United Mortgage Trust (UDMG) 10-K 31 Mar 14 2013 FY Annual report Financial data

Document_And_Entity_Informatio

Document And Entity Information (USD $)	12 Months Ended
	Dec. 31, 2013	Mar. 31, 2014	Jun. 30, 2013
Document Information [Line Items]	'	'	'
Entity Registrant Name	'UNITED MORTGAGE TRUST	'	'
Entity Central Index Key	'0000101390	'	'
Current Fiscal Year End Date	'--12-31	'	'
Entity Filer Category	'Smaller Reporting Company	'	'
Trading Symbol	'UDMG	'	'
Entity Common Stock, Shares Outstanding	'	6,434,044	'
Document Type	'10-K	'	'
Amendment Flag	'false	'	'
Document Period End Date	31-Dec-13	'	'
Document Fiscal Period Focus	'FY	'	'
Document Fiscal Year Focus	'2013	'	'
Entity Voluntary Filers	'No	'	'
Entity Well-known Seasoned Issuer	'No	'	'
Entity Current Reporting Status	'Yes	'	'
Entity Public Float	'	'	$96,111,033

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Dec. 31, 2013	Dec. 31, 2012
Assets	'	'
Cash and cash equivalents	$1,108,300	$236,213
Mortgage investments:	'	'
Investment in trust receivable	653,736	905,659
Investment in residential mortgages	65,335	4,266,646
Interim mortgages, related parties	16,282,339	16,285,448
Interim mortgages	0	35,886
Allowance for loan losses	-128,053	-314,277
Total mortgage investments	16,873,357	21,179,362
Lines of credit receivable, related parties	86,151,485	88,947,361
Lines of credit receivable	8,961,704	4,744,680
Accrued interest receivable	1,882,012	1,481,128
Accrued interest receivable, related parties	10,968,042	10,829,825
Reserves - accrued interest receivable	-3,693,244	-2,974,458
Recourse obligations, related parties	20,094,279	18,499,829
Real estate owned, net	5,287,857	8,192,368
Deficiency notes	4,976,199	6,121,525
Deficiency note, related party	29,295,567	29,958,940
Allowance for loan losses - deficiency notes	-1,736,306	-2,246,632
Other assets	1,959,363	304,426
Total assets	182,128,615	185,274,567
Liabilities and Shareholders' Equity	'	'
Dividend payable	311,000	311,000
Lines of credit payable	7,682,920	6,988,297
Accounts payable and accrued liabilities	820,321	772,944
Accounts payable and accrued liabilities, related parties	1,939,695	3,054,856
Participation payable, related parties	70,835,104	74,699,299
Notes payable	6,190,656	2,503,288
Total liabilities	87,779,696	88,329,684
Commitments and contingencies	'	'
Shareholders' equity:	'	'
Shares of beneficial interest; $0.01 par value; 100,000,000 shares authorized; 8,360,463 and 8,345,381shares issued, respectively; and 6,436,767 and 6,439,531 outstanding, respectively	83,605	83,454
Additional paid-in capital	147,748,315	147,523,983
Cumulative distributions in excess of earnings	-16,411,341	-13,867,594
Shareholders Equity Attributable To Parent Before Deducting Treasury Stock Value	131,420,579	133,739,843
Less treasury stock of 1,923,695 and 1,905,850 shares, respectively, at cost	-37,071,660	-36,794,960
Total shareholders' equity	94,348,919	96,944,883
Total liabilities and shareholders' equity	$182,128,615	$185,274,567

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Dec. 31, 2013	Dec. 31, 2012
Common stock, par value (in dollars per share)	$0.01	$0.01
Common stock, shares authorized	100,000,000	100,000,000
Common stock, shares issued	8,360,463	8,345,381
Common stock, shares outstanding	6,436,767	6,439,531
Treasury stock, shares	1,923,695	1,905,850

CONSOLIDATED_STATEMENTS_OF_INC

CONSOLIDATED STATEMENTS OF INCOME (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Interest Income	'	'	'
Interest on loans - related parties	$4,359,866	$4,479,806	$3,850,099
Interest on loans	1,288,476	1,028,601	1,279,412
Total interest income	5,648,342	5,508,407	5,129,511
Interest Expense:	'	'	'
Long term debt - related parties	129,232	150,952	104,757
Long term debt	859,188	623,732	484,027
Total interest expense	988,420	774,684	588,784
Net interest income	4,659,922	4,733,723	4,540,727
Provision for loan losses	1,356,919	957,900	720,000
Net interest income after provision for loan losses	3,303,003	3,775,823	3,820,727
Noninterest Expense:	'	'	'
Trust administration fee - related parties	1,000,000	1,000,000	1,000,000
Loan servicing fee - related parties	4,532	19,128	21,064
General and administrative - related parties	76,680	77,735	85,077
General and administrative	1,034,093	1,192,384	1,122,433
Total noninterest expense	2,115,305	2,289,247	2,228,574
Net income	$1,187,698	$1,486,576	$1,592,153
Net income per share of beneficial interest (in dollars per share)	$0.18	$0.23	$0.25
Weighted average shares outstanding (in shares)	6,437,253	6,439,528	6,435,781
Distributions per weighted share outstanding (in dollars per share)	$0.58	$0.58	$0.58

CONSOLIDATED_STATEMENTS_OF_CHA

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY (USD $)	Total	Shares Of Beneficial Interest [Member]	Additional Paid-in Capital [Member]	Cumulative Distributions in Excess of Earnings [Member]	Treasury Stock [Member]
Balance at Dec. 31, 2010	$101,123,647	$82,971	$146,817,612	($9,485,280)	($36,291,656)
Balance (in shares) at Dec. 31, 2010	'	8,299,766	'	'	1,873,203
Proceeds from shares issued	390,850	256	390,594	0	0
Proceeds from shares issued (in shares)	'	24,990	'	'	0
Purchase of treasury stock	-276,042	0	0	0	-276,042
Purchase of treasury stock (in shares)	'	0	'	'	14,133
Dividends	-3,727,621	0	0	-3,727,621	0
Net income	1,592,153	0	0	1,592,153	0
Balance at Dec. 31, 2011	99,102,987	83,227	147,208,206	-11,620,748	-36,567,698
Balance (in shares) at Dec. 31, 2011	'	8,324,756	'	'	1,887,336
Proceeds from shares issued	316,004	227	315,777	0	0
Proceeds from shares issued (in shares)	'	20,625	'	'	0
Purchase of treasury stock	-227,262	0	0	0	-227,262
Purchase of treasury stock (in shares)	'	0	'	'	18,514
Dividends	-3,733,422	0	0	-3,733,422	0
Net income	1,486,576	0	0	1,486,576	0
Balance at Dec. 31, 2012	96,944,883	83,454	147,523,983	-13,867,594	-36,794,960
Balance (in shares) at Dec. 31, 2012	'	8,345,381	'	'	1,905,850
Proceeds from shares issued	224,483	151	224,332	0	0
Proceeds from shares issued (in shares)	'	15,082	'	'	0
Purchase of treasury stock	-276,700	0	0	0	-276,700
Purchase of treasury stock (in shares)	'	0	'	'	17,845
Dividends	-3,731,445	0	0	-3,731,445	0
Net income	1,187,698	0	0	1,187,698	0
Balance at Dec. 31, 2013	$94,348,919	$83,605	$147,748,315	($16,411,341)	($37,071,660)
Balance (in shares) at Dec. 31, 2013	'	8,360,463	'	'	1,923,695

CONSOLIDATED_STATEMENTS_OF_CHA1

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY [Parenthetical] (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Distributions per weighted share outstanding (in dollars per share)	$0.58	$0.58	$0.58

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Operating Activities	'	'	'
Net income	$1,187,698	$1,486,576	$1,592,153
Adjustments to reconcile net income to net cash provided by (used in) operating activities:	'	'	'
Provision for loan losses	1,356,919	957,900	720,000
Depreciation and amortization	16,200	21,253	8,377
Changes in assets and liabilities:	'	'	'
Accrued interest receivable	-159,364	194,664	-864,450
Accrued interest receivable, related parties	-2,398,858	-2,146,213	-2,512,888
Other assets	-509,300	119,905	-113,457
Accounts payable and accrued liabilities	47,377	-162,337	129,817
Accounts payable and accrued liabilities, related parties	485,695	208,205	-734,926
Net cash provided by (used in) operating activities	26,367	679,953	-1,775,374
Investing Activities	'	'	'
Principal receipts on trust receivable	104,292	193,138	144,841
Investment in residential mortgages	0	-272,687	-124,000
Principal receipts on residential mortgages	2,394,293	585,874	776,859
Investment in interim mortgages and deficiency notes	0	0	-81,161
Principal receipts on interim mortgages and deficiency notes	0	0	324,555
Investments in interim mortgages and deficiency notes, related parties	0	0	-2,555,881
Principal receipts on interim mortgages and deficiency notes, related parties	2,135,347	1,374,165	1,558,934
Investments in recourse obligations, related parties	-269	-694	-55,989
Principal receipts from recourse obligations, related parties	308,087	50,432	15,452
Principal investments in lines of credit receivable, related parties	-15,000	-571,870	-710,908
Principal receipts from (investments in) lines of credit receivable	-4,217,025	-612,041	622,490
Investments in real estate owned	-79,649	-177,268	-594,973
Principal receipts on real estate owned	779,152	1,031,598	3,853,004
Net cash provided by investing activities	1,409,228	1,600,647	3,173,223
Financing Activities	'	'	'
Net borrowings on lines of credit payable	694,623	307,965	2,272,344
Proceeds from notes payable	4,870,164	1,727,000	395,000
Principal payments on notes payable	-2,344,632	-798,233	-96,144
Proceeds from issuance of shares of beneficial interest	224,483	316,004	390,850
Purchase of treasury stock	-276,700	-227,262	-276,042
Dividends	-3,731,445	-3,733,422	-3,727,621
Net cash used in financing activities	-563,507	-2,407,948	-1,041,613
Net increase (decrease) in cash and cash equivalents	872,087	-127,348	356,236
Cash and cash equivalents at beginning of year	236,213	363,561	7,325
Cash and cash equivalents at end of year	1,108,300	236,213	363,561
Supplemental Disclosure of Cash Flow Information	'	'	'
Cash paid for interest	699,758	540,623	421,464
Non-Cash Financing and Investing Activity	'	'	'
Transfers of loans to foreclosed properties or recourse obligations	344,587	150,926	296,100
(Increase) decrease participation receivable, related parties	-3,864,195	-9,195,637	-8,452,688
(Decrease) increase participation payable, related parties	3,864,195	9,195,637	8,452,688
(Increase) decrease participation accrued interest receivable , related parties	-1,600,856	-324,492	-298,276
Increase (decrease) participation accrued interest payable, related parties	1,600,856	324,492	298,276
(Increase) decrease in lines of credit, related parties	-1,053,319	-823,072	-720,021
(Increase) decrease in accrued interest receivable, related parties	1,137,051	986,889	7,941,905
(Increase) decrease interim mortgages and deficiency notes, related parties	-1,468,865	-978,997	-8,462,981
(Increase) decrease line of credit receivable, related parties	0	0	1,241,097
(Increase) decrease interim mortgages and deficiency notes	-1,902,268	-1,964,526	-792,778
Receipts from real estate owned	2,942,814	2,779,706	792,778
(Increase) decrease in other assets	-1,161,836	0	0
Increase (decrease)in lines of credit payable	$1,161,836	$0	$0

NATURE_OF_BUSINESS

NATURE OF BUSINESS	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Nature of Operations [Text Block]	'
	A.  NATURE OF BUSINESS
	THE COMPANY
	United Mortgage Trust (the “Company”) is a Maryland real estate investment trust that qualifies as a real estate investment trust (a “REIT”) under federal income tax laws. The Company is the sole general partner of and owns a 99.99% limited partnership interest in UMT Home Finance, L.P. (“UMT HF”) UMT Home Finance II, L.P. (“HF II”), UMT Home Finance III, L.P. (“HF III”) and UMT United Residential Home Finance L.P. (“URHF”). All four entities are Delaware limited partnerships. The Company owns 100% of UMT LT Trust, a Maryland real estate investment trust, and the Company owns a 99.99% limited partnership interest in UMT Properties, L.P. and UMT 15th Street, L.P., both of which are Delaware limited partnerships.
	In the past, the Company has  invested in first lien secured interim mortgage loans with initial terms of 12 months or less for the acquisition and renovation of single-family homes, which we refer to as “Interim Loans” and first lien secured mortgage loans with terms of 12 to 360 months for the acquisition of single-family homes, referred to as “Residential Mortgages, some of which are still outstanding. Currently, our principal investment objectives are to invest proceeds from our dividend reinvestment plan, financing proceeds, proceeds from the repayment of our loans, capital transaction proceeds and retained earnings in the following types of investments: (i) lines of credit and secured loans for the acquisition and development of single-family home lots, referred to as “Land Development Loans”; (ii) lines of credit and loans secured by developed single-family lots, referred to as “Finished Lot Loans”; (iii) lines of credit and loans secured by completed model homes, referred to as “Model Home Loans”; (iv) loans provided to entities that have recently filed for bankruptcy protection under Chapter 11 of the U.S. bankruptcy code, secured by a priority lien over pre-bankruptcy secured creditors, referred to as “Debtor in Possession Loans”, (v) lines of credit and loans, with terms of 18 months or less, secured by single family lots and homes constructed thereon, referred to as “Construction Loans”;)”; (vi) discounted cash flows secured by assessments levied on real property, and (vii) senior or subordinate securities backed by finished lot loans and / or development loans referred to as “Securitizations”. The Company collectively refers to the above listed loans as “Mortgage Investments”. The Company may also provide credit enhancements to real estate developers, homebuilders, land bankers and other real estate investors who acquire real property, subdivide real property into single-family residential lots, acquire finished lots and/or build homes on such lots, referred to as “Credit Enhancements”. Additionally, the Company’s portfolio includes obligations of related parties of our Advisor, which we refer to as “recourse obligations.”
	The Company has no direct employees. The services of our President, Mr. Ducote, are retained through a consulting agreement. The Company pays a monthly trust administration fee to UMTH General Services, L.P. (“UMTHGS” or “Advisor”), a subsidiary of UMT Holdings, L.P. (“UMTH”), a Delaware limited partnership and related party, for the services relating to its daily operations.  The Company’s offices are located in Grapevine, Texas.
	THE ADVISOR
	The Company uses the services of UMTHGS to manage its day-to-day operations and to recommend investments for purchases. The Company’s President is Stuart Ducote. Other UMTH partners and officers include David A. Hanson, who is President of UMTHGS and secretary of UMTH and its subsidiaries. Todd Etter is a shareholder, director and Chairman of the Board of UMT Services, Inc., UMTH’s general partner and, a Director of United Development Funding, Inc. (“UDF”), the general partner of UDF. Mr. Etter is also the sole owner of South Central Mortgage, Inc. ("SCMI"), a Texas corporation that sold Mortgage Investments to the Company. In addition, he is a director and shareholder of Capital Reserve Group, Inc., a Texas corporation, (“CRG”), in addition SCMI owns 50% of Ready America Funding Corp. (“RAFC”). Both CRG and RAFC are Texas corporations that use funds borrowed from the Company to make loans to other borrowers and assign such loans to the Company as security for CRG and RAFC obligations to the Company. Hollis Greenlaw is a shareholder, director and President and Chief Executive Officer of UMT Services, Inc., a partner and the President and Chief Executive Officer of UMTH, and a director and the President and Chief Executive Officer of United Development Funding, Inc., the general partner of UDF, with whom the Company has extended a line of credit. He is Chief Executive Officer of UMTH Land Development, L.P., the general partner of United Development Funding III, L.P. (“UDF III”). Craig Pettit is a partner of UMTH (is this still true), and is the sole proprietor of two companies that own 50% of RAFC. He currently functions as the President of RAFC. William Lowe is a partner of UMTH (is this still true) and owns 50% of CRG. Michael K Wilson is a partner of UMTH and a director of UMT Services, Inc. Cara Obert is a partner of UMTH. She also serves as Chief Financial Officer and Treasurer of UMT Services, Inc. and UMTH Land Development, L.P. Besides the subsidiaries above-referenced, UMTH is the parent company of UMTHLC that sells interim loans to the Company, REO Property Company, L.P., (“REOPC”), a Delaware limited partnership that has provided services to the Company, and of Prospect Service Corp. (“PSC”), a Texas corporation that services the Company’s residential mortgages and contracts for deed.
	ADVISORY AGREEMENT
	UMTHGS is responsible for the day-to-day operations of the Company and for seeking out, underwriting and presenting Mortgage Investments to the Company for consideration and purchase, under the guidance of the Company’s Trustees. In that regard, it employs the requisite number of staff to accomplish these tasks, leases its own office space and pays its own overhead. The Company pays a trust administration fee for services rendered by the Advisor.

