What types of home improvements qualify for a Smart E loan?
o 80% of the total cost of the improvement must be directly related to energy savings such as:
o Weatherization
o Equipment replacement energy efficient furnace, hot water heater
o Natural gas conversion
o Solar PV and hot water systems and...
Approximately 48 hours for Union Savings Bank to underwrite the borrower. The borrower then has to get approval of the contractor and the work to be performed from State of CT- CT Greenbank.
What is the difference between a fixed rate and an adjustable rate mortgage?
A fixed-rate mortgage features the same interest rate for the life of the loan. Adjustable-rate mortgages feature variable interest rates that may change over the life of the loan. Contact us today to help you determine which product is the...
Generally, a minimum down payment of 5% is required for most transactions although there are many different products and programs available. When putting down less than 20%, private mortgage insurance will apply. One exception is our First ...
What documents do I need to apply for a USB mortgage?
Prior to applying for a mortgage, you will need the following items:
• 2 Recent paystubs for each borrower
• 2 years W-2s and tax returns
• Recent Bank statements, 401K statements, all assets for at least the last 60 days
• A contract of sa...
Refinancing is a useful tool for those looking to reduce their interest rate, shorten the term of their current loan, get funds for college or other life expenses, and plenty of other personal reasons.
A home equity line of credit (HELOC) allows you to borrow at low interest rates using the equity in your home as collateral. Home equity lines of credit are an attractive option because the funds can be used for anything – home improvement,...
What are the advantages of a Home Equity Line of Credit?
Because home equity lines of credit are secured by the equity in your home, they often have an attractive low rate. HELOC interest payments may also be tax deductible. Consult your tax advisor.
HELOC Application Requirements:
o Fully completed application
o Copy of Mortgage Note if USB does not hold 1st mortgage
o Copy of 1st mortgage monthly statement (recent) if not USB to verify taxes and insurance
Income documentation Requirem...
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By clicking continue you will be leaving our website and entering one that's hosted by another party that may offer a different privacy policy or level of security. The Bank provides access to this website in order to offer you additional information and/or functionality. Once you leave our website, you will no longer be subject to, or under the protection of, the privacy and security policies of Union Savings Bank. We encourage you view the UltiPro Privacy Policy to review the privacy and security policies of our partner. If you click cancel you will return to the Union Savings Bank website.