USB Offers $500.00 Closing Cost Credit for Homebuyers
Following the success of two previous mortgage assistance programs, Union State Bank has launched a new promotion for home loan borrowers. The limited-time promotion provides a $500.00 credit that is applied toward the loan closing costs.
“In today’s economy every dollar counts. Receiving closing cost funds can help our borrowers get into their dream home more quickly, and without quite as much strain on their wallet,” said Brittany Welch, Union State Bank’s Chief Credit Officer.
Previous mortgage programs have been more restrictive, limiting recipients based on criteria such as household income or first-time homeowner eligibility. The current promotion is designed to provide closing cost assistance to a wider range of borrowers.
“These programs give buyers a head start and can be used instead of draining their savings,” explained Marcene Carstensen, Union State Bank’s VP of Mortgage Loans.
Union State Bank’s closing cost credit promotion will be offered for a limited time only, and available to qualified buyers on a first-come, first-serve basis. Other restrictions apply to be eligible, including the loan must be for conventional financing for an owner-occupied, consumer real estate mortgage.
While a closing cost credit is beneficial, the Union State Bank mortgage lending team stressed that potential homebuyers need to take proactive steps to make the loan process run smoothly.
“Have a conversation with a qualified loan officer to discuss the programs, what the rates are and determine an amount that is affordable within your budget,” explained Kandis Gray, Union State Bank’s Director of Mortgage Processing and Servicing.
About Union State Bank: Founded in 1908, Union State Bank has banking locations serving communities of Arkansas City, Newton, Udall, Winfield, and Wichita in Kansas and in Bartlesville and Edmond, Oklahoma. Union State Bank offers a full range of electronic, deposit and cash management services, as well as business and agriculture, commercial real estate, construction, mortgage, residential and consumer loans. For more information about Union State Bank’s closing cost promotion visit www.MyUnionState.Bank Member FDIC. Equal Housing Lender, NMLS# 412388