SUMMARY_OF_SIGNIFICANT_ACCOUNT

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Organization, Consolidation and Presentation of Financial Statements Disclosure and Significant Accounting Policies [Text Block]	'
	B.  SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
	A summary of the Company’s significant accounting policies consistently applied in the preparation of the accompanying consolidated financial statements are as follows:
	BASIS OF ACCOUNTING
	The accounts are maintained and the consolidated financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
	PRINCIPLES OF CONSOLIDATION
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries: UMT HF, UMT HF II, UMT HF III, UMT URHF, UMT LT Trust, UMT Properties, LP and UMT 15th Street, LP. All significant intercompany accounts and transactions have been eliminated.
	USE OF ESTIMATES
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts in consolidated financial statements and accompanying notes. Actual results could differ from these estimates and assumptions.
	CASH AND CASH EQUIVALENTS
	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
	RESIDENTIAL MORTGAGES, CONTRACTS FOR DEED AND INTERIM LOANS
	Residential mortgages, contracts for deed and interim loans are recorded at the lower of cost or estimated net realizable value, net of discounts and loan acquisition costs paid to the Advisor. The Mortgage Investments are collateralized by real property owned by the borrowers.
	The majority of residential mortgages and contracts for deed are 360 month real estate lien notes that are purchased by the Company from several sources, including SCMI, a related party of the Advisor. Interim loans are real estate lien notes purchased by the Company from various sources including related parties of the Advisor. Interim loans have terms of 12 months or less. The Company is not a loan originator nor does it purchase Mortgage Investments for resale. The Company intends to hold Mortgage Investments to maturity.
	Generally, the Company does not retain servicing rights on its Mortgage Investments. The Company relies on various servicing sources, including related party companies, to service its Mortgage Investments.
	INTEREST INCOME ACCRUAL
	The Company’s portfolio of residential mortgages, contracts for deed, interim loans and lines of credit produce monthly interest income; however, the Company may not receive interest income on a particular loan if a borrower fails to make its monthly interest payment.
	The Company has two types of loans and its accrual method differs for them: Nonrecourse Loans and Recourse Loans.
	A Nonrecourse Loan is one that is not currently covered under a recourse agreement. The majority of the Company’s Nonrecourse Loans are residential mortgages and contracts for deed.
	A Recourse Loan is one that is covered under a recourse agreement that obligates either a third party guaranteeing the performance of a loan, or a borrower that has made a corresponding loan to another party (the "underlying borrower"), to repay the loan to the Company if the underlying borrower defaults. The majority of the Company’s Recourse Loans are interim loans made to borrowers that make corresponding loans which are pledged to the Company as security for the borrower's obligations to the Company. All loans that the Company makes to related parties of its Advisor are Recourse Loans.
	There is no assurance that the interest income accrued by the Company will be paid by a borrower.  When income is accrued with respect to a foreclosed loan, the Company sells the mortgaged property and receives proceeds from the sale. The Company first applies the proceeds to any accrued interest related to the loan and then applies the balance of the proceeds to the outstanding loan balance. If the proceeds from the sale of the property are not sufficient to reduce the outstanding loan balance to zero, the remaining balance is referred to as the “charge-off amount.” The charge-off amount is recorded against the mortgage investment loss reserve: accrued interest income, plus the outstanding loan balance, less proceeds from the sale of the property equals the amount charged-off against loss reserves.
	With respect to Nonrecourse Loans, the Company will accrue interest, if based on the underlying borrower’s payment history and based on analysis by the loan servicing staff, when applicable, it is determined that the likelihood of an interest payment being made is probable. The Company will cease accruing interest when the likelihood that an interest payment will be made is less than probable, generally if a payment is more than 90 days past due or when, in the opinion of management, a full recovery of income and principal becomes doubtful based on a review of economic conditions, the estimated value of the underlying collateral and other relevant factors. If and when the loan is foreclosed, the Company no longer considers the property to be income producing and reclassifies it as foreclosed. Income recognition is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. Any payments received on loans classified as non-accrual status are typically applied first to outstanding loan amounts and then to the recovery of lost interest.
	With respect to Recourse Loans, the Company’s borrower, or a guarantor, is obligated to pay all interest accrued and principal at the end of the loan term, or extensions thereof. As a result, the Company continues to accrue interest on recourse loans even if the likelihood that the underlying borrower will make an interest payment is less than probable, provide management believes it is probable that the originating company will make an interest payment. Interest on Recourse Loans continues to accrue until the loan is fully paid off.
	Deficiency Notes originate from the foreclosure of a Recourse Loan and subsequent sale of the collateral which results in proceeds that are insufficient to discharge the outstanding balance, in which case the originating company delivers to the Company an unsecured deficiency note in the amount of the deficiency.
	In July 2010, the Company began reserving for the interest income earned on certain receivables with the intent to recognize this interest income on a cash basis once payments resumed. Payments resumed in 2012 and a total of approximately $649,000 and $812,000 of interest payments were received and recognized in 2013, and 2012, respectively. Reserves for accrued interest receivable were approximately $3,693,000 and $2,975,000 at December 31, 2013 and 2012, respectively.
	LOAN LOSS RESERVES
	Loan loss reserves are established when it becomes clear that the current market value of foreclosed properties is less than the outstanding balances of loans plus accrued interest. A loan loss reserve is created based on a three year look back of default rates. It is calculated as the difference between the outstanding loan balance of a foreclosed property, plus accrued interest income, less the estimated proceeds from the sale of the foreclosed property. The Company’s three year historical default rate for residential mortgages and contracts for deed is approximately 1.27% of the remaining outstanding unpaid principal balance of the loans it owns outright, excluding the securitized loans. The Company’s three year historical default rate for interim mortgages is approximately 0.03%. The Company charges additions to the loan loss reserves to current period earnings through a provision for loan losses. Amounts determined to be uncollectible are charged directly against, or “charged-off and decrease the loan loss reserves, while amounts recovered on previously charged off accounts increase the reserve.
	The changes in the reserve for loan losses during the years ended December 31, 2013, 2012, and 2011are summarized as follows:
	Walk forward of Loan Loss Reserves:		2013		2012		2011
	Balance, beginning of year		$	3,061,000	$	5,714,000	$	5,233,000
	Provision for loan losses			1,357,000		958,000		720,000
	Reduction of values of foreclosed mortgages and loans charged off			-1,863,000		-3,611,000		-239,000
	Balance, end of year		$	2,555,000	$	3,061,000	$	5,714,000
	The following table summarizes the Company’s reserve balances as of December 31, 2013, 2012 and 2011:
	Reconciliation to Consolidated Balance Sheets :		2013		2012		2011
	Amounts included in reserves – deficiency notes		$	1,736,000	$	2,247,000	$	4,758,000
	Amounts included in real estate owned, net (1)			691,000		500,000		616,000
	Amounts included in mortgage investments – allowance for loan losses			128,000		314,000		340,000
	Balance, end of year		$	2,555,000	$	3,061,000	$	5,714,000
	(1) Real estate owned is presented net of reserves in the accompanying consolidated financial statements.
	In December of 2006 the Company ceased funding interim loans for the construction of single family homes (“Construction Loans”). Prior to December of 2006 the Company funded these Interim Loans through a non-related party lender, Residential Development Corp. (“RDC”). Throughout 2007 and 2008, we experienced increased delinquency and foreclosures on loans previously funded to RDC and implemented the following actions with regard to RDC:
		·	Ceased funding loans to RDC
		·	Began aggressive liquidation of properties securing non-performing loans
		·	Engaged the services of asset managers to assist in the management of RDC delinquencies and liquidation of RDC assets
		·	Began detailed examination of RDC lending practices and collateral positions
		·	Re-evaluated market values of properties securing the RDC loans
		·	Began review of all recourse afforded the Company by RDC and its principal owner
	The Company continued these efforts throughout 2013 and 2012 and will continue until the RDC foreclosed property portfolio is fully liquidated. As of December 31, 2009, the remainder of the RDC Interim Loans were foreclosed and all acquired assets were reflected as real estate owned in the accompanying consolidated financial statements. As of December 31, 2013 and 2012, the balance of RDC assets included in real estate owned was approximately $369,000 and $680,000, respectively, net of reserves of $48,000 and approximately $42,000, respectively, for the same periods. As of December 31, 2013, the portion of Deficiency Notes and Reserves – Deficiency Notes, applicable to the RDC portfolio was approximately $3,251,000 and $1,736,000, respectively. As of December 31, 2012, the portion of Deficiency Notes and Reserves – Deficiency Notes, applicable to the RDC portfolio was approximately $4,396,000 and $2,247,000, respectively. In the event that aggressive liquidation of the portfolio may result in additional losses, we will provide for additional reserves as needed.
	ACCOUNTING FOR AND DISPOSITION OF FORECLOSED PROPERTIES
	The Company follows the accounting and reporting standards for foreclosed real estate as set forth in the Financial Accounting Standards Board Accounting Standards Codification (”ASC”) Topic 310-40, Accounting for Troubled Debt Restructurings by Creditors, and ASC Topic 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets. When the Company takes possession of real estate through foreclosure it is classified as Real Estate Owned (“REO”) at the lower of the fair market value of the asset, less estimated selling costs, or the cost basis of the asset. For assets that are not subject to a recourse agreement, any excess of the cost basis of the asset over the fair value of the asset less the estimated selling costs of the asset is recognized as a loss, to the extent it is not offset against existing allowances for uncollectible amounts or other valuation allowances, at the time of foreclosure. Additional direct costs incurred during foreclosure such as legal fees are included in expense when incurred. For loans that are subject to a recourse obligation, any excess of the cost basis of the asset over the fair value of the asset minus the estimated selling costs of the asset is added to the obligor’s recourse obligation. The Company attempts to resell the property to recover all costs associated with the default, including legal fees, transaction costs, and repair expenses. Upon sale of the property, a gain or loss is recognized. If a foreclosed loan is subject to a recourse agreement with a non-related party borrower and is not fully repaid, the borrower delivers a new promissory note to the Company in the amount of the deficiency. These promissory notes are paid in installments.
	The Company receives nominal rental revenue from certain foreclosed properties. As these revenues are immaterial relative to the Company’s total revenues and gross REO expenses and such revenues are ancillary to the Company’s core business, any revenues generated by REO properties held for sale are reflected as a contra expense and offset a portion of the expenses incurred to maintain the foreclosed properties.
	In accordance with the reporting requirements of ASC Topic 310, Accounting for Troubled Debt Restructurings by Creditors, and ASC Topic 360, Accounting for the Impairment or Disposal of Long-Lived Assets, foreclosed property received in full or partial satisfaction of a loan is recorded at the lower of the fair market value of the property at the time of foreclosure, less the selling costs or the cost basis of the property. For loans that are not subject to a recourse agreement, any excess of the recorded investment in the foreclosed loan over the fair value of the asset is recognized as a loss, to the extent it is not offset against existing allowances for uncollectible amounts or other valuation allowances, at the time of foreclosure. Additional direct costs incurred during foreclosure such as legal fees are included in expense when incurred. For assets covered by a recourse obligation, the obligor delivers a new promissory note to the Company in the amount of the deficiency. These promissory notes are paid in installments. The foreclosed property portfolio is reviewed quarterly and any additional costs or other losses associated with maintaining a foreclosed property are recognized when they become known and estimable. Upon sale of a foreclosed property, any additional losses realized are recognized immediately. Any gains realized upon the sale of a foreclosed property are deferred until such time as the Company’s economic earning process is completed for that property.
	INCOME TAXES
	The Company intends to continue to qualify as a REIT under the Internal Revenue Code of 1986 the (“Code”) as amended. A REIT is generally not subject to federal income tax on that portion of its REIT taxable income (“Taxable Income”) that is distributed to its shareholders provided that at least 90% of Taxable Income is distributed. No provision for taxes has been made in the consolidated financial statements, as the Company believes it is in compliance with the requirements in the Code for the treatment as a REIT. The dividend (earnings) portions of distributions paid to shareholders are considered ordinary income for income tax purposes.
	ASC 740 prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. In accordance with ASC 740, we must determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. We believe we have no such uncertain positions.
	We file income tax returns in the United States federal jurisdiction. At December 31, 2013, tax returns related to fiscal years ended December 31, 2010 through December 31, 2012 remain open to possible examination by the tax authorities. No tax returns are currently under examination by any tax authorities. We did not incur any penalties or interest during the years ended December 31, 2013 and 2012.
	EARNINGS PER SHARE
	ASC 260, Earnings per Share, provides for the calculation of basic and diluted earnings per share.  Basic earnings per share include no dilution and are computed by dividing income available to shareholders by the weighted average number of shares outstanding for the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of the Company.  Because the Company’s potential dilutive securities are not dilutive, the accompanying presentation is only of basic earnings per share.
	DISTRIBUTION POLICY AND DISTRIBUTIONS DECLARED
	The Company makes distributions each year (not including return of capital for federal income tax purposes) equal to at least 90% of the REIT’s Taxable Income.  Since September 1997 the Company has made monthly distributions to its shareholders and intends to continue doing so. The trustees declare the distribution rate quarterly and distributions are made at the rate declared at the end of the following month for shareholders of record as of the 15th day of the preceding month. The Company distributed 314% 251%, and 234% of earnings during 2013 2012, and 2011, respectively, and made distributions in excess of earnings of 214%, 151%, and 134% during 2013, 2012, and 2011, respectively.
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	In accordance with the reporting requirements of ASC 825, Disclosures About Fair Value of Financial Instruments, the Company calculates the fair value of its assets and liabilities that qualify as financial instruments under this statement and includes additional information in notes to the Company’s consolidated financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of accrued interest receivable, accrued interest receivable from related parties, accounts payable and accrued liabilities (including related parties) approximate the carrying value due to the relatively short maturity of these instruments. The carrying value of residential mortgages, interim mortgages (including related parties), lines of credit receivable (including related parties), recourse obligations from related parties, deficiency notes (including related parties) and lines of credit payable also approximate fair value since these instruments bear market rates of interest. None of these instruments are held for trading purposes.

DEFICIENCY_NOTES_RELATED_PARTY

DEFICIENCY NOTES - RELATED PARTY AND NON-RELATED PARTY	12 Months Ended
	Dec. 31, 2013
Deficiency Notes [Abstract]	'
Deficiency Notes [Text Block]	'
	C. DEFICIENCY NOTES – RELATED PARTY AND NON-RELATED PARTY
	The Company has made loans in the normal course of business to related parties and non-related parties, the proceeds from which have been used to originate underlying loans that are pledged to the Company as security for such obligations.  When principal and interest on an underlying loan is due in full, at maturity or otherwise, the corresponding obligation owed by the originating company to the Company is also due in full.  If the borrower or the Company foreclosed on property securing an underlying loan, or if the Company foreclosed on property securing a purchased loan, and the proceeds from the sale were insufficient to pay the loan in full, the originating company had the option of (1) repaying the outstanding balance owed to the Company associated with the underlying loan or purchased loan, as the case may be, or (2) delivering to the Company an unsecured deficiency note in the amount of the deficiency.
	As of December 31, 2013, the Company had two deficiency notes with non-related parties in the aggregate amount of approximately $4,976,000. One note in the amount of approximately $1,725,000 bears interest at a rate of 14% per annum. The second note in the amount of approximately $3,251,000 with a reserve of approximately $1,736,000. The Company does not accrue interest on the second note as the underlying collateral value approximates the note balance, net of reserves.
	As of December 31, 2012, the Company had two deficiency notes with non-related parties in the aggregate amount of approximately $6,122,000. One note in the amount of approximately $1,725,000 bears interest at a rate of 14% per annum. The second note in the amount of approximately $4,396,000 with a reserve of approximately $2,247,000. The Company does not accrue interest on the second note as the underlying collateral value approximates the note balance, net of reserves.
	As of December 31, 2007, UMTHLC issued to the Company a variable amount promissory note in the amount of $5,100,000 to evidence its deficiency obligations to the Company.  The initial principal amount of the note was approximately $1,848,000. The principal balance as of December 31, 2013 and 2012 was approximately $29,296,000 and $29,958,000, respectively. The principal balance will fluctuate from time to time based on the underlying loan activity and the amount of deficiencies realized by the related party. Effective January 2011, the deficiency note was modified and the interest rate was reduced from 10% to 6%. Management has accounted for this loan modification as a modification in the normal course of business and not as a troubled debt restructuring as the borrowers and guarantors have obtained third party financing at current market rates, the modified rate represents a premium over current market rates, the risk characteristics of the third party debt obtained is similar to the modified debt, the loan’s original contractual maturity or expected duration was not extended and the Company expects to receive full payment under the loan. The note requires quarterly principal and interest payments based on a fifteen-year (15) amortization for the outstanding principal balance and all outstanding principal and unpaid accrued interest is due and payable in full on September 30, 2013. The Company is negotiating an extension of this loan with UMTHLC with similar terms. The note is secured by a limited guaranty by UMTHGS, the Advisor, equal to a monthly amount not to exceed 33% of the advisory fee received by UMTHGS under the terms of its Advisory Agreement with the Company.
	On a quarterly basis, the Company conducts a review of the underlying borrowers and third party guarantors in order to assess their ability to perform their obligations under the terms of the deficiency notes based on updated five year forecasts of future cash flows of the underlying borrowers and guarantors. Such ability to perform is principally dependent upon the borrower’s and obligor’s ability to realize cash flows from distributions derived from the pledged collateral sufficient to meet its current operational needs, as well as provide liquidity to fund the debt service requirements under the Company’s notes. Such review includes, but is not limited to the following related to the guarantor: analyzing current financial statements and operating results, analyzing projected future operating results and validating the assumptions used to generate such projections, forecasting future cash flows and assessing the adequacy of these cash flows to service the Company’s notes, conducting discussions with and obtaining representations from the guarantors’ management with respect to their current and projected operating results. Based on such reviews, the Company has concluded that the guarantor has the ability to perform under their repayment obligations and that the deficiency note balance is fully realizable over their terms. Accordingly, the Company has not recorded any reserves on the principal portion of these loans.

LINES_OF_CREDIT_PAYABLE

LINES OF CREDIT PAYABLE	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Long-term Debt [Text Block]	'
	D. LINES OF CREDIT PAYABLE
	During August 2009, the Company entered into a revolving line of credit facility with a bank for $5,000,000. The line of credit bears interest at prime plus one percent, with a floor of 5.50% and requires monthly interest payments. Principal and all unpaid interest were due at maturity, which was August 2012. Effective September 2012, the line was renewed under the same terms and matures on September 5, 2015. The line is collateralized by a first lien security interest in the underlying real estate financed by the line of credit. The outstanding balance on this line of credit was approximately $4,377,000 and $3,608,000 at December 31, 2013 and 2012, respectively. As of December 31, 2013 and 2012, the Company was in compliance with all of its debt covenants.
	On May 27, 2011, the Company entered into a revolving line of credit facility with a bank for $4,300,000. The loan bears interest at prime plus one percent, with a floor of 5.0%, and requires monthly interest payments. Principal and all unpaid interest will be due at maturity which is May 27, 2014. The loan is collateralized by a first lien security interest in the underlying real estate financed by the loan. The outstanding balance on this loan at December 31, 2013 and 2012 was approximately $1,593,000 and $3,111,000, respectively. As of December 31, 2013 and 2012, the Company was in compliance with all of its debt covenants.
	On October 26, 2011, the Company entered into a revolving line of credit facility with a bank for $5,000,000. The loan bears interest at prime plus one percent, with a floor of 5.0%, and requires monthly interest payments. Principal and all unpaid interest will be due at maturity which is October 26, 2014. The loan is collateralized by a first lien security interest in the underlying real estate financed by the loan. The outstanding balance on this loan at December 31, 2013 and 2012 was approximately $546,000 and $269,000, respectively. As of December 31, 2013 and 2012, the Company was in compliance with all of its debt covenants.
	On July 22, 2013, the Company entered into a revolving line of credit facility with a bank for $15,000,000. The loan bears interest at prime plus one percent, with a floor of 4.75%, and requires monthly interest payments. Principal and all unpaid interest will be due at maturity which is July 22, 2016. The loan is collateralized by a first lien security interest in the underlying real estate financed by the loan. The outstanding balance on this loan at December 31, 2013 was approximately $1,167,000. As of December 31, 2013 and 2012, the Company was in compliance with all of its debt covenants.
	Below is a Five Year Maturity Schedule of all lines of credit payable:
		2014		2015		2016		2017		2018		Thereafter		Total
	Lines of Credit Payable Maturity	$	2,139,000	$	4,377,000	$	1,167,000	$	-	$	-	$	-	$	7,683,000

NOTES_PAYABLE

NOTES PAYABLE	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Debt Disclosure [Text Block]	'
	E. NOTES PAYABLE
	In March, 2010, the Company entered into two Residential Mortgage loans, with full recourse, to non-related party investors for approximately $169,000. These notes payable were accounted for as recourse borrowings. The notes require monthly principal and interest payments at a rate of 9.5% amortized over 30 years with all unpaid principal and interest due at maturity. The loans were paid in full on November 1, 2013. One loan had a balance of approximately $0 and $70,000, at December 31, 2013 and 2012, respectively. The other loan had a balance of approximately $0 and $96,000 on December 31, 2013 and 2012, respectively. The total outstanding balance on these notes was approximately $0 and $166,000 at December 31, 2013 and 2012, respectively.
	On April 21, 2010, the Company entered into a term loan credit facility with a bank for $1,600,000. The note payable bears interest at prime plus one percent, with a floor of 7.0%, and requires monthly interest payments. Principal and all unpaid interest were due at maturity which was October 21, 2012. The term loan credit facility was extended effective December 21, 2012 with an amended maturity date of December 19, 2013, and an interest rate reduction from 7.0% to 5.5%. Effective February 19, 2013, the maturity date was extended to December 18, 2014. The loan is collateralized by a first lien security interest in the underlying real estate financed by the loan. The outstanding balance on this loan at December 31, 2013 and 2012 was approximately $569,000 and $1,107,000, respectively.
	On January 27, 2011, the Company initiated a private offering of Secured Subordinated Notes (“Notes,” to accredited investors “Note Holders”). The Notes are being offered through a wholly - owned subsidiary, UMT Home Finance II, L.P. (“HF II”). HF II is a Delaware limited partnership that was formed on November 29, 2010 as a Special Purpose Entity, for the purpose of originating and holding loans made to fund the acquisition of finished lots and the construction of single-family homes on the subject lots (“Loans”). HF II will issue up to $5 million in 7.5% Notes. The Notes will be secured by an undivided security interest on the pool of loans owned by HF II. The offering of the Notes is not registered under the Securities Act, in reliance upon the exemption from registration for non-public offerings provided by Rule 506 of Regulation D promulgated under the Securities Act of 1933, as amended. As of December 31, 2013 and 2012, approximately $4,275,000 and $1,230,000 was outstanding and approximately $100,000, $200,000, $265,000, $200,000, $187,500, $100,000, $2,347,500, $50,000, $500,000, $100,000 and $50,000 matures on  March 2016, April 2016, February 2017, March 2017, October 2017, November 2017, February 2018, March 2018, May 2018, July 2018, and September 2018, respectively.
	As of December 31, 2013, the Company had ten Notes Payable to various non-related parties totaling approximately $1,347,000. These Notes bear interest at the rate of 7.5% per annum and require interest only payments on a monthly basis. These Notes are secured by an undivided security interest in the pool of construction loans funded for the construction of single-family homes by UMT Home Finance, L.P. a wholly - owned and consolidated subsidiary of United Mortgage Trust and mature on April 2018, June 2018, July 2018, and August 2018.
	Below is a Five Year Maturity Schedule of all notes payable:
		2014		2015		2016		2017		2018		Thereafter		Total
	Notes Payable Maturity		-	$	569,000	$	300,000	$	752,500	$	4,569,500	$	-	$	6,191,000

OPTIONS_TO_PURCHASE_SHARES_OF_

OPTIONS TO PURCHASE SHARES OF BENEFICIAL INTEREST	12 Months Ended
	Dec. 31, 2013
Options To Purchase Shares Of Beneficial Interest [Abstract]	'
Options To Purchase Shares Of Beneficial Interest [Text Block]	'
	F.  OPTIONS TO PURCHASE SHARES OF BENEFICIAL INTEREST
	For each year in which an Independent Trustee of the Company serves, the Trustee receives 5-year options, which vest upon grant, to purchase 2,500 shares of Company stock at $20 per share.
	Following is a summary of the option transactions:
		2013		2012		2011
	Outstanding at beginning of year		60,000		55,000		45,000
	Granted		12,500		12,500		12,500
	Expired		-10,000		-7,500		-2,500
	Exercised		-		-		-
	Outstanding at end of year		62,500		60,000		55,000
	Exercisable at end of year		62,500		60,000		55,000
	Exercise price per share	$	20	$	20	$	20

