Mortgage and Home Equity Loans

First Time Home Buyers

pregnant woman by houseAre you a first time homebuyer? If so, the Rural Housing Program may be the loan for you?  It is considered one of those hidden treasures in the mortgage world and it is one of the only true 100% financing programs available in this real estate market for home buyers. This program does not require a down payment and you are also allowed to finance the closing costs into the loan. So, you can really buy a home with next to nothing out of pocket!  Ask one of our Mortgage specialists today if you qualify for this program.

Guaranteed Rural Housing Loan Program – no money down

Fill out our Residential Loan Application now.

Fixed Rate Mortgages

house windowsIf you are purchasing a new home or refinancing, UB&T offers mortgage programs to fit your situation. A Fixed Rate Mortgage offers you a guaranteed interest rate and a fixed monthly payment amount for the full term of the loan, giving you peace of mind for as long as you live in your home.

We offer low or no down payment programs:

  • Home Possible – low down payment loans
  • Rural Development – zero down payment programs
  • VA 100% financing available

We have terms to fit your repayment needs.

As with most types of mortgages, a down payment of 20% or more will usually eliminate the need for mortgage insurance.

Local servicing gives you the security and convenience of making your payment to us. We do not require you to escrow for taxes or insurance, although we do encourage it as a budgeting tool.


There are many reasons to refinance a home: such as debt consolidation, lower interest rates, changing the amortization, or cash needed for large purchases. Let our mortgage lenders help you decide on the best alternative for your own personal needs. See the loan officer at your local office for rates, terms and a loan application.

Home Equity Line of Credit

This credit line allows you to borrow against some of the equity in your home without the cost of refinancing. A home equity line of credit can be a way of getting a new kitchen, building a home addition, or financing college. This revolving credit line can be accessed by writing a check. The funds become available again as the principal is repaid, much like a credit card. Interest paid on this loan could be tax deductible, but please consult your tax advisor to be sure. See the loan officer at your local office for rates, terms and a loan application.

Fixed Rate Home Equity Loans

Another low cost way of using the equity in your home is to get a closed-end home equity loan. It is similar to a vehicle loan, but is secured by the equity in your home, making the interest potentially tax-deductible. You get all of the loan proceeds at the start, then pay it back in monthly installments until the loan is completely paid back. The interest rate and monthly payment amount will be fixed for the term of the loan, helping to make budgeting easier. You can use the money for home improvements, a vacation, a new vehicle and for many other purposes. Consult your tax adviser to verify interest deductibility. See the loan officer at your local office for rates, terms and a loan application.

Lot Loans & Construction Loans

Deciding to buy that special lot and build your dream home can feel exciting and overwhelming. UB&T has helped many people through this challenging process. We provide flexibility in our programs for lot purchases and home construction. We make our construction loan program easy, by helping you from the planning stage through completion. As part of your construction loan approval we make sure your final loan can convert to a fixed rate product once the home is complete. Ask our mortgage lenders to help you build your dream home.

Click these links for more information:

Building Basics

Building Tips

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