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Mortgage Loans

Mortgages

Whether you are buying a new home or refinancing your existing one, there is a lot to think about: Interest rates, monthly payments, closing cost, etc. We will help you navigate the mortgage process and find a home loan that is right for you.

Union Bank is unique in its ability to work with each customer's individual needs to determine the best mortgage for their stage in life. Discover why customer's prefer our hometown way of banking!

If you're buying a new home or looking to refinance, a mortgage that offers flexibility along with lower initial interest rates, an Adjustable Rate Mortgage may be your best option. 

If you are not sure if this type of mortgage is best for you, just contact us online or visit one of our 10 branches in West Central Arkansas and the River Valley: Mena, Paris, Wickes, Hatfield, Clarksville, Ozark, Waldron, Booneville, and Russellville. We are here to help guide you through the process.

 

Conventional Home Loans

A conventional mortgage is simply a home loan that is not insured by a federal government agency. For example, FHA and VA loans are not conventional mortgages.

USDA Home Loan

Also known as Rural Development loans. Qualified buyers can use these to buy a home with no down payment.

FHA Home Loan

These mortgages require down payments of only 3.5% for qualified buyers.

VA Home Loan

Active service members, veterans (and some surviving family members) may borrow up to 100% of a home’s value at a fixed interest rate.

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Your equity is the difference between any current mortgage balance you have on your home and its current market value. Depending on your situation, you may be able to borrow up to 80% of your home’s current value.  
 
Discover the different equity financing options  available and determine what best suits your particular situation - OR - contact us online or visit any one of our 10 locations across West Central Arkansas or the River Valley.