RELATED_PARTY_TRANSACTIONS

RELATED PARTY TRANSACTIONS	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Related Party Transactions Disclosure [Text Block]	'
	G.  RELATED PARTY TRANSACTIONS
	Related Party Receivables
	As a component of its real estate investment activities the Company has since inception in 1997 regularly made mortgage investments in the form of loans to related parties, which were secured by loans originated by related parties to non-related parties third parties. In addition, the Company has purchased loans originated by related parties to non-related parties third parties.
	Affiliates Relationships
	The following chart depicts the related parties with which we have loan or recourse relationships:
	The related party relationships depicted above are more fully described below:
		·	UMT Holdings, L.P. (“UMTH”) is a Delaware limited partnership which is in the real estate finance business. UMTH holds a 99.9% limited partnership interest in:
		o	UMTH Lending Company, LP (“UMTHLC”)which made interim mortgage loans to nonrelated third parties;
		o	UMTH General Services, L.P. (“UMTHGS”) which serves as Advisor to the Company and;
		o	UMTH Land Development, L.P. (“UMTHLD”) which serves as asset manager to United Development Funding, L.P. (“UDF”).
		·	UMTHLC is a Delaware limited partnership, and subsidiary of UMTH. The Company has loaned money to UMTHLC secured by interim mortgage loans for the acquisition and renovation of single-family homes made by UMTHLC to nonrelated third parties borrowers.
		·	UMTH Land Development, L.P., (“UMTHLD”), is a Delaware limited partnership and subsidiary of UMTH which serves as asset manager for and holds a 50% profit interest in United Development Funding, L.P. (“UDF”), a Delaware limited partnership. UMTHLD also serves as general partner of United Development Funding III, L.P. (“UDF III”).
		·	United Development Funding, L.P. (“UDF”), a Delaware limited partnership which originates loans and makes investments for the acquisition and development of parcels of real property as single-family residential lots. UMTHLD serves as the asset manager of UDF. The Company has extended a revolving line of credit facility to UDF which is secured by all of UDF’s senior and subordinate real estate secured loans and equity investments.
		·	United Development Funding III, L.P., a Delaware limited partnership, (“UDF III”). UMTHLD serves as general partner of UDF III. UDF III has purchased an economic participation in a revolving credit facility we have provided to UDF.
		·	Capital Reserve Group (“CRG”) is a Texas corporation that is 50% owned by Todd Etter and William Lowe, partners of UMTH, which holds a 99.9% interest in UMTHGS, our advisor. The Company has loaned money to CRG secured by interim mortgage loans for the acquisition and renovation of single-family homes made by CRG to non-related third parties borrowers.
		·	Ready America Funding Corp. (“RAFC”) is a Texas corporation that is 50% owned by South Central Mortgage, Incorporated (“SCMI”), a company owned by Todd Etter and 50% beneficially owned by Craig Pettit, a partner in UMTH. The Company has loaned money to RAFC secured by interim mortgage loans secured by land and modular and manufactured single-family homes placed on the land made by RAFC to non-related third party borrowers.
		·	SCMI, a Texas corporation. The Company has purchased long term owner-occupied residential mortgage loans from SCMI secured by single-family homes.
		·	Wonder Funding, LP (“Wonder”) is a Delaware limited partnership that is owned by Ready Mortgage Corporation (“RMC”). RMC is beneficially owned by Craig Pettit, a partner of UMTH. The Company has loaned money to Wonder secured by interim mortgage loans for the acquisition and renovation of single-family homes made by Wonder to non-related third parties borrowers.
	The following table details the governance and ownership aspects of above related party relationships:
	United Mortgage Trust Related Party Relationships
	Company		Affiliation		Governance		Ownership
	UMT Holdings, L.P. ("UMTH")		99.9% owner of our borrower, UMTHLC and our advisor, UMTHGS		UMT Services, Inc. serves as General Partner		10 Limited Partners
	UMTH Lending Company, L.P. ("UMTHLC")		Borrower		UMT Services, Inc. serves as General Partner		99.9% owned by UMTH
	UMTH Land Development, L.P. ("UMTHLD")		Asset Manager for UDF I and General Partner of UDF III		UMT Services, Inc. serves as General Partner		99.9% owned by UMTH
	United Development Funding, L.P. ("UDF I")		Borrower		United Development Funding, Inc., serves as General Partner		41 Limited Partners
	United Development Funding III, L.P. ("UDF III")		Loan Participant		UMTHLD serves as General Partner		9003 Limited Partners
	Capital Reserve Group, Inc. ("CRG")		Borrower		2 UMTH Limited Partners serve as directors		Owned by 2 UMTH Limited Partners
	Ready America Funding Corp. ("RAFC")		Borrower		2 UMTH Limited Partners serve as directors		Beneficially owned by 2 UMTH Limited Partners
	South Central Mortgage, Inc. ("SCMI")		Note Seller		One UMTH Limited Partner serves as director		Beneficially owned by 1 UMTH Limited Partner
	Wonder Funding, L.P. ("Wonder")		Borrower		One UMTH Limited Partner serves as director		Beneficially owned by 1 UMTH Limited Partner
	Note - None of the Company’s trustees or officers hold a direct or beneficial interest in any of the above related parties.
	Related Party Receivables
	The following table summarizes our related party loans and obligations and corresponding outstanding balances as of December 31, 2013 and 2012. The amounts shown in the table below are included in the consolidated balance sheets.
			2013			2012			Collateral
	Interim loans, related parties
	RAFC		$	16,282,339		$	16,285,448		Real estate
	Total			16,282,339			16,285,448
	Lines of credit receivable, related parties
	UDF I		$	7,739,415		$	6,686,096		Land development loans and equity investments
	UDFI (UDF III economic interest participation agreement)			70,835,104			74,699,298		Land development loans and equity investments
	UMTHLC			7,576,966			7,561,966		Real estate
	Total		$	86,151,485		$	88,947,360
	Recourse obligations, related parties
	CRG		$	4,504,544		$	4,521,893		Pledge of equity interest & limited guaranty
	RAFC			10,170,196			8,502,333		Pledge of equity interest & limited guaranty
	SCMI			3,448,002			3,476,639		Pledge of equity interest & limited guaranty
	RAFC/Wonder			1,971,536			1,998,964		Pledge of equity interest & limited guaranty
	Total		$	20,094,278		$	18,499,829
	Deficiency note, related party
	UMTHLC		$	29,295,567		$	29,958,940		Guaranty
	The following is a brief description of the Company’s related party receivables, by type, and related collateral.
	Interim Loans, Related Parties
	The Company has loaned money to UMTHLC and RAFC secured by interim mortgage loans for the acquisition and renovation of single-family homes made by UMTHLC and RAF to non-related third parties borrowers. These loans are collaterally assigned to the Company as security for the interim loans between UMTHLC and RAFC and the Company. These loan balances are included in “Interim loans, related parties” in the Company’s consolidated balance sheets.
	Lines of Credit, Related Parties – UDF, UDF III and UMTH LC
	UDF and UDF III
	The Company has entered into a revolving line of credit (“Loan”) with UDF, secured by the pledge of all of UDF's land development senior and subordinated real estate secured loans and equity investments.
	The Company has entered into an Economic Interest Participation Agreement with UDF III, pursuant to which UDF III purchased an economic interest in the UDF Loan and was granted an option to acquire a full ownership participation interest in the Loan. The advances funded by UDF III are exactly offset by a participation payable amount to UDF III; therefore the Company does not earn any net interest income on the advances made by UDF III and has no net collectability exposure under the Economic Interest Participation Agreement.
	The above loan balances are included in “Lines of credit receivable, related parties” in the Company’s consolidated balance sheets.
	UMTHLC
	The Company has entered into a secured line of credit promissory note with UMTHLC in the amount of $8,000,000. The line of credit is secured by first lien mortgage interests in single family residential properties.
	These loan balances are included in “Lines of credit receivable, related parties” in the Company’s consolidated balance sheets.
	Recourse Obligations, Related Parties
	CRG, RAFC and Wonder made interim loans to non-related third party borrowers for the acquisition and renovation of single-family homes. The Company made loans, with recourse, to each of these entities. Each of these entities used the proceeds from such loans to originate loans to non-related third party borrowers, which are referred to as "underlying loans," that are pledged to the Company as security for the Company’s loans made to them. When principal and interest on an underlying loan are due in full, at maturity or otherwise, the corresponding obligation owed to the Company is also due in full.
In addition to the loans made, with recourse, to CRG, RAFC, and Wonder, the Company purchased long term residential mortgage loans from SCMI referred to as "purchased loans," and entered into recourse agreements under which SCMI agreed to repay certain losses the Company incurred with respect to the purchased loans by delivering an unsecured deficiency note in the amount of the deficiency to the Company.
All amounts due from each related party under the recourse obligations and deficiency notes described above have been consolidated into secured promissory notes (“Recourse Obligations”). The security for the Recourse Obligations consists of a pledge of each related party’s respective Class C and Class D ownership units in UMTH and in the case of Wonder secured by a limited indemnification agreement between UMTH and the Company. This collateral represents capital shares in UMTH and is eligible for, and receives, quarterly distributions from UMTH. See “Management’s Collectability Analysis for Related Party Recourse Obligations and Deficiency Notes” below for management’s valuation of collateral securing the related party obligations.
Based upon the collectability analysis performed by it, the Company has concluded that the guarantors have the ability to perform their obligations under the guaranties and that the Recourse Obligations are fully realizable.
These Recourse Obligation balances are included in “Recourse obligations, related parties” in the Company’s consolidated balance sheets.
Deficiency Note, Related Party
As noted above, the Company has loaned money to UMTHLC to fund the origination of interim loans to their borrowers. If UMTHLC or the Company forecloses on a property securing an interim mortgage, and the proceeds from the sale are insufficient to pay the loan in full, UMTHLC delivers an unsecured deficiency note in the amount of the deficiency to the Company. In 2007, UMTHLC issued to the Company a promissory note to evidence its deficiency obligations to the Company (the “Deficiency Note”). The Deficiency Note is secured by a limited guaranty by UMTHGS, the Advisor. The Deficiency Note balance is included in “Deficiency note, related party” in the Company’s consolidated balance sheets.
1) UMTH is a Delaware limited partnership which is in the real estate finance business. UMTH holds a 99.9% limited partnership interest in UMTHLC, which originates interim loans that the Company is assigned, UMTH Land Development, L.P., which holds a 50% profit interest in UDF and acts as UDF's asset manager, and PSC, which services the Company’s residential mortgages and contracts for deed and manages the Company’s real estate owned (“REO”). In addition, UMTH has a limited guarantee of the obligations of CRG, RAFC, and SCMI, a Texas corporation that sold mortgage investments to the Company, under the Secured Notes.  UDF III which is managed by UMTH Land Development, L.P., has previously provided a limited guarantee of the UDF line of credit and has purchased an economic participation in a revolving credit facility we have provided to UDF.
2) UMTHLC is a Delaware limited partnership, and subsidiary of UMTH.  The Company has loaned money to UMTHLC so it can make loans to its borrowers. The loans are collaterally assigned to the Company, as security for the promissory note between UMTHLC and the Company. On March 26, 2009, the Company executed a secured line of credit promissory note with UMTHLC in the amount of $8,000,000. The note bears interest at 12.50% per annum, matured on September 26, 2012 and is secured by first lien mortgage interests in single family residential properties. The Company is negotiating an extension of this loan with UMTHLC with similar terms. The outstanding balance on this line of credit at December 31, 2013 and December 31, 2012, was approximately $7,577,000 and $7,562,000, respectively, and is included in the balances noted in the paragraph above.
See Note C above for discussion of additional related party transactions with UMTHLC.
3) CRG is a Texas corporation that is 50% owned by Todd Etter and William Lowe, partners of UMTH, which owns the Advisor.  CRG was in the business of financing home purchases and renovations by real estate investors. The Company loaned money to CRG to make loans to other borrowers. During 2006 the Company took direct assignment of the remaining loans from CRG with full recourse.
4) RAFC is a Texas corporation that is 50% owned by SCMI, which is owned by Todd Etter. RAFC is in the business of financing interim loans for the purchase of land and the construction of modular and manufactured single-family homes placed on the land by real estate investors. The Company continues to directly fund obligations under one existing RAFC loan, which was collaterally assigned to the Company, but does not fund new originations and the Company is in the process of foreclosing on the collateral in California. The unpaid principal balance of the loans at December 31, 2013 and 2012 was approximately $16,282,000 and $16,286,000, respectively.
5) Wonder is a Delaware limited partnership that is owned by RMC. RMC is beneficially owned by Craig Pettit.  Wonder is in the business of financing interim loans for the purchase of land and the construction of single family homes.  The Company has ceased funding any new originations.  As of December 31, 2013, all remaining obligations owed by Wonder to the Company are included in the recourse obligations discussed below.
6) Recourse Obligations. The Company has made recourse loans to (a) CRG, which is owned by Todd Etter and William Lowe, (b) RAFC, which is owned by SCMI and two companies owned by Craig Pettit, Eastern Intercorp, Inc. and Ready Mortgage Corp. (“RMC”), and (c) SCMI, which is owned by Todd Etter, (these companies are referred to as the "originating companies").  In addition to the originating companies discussed above, the Company made loans with recourse to Wonder.  Each of these entities used the proceeds from such loans to originate loans, that are referred to as "underlying loans," that are pledged to the Company as security for such originating company's obligations to the Company.  When principal and interest on an underlying loan are due in full, at maturity or otherwise, the corresponding obligation owed by the originating company to the Company is also due in full.
In addition, some of the originating companies have sold loans to the Company, referred to as the "purchased loans," and entered into recourse agreements under which the originating company agreed to repay certain losses the Company incurred with respect to purchased loans.
If the originating company forecloses on property securing an underlying loan, or the Company forecloses on property securing a purchased loan, and the proceeds from the sale are insufficient to pay the loan in full, the originating company has the option of (1) repaying the outstanding balance owed to the Company associated with the underlying loan or purchased loan, as the case may be, or (2) delivering an unsecured deficiency note in the amount of the deficiency to the Company.
On March 30, 2006, but effective December 31, 2005, the Company and each originating company agreed to consolidate (1) all outstanding amounts owed by such originating company to the Company under the loans made by the Company to the originating company and under the deficiency notes described above and (2) the estimated maximum future liability to the Company under the recourse arrangements described above, into secured promissory notes.  Each originating company issued to the Company a secured variable amount promissory note dated December 31, 2005 (the “Secured Notes”) in the principal amounts shown below, which amounts represent all principal and accrued interest owed as of such date. The initial principal amounts are subject to increase up to the maximum amounts shown below if the Company incurs losses upon the foreclosure of loans covered by recourse arrangements with the originating company.  The Secured Notes (including related guaranties discussed below) are secured by an assignment of the distributions on the Class C and Class D units of limited partnership interest of UMT Holdings held by each originating company.
Management’s Collectability Analysis for Related Party Recourse Obligations and Deficiency Notes
Recourse Obligations and Deficiency Notes are resultant from a shortfall in the repayment of an underlying loan securing a loan to a related party or in the shortfall in repayment from a defaulted and foreclosed long-term residential mortgage purchased from a related party. In both cases, the Company has recourse to the related party for the shortfall. Unlike the original underlying loan or purchased mortgage, the related party’s recourse obligation is not secured by a lien on a real property. Recourse obligations of CRG, RAFC, SCMI and Wonder are secured by the pledge of equity interests held in UMTH. The UMTHLC deficiency note is secured by the guaranty of UMTHLC and the limited guaranty of UMTHGS including pledge of up to 33% of the advisory fee received by UMTHGS. Because the obligations are secured by third party collateral and guarantees, management conducts quarterly analysis of the integrity and value of the security for each obligation, and makes a determination of the collectability of the obligations based on the collateral value and cash flows derived from the collateral.
In making these loans, we considered a number of factors to preserve and enhance our ability to be repaid. The security for the Recourse Obligations of CRG, RAFC and SCM consists of pledges of each related party’s respective Class C and Class D ownership units in UMTH. This collateral represents capital shares in UMTH and is eligible for, and receives, quarterly distributions from UMTH. Class C units are entitled to a total distribution of $1,000 per unit and the value of the C unit collateral is determined through multiplying the number of pledged units remaining times $1,000. Class D units are entitled to perpetual distributions and are valued using a discounted cash flow (“DCF”) model that is reviewed and updated each quarter. The integrity of the C and D unit collateral is determined by the distribution priority given to each unit by the UMTH general partner and the reliability of forecasted distributions. Security for the Recourse Obligation of Wonder consists of a limited indemnification agreement in the initial amount of $1,134,000. The table below depicts the remaining collateral value securing the Recourse Obligations at December 31, 2013.
Name		Initial			Balance at			Promissory			Units pledged as			C Units			Units remaining		Estimated
		principal			December 31,			Note			security			distributed					Collateral
		amount			2013			principal						during 2013					Value (3)
								amount (2)
CRG		$	2,725,442		$	4,504,544		$	4,300,000			4,984 Class C and 2,710 Class D			142		2,399 Class C and 2,710 Class D		$	4,690,000
RAFC		$	3,243,369		$	10,170,196		$	7,100,000			11,228Class C, 6,659 Class D			516		8,694 Class C and 6,659 Class D		$	10,299,000
SCMI		$	3,295,422		$	3,448,002		$	3,488,643			4,545 Class C and 3,000 Class D			58		985 Class C and 3,000 Class D		$	3,873,000
RAFC / Wonder(1)		$	1,348,464		$	1,971,536		$	1,400,000			1,657 Class C			88		1,482 Class C		$	1,482,000
Wonder Indemnification (1)			n/a			n/a			n/a		$	1,134,000			-		n/a		$	822,000
Totals		$	10,612,697		$	20,094,278		$	16,288,643										$	21,166,000
	-1	Wonder is collateralized by an indemnification agreement from RMC in the amount of $1,134,000, which includes the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.
	-2	The CRG, RAFC and Wonder balances at December 31, 2013 exceeded the stated principal amount per their variable Secured Notes by approximately $205,000, $3,070,000 and $572,000, respectively. Per the terms of the Secured Notes, the unpaid principal balance may be greater or less than the initial principal amount of the note and is not considered an event of default.  The rapid rate of liquidation of the remaining portfolio of properties caused a more rapid increase in the Unpaid Principal Balance (“UPB”) than we originally anticipated and outpaced the minimum principal reductions scheduled for the loans.
	-3	Estimated collateral value reflects pledge of D units of limited partnership interest of UMTH held by WLL, Ltd., RAFC and KLA, Ltd. UMTH D units represent equity interests in UMT Holdings, LP. Pledge of the UMTH D units entitles the beneficiary to a pro-rata share of UMTH partnership D unit cash distributions
Through September 2007, the Secured Notes incurred interest at a rate of 10% per annum. The CRG, RAFC, and RAFC/Wonder Secured Notes amortize over 15 years. The SCMI Secured Note amortizes over approximately 22 years, which was the initial amortization of the deficiency notes from SCMI that were consolidated. The Secured Notes required the originating company to make monthly payments equal to the greater of (1) principal and interest amortized over 180 months and 264 months, respectively, or (2) the amount of any distributions paid to the originating company with respect to the pledged Class C units. Effective October 2007, the recourse loans were modified to accommodate the anticipated increases in principal balances throughout the remaining liquidation periods of the underlying assets, modify the amortization schedules for the period of July 2007 through June 2009, and reduce the interest rate from 10% to 6%. The above modifications have been extended through December 31, 2014. Management has accounted for these as loan modifications in the normal course of business, and not as a troubled debt restructuring, as the underlying collateral value exceeds the outstanding loan amounts, the modifications did not include an extension of the debt’s original contractual maturity or expected duration, the borrowers and guarantors have obtained third party financing at current market rates, the modified rate represents a premium over current market rates and the risk characteristics of the third party debt obtained is similar to the modified debt. The Company expects to receive full repayment under the loan.
Cash Flow Analysis
The ability to perform is principally dependent upon the forecasted cash distributions associated with the pledged collateral and the ability of the distributions to meet the debt service requirements under the Recourse Obligations. On a quarterly basis, the Company conducts a review of the collateral pledged by the underlying borrowers and third party guarantors in order to assess their ability to perform their obligations under the terms of the Recourse Obligations. This review includes analyzing the consolidated financial statements of UMT Holdings, L.P. including its cash flows and sources of cash flow, assets and net profits. In addition to reviewing the historical financial statements, we analyze projected future earnings and cash flows that will support distributions and validate the assumptions used to generate these projections, assessing the ability to execute on the business plan, conducting discussions with and obtaining representations from the guarantors’ management with respect to their current and projected distribution amounts. Management reviews near-term (1 year) and long-term (5 years) distribution forecasts associated with the UMTH Class C and D units, cash flow from the indemnification agreement, cash flow from UMTHGS advisory fees and cash flow to UMTHLC to determine if the forecasted cash flows are sufficient to meet the obligations. The available cash flow from UMTH, as shown in the Historical Performance table below, indicates sufficient cash flow from the guarantors to service the Recourse Obligations and the Deficiency Note. In addition to the above mentioned collateral, the Company has a guaranty limited to a maximum of $10,582,336 from UMTH of all amounts due under the Recourse Obligations. At December 31, 2013, the remaining balance of the limited guaranty was approximately $2,770,000.
The UMTHLC deficiency note is secured by the guaranty of UMTHLC and the limited guaranty of UMTHGS including pledge of up to 33% of the advisory fee received by UMTHGS. The value of both the UMTHLC guarantee and the UMTHGS limited guarantee is determined by the cash flow associated with either UMTHLC or the amount of advisory fees earned by UMTHGS.
On a quarterly basis, the Company conducts a review of the collateral pledged by the underlying borrowers and third party guarantors in order to assess their ability to perform their obligations under the terms of the Recourse Obligations. The collateral pledged consists of class C and D ownership units of UMT Holdings, L.P. These units represent capital shares in UMT Holdings, L.P. and are eligible for, and receive, quarterly distributions from UMT Holdings, L.P. Such ability to perform is principally dependent upon the forecasted cash distributions associated with the pledged collateral and the ability of the distributions to meet the debt service requirements under the Secured Notes. The review includes analyzing projected future distribution sources and amounts, validating the assumptions used to generate such projections, assessing the ability to execute on the business plan, conducting discussions with and obtaining representations from the guarantors’ management with respect to their current and projected distribution amounts. The value of the pledged collateral is estimated using a discounted cash flow model that is reviewed and updated each quarter. Based on such reviews, the Company has concluded that the guarantors have the ability to perform under their repayment obligations and that the Recourse Obligations are fully realizable. Accordingly, the Company has not recorded any reserves on these loans.
The Secured Notes have also been guaranteed by the following entities under the arrangements described below, all of which are dated effective December 31, 2005:
	-	UMT Holdings. This guaranty was limited to a maximum of $10,582,336 of all amounts due under the Secured Notes. At December 31, 2013, the remaining balance of the limited guaranty was approximately $2,770,000.
	-	WLL, Ltd., a related party of CRG. This guaranty is of all amounts due under Secured Note from CRG, is non-recourse and is secured by an assignment of 2,492 Class C Units and 1,355 Class D units of limited partnership interest of UMT Holdings held by WLL, Ltd.
	-	RMC. This guaranty is non-recourse, is limited to 50% of all amounts due under the Secured Note from RAFC and is secured by an assignment of 3,870 Class C units of limited partnership interest of UMT Holdings.
	-	Wonder.  Wonder Funding obligations are evidenced by a note from RAFC (RAFC/Wonder Note) and are secured by a pledge of a certain Indemnification Agreement given by UMTH to RAFC and assigned to UMT in the amount of $1,134,000, which amount is included in the UMTH limited guarantee referenced above.
	-	SCMI. This guaranty is limited to a maximum of $2,213,000 due under the Secured Note from RAFC and is secured by an assignment of 2,213 Class C units of limited partnership interest of UMT Holdings.
	-	KLA, Ltd. KLA has given the following limited guaranties: (1) Guaranty of obligations of SCMI under the First Amended and Restated Secured Variable Amount Promissory Note to the Company dated as of October 1, 2007 with a then current principal balance of $3,472,073 and is secured by an assignment of 3,000 of Guarantor’s Class D units of partnership interest in UMT Holdings, L.P. (2) Guaranty of obligations of CRG under the First Amended and Restated Secured Variable Amount Promissory Note dated as of October 1, 2007 with a then current principal balance of $4,053,799 and is secured by a pledge of 1,355 of Guarantor’s Class D units of partnership interest in UMTH.
In addition, WLL, Ltd. has obligations to UMT Holdings under an indemnification agreement between UMT Holdings, WLL, Ltd. and William Lowe, under which UMT Holdings is indemnified for certain losses on loans and advances made to William Lowe by UMT Holdings. That indemnification agreement allows UMT Holdings to offset any amounts subject to indemnification against distributions made to WLL, Ltd. with respect to the Class C and Class D units of limited partnership interest held by WLL, Ltd. Because WLL, Ltd. has pledged these Class C and Class D units to the Company to secure its guaranty of Capital Reserve Corp.'s obligations under its Secured Note, UMT Holdings and the Company entered into an Intercreditor and Subordination Agreement under which UMT Holdings has agreed to subordinate its rights to offset amounts owed to it by WLL, Ltd. to the Company’s lien on such units.
Historical Performance
Management also considers historical cash flows and payment history to make an assessment of the collectability of the obligations. The table below depicts the historical cash flows for each obligor and the payment history under its obligation for the years ended December 31, 2013, 2012 and 2011. To date, the obligors have met all of their financial obligations to the Company.
		2013						2012						2011
Obligor		Cash Flow			Payments			Cash Flow			Payments			Cash Flow			Payments
UMTH (2),(3)		$	15,592,306		$	3,492,500		$	12,842,083		$	2,813,601		$	3,250,783		$	1,506,436
UDF (2),(4)		$	10,785,187		$	-		$	11,728,909		$	-		$	9,202,636		$	-
CRG (1)		$	172,884		$	172,884		$	171,641		$	171,641		$	-		$	-
RAFC (1)		$	589,816		$	589,816		$	583,796		$	583,796		$	-		$	-
SCMI (1)		$	91,833		$	91,833		$	390,343		$	90,343		$	300,000		$	-
Wonder (1)		$	87,957		$	87,957		$	86,556		$	86,556		$	-		$	-
	-1	Unaudited.
	-2	Audited.
	-3	Represents available cash flow for debt service and distributions. UMTH generates cash flow that is used to service the UMTHLC Deficiency Note and the Recourse obligations. Cash flow amount for 2013 is an estimate and is subject to change.
	-4	Represents principal payment proceeds received by UDF from its borrowers. These receipts are the sources used by UDF to repay its line of credit payable to the Company. Cash flow amount for 2013 is an estimate and is subject to change.
Based on its review of the quality and integrity of the security, the forecasted cash flows and the historical performance of each obligor, management has determined the cash flows of the obligor to be sufficient to meet the terms of the Recourse Obligations and Deficiency Notes.
These loans were reviewed by management and no reserves on principal amounts are deemed necessary at December 31, 2013 or 2012.
7) On June 20, 2006, the Company entered into a Second Amended and Restated Secured Line of Credit Promissory Note as modified by an amendment effective September 1, 2006 (the "Amendment") with UDF; a Nevada limited partnership that is a related party of the Company's Advisor, UMTHGS.  The Amendment increased an existing revolving line of credit facility ("Loan") to $45 million. The purpose of the Loan is to finance UDF's loans and investments in real estate development projects. On July 29, 2009, our trustees approved an amendment to increase the revolving line of credit facility to an amount not to exceed $60,000,000. Effective December 31, 2010, the loan was extended for a period of one year and the loan amount was increased from $60,000,000 to $75,000,000. Effective December 31, 2012, the loan was extended for a period of one year and matures on December 31, 2013.
The Loan is secured by the pledge of all of UDF's land development loans and equity investments pursuant to the First Amended and Restated Security Agreement dated as of September 30, 2004, executed by UDF in favor of UMT (the “Security Agreement”).  Those UDF loans may be first lien loans or subordinate loans.
The Loan interest rate is the lower of 15% or the highest rate allowed by law, further adjusted with the addition of a credit enhancement to a minimum of 14%.  Effective October 1, 2013, the loan was extended to December 31, 2014 and the base interest rate was decreased to a rate of 9.25%.
UDF may use the Loan proceeds to finance indebtedness associated with the acquisition of any assets to seek income that qualifies under the Real Estate Investment Trust provisions of the Internal Revenue Code to the extent such indebtedness, including indebtedness financed by funds advanced under the Loan and indebtedness financed by funds advanced from any other source, including Senior Debt, is no more than 85% of 80% (68%) of the appraised value of all subordinate loans and equity interests for land development and/or land acquisition owned by UDF and 75% for first lien secured loans for land development and/or acquisitions owned by UDF.
On September 19, 2008, UMT entered into an Economic Interest Participation Agreement with UDF III pursuant to which UDF III purchased (i) an economic interest in the $45,000,000 revolving credit facility (“Loan”) from UMT to UDF I and (ii) a purchase option to acquire a full ownership participation interest in the Loan (the “Option”). On July 29, 2009, our trustees approved an amendment to increase the revolving line of credit facility to an amount not to exceed $60,000,000. Effective December 31, 2010, the loan was extended for a period of one year and the loan amount was increased from $60,000,000 to $75,000,000. Effective December 31, 2012, the loan was extended for a period of one year and matures on December 31, 2013, and the loan amount was increased from $75,000,000 to $82,000,000. Effective October 1, 2013, the loan was further extended for a period of one year, and matures on December 31, 2014.
Pursuant to the Economic Interest Agreement, each time UDF requests an advance of principal under the UMT Loan, UDF III will fund the required amount to UMT and UDF III’s economic interest in the UMT Loan increases proportionately.  UDF III’s economic interest in the UMT Loan gives UDF III the right to receive payment from UMT of principal and accrued interest relating to amounts funded by UDF III to UMT which are applied towards UMT’s funding obligations to UDF under the UMT Loan.  UDF III may abate its funding obligations under the Economic Participation Agreement at any time for a period of up to twelve months by giving UMT notice of the abatement.
The Option gives UDF III the right to convert its economic interest into a full ownership participation interest in the UMT Loan at any time by giving written notice to UMT and paying an exercise price of $100.  The participation interest includes all rights incidental to ownership of the UMT Loan and the Security Agreement, including participation in the management and control of the UMT Loan.  UMT will continue to manage and control the UMT Loan while UDF III owns an economic interest in the UMT Loan.  If UDF III exercises its Option and acquires a participation interest in the UMT Loan, UMT will serve as the loan administrator but both UDF III and UMT will participate in the control and management of the UMT Loan. At December 31, 2013 and 2012 UDF III had outstanding approximately $78,575,000 and $81,385,000, respectively, to UDF under this agreement of which approximately $70,835,000 and $74,699,000 were outstanding under the Economic Interest Participation Agreement at December 31, 2013 and 2012, respectively.
On June 21, 2010, UDF entered into a new promissory note agreement with a private investor, the proceeds from which were used to pay off the Textron loan agreement in full. Pursuant with this transaction, the Company entered into a second amendment to our subordination and intercreditor agreement which subordinates the UMT loan to the new loan from the private investor, reducing the amount subject to subordination from $30,000,000 to $15,000,000.
The following table summarizes the lines of credit receivable, related parties, as of December 31, 2013 and 2012:
		2013			2012
UDF		$	7,739,000		$	6,686,000
UDF (UDF III Economic Interest Participation Agreement)			70,835,000			74,700,000
UMTH LC			7,577,000			7,561,000
Balance, end of year		$	86,151,000		$	88,947,000
8) Loans made to related parties of the Advisor. Below is a table of the aggregate principal amount of mortgages funded each year indicated, from the companies related to the Advisor, and named in the table and aggregate amount of draws made by UDF under the line of credit, during the three years indicated:
Related Party Company		2013			2012			2011
RAFC		$	-		$	-		$	1,000
UMTHLC		$	15,000		$	587,000		$	947,000
UDF		$	1,053,000		$	823,000		$	720,000
9) As of August 1, 2006, (now subject to an Advisory Agreement effective January 1, 2013) the Company entered into an Advisory Agreement with UMTHGS. Under the terms of the agreement, UMTHGS is paid a monthly trust administration fee. The fee is calculated monthly depending on the Company’s annual distribution rate, ranging from 1/12th of 1% up to 1/12th of 2% of the amount of average invested assets per month, however, our Advisor has limited annual the trust administration fee to the lesser of i) 1% of our average invested assets, or ii) $1,000,000.    During 2013, 2012, and 2011 the expenses for the Company’s Advisor were approximately $1,000,000, respectively, and actual payments made were approximately $1,125,000 $731,000, and $1,808,000, respectively. The Advisor and its related parties are also entitled to reimbursement of costs of goods, materials and services obtained from non-related third parties for the Company’s benefit, except for note servicing and for travel and expenses incurred in connection with efforts to acquire investments for the Company or to dispose of any of its investments. The Company paid the Advisor $86,000 as reimbursement for costs associated with providing shareholder relations activities during 2013 compared to $76,000 in both 2012 and 2011.
The agreement also provides for a subordinated incentive fee equal to 25% of the amount by which the Company’s net income for a year exceeds a 10% per annum non-compounded cumulative return on its adjusted contributions. No incentive fee was paid during 2013 or 2012. In addition, for each year in which it receives a subordinated incentive fee, the Advisor will receive a 5-year option to purchase 10,000 Shares at a price of $20.00 per share (not to exceed 50,000 shares). As of December 31, 2013 and 2012, the Advisor has not received options to purchase shares under this arrangement.
The Advisory Agreement provides for the Advisor to pay all of the Company’s expenses and for the Company to reimburse the Advisor for any third-party expenses that should have been paid by the Company but which were instead paid by the Advisor.  However, the Advisor remains obligated to pay: (1) the employment expenses of its employees, (2) its rent, utilities and other office expenses and (3) the cost of other items that are part of the Advisor's overhead that is directly related to the performance of services for which it otherwise receives fees from the Company.
The Advisory Agreement also provides for the Company to pay to the Advisor, or a related party of the Advisor, a debt placement fee.  The Company may engage the Advisor, or a related party of the Advisor, to negotiate lines of credit on behalf of the Company.  UMT shall pay a negotiated fee, not to exceed 1% of the amount of the line of credit secured, upon successful placement of the line of credit. The Company paid debt placement fees of approximately $150,000 in August 2013 and approximately, $43,000 and $50,000 in June and October 2011, respectively to a related party of the Advisor. These fees are amortized monthly, as an adjustment to interest expense, over the term of the credit facility agreements described in Note D. The Company amortized (expensed) approximately $52,000 and $42,000 of these fees in 2013 and 2012, respectively.
10) The Company pays loan servicing fees to PSC, a subsidiary of UMTH, under the terms of a Mortgage Servicing Agreement. The Company paid loan servicing fees of approximately $5,000, $19,000, and $21,000, during 2013, 2012, and 2011, respectively.
11) The Company pays “guarantee” credit enhancement fees to UDF III, related party of PSC and UDF, as specified under the terms of the UDF Guarantee agreement. In 2013, 2012 and 2011, the Company made cash payments in the amount of $78,000, $66,000, and $64,000, as compensation of said guarantee fees. In 2013, 2012 and 2011, the related credit enhancement expenses were approximately $77,000, $109,000, and $80,000, respectively.
12) Related parties UDF LOF, UDF IV and UDF X, are reimbursed for their degree of invested “participatory” interest in the Company’s construction loans, the degree of invested interest is not to succeed $2,000,000. The Company made payments of such participation interest, as a net amount against the construction loan interest, in 2013, 2012, and 2011, in the amounts of $791,000, $1,719,000, and $979,000, respectively.
13) The Company pays UMTH LD, administrative and origination fees, for the construction loans in which UDF related parties take an invested interest in. The fees are withheld from construction draws funded to the borrower, and are in turn paid directly to UMTH LD. In 2013, 2012, and 2011, payments were made for the above administrative and origination fees in the amounts of $201,000, $161,000, and $130,000, respectively.
The chart below summarizes the approximate payments associated with related parties for the twelve months ended December 31, 2013, 2012 and 2011:
Related Party Payments:
				For Twelve Months Ended
Payee		Purpose		December 31, 2013					December 31, 2012					December 31, 2011
UMTHGS		Trust administration fees		$	1,125,000		93	%	$	731,000		91	%	$	1,808,000		96	%
UMTHGS		General & administrative - Shareholder Relations			86,000		7	%		76,000		9	%		76,000		4	%
UMTHGS		General & administrative –Misc.			-		0	%		-		0	%		3,000		0	%
				$	1,211,000		100	%	$	807,000		100	%	$	1,887,000		100	%
PSC		Loan Servicing Fee		$	5,000		100	%	$	19,000		100	%	$	21,000		78	%
PSC		General & Administrative – Misc.			-		0	%		-		0	%		6,000		22	%
				$	5,000		100	%	$	19,000		100	%	$	27,000		100	%
UMTH		Debt Placement Fees			150,000		100	%		-		-			93,000		100	%
UDF III		Credit Enhancement Fees			78,000		100	%		66,000		100	%		64,000		100	%
UDF LOF		Participation Interest Paid			-		-			-		-			313,000		100	%
UDF IV		Participation Interest Paid			791,000		100	%		1,696,000		100	%		540,000		100	%
UDF X		Participation Interest Paid					-			23,000		100	%		126,000		100	%
UMTH LD		Admin and Origination Fees Paid			201,000		100	%		161,000		100	%		130,000		100	%
The chart below summarizes the approximate expenses associated with related parties for the twelve months ended December 31, 2013, 2012 and 2011:
Related Party Expenses:
				For Twelve Months Ended
Payee		Purpose		December 31, 2013						December 31, 2012						December 31, 2011
UMTHGS		Trust administration fees		$	1,000,000		93	%		$	1,000,000		93	%		$	1,000,000		93	%
UMTHGS		General & administrative - Shareholder Relations			76,000		7	%			76,000		7	%			76,000		7	%
UMTHGS		General & administrative –Misc.			1,000		0	%			2,000		0	%			3,000		0	%
				$	1,077,000		100	%		$	1,078,000		100	%		$	1,079,000		100	%
PSC		Loan Servicing Fee		$	5,000		100	%		$	19,000		100	%		$	21,000		75	%
PSC		General & Administrative – Misc.			-		-				-		-				7,000		25	%
				$	5,000		100	%		$	19,000		100	%		$	28,000		100	%
UMTH		Debt Placement Fees			52,000		100	%			42,000		100	%			25,000		100	%
UDF III		Credit Enhancement Fees			77,000		100	%			109,000		100	%			80,000		100	%

