ULG by your side, you can enjoy the convenience and amenities of condo living while securing the most competitive mortgage rates in the market. Contact University Lending Group today and let us help you make your condo ownership dreams a reality. Find Out How Much You Can Afford > Get your first lien HELOCpurchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. ×ContinueBy submitting my data I agree to be contacted. --- - Published: 2022-12-23 - Modified: 2026-04-03 - URL: https://university-lending.com/loan-options/first-time-homebuyers/ Start Your Application Today > A place to call your own Buying a home gets you stability, security, and providing a sense of permanence with something that you own. It’s your home, you can customize it to your needs and preferences. The right mortgage to fit your needs can depend on a lot of things. Let us help you answer your questions about: Down payments Interest rates and how they affect your monthly payment as well as the life of your loan How much home you can afford What your future plans may be and how that can affect your finances If you want a payment that stays the same or may adjust in the future Financial benefits When you make mortgage payments to your home, you build equity, which can be a valuable asset for your financial future. You also build appreciation in property value over time. Homeownership can bring tax benefits, including deductions in mortgage interest, property taxes, and mortgage insurance premiums. A mortgage with a shorter repayment period can save you thousands of dollars in interest payments over the life of the loan, but your monthly payments will be higher. An adjustable rate mortgage may get you started with a lower monthly payment than a fixed rate mortgage, but your payments could be higher when the interest rate changes. * Find a Loan Officer > Many loan options The best way to find the right answer is to discuss your finances, your future financial prospects, and your... --- - Published: 2022-12-23 - Modified: 2023-10-02 - URL: https://university-lending.com/loan-options/no-mi-options/ Don’t want mortgage insurance? Avoiding mortgage insurance is possible by making a down payment of at least twenty percent when purchasing a home. However, it's important to note that not all loans mandate this level of down payment. Mortgage insurance serves to safeguard the lender in the event that you are unable to meet your mortgage payments in the future. It should not be confused with homeowner's insurance, which provides protection in case of damage or incidents affecting your home that require financial coverage. Find a Loan Officer > Lower monthly payments Opting out of mortgage insurance can lead to notable savings on your monthly mortgage payment, allowing you to keep more of your hard-earned money throughout the loan's duration. While certain loans necessitate continuous mortgage insurance payments, there are alternative loan options available that may exempt you from carrying mortgage insurance altogether, giving you greater financial flexibility. Consult with your Loan Officer about your options. Start the Application Process > MI Fees Mortgage insurance comes with its own set of costs that homeowners should be aware of. Typically, mortgage insurance premiums are added to the monthly mortgage payment, increasing the overall monthly housing expense. The actual cost can vary depending on factors such as the size of the down payment, the loan amount, and the type of mortgage insurance required. While it can provide access to homeownership with a smaller down payment, it's important to recognize that this added expense can significantly impact a homeowner's budget over the life... --- - Published: 2022-12-23 - Modified: 2025-02-26 - URL: https://university-lending.com/refinance/no-cash-out-refinance/ Many uses A no cash-out refinance can be used for many things, but added benefits include lowering your monthly principal and interest payments. With a no cash-out refinance, you refinance your existing mortgage for less than or equal to your current loan balance. You receive no money at your closing, but it can allow you to lower your interest rate or shorten the full loan term. Find a Loan Officer > Shorter loan term If you refinance to a shorter loan term, you may be able to pay off your mortgage quicker, saving you money on interest for the life of the loan. Find Out How Much You Can Afford > Financial benefits If your credit score or financial situation has improved since