United Mortgage Trust (UDMG) 10-Q 15 May 15 2015 Q1 Quarterly report Financial data

Document_And_Entity_Informatio

Document And Entity Information	3 Months Ended
	Mar. 31, 2015	15-May-15
Document Information [Line Items]
Entity Registrant Name	UNITED MORTGAGE TRUST
Entity Central Index Key	101390
Current Fiscal Year End Date	-19
Entity Filer Category	Smaller Reporting Company
Trading Symbol	UDMG
Entity Common Stock, Shares Outstanding		6,427,821
Document Type	10-Q
Amendment Flag	FALSE
Document Period End Date	31-Mar-15
Document Fiscal Period Focus	Q1
Document Fiscal Year Focus	2015

CONSOLIDATED_BALANCE_SHEETS

CONSOLIDATED BALANCE SHEETS (USD $)	Mar. 31, 2015	Dec. 31, 2014
Assets:
Cash and cash equivalents	$68,370	$984,841
Mortgage investments:
Investment in trust receivable	486,561	536,084
Investment in residential mortgages	159,375	159,375
Interim mortgages, related party	15,830,254	15,830,254
Allowance for loan losses	-105,462	-105,462
Total mortgage investments, net	16,370,728	16,420,251
Lines of credit receivable, related parties	80,972,684	90,844,122
Lines of credit receivable	18,741,952	15,706,986
Accrued interest receivable	2,739,819	4,234,105
Accrued interest receivable, related parties	1,827,808	13,025,687
Reserves - accrued interest receivable	-1,620,749	-5,027,174
Recourse obligations, related parties	20,916,389	20,190,990
Real estate owned, net	4,429,165	4,439,004
Deficiency notes	3,235,770	3,258,330
Deficiency note, related party	42,944,601	28,739,855
Allowance for loan losses - deficiency notes	-801,447	-591,447
Other assets	299,146	394,783
Total assets	190,124,236	192,620,333
Liabilities:
Dividends payable	311,000	311,000
Lines of credit payable	14,194,246	13,805,860
Accounts payable and accrued liabilities	649,849	616,341
Accounts payable and accrued liabilities, related parties	874,624	526,431
Participation payable, related parties	72,208,302	74,686,618
Notes payable	7,370,156	7,420,156
Total liabilities	95,608,177	97,366,406
Commitments and contingencies
Shareholders’ Equity:
Shares of beneficial interest; $.01 par value; 100,000,000 shares authorized; 8,378,688 and 8,375,363 shares issued in 2015 and 2014, respectively; and 6,430,547 and 6,431,960 shares outstanding in 2015 and 2014, respectively	83,787	83,754
Additional paid-in capital	148,014,168	147,965,964
Cumulative distributions in excess of earnings	-20,669,598	-19,523,383
Shareholders Equity Attributable To Parent Before Deducting Treasury Stock Value	127,428,357	128,526,335
Less treasury stock of 1,948,141 and 1,943,403 shares of beneficial interest in 2015 and 2014, respectively, at cost	-37,428,568	-37,359,812
Total United Mortgage Trust shareholders’ equity	89,999,789	91,166,523
Noncontrolling interest	4,516,270	4,087,404
Total equity	94,516,059	95,253,927
Total liabilities and shareholders' equity	$190,124,236	$192,620,333

CONSOLIDATED_BALANCE_SHEETS_Pa

CONSOLIDATED BALANCE SHEETS [Parenthetical] (USD $)	Mar. 31, 2015	Dec. 31, 2014
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	8,378,688	8,375,363
Common stock, shares outstanding	6,430,547	6,431,960
Treasury stock, shares	1,948,141	1,943,403

CONSOLIDATED_STATEMENTS_OF_OPE

CONSOLIDATED STATEMENTS OF OPERATIONS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Interest Income:
Interest on loans - related parties	$584,707	$854,384
Interest on loans	599,411	353,796
Total interest income	1,184,118	1,208,180
Interest Expense:
Long term debt - related parties	60,973	41,960
Long term debt	342,767	255,268
Total interest expense	403,740	297,228
Net interest income	780,378	910,952
Provision for loan losses	210,000	475,842
Net interest income after provision for loan losses	570,378	435,110
Noninterest Expense:
Trust administration fee - related parties	250,000	250,000
Loan servicing fee - related parties	133	146
General and administrative - related parties	184,618	21,876
General and administrative	238,781	52,958
Total noninterest expense	673,532	324,980
Net income (loss)	-103,154	110,130
Less: net income attributable to noncontrolling interest	-111,284	0
Net income (loss) attributable to holders of shares of beneficial interest	($214,438)	$110,130
Net income (loss) per share of beneficial interest (in dollars per share)	($0.03)	$0.02
Weighted average shares outstanding (in shares)	6,430,649	6,438,493
Distributions per weighted average share outstanding (in dollars per share)	$0.14	$0.14