COMMITMENTS_AND_CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2013
Commitments and Contingencies Disclosure [Abstract]	'
Commitments and Contingencies Disclosure [Text Block]	'
	H.  COMMITMENTS AND CONTINGENCIES
	The Company’s shares of [common stock/beneficial interest] are not traded on an exchange. Below is a description of the Company’s Share Redemption Plan (“SRP”) and Dividend Reinvestment Plan (“DRP”). Also See Note L of these Notes to Consolidated Financial Statements for additional discussion of the SRP.
	On March 18, 2009, the Board approved certain modifications to the Company’s SRP and its DRP. Pursuant to the requirements of the SRP and the DRP, the Company sent its shareholders notice of amendment of the SRP and the DRP, both of which became effective on May 1, 2009. The modifications consisted of the following:
	Modifications to the Share Redemption Plan
	The redemption price is equal to the “Net Asset Value” (NAV) as of the end of the month prior to the month in which the redemption is made. The NAV will be established by the Board of Trustees no less frequently than each calendar quarter. For reference, at December 31, 2013 the NAV was $14.66 per share. Under the prior SRP, the redemption price was $20.00 per share. The Company will waive the one-year holding period ordinarily required for eligibility for redemption and will redeem shares for hardship requests. A “hardship” redemption is (i) upon the request of the estate, heir or beneficiary of a deceased shareholder made within two years of the death of the shareholder; (ii) upon the disability of a shareholder or such shareholder’s need for long-term care, providing that the condition causing such disability or need for long-term care was not pre-existing at the time the shareholder purchased the shares and that the request is made within 270 days after the onset of disability or the need for long- term care; and (iii) in the discretion of the Board of Trustees, due to other involuntary exigent circumstances of the shareholder, such as bankruptcy, provided that that the request is made within 270 days after of the event giving rise to such exigent circumstances. Previously, there was no hardship exemption. Shares will be redeemed quarterly in the order that they are presented. Any shares not redeemed in any quarter will be carried forward to the subsequent quarter unless the redemption request is withdrawn by the shareholder. Previously, shares were redeemed monthly. Repurchases are subject to cash availability and Trustee discretion. Currently our share redemptions are limited to death and medical hardship requests as approved by our trustees on a case-by-case basis. Previously, the SRP provided that repurchases were subject to the availability of cash from the DRP or the Company’s credit line.
	Modifications to the Dividend Reinvestment Plan (DRP)
	Effective May 1, 2009, our DRP share purchase price was set at the NAV. Previously, the share purchase price was $20.00 per share.

CONCENTRATION_OF_CREDIT

CONCENTRATION OF CREDIT	12 Months Ended
	Dec. 31, 2013
Risks and Uncertainties [Abstract]	'
Concentration Risk Disclosure [Text Block]	'
	I.  CONCENTRATION OF CREDIT
	Financial instruments that potentially expose the Company to concentrations of credit risk are primarily temporary cash equivalents, mortgage notes receivable, investment in trust receivable, line of credit receivable, deficiency notes and recourse obligations from related parties.  The Company maintains deposits in financial institutions that may at times exceed amounts covered by insurance provided by the U.S. Federal Deposit Insurance Corporation (“FDIC”). The Company has not experienced any losses related to amounts in excess of FDIC limits.
	At December 31, 2013, 2012, and 2011, approximately 38%, 42%, and 41%, respectively, of the Company’s interim mortgage investments were secured by property located in Texas. All of the Company’s mortgage investments are in the United States. At December 31, 2013, 2012, and 2011, approximately 61%, 57%, and 55%, respectively, of the Company’s interim mortgage investments were secured by property located in California.
	Interim loans made to related parties of the Company’s Advisor, lines of credit receivable, deficiency notes and recourse obligations are monitored by the Company for collectability, and the Company believes the unreserved amounts will be fully collectible.