obtaining your original mortgage, you may qualify for a lower interest rate on your new loan, which can lower your monthly mortgage payment, saving you money in the long run. Start the Application Process > Get your no cash-out refinancingpurchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. × Type of RefinanceHELOCCash Out RefiNo Cash Out Refi Continue --- - Published: 2022-12-23 - Modified: 2025-02-26 - URL: https://university-lending.com/refinance/cash-out-refinance/ Access your home’s equity Use the equity you’ve built in your home to: Consolidate debts. Do some renovation. The amount you’re able to draw on your refinance usually depends on your home’s value. You’ll generally be able to get no more than eighty percent of what your home’s market value, but that can vary depending on your circumstances. Find a Loan Officer > Simplified payments If you consolidate multiple debts into one mortgage payment, you can simplify monthly payments and potentially lower overall monthly payments. Find Out How Much You Can Afford > Financial benefits If your credit score or financial situation has improved since obtaining your original mortgage, you may qualify for a lower interest rate on your new loan, saving you money in the long term. Start the Loan Application Process > Get your cash-out refinancepurchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. × Type of RefinanceHELOCCash Out RefiNo Cash Out Refi Continue --- - Published: 2022-12-22 - Modified: 2023-08-08 - URL: https://university-lending.com/loan-options/jumbo-loans/ Providing mortgage options At University Lending Group, we understand the unique needs of homebuyers looking to purchase properties in high-price housing markets. That's why we offer specialized jumbo loans, which are designed to accommodate loan amounts that exceed the limits set by government-supported entities such as Fannie Mae and Freddie Mac. Jumbo loans are a type of non-conforming loan that allow you to buy a home in a high-price housing market. Find a Loan Officer > Personalized loans to fit your needs Due to their larger loan amounts, jumbo loans typically come with additional underwriting requirements. These requirements may include a more extensive documentation process, stricter credit score and debt-to-income ratio criteria, and higher down payment requirements. Our team of experienced mortgage professionals at University Lending Group will guide you through these requirements, helping you navigate the application process with ease. By offering jumbo loans, we empower homebuyers to confidently pursue their dream homes in markets where property prices exceed the limits of conventional mortgages. Whether you're looking to purchase a luxurious residence, invest in a high-value property, or relocate to a prestigious neighborhood, our jumbo loan options provide the necessary financial resources to make your aspirations a reality. Find Out How Much You Can Afford > Get your jumbo loanpurchaserefinance1st Lien HELOCveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. ×ContinueBy submitting my data I agree to be contacted. --- - Published: 2022-12-15 - Modified: 2023-10-02 - URL: https://university-lending.com/loan-options/adjustable-rate-mortgage/ Get a lower initial interest rate Adjustable Rate Mortgage (ARM) loans generally begin with an interest rate that is below a comparable fixed rate mortgage, and could allow you to plan for future changes when financing your home. However, the interest rate changes at specified intervals (for example, every year) depending on changing market conditions. Find a Loan Officer > Short Term Solutions Sometimes it makes sense to use an adjustable-rate mortgage for a short-term financial situation. An ARM loan starts at a lower fixed rate for an initial period of time, then adjusts to market conditions periodically after that. Sometimes you need a non-traditional option to meet your current financial situation. Your mortgage professional will discuss ARMs and other special kinds of mortgages that fit your specific financial situation with you when you meet with them. Start the Application Process > Get your purchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. ×ContinueBy submitting my data I agree to be contacted. --- - Published: 2022-12-15 - Modified: 2024-03-02 - URL: https://university-lending.com/loan-options/fixed-rate-mortgage/ Predictable payments Fixed rate fully amortizing loans have two distinct features. First, the interest rate remains fixed for the life of the