Find the perfect loan for your lifestyle.

We offer a number of different loan options for you because we know mortgages are not one-size-fits-all. Whether for a first-time home buyer, a growing family or an established homeowner looking for an investment or vacation property,  Universal Mortgage & Finance, Inc.  offers a wide range of financing options to meet home buyer needs. Our experienced and knowledgeable loan officers will review each home buyer’s personal financial position and help them decide the best solutions.

FHA Loan

The most popular loan option for first time homebuyers. Purchase your home with as little as 3.5% down with a Federal Housing Administration loan.

  • Only 3.5% down payment required
  • Qualify with a credit score as low as 580
  • Fewer restrictions make it easier to qualify
  • Insured by the Federal Housing Administration

VA Loan

A mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders (like us). It’s designed specifically to help you purchase a home with fewer restrictions and with little to no down payment. The Veterans Affairs (or VA) loan is governed by the United States Department of Veterans’ Affairs and offers lower rates and lower payments.

  • 100% financing available
  • No monthly mortgage insurance
  • Lower interest rates and fees
  • Fewer credit restrictions

Conventional Loan

Stick to your budget with a loan that’s simple and straightforward. A 30-year fixed rate mortgage is the most popular home loan option available. It is ideal for home buyers because of its straightforward structure and its predictable and steady monthly payment. With a 30 year fixed-rate mortgage, it is easy to set your budget because your total payment of principle and interest remain unchanged for the entire term of the loan.

  • Fixed monthly payment offering security and peace of mind
  • Purchase your home with a down payment as low as 3%
  • Interest remains unchanged for entire term of the loan
  • Ideal if you plan to stay in your home for years to come


The U.S. Department of Agriculture (USDA) insures loans to home buyers with low to moderate income moving to designated rural areas.

  • 100% financing available
  • Down payment not required
  • Take advantage of a lower interest rate
  • Seller paid closing costs up to 6%

Jumbo Loan

Are you purchasing a high-value property? Consider a jumbo loan! A jumbo loan is used to finance a property that’s too costly for a Conventional conforming loan.

  • Loan amount up to $5 million
  • Purchase your dream home – with all the bells and whistles!

15 Year Mortgages

This loan is fully amortized over a 15-year period and features constant monthly payments. It offers all the advantages of the 30-year loan, plus a lower interest rate—and you’ll own your home twice as fast. 

  • Save thousands in interest over the life of your loan
  • Take advantage of lower interest rate
  • Pay off your mortgage faster

Refinance Loans

May refer to the replacement of an existing debt obligation with a debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as, inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower’s credit worthiness, and credit rating of a nation.

  • Take advantage of a better interest rate
  • Consolidate debt into one loan
  • Switch from a variable-rate to a fixed-rate loan

Cash Out Refinance 

Take advantage of your home’s equity and get cash at closing to use where you need it most with a cash-out refinance. This is money that’s sitting in your home! This may be the perfect opportunity to knock out some home improvements, pay college tuition, or pay off high interest credit card debt.

  • Mortgage debt can be repaid over a longer period of time (up to 30 years) compared to other debts like medical expenses, credit cards, and student loans.
  • With home values on the rise, tapping into your existing equity could mean more cash in hand than you expected when you first bought your home.
  • Mortgage interest is tax-deductible, by consolidating other debts into your mortgage you may be able to deduct the interest paid on it.

Renovation Loan

FHA 203(K)

  • Low down payment
  • Finance the cost of renovation with the purchase or refinance price in a single mortgage
  • Loan is calculated on the after completed value
“Full” 203k Program
  • No limit on repairs
  • Allows for mortgage payments to be financed (up to 6 months)
“Streamline” 203k Program
  • Limit of up to $32,300 in base repairs
  • 1/2 of repair funds can be released at closing

Fannie Mae Homestyle

  • Low down payment
  • Fixed rate
  • Flexible funding

VA Rehabilitation 

  • Great for fixer-uppers
  • Increase the value in your home
  • No mortgage insurance

Fix & Flip Home Financing Program

Our new Fix & Flip program is designed for investors who are in the business of buying distressed homes, repairing them and then either selling them or holding them for rental income.

  • Decisions and term sheets issued in hours, not days
  • Any level of investor experience
  • Credit scores as low as 660
  • Interest rate(s) starting at 6. 99%
  • Non-owner occupied Single Family, Multi Family up to 4 units
  • Purchase loan amount- up to 85% of purchase price
  • Construction loan amount- up to 100% of construction cost
  • Total loan amount is up to 85% of total cost
  • 12-month loan term with interest only payments

Investment Property Financing Up To 80%

Simplified financing helps investors grow their portfolio.

  • Min DSCR Ratio: 75% of PITIA
  • Qualify off market rent
  • Up to 85% LTV
  • Max loan amount $3M
  • Minimum credit score 640
  • Interest-only options*
  • 1-4 units, warrantable and non warrantable condos
  • Purchase, rate & term, cash-out refi
  • Foreign Borrowers permitted
  • No tax returns, no income required

Adjustable Rate Mortgage (ARM)

A loan option with a low introductory rate and an interest rate that adjusts over time. Hybrid ARMs —also called 3/1, 5/1, 7/1 or 10/1 are available. For example, a “5/1 loan” has a fixed monthly payment and interest for the first five years and then turns into a traditional adjustable-rate loan, based on then-current rates for the remaining 25 years.

  • Lower interest rates
  • Fixed payment for a longer period of time
  • Pay off your mortgage with no penalties
  • Beneficial for those who expect to move (or refinance) before or shortly after the adjustment occurs.