QUARTERLY_FINANCIAL_DATA_UNAUD

QUARTERLY FINANCIAL DATA (UNAUDITED)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Quarterly Financial Information [Text Block]	'
	J. QUARTERLY FINANCIAL DATA (UNAUDITED)
	Selected financial data (unaudited) for the years ended December 31, 2013, 2012 and 2011 is set forth below:
	2013	Revenues		Net Income		Net Income Per Share Basic/Diluted		Weighted Average Shares
								Outstanding
	First quarter	$	1,338,295	$	82,572	$	0.01	6,438,493
	Second quarter		1,608,561		468,246		0.07	6,437,165
	Third quarter		1,417,877		383,412		0.06	6,437,171
	Fourth quarter		1,283,609		253,468		0.04	6,436,777
	For the year	$	5,648,342	$	1,187,698	$	0.18	6,437,428
	2012	Revenues		Net Income		Net Income Per Share Basic/Diluted		Weighted Average Shares
								Outstanding
	First quarter	$	1,175,271	$	250,613	$	0.04	6,439,120
	Second quarter		1,529,096		491,272		0.08	6,439,559
	Third quarter		1,338,634		339,505		0.05	6,439,657
	Fourth quarter		1,465,406		405,186		0.06	6,439,600
	For the year	$	5,508,407	$	1,486,576	$	0.23	6,439,528
	2011	Revenues		Net Income		Net Income Per Share Basic/Diluted		Weighted Average Shares
								Outstanding
	First quarter	$	1,356,812	$	574,999	$	0.09	6,429,327
	Second quarter		1,334,183		315,133		0.05	6,431,577
	Third quarter		1,246,677		347,656		0.05	6,434,600
	Fourth quarter		1,191,839		354,365		0.06	6,435,619
	For the year	$	5,129,511	$	1,592,153	$	0.25	6,432,781

SECURITIZATION_AND_SALE_OF_CLA

SECURITIZATION AND SALE OF CLASS A NOTES	12 Months Ended
	Dec. 31, 2013
Securitization And Sale Of Class Notes [Abstract]	'
Securitization And Sale Of Class Notes [Text Block]	'
	K. SECURITIZATION AND SALE OF CLASS A NOTES
	In April 2004, but effective January 1, 2004, United Mortgage Trust transferred certain residential mortgages and contracts for deed to a wholly-owned special purpose entity called UMT LT Trust (”UMTLT”), a Maryland real estate investment trust.
	On April 13, 2004, through UMTLT (“Seller”) and another newly created, wholly-owned subsidiary, UMT Funding Trust, a Maryland real estate investment trust, as the “Depositor”, the Company completed a securitization of $12,593,587 principal amount of mortgage loans through the private issuance of $9,455,520 in 9.25% Class A Notes (“Class A Notes”.) The Class A Notes, together with  $3,138,067 in Class B Certificates (the “Certificates” and collectively with the Class A Notes, the “Securities”) were issued by Wachovia Bank as “trustee” pursuant to a Trust Agreement dated as of April 1, 2004 between the Bank and the Depositor (the “Trust Agreement’). The Securities evidence the entire beneficial ownership interest in a trust fund created under the Trust Agreement, which consists of a pool of performing first lien residential mortgage loans (the “Mortgage Loans”) with an aggregate principal balance of $12,593,587 as of April 13, 2004. The Company transferred the Mortgage Loans to the Seller as a capital contribution and the Seller sold the Mortgage Loans to the Depositor pursuant to a Mortgage Loan Sale Agreement dated as of April 1, 2004 (“Mortgage Loan Sale Agreement”). The Class A Notes were sold pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended.
	The Depositor then sold the $9,455,520 of the 9.25% Class A Notes to Bayview Financial Trading Group, L.P. (“Bayview”), at one hundred percent (100%) of the original balance of the senior security (the Class A Notes) plus accrued interest from the cut-off date to the date of purchase pursuant to a Purchase Agreement dated as of April 13, 2004 between Bayview, the Depositor and us.  The Company accounted for this transaction as an asset sale at par value. The Class A Notes were sold pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended. The Certificates were retained by the Depositor.
	The Mortgage Loan Sale Agreement includes a right on the part of the Depositor to require the Seller to repurchase certain Mortgage Loans upon the Seller's breach of a representation or warranty with respect to certain characteristics of the Mortgage Loans.  The Company agreed to guarantee the obligations of the Seller under the Mortgage Loan Sale Agreement, including the obligation of the Seller to repurchase Mortgage Loans as to which the Seller has breached a representation or warranty. The Certificates give the Depositor the right to receive all remaining monthly interest after all payments due on the Class A Notes and all principal and interest on the Mortgage Loans after retirement of the Class A Notes. The securitization was not an off balance sheet transaction since the Depositor retained the Certificates and the Certificates are carried on the balance sheet.
	Simultaneously with the Depositor’s conveyance of the Mortgage Loans to the trustee and pursuant to the terms of a Servicing Rights Transfer Agreement dated as of April 1, 2004 the Company, as owner of the servicing rights to the Mortgage Loans, transferred the servicing rights to the Mortgage Loans to Bayview; and, pursuant to a Sub Servicing Agreement dated as of April 1, 2004, Prospect Service Corp. agreed to act as sub-servicer of the Mortgage Loans.
	The purpose for the securitization and sale was to (1) increase the yield on the residential mortgages and (2) realize cash to invest in Interim Loans and UDF.
	On January 28, 2005, UMTLT and UMT Funding Trust simultaneously entered into agreements for the securitization of $9,700,797 principal amount of our mortgage loans through the private issuance of $7,275,598 in 9.25% Class A Notes.  The purpose for the securitization was to (1) increase the yield on the residential mortgages and (2) realize cash to invest in interim loans and UDF.  The Notes, together with $2,425,199 in Certificates, were issued by Wachovia Bank as trustee pursuant to a Trust Agreement dated as of January 1, 2005 between the Bank and the Depositor, UMT Funding Trust (the “2005 Trust Agreement”). The Securities evidence the entire beneficial ownership interest in a trust fund created under the 2005 Trust Agreement, which consists of a pool of Mortgage Loans with an aggregate principal balance of $9,700,797 as of January 1, 2005. We transferred the Mortgage Loans (excluding the servicing rights) to the Seller as a capital contribution and the Seller sold the Mortgage Loans to the Depositor pursuant to a Mortgage Loan Sale Agreement dated as of January 1, 2005 (the “2005 Mortgage Loan Sale Agreement”).
	The Depositor then sold the $7,275,598 of the 9.25% Class A Notes to Bayview Financial, L.P. (“Investor”), at one hundred percent of the senior security (Class A Notes) plus accrued interest from the cut-off date to the date of purchase pursuant to a Purchase Agreement dated as of January 26, 2005 between the Investor, the Depositor and us. We accounted for this transaction as an asset sale at par value. The Notes were sold pursuant to an exemption from the registration requirements of the Securities Act of 1933, as amended. The Certificates were retained by the Depositor.
	The 2005 Mortgage Loan Sale Agreement includes a right on the part of the Depositor to require the Seller to repurchase certain Mortgage Loans upon the Seller’s breach of a representation or warranty with respect to certain characteristics of the Mortgage Loans. The Company agreed to guarantee the obligations of the Seller under the 2005 Mortgage Loan Sale Agreement, including the obligation of the Seller to repurchase Mortgage Loans as to which the Seller has breached a representation or warranty. The Certificates give the Depositor the right to receipt all remaining monthly interest after all payments due on the Class A Notes and all principal and interest on the Mortgage Loans after retirement of the Class A Notes. The securitization was not an off balance sheet transaction since the Depositor retained the Certificates and the Certificates are carried on the balance sheet.
	Simultaneously with the Depositor’s conveyance of the Mortgage Loans to the trustee and pursuant to the terms of a Servicing Rights Transfer Agreement dated as of January 1, 2005 the Company, as owner of the servicing rights to the Mortgage Loans, transferred the servicing rights to the Mortgage Loans to the Investor and, pursuant to a Sub Servicing Agreement dated as of January 1, 2005, Prospect Service Corp. agreed with the Investor to act as sub-servicer of the Mortgage Loans.
	The Company has rights to future cash flows arising after the Investor in the securitization trust has received the 9.25% return for which it contracted.
	Gain or loss on the sale of the mortgage loans depends in part on the previous carrying value of the loans involved in the transfer, allocated between the assets sold and the retained interests based on their relative fair market value at the date of transfer.  To obtain fair values, quoted market prices are used if available.  However, quotes were not available for the Company’s retained interests, so the Company estimated fair value based on the present value of future expected cash flows using management’s best estimate of the key assumptions: credit losses, prepayment rates and discount rates commensurate with the risks involved.  The Company used an expected weighted-average life of 4.2 years.  Based on expected credit losses of 4.2%, prepayment rate of 2.3% and a discount rate of 11.0%, no gain or loss was recognized related to the sale of these mortgage loans as the carrying value approximated the fair value at the date of the securitization.
	The sensitivity to an immediate 10% and 20% adverse change in the assumptions used to measure fair value of the securitized mortgage loans is as follows:
	FOR THE 2004 SECURITIZATION
	Prepayment speed assumption (annual rate):
	Impact on fair value of 10% adverse change	30,000
	Impact on fair value of 20% adverse change	60,000
	Expected credit losses (over remaining life of loans):
	Impact on fair value of 10% adverse change	68,000
	Impact on fair value of 20% adverse change	136,000
	Residual cash flows discount rate (annual):
	Impact on fair value of 10% adverse change	26,000
	Impact on fair value of 20% adverse change	52,000
	Because the Company’s carrying value of the 2005 securitization was fully amortized as of December 31, 2010, the adverse change assumptions have no impact on the carrying value of this securitization at December 31, 2013 or 2012. These sensitivities are hypothetical and should be used with caution.  Changes in fair value based on a 10% variation in assumptions generally cannot be extrapolated because the relationship of the change in assumption to the change in fair value may not be linear.  Also, in this table, the effect of a variation in a particular assumption on the fair value of the retained interest is calculated without changing any other assumption. In reality, changes in one factor may result in changes in another (for example, increases in market interest rates may result in lower prepayments and increased credit losses), which might magnify or counteract the sensitivities.

SHARE_REDEMPTION_PLAN

SHARE REDEMPTION PLAN	12 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Stockholders' Equity Note Disclosure [Text Block]	'
	L. SHARE REDEMPTION PLAN
	There is currently no established public trading market for our shares. As an alternative means of providing limited liquidity for our shareholders, we maintain a Share Redemption Plan.  Our trustees have the discretion to modify or terminate the SRP upon 30 days’ notice. Under the terms of our plan as modified and effective on May 1, 2009 (see below for a further description of the plan modifications), shareholders who have held their shares for at least one year are eligible to request that we repurchase their shares. In any consecutive 12 month period we may not repurchase more than 5% of the outstanding shares at the beginning of the 12 month period. The repurchase price is based on the NAV as of the end of the month prior to the month in which the redemption is made. The NAV will be established by our Board of Trustees no less frequently than each calendar quarter. For reference, at December 31, 2013 and 2012 the NAV was $14.66 and $15.06 per share, respectively. Under the prior SRP terms, the redemption price was $20.00 per share. The Company will waive the one-year holding period ordinarily required for eligibility for redemption and will redeem shares for hardship requests. A “hardship” redemption is (i) upon the request of the estate, heir or beneficiary of a deceased shareholder made within two years of the death of the shareholder; (ii) upon the disability of a shareholder or such shareholder’s need for long-term care, providing that the condition causing such disability or need for long-term care was not pre-existing at the time the shareholder purchased the shares and that the request is made within 270 days after the onset of disability or the need for long-term care; and (iii) in the discretion of the Board of Trustees, due to other involuntary exigent circumstances of the shareholder, such as bankruptcy, provided that the request is made within 270 days after of the event giving rise to such exigent circumstances. Previously, there was no hardship exemption. Shares will be redeemed quarterly in the order that they are presented. Any shares not redeemed in any quarter will be carried forward to the subsequent quarter unless the redemption request is withdrawn by the shareholder. Previously, shares were redeemed monthly. Repurchases are subject to cash availability and Trustee discretion. Currently our share redemptions are limited to death and medical hardship requests as approved by our trustees on a case-by-case basis. Previously, the SRP provided that repurchases were subject to the availability of cash from the DRP or the Company’s credit line. We have also purchased a limited number of shares outside of our SRP from shareholders with special hardship considerations.
	Share repurchases have been at prices of $14.76 to $20.00 through our SRP. Shares repurchased for less than $20 per share were 1) shares held by shareholders for less than 12 months 2) shares purchased outside of our Share Redemption Program prior to the May 1, 2009 modifications to our SRP or 3) shares purchased under our SRP subsequent to the May 1, 2009 modifications to our SRP.
	Prior to May 1, 2009 the redemption price was $20 based on the determination of our Board of Trustees regarding the value of the shares with reference to our book value, our operations to date and general market and economic conditions. Subsequent to May 1, 2009, the redemption price was equal to the NAV as of the end of the quarter in which the redemption was made.
	The Company complies with Distinguishing Liabilities from Equity topic of ASC, which requires, among other things, that financial instruments that represent a mandatory obligation of the Company to repurchase shares be classified as liabilities and reported at settlement value. The Company believes that shares tendered for redemption by the shareholder under the Company’s share redemption program do not represent a mandatory obligation until such redemptions are approved at the discretion of our board of trustees. At such time, the Company will reclassify such obligations from equity to an accrued liability based upon their respective settlement values. As of December 31, 2013, the Company had no approved and unpaid redemption requests included in liabilities.
	The following table summarizes the share repurchases made in 2013:
	Month	Total number of shares	Average Purchase		Total number of shares	Total number of shares
		repurchased	Price		purchased as part of a	purchased outside of
					publicly announced plan	plan
	January	1,823	$	15.14	1,823	-
	February	2,385	$	15.14	2,385	-
	March	1,618	$	15.14	1,618	-
	April	1,662	$	15.1	1,662	-
	May	1,267	$	15	1,267
	June	1,384	$	14.92	1,384	-
	July	1,046	$	14.92	1,046	-
	August	1,281	$	14.89	1,281	-
	September	1,024	$	14.85	1,024	-
	October	2,118	$	14.9	2,118	-
	November	1,307	$	14.83	1,307	-
	December	932	$	14.76	932	-
	Totals	17,847	$	15.01	17,847	-

SUBSEQUENT_EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2013
Subsequent Events [Abstract]	'
Subsequent Events [Text Block]	'
	M. SUBSEQUENT EVENTS
	Effective January 1, 2014, the Company executed a mutual Settlement and Release Agreement with Mortgage Trust Advisors, Inc. (“MTA”), a Texas corporation, in which UMT will pay to MTA a total of $145,000, in quarterly payments, beginning April 1, 2014. The Company recognized this expense in prior years and accrued this amount in accounts payable and accrued liabilities in the consolidated balance sheet.

SUMMARY_OF_SIGNIFICANT_ACCOUNT1

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Basis of Accounting, Policy [Policy Text Block]	'
	BASIS OF ACCOUNTING
	The accounts are maintained and the consolidated financial statements have been prepared using the accrual basis of accounting in accordance with accounting principles generally accepted in the United States of America.
Consolidation, Policy [Policy Text Block]	'
	PRINCIPLES OF CONSOLIDATION
	The consolidated financial statements include the accounts of the Company and its wholly-owned subsidiaries: UMT HF, UMT HF II, UMT HF III, UMT URHF, UMT LT Trust, UMT Properties, LP and UMT 15th Street, LP. All significant intercompany accounts and transactions have been eliminated.
Use of Estimates, Policy [Policy Text Block]	'
	USE OF ESTIMATES
	The preparation of consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect certain reported amounts in consolidated financial statements and accompanying notes. Actual results could differ from these estimates and assumptions.
Cash and Cash Equivalents, Policy [Policy Text Block]	'
	CASH AND CASH EQUIVALENTS
	The Company considers all highly liquid investments with a maturity of three months or less when purchased to be cash equivalents.
Residential Mortgages Contracts For Deed And Interim Loans [Policy Text Block]	'
	RESIDENTIAL MORTGAGES, CONTRACTS FOR DEED AND INTERIM LOANS
	Residential mortgages, contracts for deed and interim loans are recorded at the lower of cost or estimated net realizable value, net of discounts and loan acquisition costs paid to the Advisor. The Mortgage Investments are collateralized by real property owned by the borrowers.
	The majority of residential mortgages and contracts for deed are 360 month real estate lien notes that are purchased by the Company from several sources, including SCMI, a related party of the Advisor. Interim loans are real estate lien notes purchased by the Company from various sources including related parties of the Advisor. Interim loans have terms of 12 months or less. The Company is not a loan originator nor does it purchase Mortgage Investments for resale. The Company intends to hold Mortgage Investments to maturity.
	Generally, the Company does not retain servicing rights on its Mortgage Investments. The Company relies on various servicing sources, including related party companies, to service its Mortgage Investments.
Interest Income Accrual [Policy Text Block]	'
	INTEREST INCOME ACCRUAL
	The Company’s portfolio of residential mortgages, contracts for deed, interim loans and lines of credit produce monthly interest income; however, the Company may not receive interest income on a particular loan if a borrower fails to make its monthly interest payment.
	The Company has two types of loans and its accrual method differs for them: Nonrecourse Loans and Recourse Loans.
	A Nonrecourse Loan is one that is not currently covered under a recourse agreement. The majority of the Company’s Nonrecourse Loans are residential mortgages and contracts for deed.
	A Recourse Loan is one that is covered under a recourse agreement that obligates either a third party guaranteeing the performance of a loan, or a borrower that has made a corresponding loan to another party (the "underlying borrower"), to repay the loan to the Company if the underlying borrower defaults. The majority of the Company’s Recourse Loans are interim loans made to borrowers that make corresponding loans which are pledged to the Company as security for the borrower's obligations to the Company. All loans that the Company makes to related parties of its Advisor are Recourse Loans.
	There is no assurance that the interest income accrued by the Company will be paid by a borrower.  When income is accrued with respect to a foreclosed loan, the Company sells the mortgaged property and receives proceeds from the sale. The Company first applies the proceeds to any accrued interest related to the loan and then applies the balance of the proceeds to the outstanding loan balance. If the proceeds from the sale of the property are not sufficient to reduce the outstanding loan balance to zero, the remaining balance is referred to as the “charge-off amount.” The charge-off amount is recorded against the mortgage investment loss reserve: accrued interest income, plus the outstanding loan balance, less proceeds from the sale of the property equals the amount charged-off against loss reserves.
	With respect to Nonrecourse Loans, the Company will accrue interest, if based on the underlying borrower’s payment history and based on analysis by the loan servicing staff, when applicable, it is determined that the likelihood of an interest payment being made is probable. The Company will cease accruing interest when the likelihood that an interest payment will be made is less than probable, generally if a payment is more than 90 days past due or when, in the opinion of management, a full recovery of income and principal becomes doubtful based on a review of economic conditions, the estimated value of the underlying collateral and other relevant factors. If and when the loan is foreclosed, the Company no longer considers the property to be income producing and reclassifies it as foreclosed. Income recognition is resumed when the loan becomes contractually current and performance is demonstrated to be resumed. Any payments received on loans classified as non-accrual status are typically applied first to outstanding loan amounts and then to the recovery of lost interest.
	With respect to Recourse Loans, the Company’s borrower, or a guarantor, is obligated to pay all interest accrued and principal at the end of the loan term, or extensions thereof. As a result, the Company continues to accrue interest on recourse loans even if the likelihood that the underlying borrower will make an interest payment is less than probable, provide management believes it is probable that the originating company will make an interest payment. Interest on Recourse Loans continues to accrue until the loan is fully paid off.
	Deficiency Notes originate from the foreclosure of a Recourse Loan and subsequent sale of the collateral which results in proceeds that are insufficient to discharge the outstanding balance, in which case the originating company delivers to the Company an unsecured deficiency note in the amount of the deficiency.
	In July 2010, the Company began reserving for the interest income earned on certain receivables with the intent to recognize this interest income on a cash basis once payments resumed. Payments resumed in 2012 and a total of approximately $649,000 and $812,000 of interest payments were received and recognized in 2013, and 2012, respectively. Reserves for accrued interest receivable were approximately $3,693,000 and $2,975,000 at December 31, 2013 and 2012, respectively.
Loans and Leases Receivable, Allowance for Loan Losses Policy [Policy Text Block]	'
	LOAN LOSS RESERVES
	Loan loss reserves are established when it becomes clear that the current market value of foreclosed properties is less than the outstanding balances of loans plus accrued interest. A loan loss reserve is created based on a three year look back of default rates. It is calculated as the difference between the outstanding loan balance of a foreclosed property, plus accrued interest income, less the estimated proceeds from the sale of the foreclosed property. The Company’s three year historical default rate for residential mortgages and contracts for deed is approximately 1.27% of the remaining outstanding unpaid principal balance of the loans it owns outright, excluding the securitized loans. The Company’s three year historical default rate for interim mortgages is approximately 0.03%. The Company charges additions to the loan loss reserves to current period earnings through a provision for loan losses. Amounts determined to be uncollectible are charged directly against, or “charged-off and decrease the loan loss reserves, while amounts recovered on previously charged off accounts increase the reserve.
	The changes in the reserve for loan losses during the years ended December 31, 2013, 2012, and 2011are summarized as follows:
	Walk forward of Loan Loss Reserves:		2013		2012		2011
	Balance, beginning of year		$	3,061,000	$	5,714,000	$	5,233,000
	Provision for loan losses			1,357,000		958,000		720,000
	Reduction of values of foreclosed mortgages and loans charged off			-1,863,000		-3,611,000		-239,000
	Balance, end of year		$	2,555,000	$	3,061,000	$	5,714,000
	The following table summarizes the Company’s reserve balances as of December 31, 2013, 2012 and 2011:
	Reconciliation to Consolidated Balance Sheets :		2013		2012		2011
	Amounts included in reserves – deficiency notes		$	1,736,000	$	2,247,000	$	4,758,000
	Amounts included in real estate owned, net (1)			691,000		500,000		616,000
	Amounts included in mortgage investments – allowance for loan losses			128,000		314,000		340,000
	Balance, end of year		$	2,555,000	$	3,061,000	$	5,714,000
	(1) Real estate owned is presented net of reserves in the accompanying consolidated financial statements.
	In December of 2006 the Company ceased funding interim loans for the construction of single family homes (“Construction Loans”). Prior to December of 2006 the Company funded these Interim Loans through a non-related party lender, Residential Development Corp. (“RDC”). Throughout 2007 and 2008, we experienced increased delinquency and foreclosures on loans previously funded to RDC and implemented the following actions with regard to RDC:
		·	Ceased funding loans to RDC
		·	Began aggressive liquidation of properties securing non-performing loans
		·	Engaged the services of asset managers to assist in the management of RDC delinquencies and liquidation of RDC assets
		·	Began detailed examination of RDC lending practices and collateral positions
		·	Re-evaluated market values of properties securing the RDC loans
		·	Began review of all recourse afforded the Company by RDC and its principal owner
	The Company continued these efforts throughout 2013 and 2012 and will continue until the RDC foreclosed property portfolio is fully liquidated. As of December 31, 2009, the remainder of the RDC Interim Loans were foreclosed and all acquired assets were reflected as real estate owned in the accompanying consolidated financial statements. As of December 31, 2013 and 2012, the balance of RDC assets included in real estate owned was approximately $369,000 and $680,000, respectively, net of reserves of $48,000 and approximately $42,000, respectively, for the same periods. As of December 31, 2013, the portion of Deficiency Notes and Reserves – Deficiency Notes, applicable to the RDC portfolio was approximately $3,251,000 and $1,736,000, respectively. As of December 31, 2012, the portion of Deficiency Notes and Reserves – Deficiency Notes, applicable to the RDC portfolio was approximately $4,396,000 and $2,247,000, respectively. In the event that aggressive liquidation of the portfolio may result in additional losses, we will provide for additional reserves as needed.
Accounting For Disposition Of Foreclosed Properties [Policy Text Block]	'
	ACCOUNTING FOR AND DISPOSITION OF FORECLOSED PROPERTIES
	The Company follows the accounting and reporting standards for foreclosed real estate as set forth in the Financial Accounting Standards Board Accounting Standards Codification (”ASC”) Topic 310-40, Accounting for Troubled Debt Restructurings by Creditors, and ASC Topic 360-10, Accounting for the Impairment or Disposal of Long-Lived Assets. When the Company takes possession of real estate through foreclosure it is classified as Real Estate Owned (“REO”) at the lower of the fair market value of the asset, less estimated selling costs, or the cost basis of the asset. For assets that are not subject to a recourse agreement, any excess of the cost basis of the asset over the fair value of the asset less the estimated selling costs of the asset is recognized as a loss, to the extent it is not offset against existing allowances for uncollectible amounts or other valuation allowances, at the time of foreclosure. Additional direct costs incurred during foreclosure such as legal fees are included in expense when incurred. For loans that are subject to a recourse obligation, any excess of the cost basis of the asset over the fair value of the asset minus the estimated selling costs of the asset is added to the obligor’s recourse obligation. The Company attempts to resell the property to recover all costs associated with the default, including legal fees, transaction costs, and repair expenses. Upon sale of the property, a gain or loss is recognized. If a foreclosed loan is subject to a recourse agreement with a non-related party borrower and is not fully repaid, the borrower delivers a new promissory note to the Company in the amount of the deficiency. These promissory notes are paid in installments.
	The Company receives nominal rental revenue from certain foreclosed properties. As these revenues are immaterial relative to the Company’s total revenues and gross REO expenses and such revenues are ancillary to the Company’s core business, any revenues generated by REO properties held for sale are reflected as a contra expense and offset a portion of the expenses incurred to maintain the foreclosed properties.
	In accordance with the reporting requirements of ASC Topic 310, Accounting for Troubled Debt Restructurings by Creditors, and ASC Topic 360, Accounting for the Impairment or Disposal of Long-Lived Assets, foreclosed property received in full or partial satisfaction of a loan is recorded at the lower of the fair market value of the property at the time of foreclosure, less the selling costs or the cost basis of the property. For loans that are not subject to a recourse agreement, any excess of the recorded investment in the foreclosed loan over the fair value of the asset is recognized as a loss, to the extent it is not offset against existing allowances for uncollectible amounts or other valuation allowances, at the time of foreclosure. Additional direct costs incurred during foreclosure such as legal fees are included in expense when incurred. For assets covered by a recourse obligation, the obligor delivers a new promissory note to the Company in the amount of the deficiency. These promissory notes are paid in installments. The foreclosed property portfolio is reviewed quarterly and any additional costs or other losses associated with maintaining a foreclosed property are recognized when they become known and estimable. Upon sale of a foreclosed property, any additional losses realized are recognized immediately. Any gains realized upon the sale of a foreclosed property are deferred until such time as the Company’s economic earning process is completed for that property.
Income Tax, Policy [Policy Text Block]	'
	INCOME TAXES
	The Company intends to continue to qualify as a REIT under the Internal Revenue Code of 1986 the (“Code”) as amended. A REIT is generally not subject to federal income tax on that portion of its REIT taxable income (“Taxable Income”) that is distributed to its shareholders provided that at least 90% of Taxable Income is distributed. No provision for taxes has been made in the consolidated financial statements, as the Company believes it is in compliance with the requirements in the Code for the treatment as a REIT. The dividend (earnings) portions of distributions paid to shareholders are considered ordinary income for income tax purposes.
	ASC 740 prescribes a comprehensive model for the financial statement recognition, measurement, presentation and disclosure of uncertain tax positions taken or expected to be taken in income tax returns. In accordance with ASC 740, we must determine whether it is more likely than not that a tax position will be sustained upon examination based on the technical merits of the position. We believe we have no such uncertain positions.
	We file income tax returns in the United States federal jurisdiction. At December 31, 2013, tax returns related to fiscal years ended December 31, 2010 through December 31, 2012 remain open to possible examination by the tax authorities. No tax returns are currently under examination by any tax authorities. We did not incur any penalties or interest during the years ended December 31, 2013 and 2012.
Earnings Per Share, Policy [Policy Text Block]	'
	EARNINGS PER SHARE
	ASC 260, Earnings per Share, provides for the calculation of basic and diluted earnings per share.  Basic earnings per share include no dilution and are computed by dividing income available to shareholders by the weighted average number of shares outstanding for the period. Dilutive earnings per share reflect the potential dilution of securities that could share in the earnings of the Company.  Because the Company’s potential dilutive securities are not dilutive, the accompanying presentation is only of basic earnings per share.
Distribution [Policy Text Block]	'
	DISTRIBUTION POLICY AND DISTRIBUTIONS DECLARED
	The Company makes distributions each year (not including return of capital for federal income tax purposes) equal to at least 90% of the REIT’s Taxable Income.  Since September 1997 the Company has made monthly distributions to its shareholders and intends to continue doing so. The trustees declare the distribution rate quarterly and distributions are made at the rate declared at the end of the following month for shareholders of record as of the 15th day of the preceding month. The Company distributed 314% 251%, and 234% of earnings during 2013 2012, and 2011, respectively, and made distributions in excess of earnings of 214%, 151%, and 134% during 2013, 2012, and 2011, respectively.
Fair Value of Financial Instruments, Policy [Policy Text Block]	'
	FAIR VALUE OF FINANCIAL INSTRUMENTS
	In accordance with the reporting requirements of ASC 825, Disclosures About Fair Value of Financial Instruments, the Company calculates the fair value of its assets and liabilities that qualify as financial instruments under this statement and includes additional information in notes to the Company’s consolidated financial statements when the fair value is different than the carrying value of those financial instruments. The estimated fair value of accrued interest receivable, accrued interest receivable from related parties, accounts payable and accrued liabilities (including related parties) approximate the carrying value due to the relatively short maturity of these instruments. The carrying value of residential mortgages, interim mortgages (including related parties), lines of credit receivable (including related parties), recourse obligations from related parties, deficiency notes (including related parties) and lines of credit payable also approximate fair value since these instruments bear market rates of interest. None of these instruments are held for trading purposes.