loan. Secondly, the payments remain level for the life of the loan and are structured to repay the loan at the end of the loan term. * During the early amortization period, a large percentage of the monthly payment is used for paying the interest. As the loan is paid down, more of the monthly payment is applied to the principle. Find a Loan Officer > Protection against rising interest rates A fixed-rate mortgage offers several notable benefits to homeowners. One of the primary advantages is the predictability it brings to monthly housing costs. With a fixed interest rate, borrowers can confidently plan their budgets, as their principal and interest payments remain constant throughout the life of the loan, regardless of fluctuations in the broader interest rate market. This stability provides peace of mind and shields homeowners from sudden payment increases that adjustable-rate mortgages may experience. Additionally, fixed-rate mortgages are an excellent choice during periods of low-interest rates, as they allow borrowers to lock in a favorable rate for the long term, potentially saving them substantial amounts of money over the life of their loan. Overall, the security and financial planning benefits of a fixed-rate mortgage make it a popular and sensible choice for many homebuyers. Find Out How Much You Can Afford > *Payment amounts are subject to taxes and insurance changes. Get your fixed rate mortgagepurchaserefinance1st... --- - Published: 2022-12-14 - Modified: 2024-03-12 - URL: https://university-lending.com/terms-of-use/ TERMS OF USE Your use of the University Bank website (the “Website”) and any pages therein constitutes your agreement to all of the following terms, conditions and notices (“Terms of Use”). If you do not agree with these Terms of Use, your sole remedy is to discontinue using this Website. Copyright NoticesWith the exception of some graphic images used within this Website that are copyrighted by iStockphoto. com, the works of authorship contained in the University Bank Website, including, but not limited to, all design, text, sound recordings and images, are owned by University Bank or one of its subsidiaries, unless otherwise expressly stated. The content on the Website may not be copied, transmitted, displayed, performed, distributed (for compensation or otherwise), licensed, altered, framed, stored for subsequent use or otherwise used in whole or in part in any manner without University Bank’s prior written consent, except to the extent permitted by the Copyright Act of 1976 (17 U. S. C. § 107), as amended, and then only with notice of University Bank’s proprietary rights. Trademark Notices“University Bank” and other words or symbols used on this website to identify University Bank’s services are trademarks and service marks of University Bancorp. The display of these trademarks does not imply that a license of any kind has been granted to the user. Any downloading, re-transmission, other copying or modifications or use of the trademarks and other information and material contained in the Website may be a violation of federal trademark and copyright laws.... --- - Published: 2022-12-14 - Modified: 2026-01-02 - URL: https://university-lending.com/licenses/ License & Registration Information University Lending Group, a division of University Bank NMLS #715685, Member FDIC. 42452 Hayes, Suite 1, Clinton Township, MI 48038 University Bank is licensed or exempt from licensing in the following states: Alabama – ExemptAlaska – ExemptArizona – ExemptArkansas – ExemptCalifornia – ExemptColorado – ExemptConnecticut – ExemptDelaware – ExemptDistrict of Columbia – ExemptFlorida – ExemptGeorgia – ExemptHawaii – ExemptIdaho – ExemptIllinois – ExemptIndiana – ExemptIowa – ExemptKansas – ExemptKentucky – ExemptLouisiana – ExemptMaine – ExemptMaryland Mortgage Lender License 715685Massachusetts - Mortgage Lender License ML93460Michigan – ExemptMinnesota – ExemptMississippi – ExemptMissouri - ExemptMontana – ExemptNebraska – ExemptNevada - Mortgage Servicer License 4428Nevada Exempt Company Registration 5662New Hampshire – Exempt,New Jersey - ExemptNew Mexico – ExemptNew York – ExemptNorth Carolina – ExemptNorth Dakota – ExemptOhio – ExemptOklahoma – ExemptOregon – ExemptPennsylvania – ExemptRhode Island – ExemptSouth Carolina Consumer Credit Grantor Registration Number CGL-177335South Dakota – ExemptTennessee – ExemptTexas – ExemptUtah – ExemptVermont – ExemptVirginia – ExemptWashington – ExemptWest Virginia – ExemptWisconsin – ExemptWyoming – Exempt --- - Published: 2022-12-05 - Modified: 2026-04-09 - URL: https://university-lending.com/refinance/ Lower Payments. Consolidate Debt. Put your equity to use. There are many reasons to consider refinancing, let our experienced Loan Officers help you decide if refinancing makes sense for you and your family. We make refinancing easy! I want to consolidate debtIf you are looking to use the equity in your home to consolidate some debts, consider a Cash-Out Refinance. Read MoreI want a lower paymentIf you are looking to lower your payment, consider a No Cash-Out Refinance. Read MoreI want to do some renovationsIf you are looking to use the equity in your home to do some renovations, consider a Cash-Out Refinance. Read MoreMortgage Refinance Costs When you refinance your mortgage, you usually pay off your original mortgage and sign a new loan. When you refinance you want to make sure your costs are economical for your situation. We review that with you so you can make your best financial decision. Analyze Your Savings ULG's competitive rates will be reviewed with you as well as any costs associated with your loan. These costs can include items such as an appraisal fee, a credit report fee, and a processing fee. After meeting with your Loan Officer, you'll have a full understanding of your loan. Ready to get started today? Start the application processApply to find the right mortgage that gets you into your dream home. Apply NowFind a loan officer in your areaWe have locations nationwide. Find the branch closest to you. See Our LocationsDo some researchFind out how much... --- - Published: 2022-12-05 - Modified: 2026-04-09 - URL: https://university-lending.com/loan-options/ Whether you're a first-time homebuyer or you're looking to buy your next home... we're here to answer your questions. Let us help you find the right loan for you. Whether you're a first-time homebuyer or are looking to buy your next home, we are here to answer your questions. Let us help you find the right loan for you. Buying a Home? We offer government sponsored entities including Fannie Mae and Freddie Mac, which have different down payment options! Get Prequalified FirstNeed Down Payment Options? Your down payments options can vary to meet your budget; some even have a no down payment option. Explore Your OptionsNeed Some Updates? Take any home and make it yours. With our renovation option, you can purchase and renovate all-in-one loan. One Loan, one closing. Renovate Your Home Building a House? If you’re ready to build your dream home, we have the right construction loan for you. One time close, one loan. One-Time Close ConstructionAre You a Veteran? We will make sure that you make the most of your VA Loan benefits. From putting no money down to reduced fees, let’s put your benefits to work. Get a VA LoanNeed a Federal Housing Loan? An FHA loan may be best for you. Fully insured through the Federal Housing Association, a government organization. Find Out MoreFirst Time Home Buyer? If you’re purchasing a home for the first time, we can take you through it step-by-step. Buy My First HomeLeaving the Metro? Living in a rural community... --- - Published: 2022-12-02 - Modified: 2026-05-20 - URL: https://university-lending.com/careers/ Looking for a safe harbor for yourself or your team? University Lending Group is the perfect alternative for you and your team. We're owned by a well-capitalized community bank, we offer a full portfolio of products, including all the standard agency Fannie, Freddie, FHA, VA, and USDA-RD products as well as construction and renovation lending options for VA and conventional. We also offer niche products like jumbo loans, doctor loans, portfolio loans, and first-position HELOCs. Our accessible underwriting team has provided consistent 24-hour turn times on purchases and conditions with no underwriting overlays and will happily manually underwrite any refer AUS finding. With this level of support, our loan officers consistently meet closing dates while providing a smooth and seamless closing experience for our clients. Our team members earn competitive salaries, commissions, profit sharing, 401k, pension, and company stock through the employee stock ownership plan. See why University Lending Group is The Smart Choice for Mortgages! Bank-Owned Being a bank-owned mortgage division means we are a well-capitalized lender not requiring funding fees at closing. Saving you time and stress at closing. Niche Products Renovation loans for FHA and