UMB offers a first time homebuyer program

UMB is committed to helping build and better the communities we serve. We are always looking for new ways to meet the needs of our customers, which is why we offer a first-time homebuyer program in five states.

What is the first-time homebuyer program?

UMB's first-time homebuyer program helps qualifying, first-time homebuyers achieve their dreams of homeownership by providing the key benefits of:

• No application or origination fee.
• No private mortgage insurance (PMI) to pay.
• Only fixed rate.

In state where the program is offered is slightly different and includes:

Denver¹

In low-to-moderate income areas in Denver:

• Qualifying borrowers can receive a one-time grant of 5% of the purchase price of their new home, and up to 2% closing costs credit or,
• Qualifying borrowers can receive a one-time grant of a 3% grant of the purchase price of their new home.

Phoenix ^2,3

In low-to-moderate income areas in Phoenix, UMB has two approaches to help customers reach their goal of homeownership:

• A Grant: Qualifying borrowers can receive a one-time grant of 3% of the purchase price of their new home and up to 2% closing cost credit, or
• Down Payment Assistance: Qualifying borrowers can finance up to 100% of the purchase price of their new home.

Missouri, Kansas and Texas ⁴

In limited areas in Missouri, Kansas and Texas:

• Qualifying borrowers can borrow up to 100% of the purchase price of their new home.
• Qualifying borrowers may receive up to 2% closing costs credit.

Real life success

Rigo Jurado, Community Mortgage Banker, recently worked with a family who was moving from one state to another. The family's realtor referred them to UMB after working on previous loans with the bank. Like most mortgage applications, a few roadblocks came up during the underwriting process. Rigo was able to work with the family and create a strategy for them to overcome the hurdles and the family was preapproved for their mortgage.

After working through the process, the family was able to get approved for a mortgage as well as receive a 3% grant from the down payment assistance program for the sales price of their home, which covered their down payment for the new house. The family also received an additional 2% grant to cover their closing costs. As part of the program, the family didn't have to pay an origination fee or PMI, which let their funds go even further. The family is now settling in to their first home in their new city!

UMB is honored to support families on their journey to homeownership. The first time home buyer program is open to any qualifying buyer within UMB's assessment areas.

Learn more about the UMB First Time Homebuyer Program.

UMB personal banking solutions offer convenience and simplicity to meet all of your past, present and future financial needs. From home loans to auto financing and everything in between, see how UMB personal banking can work with you to find the right products for your life and lifestyle.

Other Program Terms and Conditions:

Other restrictions may apply. Terms and conditions also apply and are subject to change without notice.

Loans are subject to credit and collateral approval. Not all loan programs are available in all states for all loan amounts. Escrow for taxes and property insurance are required. Minimum credit scores and maximum loan amounts may apply. This marketing flyer and disclosure are not a commitment to lend.

UMB may discontinue this program or any portion of it without notice.

¹IMPORTANT INFORMATION ABOUT UMB'S FIRST-TIME HOMEBUYER GRANT - DENVER

You may be eligible for UMB's First-Time Homebuyer Program if your annual household income meets certain income limits for the county where your property is located. All financed properties must be located where UMB operates in Colorado and is limited to the following counties (the 'program service areas'): Adams, Arapahoe, Denver, Douglas, & Jefferson and is limited to designated census tracts within those counties. For qualifying borrowers, UMB will provide a grant of up to 3% or 5% of the purchase price as a down payment and up to 2% lender credit applied towards closing costs and prepaid items for a maximum 7% lender grant. See your Mortgage Loan Originator for more information on allowable closing costs and prepaid items. All grant funds are one-time grants applied to an eligible purchase transaction regardless of the number of applicants. Grant funds will be applied towards the purchase price, closing costs, and prepaid items only. The 2% lender credit provided for closing costs may not pay all such costs in full. Any closing costs above the 2% lender credit are borrower's responsibility. Grants will appear as lender credit on the closing statement. Borrowers are not required to repay grant funds to UMB Bank.

Grants are subject to issuance of a Form 1099 and may be considered taxable income to the borrower. Applicants should consult their tax advisor for any tax implications.

²IMPORTANT INFORMATION ABOUT UMB'S FIRST-TIME HOMEBUYER GRANT -PHOENIX

You may be eligible for UMB's First-Time Homebuyer Program if your annual household income meets certain income limits for the county where your property is located. All financed properties must be located in Maricopa County, AZ (the 'program service area') and is limited to designated census tracts within that county. For qualifying borrowers, UMB will provide a grant of up to 3% of the purchase price as a down payment and up to 2% lender credit applied towards closing costs and prepaid items for a maximum 5% lender grant. See your Mortgage Loan Originator for more information on allowable closing costs and prepaid items. All grant funds are one-time grants applied to an eligible purchase transaction regardless of the number of applicants. Grant funds will be applied towards the purchase price, closing costs, and prepaid items only. The 2% lender credit provided for closing costs may not pay all such costs in full. Any closing costs above the 2% lender credit are borrower's responsibility. Grants will appear as lender credit on the closing statement. Borrowers are not required to repay grant funds to UMB Bank.

Grants are subject to issuance of a Form 1099 and may be considered taxable income to the borrower. Applicants should consult their tax advisor for any tax implications.

³IMPORTANT INFORMATION ABOUT UMB'S FIRST-TIME HOMEBUYER DOWN PAYMENT ASSISTANCE - PHOENIX

You may be eligible for UMB's First-Time Homebuyer Program if your annual household income meets certain income limits for the county where your property is located. All financed properties must be located in Maricopa County, AZ and is limited to designated census tracts within that county. For qualifying borrowers, UMB will lend up to 100% of the purchase price of the financed property. No lender grants or credits are provided towards closing costs or prepaid items. Borrower is responsible for all closing costs and prepaid items.

⁴IMPORTANT INFORMATION ABOUT UMB'S FIRST-TIME HOMEBUYER DOWN PAYMENT ASSISTANCE - MISSOURI, KANSAS, AND TEXAS

You may be eligible for UMB's First-Time Homebuyer Program if your annual household income meets certain income limits for the county where your property is located. All financed properties must be located where UMB operates, is limited to the specific states and counties in the 'program service area' (listed below) and is limited to designated census tracts within the program service area. For qualifying borrowers, UMB will lend up to 100% of the purchase price of the financed property and may provide up to a 2% lender credit towards closing costs and prepaid items for a maximum 2% lender credit. See your Mortgage Loan Originator for more information on allowable closing costs and prepaid items. The 2% lender credit provided for closing costs may not pay all such costs in full. Any closing costs above the 2% lender credit are borrower's responsibility.

Program Service Area: Property must be located where UMB operates and is limited to the following designated counties:

• Missouri: Cass, Clay, Jackson, Platte, St. Louis City, St. Louis County, Jefferson, St. Charles
• Kansas: Johnson, Wyandotte
• Texas: Collin, Denton, Dallas, Tarrant

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