SUMMARY_OF_SIGNIFICANT_ACCOUNT2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2013
Accounting Policies [Abstract]	'
Allowance for Credit Losses on Financing Receivables [Table Text Block]	'
	The changes in the reserve for loan losses during the years ended December 31, 2013, 2012, and 2011are summarized as follows:
	Walk forward of Loan Loss Reserves:	2013		2012		2011
	Balance, beginning of year	$	3,061,000	$	5,714,000	$	5,233,000
	Provision for loan losses		1,357,000		958,000		720,000
	Reduction of values of foreclosed mortgages and loans charged off		-1,863,000		-3,611,000		-239,000
	Balance, end of year	$	2,555,000	$	3,061,000	$	5,714,000
Schedule Of Allowance For Loans And Leases Receivable [Table Text Block]	'
	The following table summarizes the Company’s reserve balances as of December 31, 2013, 2012 and 2011:
	Reconciliation to Consolidated Balance Sheets :	2013		2012		2011
	Amounts included in reserves – deficiency notes	$	1,736,000	$	2,247,000	$	4,758,000
	Amounts included in real estate owned, net (1)		691,000		500,000		616,000
	Amounts included in mortgage investments – allowance for loan losses		128,000		314,000		340,000
	Balance, end of year	$	2,555,000	$	3,061,000	$	5,714,000
	(1) Real estate owned is presented net of reserves in the accompanying consolidated financial statements.

LINES_OF_CREDIT_PAYABLE_Tables

LINES OF CREDIT PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule of Maturities of Long-term Debt [Table Text Block]	'
	Below is a Five Year Maturity Schedule of all lines of credit payable:
		2014		2015		2016		2017		2018		Thereafter		Total
	Lines of Credit Payable Maturity	$	2,139,000	$	4,377,000	$	1,167,000	$	-	$	-	$	-	$	7,683,000

NOTES_PAYABLE_Tables

NOTES PAYABLE (Tables)	12 Months Ended
	Dec. 31, 2013
Debt Disclosure [Abstract]	'
Schedule Of Maturities Of Notes Payable [Table Text Block]	'
	Below is a Five Year Maturity Schedule of all notes payable:
		2014		2015		2016		2017		2018		Thereafter		Total
	Notes Payable Maturity		-	$	569,000	$	300,000	$	752,500	$	4,569,500	$	-	$	6,191,000

OPTIONS_TO_PURCHASE_SHARES_OF_1

OPTIONS TO PURCHASE SHARES OF BENEFICIAL INTEREST (Tables)	12 Months Ended
	Dec. 31, 2013
Options To Purchase Shares Of Beneficial Interest [Abstract]	'
Schedule of Share-based Compensation, Stock Options, Activity [Table Text Block]	'
	Following is a summary of the option transactions:
		2013		2012		2011
	Outstanding at beginning of year		60,000		55,000		45,000
	Granted		12,500		12,500		12,500
	Expired		-10,000		-7,500		-2,500
	Exercised		-		-		-
	Outstanding at end of year		62,500		60,000		55,000
	Exercisable at end of year		62,500		60,000		55,000
	Exercise price per share	$	20	$	20	$	20

RELATED_PARTY_TRANSACTIONS_Tab

RELATED PARTY TRANSACTIONS (Tables)	12 Months Ended
	Dec. 31, 2013
Related Party Transactions [Abstract]	'
Schedule Of Related Party Governance And Affiliate Relationships [Table Text Block]	'
	The following table details the governance and ownership aspects of above related party relationships:
	United Mortgage Trust Related Party Relationships
	Company		Affiliation		Governance		Ownership
	UMT Holdings, L.P. ("UMTH")		99.9% owner of our borrower, UMTHLC and our advisor, UMTHGS		UMT Services, Inc. serves as General Partner		10 Limited Partners
	UMTH Lending Company, L.P. ("UMTHLC")		Borrower		UMT Services, Inc. serves as General Partner		99.9% owned by UMTH
	UMTH Land Development, L.P. ("UMTHLD")		Asset Manager for UDF I and General Partner of UDF III		UMT Services, Inc. serves as General Partner		99.9% owned by UMTH
	United Development Funding, L.P. ("UDF I")		Borrower		United Development Funding, Inc., serves as General Partner		41 Limited Partners
	United Development Funding III, L.P. ("UDF III")		Loan Participant		UMTHLD serves as General Partner		9003 Limited Partners
	Capital Reserve Group, Inc. ("CRG")		Borrower		2 UMTH Limited Partners serve as directors		Owned by 2 UMTH Limited Partners
	Ready America Funding Corp. ("RAFC")		Borrower		2 UMTH Limited Partners serve as directors		Beneficially owned by 2 UMTH Limited Partners
	South Central Mortgage, Inc. ("SCMI")		Note Seller		One UMTH Limited Partner serves as director		Beneficially owned by 1 UMTH Limited Partner
	Wonder Funding, L.P. ("Wonder")		Borrower		One UMTH Limited Partner serves as director		Beneficially owned by 1 UMTH Limited Partner
Schedule Of Related Party Loans And Obligations [Table Text Block]	'
	The following table summarizes our related party loans and obligations and corresponding outstanding balances as of December 31, 2013 and 2012. The amounts shown in the table below are included in the consolidated balance sheets.
			2013			2012			Collateral
	Interim loans, related parties
	RAFC		$	16,282,339		$	16,285,448		Real estate
	Total			16,282,339			16,285,448
	Lines of credit receivable, related parties
	UDF I		$	7,739,415		$	6,686,096		Land development loans and equity investments
	UDFI (UDF III economic interest participation agreement)			70,835,104			74,699,298		Land development loans and equity investments
	UMTHLC			7,576,966			7,561,966		Real estate
	Total		$	86,151,485		$	88,947,360
	Recourse obligations, related parties
	CRG		$	4,504,544		$	4,521,893		Pledge of equity interest & limited guaranty
	RAFC			10,170,196			8,502,333		Pledge of equity interest & limited guaranty
	SCMI			3,448,002			3,476,639		Pledge of equity interest & limited guaranty
	RAFC/Wonder			1,971,536			1,998,964		Pledge of equity interest & limited guaranty
	Total		$	20,094,278		$	18,499,829
	Deficiency note, related party
	UMTHLC		$	29,295,567		$	29,958,940		Guaranty
Schedule Of Recourse Obligations, Related Party [Table Text Block]	'
	The table below depicts the remaining collateral value securing the Recourse Obligations at December 31, 2013.
	Name		Initial			Balance at			Promissory			Units pledged as			C Units			Units remaining		Estimated
			principal			December 31,			Note			security			distributed					Collateral
			amount			2013			principal						during 2013					Value (3)
									amount (2)
	CRG		$	2,725,442		$	4,504,544		$	4,300,000			4,984 Class C and 2,710 Class D			142		2,399 Class C and 2,710 Class D		$	4,690,000
	RAFC		$	3,243,369		$	10,170,196		$	7,100,000			11,228Class C, 6,659 Class D			516		8,694 Class C and 6,659 Class D		$	10,299,000
	SCMI		$	3,295,422		$	3,448,002		$	3,488,643			4,545 Class C and 3,000 Class D			58		985 Class C and 3,000 Class D		$	3,873,000
	RAFC / Wonder(1)		$	1,348,464		$	1,971,536		$	1,400,000			1,657 Class C			88		1,482 Class C		$	1,482,000
	Wonder Indemnification (1)			n/a			n/a			n/a		$	1,134,000			-		n/a		$	822,000
	Totals		$	10,612,697		$	20,094,278		$	16,288,643										$	21,166,000
		-1	Wonder is collateralized by an indemnification agreement from RMC in the amount of $1,134,000, which includes the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.
		-2	The CRG, RAFC and Wonder balances at December 31, 2013 exceeded the stated principal amount per their variable Secured Notes by approximately $205,000, $3,070,000 and $572,000, respectively. Per the terms of the Secured Notes, the unpaid principal balance may be greater or less than the initial principal amount of the note and is not considered an event of default.  The rapid rate of liquidation of the remaining portfolio of properties caused a more rapid increase in the Unpaid Principal Balance (“UPB”) than we originally anticipated and outpaced the minimum principal reductions scheduled for the loans.
		-3	Estimated collateral value reflects pledge of D units of limited partnership interest of UMTH held by WLL, Ltd., RAFC and KLA, Ltd. UMTH D units represent equity interests in UMT Holdings, LP. Pledge of the UMTH D units entitles the beneficiary to a pro-rata share of UMTH partnership D unit cash distributions
Schedule Of Related Party Loans Cash Flow [Table Text Block]	'
	The table below depicts the historical cash flows for each obligor and the payment history under its obligation for the years ended December 31, 2013, 2012 and 2011. To date, the obligors have met all of their financial obligations to the Company.
			2013						2012						2011
	Obligor		Cash Flow			Payments			Cash Flow			Payments			Cash Flow			Payments
	UMTH (2),(3)		$	15,592,306		$	3,492,500		$	12,842,083		$	2,813,601		$	3,250,783		$	1,506,436
	UDF (2),(4)		$	10,785,187		$	-		$	11,728,909		$	-		$	9,202,636		$	-
	CRG (1)		$	172,884		$	172,884		$	171,641		$	171,641		$	-		$	-
	RAFC (1)		$	589,816		$	589,816		$	583,796		$	583,796		$	-		$	-
	SCMI (1)		$	91,833		$	91,833		$	390,343		$	90,343		$	300,000		$	-
	Wonder (1)		$	87,957		$	87,957		$	86,556		$	86,556		$	-		$	-
		-1	Unaudited.
		-2	Audited.
		-3	Represents available cash flow for debt service and distributions. UMTH generates cash flow that is used to service the UMTHLC Deficiency Note and the Recourse obligations. Cash flow amount for 2013 is an estimate and is subject to change.
		-4	Represents principal payment proceeds received by UDF from its borrowers. These receipts are the sources used by UDF to repay its line of credit payable to the Company. Cash flow amount for 2013 is an estimate and is subject to change.
Schedule Of Affiliate Lines Of Credit Receivable [Table Text Block]	'
	The following table summarizes the lines of credit receivable, related parties, as of December 31, 2013 and 2012:
			2013			2012
	UDF		$	7,739,000		$	6,686,000
	UDF (UDF III Economic Interest Participation Agreement)			70,835,000			74,700,000
	UMTH LC			7,577,000			7,561,000
	Balance, end of year		$	86,151,000		$	88,947,000
Schedule Of Loan Made To Affiliate [Table Text Block]	'
	Below is a table of the aggregate principal amount of mortgages funded each year indicated, from the companies related to the Advisor, and named in the table and aggregate amount of draws made by UDF under the line of credit, during the three years indicated:
	Related Party Company		2013			2012			2011
	RAFC		$	-		$	-		$	1,000
	UMTHLC		$	15,000		$	587,000		$	947,000
	UDF		$	1,053,000		$	823,000		$	720,000
Schedule of Related Party Transactions [Table Text Block]	'
	The chart below summarizes the approximate payments associated with related parties for the twelve months ended December 31, 2013, 2012 and 2011:
	Related Party Payments:
					For Twelve Months Ended
	Payee		Purpose		December 31, 2013					December 31, 2012					December 31, 2011
	UMTHGS		Trust administration fees		$	1,125,000		93	%	$	731,000		91	%	$	1,808,000		96	%
	UMTHGS		General & administrative - Shareholder Relations			86,000		7	%		76,000		9	%		76,000		4	%
	UMTHGS		General & administrative –Misc.			-		0	%		-		0	%		3,000		0	%
					$	1,211,000		100	%	$	807,000		100	%	$	1,887,000		100	%
	PSC		Loan Servicing Fee		$	5,000		100	%	$	19,000		100	%	$	21,000		78	%
	PSC		General & Administrative – Misc.			-		0	%		-		0	%		6,000		22	%
					$	5,000		100	%	$	19,000		100	%	$	27,000		100	%
	UMTH		Debt Placement Fees			150,000		100	%		-		-			93,000		100	%
	UDF III		Credit Enhancement Fees			78,000		100	%		66,000		100	%		64,000		100	%
	UDF LOF		Participation Interest Paid			-		-			-		-			313,000		100	%
	UDF IV		Participation Interest Paid			791,000		100	%		1,696,000		100	%		540,000		100	%
	UDF X		Participation Interest Paid					-			23,000		100	%		126,000		100	%
	UMTH LD		Admin and Origination Fees Paid			201,000		100	%		161,000		100	%		130,000		100	%
Schedule Of General and Administrative Expense Related Party [Table Text Block]	'
	The chart below summarizes the approximate expenses associated with related parties for the twelve months ended December 31, 2013, 2012 and 2011:
	Related Party Expenses:
					For Twelve Months Ended
	Payee		Purpose		December 31, 2013						December 31, 2012						December 31, 2011
	UMTHGS		Trust administration fees		$	1,000,000		93	%		$	1,000,000		93	%		$	1,000,000		93	%
	UMTHGS		General & administrative - Shareholder Relations			76,000		7	%			76,000		7	%			76,000		7	%
	UMTHGS		General & administrative –Misc.			1,000		0	%			2,000		0	%			3,000		0	%
					$	1,077,000		100	%		$	1,078,000		100	%		$	1,079,000		100	%
	PSC		Loan Servicing Fee		$	5,000		100	%		$	19,000		100	%		$	21,000		75	%
	PSC		General & Administrative – Misc.			-		-				-		-				7,000		25	%
					$	5,000		100	%		$	19,000		100	%		$	28,000		100	%
	UMTH		Debt Placement Fees			52,000		100	%			42,000		100	%			25,000		100	%
	UDF III		Credit Enhancement Fees			77,000		100	%			109,000		100	%			80,000		100	%

QUARTERLY_FINANCIAL_DATA_UNAUD1

QUARTERLY FINANCIAL DATA (UNAUDITED) (Tables)	12 Months Ended
	Dec. 31, 2013
Quarterly Financial Information Disclosure [Abstract]	'
Schedule of Quarterly Financial Information [Table Text Block]	'
	Selected financial data (unaudited) for the years ended December 31, 2013, 2012 and 2011 is set forth below:
	2013	Revenues		Net Income		Net Income Per Share Basic/Diluted		Weighted Average Shares
								Outstanding
	First quarter	$	1,338,295	$	82,572	$	0.01	6,438,493
	Second quarter		1,608,561		468,246		0.07	6,437,165
	Third quarter		1,417,877		383,412		0.06	6,437,171
	Fourth quarter		1,283,609		253,468		0.04	6,436,777
	For the year	$	5,648,342	$	1,187,698	$	0.18	6,437,428
	2012	Revenues		Net Income		Net Income Per Share Basic/Diluted		Weighted Average Shares
								Outstanding
	First quarter	$	1,175,271	$	250,613	$	0.04	6,439,120
	Second quarter		1,529,096		491,272		0.08	6,439,559
	Third quarter		1,338,634		339,505		0.05	6,439,657
	Fourth quarter		1,465,406		405,186		0.06	6,439,600
	For the year	$	5,508,407	$	1,486,576	$	0.23	6,439,528
	2011	Revenues		Net Income		Net Income Per Share Basic/Diluted		Weighted Average Shares
								Outstanding
	First quarter	$	1,356,812	$	574,999	$	0.09	6,429,327
	Second quarter		1,334,183		315,133		0.05	6,431,577
	Third quarter		1,246,677		347,656		0.05	6,434,600
	Fourth quarter		1,191,839		354,365		0.06	6,435,619
	For the year	$	5,129,511	$	1,592,153	$	0.25	6,432,781