Conv. , one-time close construction for VA and Conv. , 2/1 buydowns, portfolio products, jumbo loans, 1st position HELOCs, and everything in between. We have products that meet your client's needs. Marketing Support In-house marketing support to help you get your business done the way that you like to do it. CRM systems, online flyer systems, as well as hands-on graphic design... --- - Published: 2022-12-02 - Modified: 2023-08-11 - URL: https://university-lending.com/loan-options/conventional/ A Common Solution Conventional loans are one of your most common type of loan product and are secured by government-sponsored entities such as Fannie Mae and Freddie Mac. Conventional loans can be used to purchase or refinance homes with first and second mortgages on single-family homes to four-family dwellings. Find a Loan Officer > A Simple Solution In general, Fannie Mae and Freddie Mac set the national loan limit for this product. This limit is reviewed annually and, if needed, changed to reflect changes in the national average price for single family homes. Any amount above those limits pushes you into a jumbo product. View All Calculators > Get your purchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. ×ContinueBy submitting my data I agree to be contacted. --- - Published: 2022-12-02 - Modified: 2024-03-12 - URL: https://university-lending.com/loan-options/fha-loans/ Your FHA loans are fully insured through the Federal Housing Administration (FHA), a government organization. FHA loans offer benefits that include lower down payments, lower closing costs, straight-forward mortgage terms, and easier credit qualification. FHA Single Family Insurance Program Programs that help low- and moderate-income families become homeowners by lowering some of the costs of their mortgage loans. FHA Streamlined 203(K) A single-family home rehabilitation program that enables you to finance both the purchase or refinance of a house and/or the cost of its rehabilitation through a single mortgage. You will also hear this loan called a renovation loan. You want to work with a renovation expert when you use this type of financing, they will make this process a breeze for you. FHA Mortgage Insurance Costs For an FHA loan the borrower will be charged a mortgage insurance premium equal to 1. 75% of the base mortgage amount which can be added into the mortgage on the property and a renewal premium of 0. 85% of the base mortgage amount, calculated monthly, in subsequent years. DOWN PAYMENT GIFTS - FHA allows 100% of the down payment to be a gift from friends, family, or other approved sources. It’s a great alternative. Get your FHA loanpurchaserefinance1st Lien HELOCfirst-time homebuyerveteran questions answered. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. ×ContinueBy submitting my data I agree to be contacted. --- - Published: 2022-12-02 - Modified: 2023-10-02 - URL: https://university-lending.com/loan-options/va-loans/ Guaranteed by the VA A VA loan is a type of mortgage loan that is guaranteed by the U. S. Department of Veterans Affairs (VA). These loans are designed to help eligible military veterans, active-duty service members, and certain eligible surviving spouses buy a home. The veteran must have served in the military for a minimum of 90 days during wartime or 181 consecutive days during peacetime. Surviving spouses of veterans who died in the line of duty may also be eligible for a VA loan. Find a Loan Officer > Start the Application Process > Excellent benefits Some of the key benefits of VA loans include: No down payment: VA loans do not require a down payment, making it easier for veterans to buy a home. No private mortgage insurance (PMI): Unlike other types of loans, VA loans do not require PMI, which can add hundreds of dollars to a monthly mortgage payment. Low interest rates: VA loans often have lower interest rates compared to conventional loans, which can result in lower monthly payments. No prepayment penalties: VA loans do not have prepayment penalties, which means borrowers can pay off your mortgage early without incurring extra fees. Relaxed credit standards: VA loans have more relaxed credit standards compared to conventional loans, making it easier for veterans with lower credit scores to qualify for a loan. Find Out How Much You Can Afford > Get your veteranpurchaserefinance1st Lien HELOCfirst-time homebuyer questions answered. Thank you for contacting us. Your information has... --- - Published: 2020-11-11 - Modified: 2026-05-20 - URL: https://university-lending.com/locations/ Our Dedicated California TeamCalifornia TeamVisit CaliforniaOur Dedicated Carolina TeamCarolina TeamVisit CarolinaOur Dedicated Florida TeamFort Walton Beach (850) 586-7070 | Email Visit Ft. Walton BeachNiceville(850) 279-4630 | Email 2600 Partin North, Suite 310 Niceville, FL 32578Visit NicevilleGulf Breeze(850) 677-1523 | Email3000 Gulf Breeze Parkway, Ste #11Gulf Breeze, FL 32563Visit Gulf BreezePensacola (850) 912-8002 | Email 2000 West Garden Street Pensacola, FL 32502 Visit PensacolaNavarre(850) 396-0322 | Email 7552 Navarre Parkway, Suite 56 Navarre, FL 32566Visit NavarreTallahassee (850) 296-1699 | Email 1501 E Park Ave Tallahassee, FL 32301 Visit TallahasseeOur Dedicated Indiana TeamCrawfordsville(765) 361-1900 | Email 209 E Market St Crawfordsville, IN 47933Visit CrawfordsvilleCrown Point(219) 769-6820 | Email 1005 Millennium Dr, Suite 102 Crown Point, IN 46307Visit Crown PointOur Dedicated Michigan TeamAnn Arbor (Mansion) (734) 206-1800 | Email 2015 Washtenaw Ave Ann Arbor, MI 48104 Visit Ann ArborSouthgate Area (586) 783-7900 | Email Visit SouthgateAnn Arbor (Valley) (734) 669-8000 | Email 2395 Oak Valley Drive, Suite 300 Ann Arbor, MI 48103 Visit Ann Arbor (Valley)Clinton Township(586) 783-7900 | Email 42452 Hayes, Suite 1 Clinton Township, MI 48038Visit Clinton TwpOur Dedicated Tennessee TeamHendersonville (615) 415-2346 | Email 13 Industrial Park Drive, Suite 400 Hendersonville, TN 37075 Visit Hendersonville --- - Published: 2020-10-28 - Modified: 2026-05-18 - URL: https://university-lending.com/privacy-policy/ Privacy Notice Consumer Online Privacy Policy University Lending Group*, (“we”) respects your desire for privacy and is committed to maintaining the confidentiality of your personal financial information. This document outlines our privacy policy for consumer visitors to our website. If you are a consumer who has a continuing relationship with us, please see our Privacy Notice for additional details about our treatment of your personal information. Our Collection of Information About You. We may collect nonpublic personal information about you in order to understand your needs, administer our business, process transactions, and provide you with products and services. We obtain nonpublic personal information about you from the following sources when you request or obtain services from us: Information we receive from you on applications or other forms (such as your name, address, social security number, assets and income); Information about your transactions with us or others (such as your account balance, payment history, parties to transactions, and credit usage); and Information we receive from a consumer reporting agency (such as your creditworthiness and credit history). Our Disclosure of That Information.  We may disclose information about you, your accounts and transactions: (a) where it is necessary or helpful to effect, process or confirm your transactions; (b) to verify the existence, history and condition of your account for credit reporting agencies; (c) to comply with legal process, such as subpoenas and court orders; (d) to law enforcement authorities if we believe a crime has been committed; (e) if you give us your... --- - Published: 2020-06-08 - Modified: 2025-02-26 - URL: https://university-lending.com/contact/ Experience the University difference. Experience the University difference. Purchase a homeRefinance an existing homeBuild your dream homeRenovate an existing home or a new purchase Review some of our FAQ's Do I have to put down a large down payment? Jenn2021-01-20T18:26:23+00:00Do I have to put down a large down payment? When purchasing a home, every one’s needs are a little bit different. There are many down payment options available that don’t require a large down payment. Let us review them with you. Do I have to get prequalified first? Jenn2021-01-20T18:29:21+00:00Do I have to get prequalified first? Ultimately no, but its in your best interest to do so. When you get prequalified, you know what your buying power is and that way you are able to search for your dream home according to your budget. This also helps to make you a more qualified candidate when presenting an offer on a home. Consultations are always free with our experienced Loan Officers. What is a renovation loan? Jenn2021-01-20T19:00:57+00:00What is a renovation loan? With a renovation loan you are able to purchase your home and build in your renovations all in one loan. One loan, one closing. Let us connect you with our dedicated renovation specialist to review what your options are. How do I apply? Jenn2023-09-25T17:38:58+00:00How do I apply? Here at ULG, we work how you work. You can apply online if that is what you prefer or you can connect directly with one of our experienced mortgage loan officers to apply. Whether... --- - Published: 2020-06-08 - Modified: 2026-05-20 - URL: https://university-lending.com/about/ The Smart Choice for Mortgages! PURCHASE | REFINANCE | BUILD | RENOVATE Local LendersRatesand competitive loan solutions that align with your financial goals. 