At UAMC, we offer a wide variety of home loan programs to fit virtually any borrower need. Our knowledgeable home loan professionals take the time to understand your financial situation and goals and help you select the best solution for you, now and into the future.


Loan Options

     Find the Right Loan for You


Fixed: I want to make sure my rate remains constant ARMs: I want the lowest interest rate available Jumbo: I need a loan amount above $424,100
FHA: I don't have a lot of money for a down payment VA: I am a military veteran or am actively serving USDA: I want to live in a rural area
  Fixed Rate

Your interest rate remains the same over the term of the loan – a good option if you would like your monthly principal and interest payment to remain unchanged. The most popular term is 30 years, but shorter terms are available.


Adjustable-rate mortgages feature lower rates and payments early on in the loan term. The interest rate is lower than a fixed-rate, however the rate fluctuates based on a set index. The lower initial payments may allow you to qualify for a larger loan than if you chose a fixed-rate type.

How it works:
The initial rate and payment amount on an ARM will remain in effect for a limited period. The interest rate changes periodically, usually in relation to an index, and payments may go up or down accordingly. An interest-rate cap places a limit on the amount your interest rate can increase.

You might choose this type of loan if:
- You plan to own the property only for a short time
- You expect your income will increase to cover any potential rise in the interest rate
- Interest rates are high at the time of purchase


A jumbo loan is a mortgage with a single loan amount over the conforming loan limit set by the Federal Housing Finance Agency. The current limit is set at $424,100 in most areas of the country. The limit is $625,500 in high-cost areas.

Jumbo Mortgages are primarily designed for buyers who are able to afford a luxury home and higher monthly payments.

Jumbo loans are:
- Available as fixed-rate or adjustable-rate loans
- For those qualified buyers that need a mortgage loan over the conforming limits
- For those looking for a luxury vacation home or investment home


FHA offers a low minimum down of 3.5%, low minimum credit score requirement and relaxed qualifications. Programs are available with down payment allowable in the form of gift funds. Mortgage insurance is required.

These programs are provided at higher loan-to-value ratios than the standard conforming guidelines and have the ability to review compensating factors that allow for more flexible underwriting standards.

A loan insured by FHA is usually available at an attractive rate and is available to all qualified borrowers. The main advantage is that FHA home loans are a great option for those that may have a few credit blemishes or no traditional credit. The credit standards are usually not as strict as conventional loans.

Who it's for:
- Borrowers who don't have a significant down payment
- Borrowers who need low minimum credit score requirements or flexible underwriting standards
- First time home buyers
- Those who have a few bumps and bruises on their credit.


For qualified veterans and military personnel, VA offers options for little to no down payment and relaxed credit and employment criteria. Jumbo loans may be available.

One major benefit of VA loans is that 100% financing is available for purchases and refinances with no mortgage insurance required. Gift funds are allowed.


Helping to extend homeownership by offering 100% financing opportunities to individual and families who buy a home in designated rural areas.

This program assists in providing low to moderate income households the opportunity to own their own home in an eligible rural area.

USDA guaranteed loans are for those qualified individuals who meet the income and other eligibility requirements within the eligible rural areas.