Home Financing

We have solutions for all your home financing needs.

The UIF Advantage

We offer low monthly payments,
most closings in 20 days and
hand-holding throughout the process.
Why go anywhere else?


UIF is pleased to offer two home financing programs that can be used to purchase a new home or refinance an existing one. Both programs, Installment Sale and Lease to Own, are acceptable financing models from a Shariah perspective and are fully approved by our independent Shariah Board. Equally important, our pricing is very competitive when you compare us to conventional lenders.

We currently offer Faith Based home financing in the following states:

California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kansas, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Missouri, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, Tennessee, Texas, Virginia, Washington

Installment Sale Home Financing

Our Installment Sale program is a very simple contract. You select the property and UIF, acting as an agent for University Bank, will purchase the property on your behalf from the seller.

We then sell the property to you at an agreed upon marked-up price. At the closing, you acquire full title to the property and make your initial down payment, which may be as low as 5%. Your down payment toward the purchase price represents your initial investment in the property. Your monthly payment is divided into two portions — acquisition and profit. As you make your monthly payments, the acquisition balance is reduced, thereby increasing your investment in the home.

Lease to Own Home Financing

Our lease to own home financing is a straightforward process that begins when you select the property and an independent Trust or LLC acquires it and rents it to you. At closing, you make your down payment toward the acquisition cost. This is your initial payment on-account, which may be as low as 30% or as high as suits your circumstances.

Your payment on-account represents your beneficial rights in the property. Your monthly payments include rent and further payments on-account. You can acquire full title to the property when the sum of your payments on-account equals the original acquisition cost. The original acquisition cost is the goal toward which you are always working; we do not adjust it over the life of the lease. This eliminates any uncertainty when it comes to your financial arrangement.

UIF accepts applications up to $1,300,000 with a minimum initial payment on account of 30%. Final approval will take place once UIF receives your completed application package and supporting documentation.

Home Renovation Financing

Under this program you can purchase and renovate a property that is currently uninhabitable. Not only will we finance the purchase but help you with funds to renovate and fix the property. You can now make improvements to kitchens, bathrooms, flooring, plumbing, heating and air conditioning systems.

Key Facts:

  • Applies to new home purchases and existing homes that require renovation
  • Primary homes only (no investment properties)
  • No restrictions on the types of repairs allowed or improvements needed (As long as repairs enhance property value. No teardowns allowed
  • Maximum financing amount $424,100 (higher in certain counties)