JUST UPDATED!

First United FHA REMA (1) Loan Program: 

- Available to borrowers with credit scores of 500 and above (1,2,5)

- Maximum Loan-To-Value 90% (6,7)

- Up to $2,000 lender credit available to be applied towards closing costs (3,4)

- In addition, up to $500 available to be applied towards appraisal fee

- Property required to be designated within a Majority-Minority Census Tract of 50% or greater (1,2,5)

Contact our team today to see if you qualify.

Call: 1-833-213-4778

Email: HomeLoanOutreach@firstunitedbank.com 

1. Program availability is for properties designated as Majority Minority Census Tracts in areas served by the bank's Reasonable Expected Market Area (REMA). Properties must be within 90 miles of a First United Bank location. This product is available only for Federal Housing Administration (FHA) loans for a property located in a Majority Minority Census Tract of 50% or greater. This product is not applicable for all FHA borrowers. 2. Minimum 500 credit score allows for an LTV up to 90.0%. 3. Only primary residences are eligible for the credit & fee waivers. 4. The lender credit is only eligible for closed mortgage loans. 5. Additional product restrictions apply. 6. 10% down payment example is based on a 30-year fixed interest rate of 8.125%, discount points 2.125%, APR 9.221% with a purchase price of $300,000, down payment amount of $30,000, a loan amount of $270,000 with monthly principal and interest payment of $2,004.74 for 360 months. The monthly payment amount does not include mortgage insurance. Actual monthly payments will be greater. 7. The maximum FHA loan a borrower can obtain for a 1-unit property in TX or OK is $472,030.

This is not an offer for extension of credit or commitment to lend. All loans subject to program guidelines and final underwriting approval. Not all applicants qualify. Information and pricing are subject to change at any time and without notice. The content in this advertisement is for informational purposes only. This offer cannot be used in conjunction with any other program. Consult your mortgage loan consultant for further information. Information and pricing are subject to change at any time and without notice. If any other entities are mentioned in this advertisement, they are not an affiliate of First United Bank or First United Mortgage Group. Revised 11/23.