SECURITIZATION_AND_SALE_OF_CLA1

SECURITIZATION AND SALE OF CLASS A NOTES (Tables)	12 Months Ended
	Dec. 31, 2013
Securitization And Sale Of Class Notes [Abstract]	'
Schedule of Sensitivity Analysis of Fair Value, Transferors Interests in Transferred Financial Assets [Table Text Block]	'
	The sensitivity to an immediate 10% and 20% adverse change in the assumptions used to measure fair value of the securitized mortgage loans is as follows:
	FOR THE 2004 SECURITIZATION
	Prepayment speed assumption (annual rate):
	Impact on fair value of 10% adverse change	30,000
	Impact on fair value of 20% adverse change	60,000
	Expected credit losses (over remaining life of loans):
	Impact on fair value of 10% adverse change	68,000
	Impact on fair value of 20% adverse change	136,000
	Residual cash flows discount rate (annual):
	Impact on fair value of 10% adverse change	26,000
	Impact on fair value of 20% adverse change	52,000

SHARE_REDEMPTION_PLAN_Tables

SHARE REDEMPTION PLAN (Tables)	12 Months Ended
	Dec. 31, 2013
Stockholders Equity Note [Abstract]	'
Schedule Of Share Redemption Program [Table Text Block]	'
	The following table summarizes the share repurchases made in 2013:
	Month	Total number of shares	Average Purchase		Total number of shares	Total number of shares
		repurchased	Price		purchased as part of a	purchased outside of
					publicly announced plan	plan
	January	1,823	$	15.14	1,823	-
	February	2,385	$	15.14	2,385	-
	March	1,618	$	15.14	1,618	-
	April	1,662	$	15.1	1,662	-
	May	1,267	$	15	1,267
	June	1,384	$	14.92	1,384	-
	July	1,046	$	14.92	1,046	-
	August	1,281	$	14.89	1,281	-
	September	1,024	$	14.85	1,024	-
	October	2,118	$	14.9	2,118	-
	November	1,307	$	14.83	1,307	-
	December	932	$	14.76	932	-
	Totals	17,847	$	15.01	17,847	-

NATURE_OF_BUSINESS_Details_Tex

NATURE OF BUSINESS (Details Textual)	Dec. 31, 2013
Umt Lt Trust [Member]	'
Percentage Of Holding By General Partner	100.00%
Umt Home Finance Lp and Umt Home Finance Ii Lp [Member]	'
Percentage Of Limited Partnership Interests In General Partner	99.99%
Umt Properties Lp and Umt Fifteenth Street Lp [Member]	'
Percentage Of Limited Partnership Interests In General Partner	99.99%
Ready America Funding Group [Member]	'
Percentage Of Limited Partnership Interests In General Partner	50.00%
Craig Pettit [Member]	'
Percentage Of Ownership Interest	50.00%
William Lowe [Member]	'
Percentage Of Ownership Interest	50.00%

SUMMARY_OF_SIGNIFICANT_ACCOUNT3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Balance, beginning of year	$3,061,000	$5,714,000	$5,233,000
Provision for loan losses	1,356,919	957,900	720,000
Reduction of values of foreclosed mortgages and loans charged off	-1,863,000	-3,611,000	-239,000
Balance, end of year	$2,555,000	$3,061,000	$5,714,000

SUMMARY_OF_SIGNIFICANT_ACCOUNT4

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1) (USD $)	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011		Dec. 31, 2010
Balance	$2,555,000		$3,061,000		$5,714,000		$5,233,000
Deficiency Notes [Member]	'		'		'		'
Balance	1,736,000		2,247,000		4,758,000		'
Other Real Estate Owned [Member]	'		'		'		'
Balance	691,000	[1]	500,000	[1]	616,000	[1]	'
Mortgage Investments [Member]	'		'		'		'
Balance	$128,000		$314,000		$340,000		'
[1]	Real estate owned is presented net of reserves in the accompanying consolidated financial statements.

SUMMARY_OF_SIGNIFICANT_ACCOUNT5

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Residential Mortgages And Contracts For Deed Default Rate	1.27%	'	'
Interim Mortgages Default Rate	0.03%	'	'
Minimum Distribution Percentage	90.00%	'	'
Earnings Distribution Percentage	314.00%	251.00%	234.00%
Distribution In Excess Of Earnings Percentage	214.00%	151.00%	134.00%
Loans And Leases Receivable Interest Income Received And Recognized	$649,000	$812,000	'
Real estate owned, net	5,287,857	8,192,368	'
Reserves - accrued interest receivable	3,693,244	2,974,458	'
Deficiency notes	4,976,199	6,121,525	'
Residential Development Corp [Member]	'	'	'
Real estate owned, net	369,000	680,000	'
Deficiency notes	3,251,000	4,396,000	'
Real Estate Investment Property, Accumulated Depreciation	$48,000	$42,000	'

DEFICIENCY_NOTES_RELATED_PARTY1

DEFICIENCY NOTES - RELATED PARTY AND NON-RELATED PARTY (Details Textual) (USD $)	12 Months Ended			12 Months Ended				12 Months Ended
	Dec. 31, 2013	Dec. 31, 2007	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2007	Dec. 31, 2007
				Note One [Member]	Note One [Member]	Note Two [Member]	Note Two [Member]	UMTHLC [Member]	UMTHLC [Member]	UMTHLC [Member]	UMTHGS [Member]
Notes Receivable Net	$4,976,199	'	$6,121,525	$1,725,000	$1,725,000	$3,251,000	$4,396,000	'	'	'	'
Notes Receivable Stated Interest Rate	'	'	'	14.00%	14.00%	'	'	'	'	'	'
Variable Interest Promissory Note Face Amount	'	'	'	'	'	'	'	'	'	5,100,000	'
Variable Interest Promissory Note Initial Principal Amount	'	'	'	'	'	'	'	'	'	1,848,000	'
Percentage Of Advisory Fee Receivable By Guarantor Of Variable Interest Promissory Note	'	'	'	'	'	'	'	'	'	'	33.00%
Variable Interest Promissory Note Interest Rate During Period	6.00%	10.00%	'	'	'	'	'	10.00%	6.00%	'	'
Notes Receivable Related Parties	29,295,567	'	29,958,940	'	'	'	'	29,295,567	29,958,940	'	'
Allowance for loan losses - deficiency notes	$1,736,306	'	$2,246,632	'	'	$1,736,000	$2,247,000	'	'	'	'

LINES_OF_CREDIT_PAYABLE_Detail

LINES OF CREDIT PAYABLE (Details) (Line of Credit [Member], USD $)	Dec. 31, 2013
Line of Credit [Member]	'
2014	$2,139,000
2015	4,377,000
2016	1,167,000
2017	0
2018	0
Thereafter	0
Total	$7,683,000

LINES_OF_CREDIT_PAYABLE_Detail1

LINES OF CREDIT PAYABLE (Details Textual) (USD $)

1 Months Ended

1 Months Ended

1 Months Ended

1 Months Ended

Jan. 27, 2011

Nov. 29, 2010

Aug. 31, 2009

Dec. 31, 2013

Dec. 31, 2012

27-May-11

Dec. 31, 2013

Dec. 31, 2012

Oct. 26, 2011

Dec. 31, 2013

Dec. 31, 2012

Jul. 22, 2013

Dec. 31, 2013

Term Loan One [Member]

Term Loan One [Member]

Term Loan One [Member]

Term Loan Two [Member]

Term Loan Two [Member]

Term Loan Two [Member]

Term Loan Three [Member]

Term Loan Three [Member]

Line of Credit Facility, Maximum Borrowing Capacity

'

'

$5,000,000

'

'

$4,300,000

'

'

$5,000,000

'

'

$15,000,000

'

Line of Credit Facility, Interest Rate Description

'

'

'The line of credit bears interest at prime plus one percent, with a floor of 5.50% and requires monthly interest payments.

'

'

'The loan bears interest at prime plus one percent, with a floor of 5.0%, and requires monthly interest payments.

'

'

'The loan bears interest at prime plus one percent, with a floor of 5.0%, and requires monthly interest payments.

'

'

'The loan bears interest at prime plus one percent, with a floor of 4.75%, and requires monthly interest payments.

'

Line Of Credit Facility Floor Interest Rate

5.00%

7.50%

5.50%

'

'

5.00%

'

'

5.00%

'

'

4.75%

'

Line Of Credit Facility, Amount Outstanding

'

'

'

$7,682,920

$6,988,297

'

$1,593,000

$3,111,000

'

$546,000

$269,000

'

$1,167,000

NOTES_PAYABLE_Details

NOTES PAYABLE (Details) (Convertible Notes Payable [Member], USD $)	Dec. 31, 2013
Convertible Notes Payable [Member]	'
2014	$0
2015	569,000
2016	300,000
2017	752,500
2018	4,569,500
Thereafter	0
Total	$6,191,000

NOTES_PAYABLE_Details_Textual

NOTES PAYABLE (Details Textual) (USD $)

1 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

Mar. 31, 2010

Aug. 31, 2009

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Apr. 21, 2010

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Notes Payable [Member]

Notes Payable [Member]

Notes Payable [Member]

Notes Payable One [Member]

Notes Payable Two [Member]

Notes Payable Three [Member]

Notes Payable Four [Member]

Notes Payable Five [Member]

Notes Payable Six [Member]

Notes Payable Seven [Member]

Notes Payable Eight [Member]

Notes Payable Nine [Member]

Notes Payable Ten [Member]

Notes Payable Thirteen [Member]

Residential Mortgage One [Member]

Residential Mortgage One [Member]

Residential Mortgage Two [Member]

Residential Mortgage Two [Member]

Residential Mortgage Three [Member]

Residential Mortgage Four [Member]

Mortgage Loans on Real Estate, Cost of Mortgages Sold

$169,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization Of Mortgage Loans

'30 years

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Loans on Real Estate, Interest Rate

9.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Mortgage Loans on Real Estate, Carrying Amount of Mortgages

'

'

0

166,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

0

70,000

0

96,000

'

'

Line of Credit Facility, Maximum Borrowing Capacity

'

5,000,000

'

'

1,347,000

'

1,600,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Interest Rate During Period

'

'

'

'

7.50%

7.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument, Maturity Date

'

'

'

'

31-Mar-16

'

'

30-Apr-16

28-Feb-17

31-Mar-17

31-Oct-17

30-Nov-17

28-Feb-18

31-Mar-18

31-May-18

31-Jul-18

30-Sep-18

'

'

'

'

'

'

'

Line Of Credit Facility Interest Rate Reduced

'

'

'

'

'

5.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Lines of credit payable

'

'

7,682,920

6,988,297

569,000

1,107,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line of Credit Facility, Interest Rate Description

'

'The line of credit bears interest at prime plus one percent, with a floor of 5.50% and requires monthly interest payments.

'

'

'The note payable bears interest at prime plus one percent, with a floor of 7.0%, and requires monthly interest payments.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Instrument Carrying Amount

'

'

'

'

$4,275,000

$1,230,000

'

$100,000

$200,000

$265,000

$200,000

$187,500

$100,000

$2,347,500

$50,000

$500,000

$100,000

$50,000

'

'

'

'

'

'

Mortgage Loans on Real Estate, Final Maturity Date

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

30-Apr-18

30-Jun-18

'

'

31-Jul-18

31-Aug-18

OPTIONS_TO_PURCHASE_SHARES_OF_2

OPTIONS TO PURCHASE SHARES OF BENEFICIAL INTEREST (Details) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Outstanding at beginning of year	60,000	55,000	45,000
Granted	12,500	12,500	12,500
Expired	-10,000	-7,500	-2,500
Exercised	0	0	0
Outstanding at end of year	62,500	60,000	55,000
Exercisable at end of year	62,500	60,000	55,000
Exercise price per share	$20	$20	$20

OPTIONS_TO_PURCHASE_SHARES_OF_3

OPTIONS TO PURCHASE SHARES OF BENEFICIAL INTEREST (Details Textual)	12 Months Ended
	Dec. 31, 2013
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Number	2,500
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested and Expected to Vest, Outstanding, Weighted Average Remaining Contractual Term	'5 years

RELATED_PARTY_TRANSACTIONS_Det

RELATED PARTY TRANSACTIONS (Details)	12 Months Ended
	Dec. 31, 2013
UMTH [Member]	'
Related Party Affiliation	'99.9% owner of our borrower, UMTHLC and our advisor, UMTHGS
Related Party Governance	'UMT Services, Inc. serves as General Partner
Related Party Ownership	'10 Limited Partners
UMTHLC [Member]	'
Related Party Affiliation	'Borrower
Related Party Governance	'UMT Services, Inc. serves as General Partner
Related Party Ownership	'99.9% owned by UMTH
UMTH LD [Member]	'
Related Party Affiliation	'Asset Manager for UDF I and General Partner of UDF III
Related Party Governance	'UMT Services, Inc. serves as General Partner
Related Party Ownership	'99.9% owned by UMTH
UDF I [Member]	'
Related Party Affiliation	'Borrower
Related Party Governance	'United Development Funding, Inc., serves as General Partner
Related Party Ownership	'41 Limited Partners
UDF III [Member]	'
Related Party Affiliation	'Loan Participant
Related Party Governance	'UMTHLD serves as General Partner
Related Party Ownership	'9003 Limited Partners
CRG [Member]	'
Related Party Affiliation	'Borrower
Related Party Governance	'2 UMTH Limited Partners serve as directors
Related Party Ownership	'Owned by 2 UMTH Limited Partners
RAFC [Member]	'
Related Party Affiliation	'Borrower
Related Party Governance	'2 UMTH Limited Partners serve as directors
Related Party Ownership	'Beneficially owned by 2 UMTH Limited Partners
SCMI [Member]	'
Related Party Affiliation	'Note Seller
Related Party Governance	'One UMTH Limited Partner serves as director
Related Party Ownership	'Beneficially owned by 1 UMTH Limited Partner
Wonder [Member]	'
Related Party Affiliation	'Borrower
Related Party Governance	'One UMTH Limited Partner serves as director
Related Party Ownership	'Beneficially owned by 1 UMTH Limited Partner

RELATED_PARTY_TRANSACTIONS_Det1

RELATED PARTY TRANSACTIONS (Details 1) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012
Interim loans, related parties	$16,282,339		$16,285,448
Lines of credit receivable, related parties	86,151,485		88,947,361
Recourse obligations, related parties	20,094,279		18,499,829
Deficiency note, related party	29,295,567		29,958,940
RAFC [Member]	'		'
Interim loans, related parties	16,282,339		16,285,448
Interim Mortgage Affiliates Collateral	'Real estate		'
Recourse obligations, related parties	10,170,196		8,502,333
Recourse Obligations Affiliates Collateral	'Pledge of equity interest & limited guaranty		'
UDF I [Member]	'		'
Lines of credit receivable, related parties	7,739,415		6,686,096
Lines Of Credit Receivable Affiliates Collateral	'Land development loans and equity investments		'
UDFI (UDF III economic interest participation agreement) [Member]	'		'
Lines of credit receivable, related parties	70,835,104		74,699,298
Lines Of Credit Receivable Affiliates Collateral	'Land development loans and equity investments		'
UMTHLC [Member]	'		'
Lines of credit receivable, related parties	7,576,966		7,561,966
Lines Of Credit Receivable Affiliates Collateral	'Real estate		'
Deficiency Note Affiliates Collateral	'Guaranty		'
Deficiency note, related party	29,295,567		29,958,940
CRG [Member]	'		'
Recourse obligations, related parties	4,504,544		4,521,893
Recourse Obligations Affiliates Collateral	'Pledge of equity interest & limited guaranty		'
SCMI [Member]	'		'
Recourse obligations, related parties	3,448,002		3,476,639
Recourse Obligations Affiliates Collateral	'Pledge of equity interest & limited guaranty		'
RAFC/Wonder [Member]	'		'
Recourse obligations, related parties	$1,971,536	[1]	$1,998,964
Recourse Obligations Affiliates Collateral	'Pledge of equity interest & limited guaranty		'
[1]	Wonder is collateralized by an indemnification agreement from RMC in the amount of $1,134,000, which includes the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.

RELATED_PARTY_TRANSACTIONS_Det2

RELATED PARTY TRANSACTIONS (Details 2) (USD $)	Dec. 31, 2013		Dec. 31, 2012
Initial principal amount	$10,612,697		'
Balance	20,094,279		18,499,829
Promissory Note principal amount	16,288,643	[1]	'
Estimated Collateral Value	21,166,000	[2]	'
CRG [Member]	'		'
Initial principal amount	2,725,442		'
Balance	4,504,544		4,521,893
Promissory Note principal amount	4,300,000	[1]	'
Estimated Collateral Value	4,690,000	[2]	'
CRG [Member] | C Units [Member]	'		'
C Units distributed	142		'
CRG [Member] | Class C [Member]	'		'
Units/ indemnification pledged as security (in shares)	4,984		'
Units/indemnification remaining (in shares)	2,399		'
CRG [Member] | Class D [Member]	'		'
Units/ indemnification pledged as security (in shares)	2,710		'
Units/indemnification remaining (in shares)	2,710		'
RAFC [Member]	'		'
Initial principal amount	3,243,369		'
Balance	10,170,196		8,502,333
Promissory Note principal amount	7,100,000	[1]	'
Estimated Collateral Value	10,299,000	[2]	'
RAFC [Member] | C Units [Member]	'		'
C Units distributed	516		'
RAFC [Member] | Class C [Member]	'		'
Units/ indemnification pledged as security (in shares)	11,228		'
Units/indemnification remaining (in shares)	8,694		'
RAFC [Member] | Class D [Member]	'		'
Units/ indemnification pledged as security (in shares)	6,659		'
Units/indemnification remaining (in shares)	6,659		'
SCMI [Member]	'		'
Initial principal amount	3,295,422		'
Balance	3,448,002		3,476,639
Promissory Note principal amount	3,488,643	[1]	'
Estimated Collateral Value	3,873,000	[2]	'
SCMI [Member] | C Units [Member]	'		'
C Units distributed	58		'
SCMI [Member] | Class C [Member]	'		'
Units/ indemnification pledged as security (in shares)	4,545		'
Units/indemnification remaining (in shares)	985		'
SCMI [Member] | Class D [Member]	'		'
Units/ indemnification pledged as security (in shares)	3,000		'
Units/indemnification remaining (in shares)	3,000		'
RAFC Wonder [Member]	'		'
Initial principal amount	1,348,464	[3]	'
Balance	1,971,536	[3]	1,998,964
Promissory Note principal amount	1,400,000	[1],[3]	'
Estimated Collateral Value	1,482,000	[2],[3]	'
RAFC Wonder [Member] | C Units [Member]	'		'
C Units distributed	88	[3]	'
RAFC Wonder [Member] | Class C [Member]	'		'
Units/ indemnification pledged as security (in shares)	1,657	[3]	'
Units/indemnification remaining (in shares)	1,482	[3]	'
Wonder Indemnification [Member]	'		'
Initial principal amount	0	[3]	'
Balance	0	[3]	'
Promissory Note principal amount	0	[1],[3]	'
Units/ indemnification pledged as security (in shares)	1,134,000	[3]	'
Units/indemnification remaining (in shares)	0	[3]	'
Estimated Collateral Value	$822,000	[2],[3]	'
Wonder Indemnification [Member] | C Units [Member]	'		'
C Units distributed	0	[3]	'
[1]	The CRG, RAFC and Wonder balances at December 31, 2013 exceeded the stated principal amount per their variable Secured Notes by approximately $205,000, $3,070,000 and $572,000, respectively. Per the terms of the Secured Notes, the unpaid principal balance may be greater or less than the initial principal amount of the note and is not considered an event of default. The rapid rate of liquidation of the remaining portfolio of properties caused a more rapid increase in the Unpaid Principal Balance (bUPBb) than we originally anticipated and outpaced the minimum principal reductions scheduled for the loans.
[2]	Estimated collateral value reflects pledge of D units of limited partnership interest of UMTH held by WLL, Ltd., RAFC and KLA, Ltd. UMTH D units represent equity interests in UMT Holdings, LP. Pledge of the UMTH D units entitles the beneficiary to a pro-rata share of UMTH partnership D unit cash distributions
[3]	Wonder is collateralized by an indemnification agreement from RMC in the amount of $1,134,000, which includes the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.

