February 20, 2018
New UUP benefits help members get, save on mortgages
uupdate 2-20-18

If you’re a doctor or a dentist with heavy student loan debt, UUP may be able to help you secure a mortgage or refinance your home.

A new UUP benefit—the Physician’s Mortgage Program—allows UUP members to exclude student loan debt (on a case-by-case basis) when applying for a mortgage or refinance. The program offers other benefits as well.

UUP members can benefit from the UnionDirect Mortgage Program. Both programs are administered by UUP's Member Services Trust through Mid-Island Mortgage Corp.

"UUP is delighted to bring these important, money-saving services to our members,” said UUP President Fred Kowal. “We're hopeful that our many physicians will find the Physician’s Mortgage Program useful and derive a real benefit from this service, which is tailored to meet their needs."

Members who are enrolled in the UUP-endorsed Met Law program can use this legal benefit in combination with the Physician’s Mortgage Program and the UnionDirect Mortgage Program. Click HERE to enroll in the Met Law benefit.

Not sure if you’re a UUP member? Click HERE now to sign up online!

Physician’s Mortgage Program

The Physician’s Mortgage Program offers loan amounts up to $850,000, with low down payment options and fixed and adjustable rate options.

It is open to medical residents (Educational License); doctors and surgeons of dental medicine (DMD); ophthalmologists (MD); podiatrists (DPM); medical doctors (MD); dentists (DDS); optometry doctors (OD); and doctors of osteopathy (DO).

The program offers these services:

      • As low as 3 percent down
      • 100 percent financing for veterans
      • Home renovation financing
      • Reverse mortgages
      • First-time homebuyer specialists
      • No application fees
      • No processing fees
      • No commitment fees
      • No underwriting fees
      • No broker fees
      • Reduced title fees
      • Reduced attorney fees
      • Concierge service

UnionDirect Mortgage Program

The UnionDirect Mortgage Program is for all UUP members. This program also applies to the purchase of a second home and/or investment property financing.

The program offers these services:

      • As low as 3 percent down
      • 100 percent financing for veterans
      • Home renovation financing
      • Reverse mortgages
      • First-time homebuyer specialists
      • No application fees
      • No processing fees
      • No commitment fees
      • No underwriting fees
      • No broker fees
      • Reduced title fees
      • Reduced attorney fees
      • Concierge service

For more information, contact Mid-Island Mortgage Corp. Assistant Vice President of Union Business development Shawn Dwyer at (844) 278-6466 or at sdwyer@mortgagecorp.com.

For more information about this and other UUP member benefits, contact UUP at 800-342-4206.

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