24 HoursAverage underwriting turn times for purchase submissions. 47*States available to provide home financing in. Nationwide ability with local support and services. We'd love to hear from you. Locations Click to find the location nearest you Apply Online You can get started by using our online application. Click here to get started! Contact Us If you need more information and want to experience our excellent customer service. Contact Us Let's get your mortgage application started. CONTACT US --- - Published: 2020-06-08 - Modified: 2026-05-22 - URL: https://university-lending.com/ Mortgages for real life. Because online applications are great, but customer service should never be forgotten. Thank you for contacting us. Your information has been received. ×There was an error trying to send your message. Please try again later. × ContinueBy submitting my data I agree to be contacted. Purchase Conventional, FHA, & VABuy a New HomeFirst-time home buyer, moving up or need to down grade? We have plenty of options for you that will meet your budget. Whether you need some down payment options or special Veterans options. Consult with our team to see what works best for you. GET STARTEDConsultations are always free. Refinance Your Current MortgageLower payments, cash-out for events or even debt consolidation. Our consultations are always free and no obligation. Also, if you just need your interest rate checked, we are happy to give you peace of mind. Get StartedBuild or Remodel OptionsNew Construction or RenovationCheck out our one-time close construction loan. With our renovation options, you're one loan and one closing away from your renovation dreams. NEW CONSTRUCTIONRENOVATIONMortgage Products Made For YouWhether you are looking to purchase, refinance, buy, or build, ULG has you covered. Every mortgage is unique, if you are a first-time home buyer, need to examine down payment options, or just want someone to take a look at your rate, one of our experienced Loan Officers is ready to connect with you. Contact UsFind a Branch Near YouWe have locations across the nation. Branch Locations --- --- ## FAQs - Published: 2020-06-26 - Modified: 2023-09-25 - URL: https://university-lending.com/faq-items/mauris-porta-interdum-risus-at-scelerisque-ante-faucibus-porttitor-erat-sit/ Here at ULG, we work how you work. You can apply online if that is what you prefer or you can connect directly with one of our experienced mortgage loan officers to apply. Whether we work with you face-to-face or from afar, we pride ourselves on being able to provide the superior customer service you have come to know from ULG. Apply Now or Find a Location Near You --- - Published: 2020-06-26 - Modified: 2021-01-20 - URL: https://university-lending.com/faq-items/duis-vel-risus-egestas-viverra-enim-sed-pretium-velit/ With a renovation loan you are able to purchase your home and build in your renovations all in one loan. One loan, one closing. Let us connect you with our dedicated renovation specialist to review what your options are. --- - Published: 2020-06-26 - Modified: 2021-01-20 - URL: https://university-lending.com/faq-items/quisque-aliquet-libero-consequat-elementum-convallis-erat-risus-imperdiet/ Ultimately no, but its in your best interest to do so. When you get prequalified, you know what your buying power is and that way you are able to search for your dream home according to your budget. This also helps to make you a more qualified candidate when presenting an offer on a home. Consultations are always free with our experienced Loan Officers. --- - Published: 2020-06-26 - Modified: 2021-01-20 - URL: https://university-lending.com/faq-items/vivamus-id-ante-vel-purus-commodo-cursus-nunc-sit-amet-cursus-massa/ When purchasing a home, every one's needs are a little bit different. There are many down payment options available that don't require a large down payment. Let us review them with you. --- ---