Don't have enough for a down payment? No problem! Union Bank offers many programs that address the needs of homebuyers who:

• Have strong current income but not a lot of savings.
• Prefer to keep their assets in higher-yielding investments.
• Are first-time homebuyers whose high rents left them strapped for cash.
• Have low-to-moderate incomes and few cash reserves.
• Are move-up buyers looking to buy a larger home without large cash reserves.
  
  

Benefits of a Low/No Down Payment Strategy
Even if you already have a nest egg, there are many sound reasons why choosing a low/no down payment makes sense.

• Frees up cash for other home buying expenses such as furniture, moving and closing costs.
• Keeps your assets where they are - in higher-yielding investments or current lifestyle expenses (day care, tuition payments, recreational activities).
• Potentially gives you a larger tax deduction (visit with a qualified tax preparer for verification).
• Lets you buy right away and start turning rent payments into equity.
• Increases your current cash flow.

For more information about the wide variety of low and no down payment programs we offer, contact one of our mortgage loan officers.