Reverse Mortgage (HECM)

The Home Equity Conversion Mortgage (HECM) is FHA’s reverse mortgage program, which enables senior home owners, age 62+, to access a portion of the equity in their home. This program was also designed to allow seniors to purchase a new principal residence and obtain a reverse for purchase mortgage within a single transaction. The HECM program enables senior home buyers to relocate to other areas to be closer to family, or to “right-size” their new homes to better accommodate their individual needs.

  • Retain the title to your home
  • Available line of credit – that grows!
  • Pay off existing mortgage
  • No monthly mortgage (P & I) payments

Home Equity Line of Credit

Instead of paying for mortgage insurance when your “Loan-to-Value” (LTV) is greater than 80%, we can offer either:

  • A fixed rate, fixed term concurrent 2nd mortgage

Both can be done up to 95% LTV – meaning still only putting a 5% Down payment without mortgage insurance! Both loan programs – the interest you pay on these loans is tax deductible when used in buying a home!

  • Interest only payments required for the 1st 10 years (then amortized payments for the rest of the 20 years of the term)
  • You are able to draw down the balance and then charge it back up to the limit during the 1st 10 years.

*Note that per the IRS: You can’t deduct your mortgage insurance premiums if your adjusted gross income (line 11 on IRS Form 1040), is more than $109,000 ($54,500 if married filing separately).

Asset Qualifier Loan Program

No income? Use assets to qualify for a mortgage!

Borrowers with great credit, but no steady monthly income, may be able to use their assets to qualify for a mortgage. Compared to other asset depletion programs, our Asset Qualifier program essentially doubles the qualifying monthly income, since the draw period is only 5 years (qualifying assets / 60 months).

  • Loan amount is up to 75% of qualifying assets
  • Borrower must have no mortgage delinquency in the last 3 years
Primary Residence:
  • Up to 80% LTV for Purchase and R/T Refinances
  • Up to 70% LTV for Cash-Out Refinances
Investment Properties and Second Homes:
  • Up to 70% LTV for Purchase and R/T Refinances
  • Up to 65% LTV for Cash-Out Refinances

Asset Qualifier Loan Program

Buy a new home without having sold your old home.

Our new Bridge Financing program empowers you to access equity from your current home to purchase a new home, with no monthly payments on the bridge financing. You can gain a competitive advantage in a hot housing market by making a non-contingent offer on the new property.

  • Bridge Financing Program pays off the existing lien while providing the cash out needed for downpayment on the new home.
  • Equity used for down payment for the new home
  • No monthly payments on the bridge financing
  • Up to 75% LTV on bridge loan, depending on occupancy and loan amount
  • Balloon payment due in 12 months with NO MONTHLY PAYMENTS REQUIRED
  • Loan amounts as high as $1,500,000
  • Bridge financing only available in conjunction with financing on the new purchase home

Condotel Financing

We offer condotel financing with loan options designed to meet your unique needs. We’ll review your loan options and provide a common-sense prequalification from an underwriter, usually within 24-hours.

  • Credit scores as low as 680
  • Industry-leading Bank Statement Program designed for business owners, self-employed borrowers, and high-commissioned sales professionals
  • As little as 25% down payment for purchase loans
  • Rate & Term and Cash-Out Refinances available
  • Loans available for investment properties and second homes only

Debt Service Coverage Ratio

Investment property financing up to 80%

Simplified financing helps investors grow their profile. 

  • Min DCSR Ratio: 75% of PITIA
  • Quality off market rent
  • Up to 85% LTV
  • Max amount $3M
  • Min credit score 640
  • Interest-only options *
  • 1-4 units, warrantable and non-warrantable condos
  • Purchase, rate & term, cash-out refi
  • Foreign borrowers permitted
  • No tax returns, no income required

Innovative Financing Solutions for Property Investors

We understand the unique needs and challenges of property investors – that’s why we offer innovative solutions and common-sense underwriting designed to provide more options, great rates, and a smooth funding experiences.

  • Unique rental income calculation resulting in lower DTIs and better rates
  • Loan amounts up to $1,000,000
  • Full Doc, Bank Statement, DSCR (Investor Cash Flow) Loan options
  • Industry-leading funding times
  • Up to 10 loans for any one investor
  • DTIs up to 50%
  • Non-owner, non-warrantable condos permitted
  • Rate buy-down feature available

Non-Warrantable Condo Loans

Comprehensive financing options for Non-Warrantable Codnos:

  • Primary residence, vacation home or investment property occupancies
  • Loan amounts as high as $2,000,000
  • LTV as high as 80%
  • Purchase, Rate & Term Refi and Cash-Out Refinance available
  • Up to 50% commercial space permitted
  • New construction buildings permitted
  • Industry-leading Bank Statement Program

Down Payment Assistance 

There are a variety of down payment assistance programs nationwide that give you free money for a down payment on your home. Connect with one of our Loan Officers to find out your eligibility!

Foreign National Loans

Foreign National Loans are mortgages offered to a non-resident of the United States. Financing real estate is generally done by US mortgage companies and banks to United States citizens. Lenders also offer loans to non citizens. They may be resident aliens, temporary residents or other classifications of either temporary or permanent status.

Construction Loan

Construction only loans strictly finance the building of a house. Once the home is complete, borrowers must refinance into a permanent loan.

  • One time closing
  • Locked rate until the home is built

Apply Online. Get Pre-Approved Today.