RELATED_PARTY_TRANSACTIONS_Det3

RELATED PARTY TRANSACTIONS (Details 3) (USD $)	12 Months Ended
	Dec. 31, 2013		Dec. 31, 2012		Dec. 31, 2011
UMTH [Member]	'		'		'
Proceeds from Loans	$15,592,306	[1],[2]	$12,842,083	[1],[2]	$3,250,783	[1],[2]
Payments for Loans	3,492,500	[1],[2]	2,813,601	[1],[2]	1,506,436	[1],[2]
UDF [Member]	'		'		'
Proceeds from Loans	10,785,187	[1],[3]	11,728,909	[1],[3]	9,202,636	[1],[3]
Payments for Loans	0	[1],[3]	0	[1],[3]	0	[1],[3]
CRG [Member]	'		'		'
Proceeds from Loans	172,884	[4]	171,641	[4]	0	[4]
Payments for Loans	172,884	[4]	171,641	[4]	0	[4]
RAFC [Member]	'		'		'
Proceeds from Loans	589,816	[4]	583,796	[4]	0	[4]
Payments for Loans	589,816	[4]	583,796	[4]	0	[4]
SCMI [Member]	'		'		'
Proceeds from Loans	91,833	[4]	390,343	[4]	300,000	[4]
Payments for Loans	91,833	[4]	90,343	[4]	0	[4]
Wonder [Member]	'		'		'
Proceeds from Loans	87,957	[4]	86,556	[4]	0	[4]
Payments for Loans	$87,957	[4]	$86,556	[4]	$0	[4]
[1]	Audited.
[2]	Represents available cash flow for debt service and distributions. UMTH generates cash flow that is used to service the UMTHLC Deficiency Note and the Recourse obligations. Cash flow amount for 2013 is an estimate and is subject to change.
[3]	Represents principal payment proceeds received by UDF from its borrowers. These receipts are the sources used by UDF to repay its line of credit payable to the Company. Cash flow amount for 2013 is an estimate and is subject to change.
[4]	Unaudited.

RELATED_PARTY_TRANSACTIONS_Det4

RELATED PARTY TRANSACTIONS (Details 4) (USD $)	Dec. 31, 2013	Dec. 31, 2012
Lines of credit receivable, related parties	$86,151,485	$88,947,361
UDF [Member]	'	'
Lines of credit receivable, related parties	7,739,415	6,686,096
UDF III Economic Interest Participation Agreement	'	'
Lines of credit receivable, related parties	70,835,104	74,699,298
UMTHLC [Member]	'	'
Lines of credit receivable, related parties	$7,576,966	$7,561,966

RELATED_PARTY_TRANSACTIONS_Det5

RELATED PARTY TRANSACTIONS (Details 5) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
RAFC [Member]	'	'	'
Payments to Fund Long-term Loans to Related Parties	$0	$0	$1,000
UMTHLC [Member]	'	'	'
Payments to Fund Long-term Loans to Related Parties	15,000	587,000	947,000
UDF [Member]	'	'	'
Payments to Fund Long-term Loans to Related Parties	$1,053,000	$823,000	$720,000

RELATED_PARTY_TRANSACTIONS_Det6

RELATED PARTY TRANSACTIONS (Details 6) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
UMTHGS [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	$1,211,000	$807,000	$1,887,000
Related Party Transaction Payment Percentage	100.00%	100.00%	100.00%
UMTHGS [Member] | Trust Administration Fees [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	1,125,000	731,000	1,808,000
Related Party Transaction Payment Percentage	93.00%	91.00%	96.00%
UMTHGS [Member] | General and Administrative Shareholder Relations [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	86,000	76,000	76,000
Related Party Transaction Payment Percentage	7.00%	9.00%	4.00%
UMTHGS [Member] | General And Administrative Misc [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	0	0	3,000
Related Party Transaction Payment Percentage	0.00%	0.00%	0.00%
PSC [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	5,000	19,000	27,000
Related Party Transaction Payment Percentage	100.00%	100.00%	100.00%
PSC [Member] | Loan Servicing Fee [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	5,000	19,000	21,000
Related Party Transaction Payment Percentage	100.00%	100.00%	78.00%
PSC [Member] | General And Administrative Misc [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	0	0	6,000
Related Party Transaction Payment Percentage	0.00%	0.00%	22.00%
UDF III [Member] | Credit Enhancement Fees [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	78,000	66,000	64,000
Related Party Transaction Payment Percentage	100.00%	100.00%	100.00%
UDF IV [Member] | Participation Interest Paid [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	791,000	1,696,000	540,000
Related Party Transaction Payment Percentage	100.00%	100.00%	100.00%
UDF X [Member] | Participation Interest Paid [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	'	23,000	126,000
Related Party Transaction Payment Percentage	0.00%	100.00%	100.00%
UMTH [Member] | Debt Placement Fees [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	150,000	0	93,000
Related Party Transaction Payment Percentage	100.00%	0.00%	100.00%
UMTH LD [Member] | Administrative and Origination Fees Paid [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	201,000	161,000	130,000
Related Party Transaction Payment Percentage	100.00%	100.00%	100.00%
UDF LOF [Member] | Participation Interest Paid [Member]	'	'	'
Related Party Transaction, Amounts of Transaction	$0	$0	$313,000
Related Party Transaction Payment Percentage	0.00%	0.00%	100.00%

RELATED_PARTY_TRANSACTIONS_Det7

RELATED PARTY TRANSACTIONS (Details 7) (USD $)	12 Months Ended
	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
General and Administrative Expense Related Party	$1,077,000	$1,078,000	$1,079,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%	100.00%
UMTHGS [Member] | Trust Administration Fees [Member]	'	'	'
General and Administrative Expense Related Party	1,000,000	1,000,000	1,000,000
General and Administrative Expense Percentage Related Party	93.00%	93.00%	93.00%
UMTHGS [Member] | General and Administrative Shareholder Relations [Member]	'	'	'
General and Administrative Expense Related Party	76,000	76,000	76,000
General and Administrative Expense Percentage Related Party	7.00%	7.00%	7.00%
UMTHGS [Member] | General And Administrative Misc [Member]	'	'	'
General and Administrative Expense Related Party	1,000	2,000	3,000
General and Administrative Expense Percentage Related Party	0.00%	0.00%	0.00%
PSC [Member]	'	'	'
General and Administrative Expense Related Party	5,000	19,000	28,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%	100.00%
PSC [Member] | General And Administrative Misc [Member]	'	'	'
General and Administrative Expense Related Party	0	0	7,000
General and Administrative Expense Percentage Related Party	0.00%	0.00%	25.00%
PSC [Member] | Loan Servicing Fee [Member]	'	'	'
General and Administrative Expense Related Party	5,000	19,000	21,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%	75.00%
UMTH [Member] | Debt Placement Fees [Member]	'	'	'
General and Administrative Expense Related Party	52,000	42,000	25,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%	100.00%
UDF III [Member] | Credit Enhancement Fees [Member]	'	'	'
General and Administrative Expense Related Party	$77,000	$109,000	$80,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%	100.00%

RELATED_PARTY_TRANSACTIONS_Det8

RELATED PARTY TRANSACTIONS (Details Textual) (USD $)

1 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

12 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

12 Months Ended

1 Months Ended

Aug. 31, 2013

Oct. 31, 2011

Jun. 30, 2011

Sep. 30, 2007

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2007

Jun. 21, 2010

Sep. 30, 2008

Oct. 01, 2007

Sep. 30, 2006

Jul. 29, 2009

Sep. 19, 2008

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2012

Oct. 31, 2013

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2007

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Dec. 31, 2013

Dec. 31, 2005

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2011

Mar. 31, 2009

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2010

Jul. 29, 2009

Mar. 26, 2009

Sep. 30, 2007

Dec. 31, 2013

Oct. 01, 2007

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2007

Dec. 31, 2013

Dec. 31, 2012

Dec. 31, 2013

Dec. 31, 2013

Sep. 30, 2007

Dec. 31, 2013

Dec. 31, 2005

Dec. 31, 2005

Sep. 30, 2007

Dec. 31, 2013

Dec. 31, 2013

Dec. 31, 2005

Dec. 31, 2005

Dec. 31, 2005

Dec. 31, 2005

Oct. 01, 2007

Aug. 01, 2006

Aug. 01, 2006

Economic Interest Participation Agreement [Member]

Economic Interest Participation Agreement [Member]

UDF III [Member]

UDF III [Member]

UDF III [Member]

UDF III [Member]

UMT [Member]

UMT [Member]

UMTHGS [Member]

UMTHGS [Member]

UMTHGS [Member]

UMTHGS [Member]

PSC [Member]

PSC [Member]

PSC [Member]

UMTH [Member]

UMTH [Member]

UMTH LD [Member]

UMTH LD [Member]

UMTH LD [Member]

UMTHLC [Member]

UMTHLC [Member]

UMTHLC [Member]

UMTHLC [Member]

UMTHLC [Member]

UMTHLC [Member]

CRG [Member]

CRG [Member]

CRG [Member]

CRG [Member]

CRG [Member]

RAFC [Member]

RAFC [Member]

RAFC [Member]

RAFC [Member]

RAFC [Member]

Wonder [Member]

Wonder [Member]

Wonder [Member]

Wonder [Member]

SCMI [Member]

SCMI [Member]

SCMI [Member]

WLL [Member]

WLL [Member]

SCMC [Member]

SCMC [Member]

KLA Ltd [Member]

Minimum [Member]

Maximum [Member]

Economic Interest Participation Agreement [Member]

Administrative and Origination Fees Paid [Member]

Administrative and Origination Fees Paid [Member]

Administrative and Origination Fees Paid [Member]

Class C [Member]

Class D [Member]

Class C [Member]

Class D [Member]

Class C [Member]

Class C [Member]

Class D [Member]

Class C [Member]

Class D [Member]

Class C [Member]

Guarantors Class D [Member]

Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

99.90%

'

'

'

'

'

50.00%

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Profit Interest In Holding Company

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

50.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility Receivable Maximum Financing Capacity

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

$82,000,000

$75,000,000

$75,000,000

$60,000,000

$8,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility Receivable Interest Rate During Period

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

12.50%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Receivable Included In Related Party Loan Receivable

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

7,577,000

7,562,000

'

'

'

'

'

'

'

'

'

16,282,000

16,286,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Promissory Note , Units Pledged As Securities (in shares)

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

4,984

2,710

'

'

'

11,228

6,659

'

'

'

3,870

'

4,545

3,000

2,492

1,355

'

2,213

3,000

'

'

Increase In Stated Principal Amount Of Variable Secured Promissory Notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

205,000

'

'

'

'

3,070,000

'

'

'

'

572,000

'

'

'

'

'

'

'

'

'

'

'

'

Variable Interest Promissory Note Interest Rate During Period

'

'

'

'

6.00%

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10.00%

6.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Secured Notes Payment Terms

'

'

'

'The Secured Notes required the originating company to make monthly payments equal to the greater of (1) principal and interest amortized over 180 months and 264 months, respectively, or (2) the amount of any distributions paid to the originating company with respect to the pledged Class C units.

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amortization Period Of Secured Notes

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'15 years

'

'

'

'

'15 years

'

'

'

'

'15 years

'

'

'

'22 years

'

'

'

'

'

'

'

'

'

Secured Notes Receivable Limited Guaranty Value

'

'

'

'

'

'

'

'

'

'

3,472,073

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

10,582,336

'

'

'

'

'

'

'

'

'

'

'

4,053,799

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,213,000

'

'

'

'

Indemnification Agreement Value Included In Limited Guarantee

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

2,770,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,134,000

'

'

'

'

'

'

'

'

'

'

'

Line Of Credit Facility Receivable Increased Value

'

'

'

'

'

'

'

'

'

'

'

45,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Interest Rate Terms Description

'

'

'

'

'The Loan interest rate is the lower of 15% or the highest rate allowed by law

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum Percentage Of Credit Enhancement Fees

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

14.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Loan Qualification For Refinancing

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

85.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Refinanced On Qualified Loans

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

80.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Loan Refinanced

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

68.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Refinanced For First Lien Secured Loan

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

75.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Transferred Revolving Credit Facility

'

'

'

'

'

'

'

'

'

100

'

'

60,000,000

45,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Amount Funded Under Security Agreement

'

'

'

'

'

'

'

'

'

'

'

'

'

'

78,575,000

81,385,000

'

74,699,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated Loan Before Amendment

'

'

'

'

'

'

'

'

30,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Annual Distribution Rate Administration Fee, Percentage

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1.00%

2.00%

Advisory Expenses Incurred

'

'

'

'

1,000,000

1,000,000

1,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Advisory Expenses Paid

'

'

'

'

1,125,000

731,000

1,808,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment Of Shareholder Relation Activities, Advisory Reimbursement Expense

'

'

'

'

'

76,000

76,000

'

'

'

'

'

'

'

'

'

'

'

'

'

86,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Incentive Fee Based On Net Income

'

'

'

'

25.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Minimum Percentage Of Net Income Applicable For Incentive Fee Calculation

'

'

'

'

10.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Goods and Nonemployee Services Transaction, Quantity of Securities Issued (in shares)

'

'

'

'

10,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-Based Goods and Nonemployee Services Transaction, Securities Issued, Issue Price (in dollars per share)

'

'

'

'

$20

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Share-based Goods and Nonemployee Services Transaction, Shares Approved for Issuance (in shares)

'

'

'

'

50,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Negotiated Fees, Percentage

'

'

'

'

1.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Debt Placement Fees Expenses

150,000

50,000

43,000

'

52,000

42,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Loan Servicing Fees

'

'

'

'

5,000

19,000

21,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Guaranty Facility Credit Enhancement Fee

'

'

'

'

77,000

109,000

80,000

'

'

'

'

'

'

'

78,000

66,000

64,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Maximum Degree Of Invested Interest In Construction Loan

'

'

'

'

2,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Payment For Loan Participation Interest In Construction Loan

'

'

'

'

791,000

1,719,000

979,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Related Party Transaction, Amounts of Transaction

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

1,211,000

807,000

1,887,000

'

5,000

19,000

27,000

'

'

201,000

161,000

130,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Subordinated Loan After Amendment

'

'

'

'

'

'

'

'

$15,000,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Total Distribution Per Unit

'

'

'

'

1,000

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Percentage Of Advisory Fee Receivable By Guarantor Of Variable Interest Promissory Note

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

33.00%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Base Interest Rate Decreased To

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

9.25%

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

COMMITMENTS_AND_CONTINGENCIES_

COMMITMENTS AND CONTINGENCIES (Details Textual) (USD $)	1 Months Ended	12 Months Ended
	31-May-09	Dec. 31, 2013	Dec. 31, 2012
Net Asset Value Per Share	'	$14.66	$15.06
Prior Redemption Price Per Share	$20	$20	'

CONCENTRATION_OF_CREDIT_Detail

CONCENTRATION OF CREDIT (Details Textual)	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Texas [Member]	'	'	'
Interim Mortgage Investments Secured Percentage	38.00%	42.00%	41.00%
California [Member]	'	'	'
Interim Mortgage Investments Secured Percentage	61.00%	57.00%	55.00%

QUARTERLY_FINANCIAL_DATA_UNAUD2

QUARTERLY FINANCIAL DATA (UNAUDITED) (Details) (USD $)	3 Months Ended												12 Months Ended
	Dec. 31, 2013	Sep. 30, 2013	Jun. 30, 2013	Mar. 31, 2013	Dec. 31, 2012	Sep. 30, 2012	Jun. 30, 2012	Mar. 31, 2012	Dec. 31, 2011	Sep. 30, 2011	Jun. 30, 2011	Mar. 31, 2011	Dec. 31, 2013	Dec. 31, 2012	Dec. 31, 2011
Revenues	$1,283,609	$1,417,877	$1,608,561	$1,338,295	$1,465,406	$1,338,634	$1,529,096	$1,175,271	$1,191,839	$1,246,677	$1,334,183	$1,356,812	$5,648,342	$5,508,407	$5,129,511
Net Income	$253,468	$383,412	$468,246	$82,572	$405,186	$339,505	$491,272	$250,613	$354,365	$347,656	$315,133	$574,999	$1,187,698	$1,486,576	$1,592,153
Net Income Per Share Basic/Diluted (in dollars per share)	$0.04	$0.06	$0.07	$0.01	$0.06	$0.05	$0.08	$0.04	$0.06	$0.05	$0.05	$0.09	$0.18	$0.23	$0.25
Weighted Average Shares Outstanding (in shares)	6,436,777	6,437,171	6,437,165	6,438,493	6,439,600	6,439,657	6,439,559	6,439,120	6,435,619	6,434,600	6,431,577	6,429,327	6,437,253	6,439,528	6,435,781

SECURITIZATION_AND_SALE_OF_CLA2

SECURITIZATION AND SALE OF CLASS A NOTES (Details) (USD $)	Dec. 31, 2013
Prepayment speed assumption (annual rate):	'
Impact on fair value of 10% adverse change	$30,000
Impact on fair value of 20% adverse change	60,000
Expected credit losses (over remaining life of loans):	'
Impact on fair value of 10% adverse change	68,000
Impact on fair value of 20% adverse change	136,000
Residual cash flows discount rate (annual):	'
Impact on fair value of 10% adverse change	26,000
Impact on fair value of 20% adverse change	$52,000

SECURITIZATION_AND_SALE_OF_CLA3

SECURITIZATION AND SALE OF CLASS A NOTES (Details Textual) (USD $)	12 Months Ended
	Dec. 31, 2013	Jan. 28, 2005	Jan. 01, 2005	Apr. 13, 2004	Jan. 28, 2005	Jan. 26, 2005	Apr. 13, 2004	Apr. 13, 2004	Jan. 01, 2005	Apr. 13, 2004
					Class A Notes [Member]	Class A Notes [Member]	Class A Notes [Member]	Class A Notes [Member]	Class B Notes [Member]	Class B Notes [Member]
								Bayview Financial Trading Group Lp [Member]
Principal Amount Outstanding on Loans Securitized or Asset-backed Financing Arrangement	'	$9,700,797	$9,700,797	$12,593,587	$7,275,598	'	$9,455,520	'	$2,425,199	$3,138,067
Debt Instrument, Interest Rate, Stated Percentage	'	'	'	'	9.25%	'	9.25%	9.25%	'	'
Transfer Of Asset By Depositor	'	'	'	'	'	$7,275,598	'	$9,455,520	'	'
Transfer Of Asset By Depositor Percentage	'	'	'	'	'	9.25%	'	100.00%	'	'
Assumption for Fair Value of Assets or Liabilities that relate to Transferors Continuing Involvement, Weighted Average Life	'4 years 2 months 12 days	'	'	'	'	'	'	'	'	'
Assumption for Fair Value of Assets or Liabilities that relate to Transferors Continuing Involvement, Expected Credit Losses	4.20%	'	'	'	'	'	'	'	'	'
Assumption for Fair Value of Assets or Liabilities that relate to Transferors Continuing Involvement, Prepayment Speed	2.30%	'	'	'	'	'	'	'	'	'
Assumption for Fair Value of Assets or Liabilities that relate to Transferors Continuing Involvement, Discount Rate	11.00%	'	'	'	'	'	'	'	'	'

SHARE_REDEMPTION_PLAN_Details

SHARE REDEMPTION PLAN (Details) (USD $)	1 Months Ended												12 Months Ended
	Dec. 31, 2013	Nov. 30, 2013	Oct. 31, 2013	Sep. 30, 2013	Aug. 31, 2013	Jul. 31, 2013	Jun. 30, 2013	31-May-13	Apr. 30, 2013	Mar. 31, 2013	Feb. 28, 2013	Jan. 31, 2013	Dec. 31, 2013
Total number of shares repurchased (in shares)	932	1,307	2,118	1,024	1,281	1,046	1,384	1,267	1,662	1,618	2,385	1,823	17,847
Average Purchase Price (in dollars per share)	$14.76	$14.83	$14.90	$14.85	$14.89	$14.92	$14.92	$15	$15.10	$15.14	$15.14	$15.14	$15.01
Publiciy Announced Share Redemption Plan [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'
Total number of shares repurchased (in shares)	932	1,307	2,118	1,024	1,281	1,046	1,384	1,267	1,662	1,618	2,385	1,823	17,847
Outside Of Share Redemption Plan [Member]	'	'	'	'	'	'	'	'	'	'	'	'	'
Average Purchase Price (in dollars per share)	$0	$0	$0	$0	$0	$0	$0	'	$0	$0	$0	$0	$0

SHARE_REDEMPTION_PLAN_Details_

SHARE REDEMPTION PLAN (Details Textual) (USD $)

1 Months Ended

12 Months Ended

Dec. 31, 2013

Nov. 30, 2013

Oct. 31, 2013

Sep. 30, 2013

Aug. 31, 2013

Jul. 31, 2013

Jun. 30, 2013

31-May-13

Apr. 30, 2013

Mar. 31, 2013

Feb. 28, 2013

Jan. 31, 2013

31-May-09

Dec. 31, 2013

Dec. 31, 2012

Maximum Percentage Of Shares Redeemable

'

'

'

'

'

'

'

'

'

'

'

'

'

5.00%

'

Net Asset Value Per Share

$14.66

'

'

'

'

'

'

'

'

'

'

'

'

$14.66

$15.06

Treasury Stock Acquired, Average Cost Per Share (in dollars per share)

$14.76

$14.83

$14.90

$14.85

$14.89

$14.92

$14.92

$15

$15.10

$15.14

$15.14

$15.14

'

$15.01

'

Prior Redemption Price Per Share

'

'

'

'

'

'

'

'

'

'

'

'

$20

$20

'

Minimum [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Treasury Stock Acquired, Average Cost Per Share (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

$14.76

'

Maximum [Member]

'

'

'

'

'

'

'

'

'

'

'

'

'

'

'

Treasury Stock Acquired, Average Cost Per Share (in dollars per share)

'

'

'

'

'

'

'

'

'

'

'

'

'

$20

'

SUBSEQUENT_EVENTS_Details_Text

SUBSEQUENT EVENTS (Details Textual) (Subsequent Event [Member], USD $)	1 Months Ended
	Jan. 31, 2014
Subsequent Event [Member]	'
Proceeds from Secured Notes Payable	$145,000