Union Home Mortgage
8241 Dow Circle, Strongsville, OH 44136
https://www.uhm.com/
Internal Reviews
(2 reviews)
Total loans closed with Loan Factory
28
Total loans closed with Loan Factory (past 12 months)
4
Lender overview
Basic information
Union Home Mortgage Corp. ISAOA/ATIMA, PO Box 7115,Troy, MI 48007
Mortgagee Clause for Hazard and Flood Insurance Policies Union Home Mortgage Corp ISAOA/ATIMA C/O CENLAR P.O. Box 202028 Florence, SC 29502-2028 Closing Protection Letter Address: 8241 Dow Circle W., Strongsville, OH 44136
Lock policies & Fees
Lock Policies
3 days: 0.125
7 days: 0.21
10 days: 0.25
15 days: 0.375
20 days: 0.5
30 days: 0.625
N/A
Lender's niche & Overlays
We are very strong at tougher Government Loans (FHA /US & USDA), scores down to 600 with no hit for manual underwrites.
Very good at manufactured homes (double /singlewides) and Condo’s.
Pricing on 95 & 97% conventional but no escrow waivers
Conventional Escrow Waiver Policy – Over 80.0% LTV
- Maximum LTV of 90%.
- Minimum 720 credit score.
- No reserve requirement outside of AUS findings.
- DTI must be equal to or less than 43.0%.
- Current taxes and insurance may not be delinquent at time of application.
- The borrower pays a fee of bp 50 (.50%/.005), or this fee is covered in loan pricing.
- Senior Management review is required for approval of the escrow waiver, prior to application. Approval is specific to a review of credit and additional assets.
- All general requirements noted in this section are met.
- Secondary must report all closings above 80% LTV with an escrow waiver to GAP monthly.
No-Score IRRRL
Lender turn time
1
1
1
Review - Union Home Mortgage
3.0
2 Google Reviews
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