Whether it’s your first home or your forever home, UMH Mortgage makes financing simple, fast, and built for new homebuyers like you.
Buying a new home is a BIG deal. We make it easy.
At UMH Mortgage, we cut through the confusion so you can focus on what matters—moving into your new home. Buying a home should feel exciting, not overwhelming. That’s why our team combines personal guidance, local expertise, and smart technology to make sure every step is simple and straightforward. From getting pre-qualified to choosing the right loan program, we’re here to give you clarity and confidence. With us, you’ll know exactly where you stand and what comes next—so the journey to your new home is clear, fast, and stress-free.
Which loan is best for you?
Here is a simple guide to help you understand the general types of mortgage loans available.
Conventional Mortgage
This is your standard bread-and-butter mortgage. It’s the most popular type of mortgage out there, and for good reason. It’s simpler than many other loans, your interest rate stays the same, and you have an option between 30-year and 15-year terms.
FHA Mortgage*
If your credit score is lower, an FHA mortgage might just be the answer. Insured by the Federal Housing Administration, these loans are available to people with lower FICO scores and down payments as low as 3.5 percent. FHA loans are especially popular among first-time buyers. In recent years, nearly half of first-time home buyers used an FHA loan.
USDA Mortgage
The USDA’s Rural Development program helps low-to-moderate income home buyers in certain areas secure an affordable mortgage. Eligible home buyers can secure a mortgage with as little as $0 down.
While borrowers must have mortgage insurance, USDA loans feature relatively low interest rates, and the program is popular among first-time home buyers.
VA Mortgage*
Backed by the Department of Veterans Affairs, these mortgages relax the restrictions of conventional mortgages for members of the armed forces, both current and former.
Eligible applicants can secure low-interest loans, often without a down payment, and closing costs are generally lower for VA loans.
First-Time Home Buyer Programs
Buying your first home is exciting—but it can also feel overwhelming. At UMH Mortgage, our first-time home buyer programs are designed to make the process simple, clear, and affordable. From low down payment options to personalized guidance from local loan experts, we’ll help you understand your choices and move forward with confidence.
Other
Fixed-Rate Mortgage
Adjustable-Rate Mortgage (ARM)
Jumbo Mortgage Loans
GNMA (Ginnie Mae)
FNMA (Fannie Mae)
USDA (United States Department of Agriculture) Rural Housing
Community Home Buyer Programs
Extended Lock Options
Buy-down Options Available
Primary Residency, Second Home, and Investment Property
More than a lender
At UMH Mortgage, we’re more than a lender—we’re a partner in every step of the homebuying journey. We’re a customer-centric organization, committed to being sensitive and responsive to the needs of our homebuyers, builders, Realtors®, and team members. Every relationship we build is rooted in trust, respect, and a shared commitment to excellence.
We hold ourselves accountable for delivering the best possible experience and positive outcomes. Every action we take reflects our passion for excellence and our dedication to helping families achieve their dream of homeownership.
