Union Bank Home Mortgages

• Condominium projects with as few as 2- to 4-units are eligible
• New projects–on loans up to $2,000,000 the pre-sale requirements may be waived if certain conditions are met1
• Established projects—on loans up to $2,000,000 the owner occupancy ratio requirements may be waived if certain conditions are met2

Loans subject to credit and collateral approval. Not all loan programs are available in all states for all loan amounts. Fees and restrictions may apply. Terms and conditions subject to change. Minimum credit score and reserve requirements apply and may impact the amount that can be borrowed and the interest rate/APR for which you are eligible. A non-refundable $550 application fee is required.

1 Pre-sale requirements can be waived on purchase transactions of primary residences and second homes. The condominium project must be common and acceptable in the market area, cannot be a conversion, and must have more than 4 units. For loan amounts up to $1,100,000, a minimum 25% down payment is required (30% in areas of declining values). For loan amounts greater than $1,100,000 to $2,000,000, a minimum 35% down payment is required (40% in areas of declining values).

2 Owner-occupancy requirement can be waived on purchase transactions of primary residences and second homes. The condominium project must be common and acceptable in the market area and must have more than 4 units. For loan amounts up to $1,100,000, a minimum 25% down payment is required (30% in areas with declining values). For loan amounts greater than $1,100,000 to $2,000,000, a minimum 35% down payment is required (40% in areas of declining values).