Universal Lending Corporation

NMLS#

2996

About

Universal Lending Corporation

Universal Lending Corporation (ULC) is a real estate lending company established nearly 40 years ago. The company believes in providing personalized attention to every customer throughout the mortgage process. Their dedicated mortgage professionals are committed to exceptional customer care and empowering homebuyers to make informed decisions within their budget and long-term financial goals. ULC is now part of the New Home Co. family, which enhances their ability to serve customers with greater resources and expertise. As the affiliated lender of New Home Co., ULC offers seamless and integrated mortgage services to homebuyers across their communities. With nearly four decades of experience, ULC has helped individuals and families achieve responsible home ownership. They can be contacted for further information or to find a loan officer.

Loan programs at

Universal Lending Corporation

Universal Lending Corporation offers a range of loan programs to meet the diverse needs of homebuyers. Our loan programs include:

1. Conventional Loans: These are traditional mortgages that are not insured or guaranteed by the government. They typically require a down payment of at least 3% and have flexible terms.

2. FHA Loans: Backed by the Federal Housing Administration, FHA loans are designed to make homeownership more accessible to buyers with lower credit scores or limited savings for a down payment. These loans require a minimum down payment of 3.5%.

3. VA Loans: Exclusive to eligible veterans, active-duty service members, and their spouses, VA loans provide financing with favorable terms and require no down payment. They are guaranteed by the Department of Veterans Affairs.

4. USDA Loans: Aimed at rural and suburban homebuyers, USDA loans offer 100% financing and low-interest rates. These loans are backed by the United States Department of Agriculture.

5. Jumbo Loans: For borrowers seeking higher loan amounts that exceed conventional loan limits, jumbo loans provide the necessary financing. They typically have stricter requirements and may require a larger down payment.

6. Adjustable-Rate Mortgages (ARM): ARM loans offer an initial fixed interest rate for a specific period, after which the rate adjusts periodically based on market conditions. These loans are suitable for buyers who plan to sell or refinance before the rate adjusts.

7. Fixed-Rate Mortgages: With fixed-rate mortgages, the interest rate remains the same throughout the loan term, providing predictable monthly payments. This option is popular among buyers who prefer long-term stability.

8. Reverse Mortgages: Designed for homeowners aged 62 or older, reverse mortgages allow seniors to convert a portion of their home equity into loan proceeds. Repayment is typically deferred until the borrower sells the home or passes away.

Please note that specific eligibility requirements and terms may vary for each loan program. It is advisable to consult with our loan officers to determine the most suitable loan program for your individual circumstances.