Union Home Mortgage Joins USDA's Pilot Program to Enhance Rural Lending Experience

Union Home Mortgage's Selection for USDA Pilot Program

Union Home Mortgage (UHM), a rapidly expanding independent mortgage banking firm, has announced its inclusion in the U.S. Department of Agriculture's (USDA) Rural Development Delegated Authority Pilot Program. This notable selection positions UHM as one of only six lenders across the nation tasked with streamlining the loan approval and closing processes for the USDA Single Family Housing Guaranteed Loan Program, set to commence on December 1, 2026.

This pilot program grants UHM enhanced authority in managing the approval and closing of loans. By doing this, the initiative aims to accelerate processing times, providing eligible rural borrowers with a quicker and more efficient path to homeownership. The program intends to reduce the pre-closing approval requirements previously imposed by the USDA, further expediting the loan process while adhering to strict underwriting and compliance protocols.

Bill Cosgrove, CEO of Union Home Mortgage, expressed pride in partnering with USDA Rural Development to broaden homeownership access for rural communities. He stated, “We're honored to partner with USDA Rural Development to help rural borrowers access more opportunities to achieve the dream of homeownership, which is one of the most powerful ways to build financial stability and strengthen communities.” Cosgrove emphasized that this pilot program reflects UHM's commitment to providing innovative solutions and world-class service to borrowers.

The USDA Single Family Housing Guaranteed Loan Program serves low- to moderate-income borrowers by providing affordable financing options, including the possibility of 100% financing for homes located in qualifying rural areas. Homebuyers can utilize this program not only to purchase existing homes but also to build new homes or cover rehabilitation costs. The integration of UHM into the Delegated Authority Pilot Program means that these benefits will be streamlined for applicants, offering rapid yet personalized assistance through the mortgage journey.

UHM’s selection for this pilot further solidifies its reputation as a trusted partner in lending. The company has consistently focused on responsible growth and operational excellence, aligning closely with the goals of the USDA Rural Development initiative.

In addition to its commitment to serving borrowers, UHM is known for its strong workplace culture, featuring a Code of Conduct that emphasizes respect, open communication, and accountability among its staff members. This approach has led to remarkable customer retention rates and high levels of satisfaction, evidenced by numerous accolades, including recognition as a Top Workplace by USA TODAY and in Northeast Ohio.

Looking forward, Union Home Mortgage is poised to make a significant impact in the rural mortgage landscape, providing essential services that can help families achieve the dream of homeownership in underserved areas. The company invites interested borrowers to explore its offerings and learn more about the USDA programs available through UHM.

For further details, interested parties can visit Union Home Mortgage's official website as well as the USDA Rural Development site for information about available housing programs.