STRONGSVILLE, Ohio, June 27,
2024 /PRNewswire/ -- Union Home Mortgage (UHM), a
high-growth independent mortgage banking company with a world-class
culture, announced today it has provided more than $1 million of support to low-to-moderate income
first-time homebuyers through its 1% Down Payment Assistance
Program. Since December of 2023, the program has helped more than
400 families achieve the dream of homeownership with an average
grant size of approximately $2,700.
"The 1% Down Payment Assistance Program has been hugely
impactful for people across the country," said CEO
Bill Cosgrove. "Homeownership is a foundational piece of the
American dream and we're committed to helping folks from all walks
of life achieve it. This program has been so important for low and
moderate income families, putting them in a position to build
wealth and gain stability by owning a home. We will continue to
place an emphasis on advancing homeownership through innovative
programs like this and our commitment to communities through the
Union Home Mortgage Foundation."
Through UHM's 1% Down Payment Assistance Program, homebuyers can
put as little as 1% down towards the purchase of a home and Union
Home Mortgage will provide an additional 2% towards their down
payment. The program is available to homebuyers eligible for the
Fannie Mae Home Ready and Freddie Mac HomePossible Programs, which
are both designed to provide increased flexibility and options to
low-income borrowers.
Union Home Mortgage lends nationwide with a portfolio of
products spanning Fannie Mae, Freddie Mac, FHA, VA, USDA and other
conforming and non-QM loan products. The company has been
recognized as a nationwide top workplace by Energage and one of the
top places to work in Northeast
Ohio by Cleveland.com and the Plain Dealer.
For more information, go to uhm.com.
Union Home Mortgage will contribute up to 2% down (no greater
than $2500) towards a 3% down
payment. Home buyer is responsible for the remainder of the down
payment. This offer is available for the purchase of a primary
residence only. For full terms and conditions visit
uhm.com.
About Union Home Mortgage
Union Home Mortgage Corp. (UHM) is a high-growth, full-service
retail, wholesale, and consumer direct independent mortgage banking
company with branches across the U.S in 48 states + D.C. With a
world-class culture that stands out in the mortgage industry, UHM
Partners (employees) are guided by a Code of Conduct that
emphasizes respect, open communication, and accountability.
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SOURCE Union Home Mortgage