CONSOLIDATED_STATEMENTS_OF_CAS

CONSOLIDATED STATEMENTS OF CASH FLOWS (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
Operating Activities
Net income (loss)	($103,154)	$110,130
Adjustments to reconcile net income (loss) to net cash provided by operating activities:
Provision for loan losses	210,000	475,842
Depreciation and amortization	4,125	4,125
Changes in assets and liabilities:
Accrued interest receivable	70,602	-15,046
Accrued interest receivable, related parties	-293,705	-706,165
Other assets	91,512	1,383,771
Accounts payable and accrued liabilities	20,112	-261,050
Accounts payable and accrued liabilities, related parties	456,733	33,500
Net cash provided by operating activities	456,225	1,025,107
Investing Activities
Principal receipts on trust receivables	49,523	31,394
Principal receipts on residential mortgages	0	1,835
Principal receipts on deficiency notes	22,560	1,825
Principal receipts on interim mortgages and deficiency notes, related parties	504,348	152,011
Investments in recourse obligations, related parties	0	-2,157
Principal receipts from recourse obligations, related parties	22,695	0
Principal investments in lines of credit receivable	-4,605,032	-1,493,941
Principal receipts from lines of credit receivable	2,906,303	0
Proceeds from sale of real estate owned	9,839	103,467
Net cash used in investing activities	-1,089,764	-1,205,566
Financing Activities
Proceeds from issuance of shares of beneficial interest	48,237	55,911
Borrowings on lines of credit payable	1,545,408	1,444,064
Repayments on lines of credit payable	-1,157,022	-1,128,543
Proceeds from notes payable	0	190,000
Principal payments on notes payable	-50,000	0
Purchase of treasury stock	-68,756	-68,046
Distributions to shareholders of beneficial interest	-931,776	-932,726
Distributions to noncontrolling interest	-44,023	0
Proceeds from noncontrolling interest preferred equity units	375,000	0
Net cash used in financing activities	-282,932	-439,340
Net decrease in cash and cash equivalents	-916,471	-619,799
Cash and cash equivalents at beginning of period	984,841	1,108,300
Cash and cash equivalents at end of period	68,370	488,501
Supplemental Disclosure of Cash Flow Information
Cash paid during the period for interest	284,600	216,013
Supplemental Disclosure of Noncash Activity:
Increase in residential mortgages	0	47,749
Decrease in participation receivable, related parties	2,478,316	0
Increase in participation payable, related parties	-2,478,316	0
(Increase) decrease in participation accrued interest receivable, related parties	-108,540	-1,615,623
Increase in participation accrued interest payable, related parties	108,540	1,615,623
Decrease in accrued interest receivable, related parties	11,415,330	0
(Increase) in lines of credit receivable	-1,336,237	0
Decrease in accrued interest receivable	1,483,176	0
(Increase) decrease in interim mortgages and deficiency notes, related parties	-14,709,094	317,754
(Increase) in recourse obligations, related parties	-4,246,297	-151,912
(Decrease) in real estate owned	0	-213,592
Decrease lines of credit receivable, related parties	$7,393,122	$0

Nature_of_Business

Nature of Business	3 Months Ended
	Mar. 31, 2015
Accounting Policies [Abstract]
Nature of Operations [Text Block]	1	Nature of Business
	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’s principal investment objectives are to invest our 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) 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;” (v) to 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;” (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.” We collectively refer to the above listed loans as “Mortgage Investments.” Additionally, our portfolio includes obligations of affiliates of our Advisor, which we refer to as “Recourse Obligations” and “Deficiency Notes.”
	The Company has no employees. 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 real estate finance company and affiliate, for its services as our advisor. The Company’s offices are located in Grapevine, Texas.

Basis_of_Presentation

Basis of Presentation	3 Months Ended
	Mar. 31, 2015
Organization, Consolidation and Presentation Of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	2	Basis of Presentation
	The consolidated financial statements include the accounts of the Company and its subsidiaries, in which the Company wholly owns, has a controlling financial interest or both: UMT Home Finance, L.P. (“UMT HF”), UMT Home Finance II, L.P. (“UMT HF II”), UMT Home Finance III, L.P. (“UMT HF III”), United Residential Home Finance, L.P. (“URHF”), UMT LT Trust, UMT Properties, LP and UMT 15th Street, LP. All significant intercompany accounts and transactions have been eliminated. In the opinion of management, all adjustments (consisting of normal recurring adjustments) considered necessary for a fair presentation have been included. These consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“GAAP”) for interim financial information and with the instructions for Form 10-Q and Article 10 of Regulation S-X adopted by the Securities and Exchange Commission (“SEC”). Accordingly, the financial statements do not include all of the information and footnotes required by GAAP for complete financial statements and should be read in conjunction with our consolidated financial statements, and notes thereto, for the year ended December 31, 2014, included in our Annual Report on Form 10-K filed with the SEC on March 31, 2015. Operating results for the three months ended March 31, 2015, are not necessarily indicative of the results that may be expected for the year ended December 31, 2015.

Recent_Accounting_Standards_an

Recent Accounting Standards and Pronouncements	3 Months Ended
	Mar. 31, 2015
New Accounting Pronouncements and Changes in Accounting Principles [Abstract]
New Accounting Pronouncements and Changes in Accounting Principles [Text Block]	3	Recent Accounting Standards and Pronouncements
	In May 2014, the FASB issued Accounting Standards Update No. 2014-09, Revenue from Contracts with Customers (“ASU 2014-09”), which supersedes nearly all existing revenue recognition guidance under GAAP. The core principle of UAS 2014-09 is to recognize revenues when promised goods or services are transferred to customers in an amount that reflects the consideration to which an entity expects to be entitled for those goods or services. ASU 2014-09 defines a five step process to achieve this core principle and, in doing so, more judgment and estimates may be required within the revenue recognition process than are required under existing GAAP. The standard is effective for annual periods beginning after December 15, 2016, and interim periods therein, using either of the following transition methods: (i) a full retrospective approach reflecting the application of the standard in each prior reporting period with the option to elect certain practical expedients, or (ii) a retrospective approach with the cumulative effect of initially adopting ASU 2014-09 recognized at the date of adoption (which includes additional footnote disclosures). We are currently evaluating the impact of our pending adoption of ASU 2014-09 on our consolidated financial statements and have not yet determined the method by which we will adopt the standard in 2017.

Loan_Modification_Related_Part

Loan Modification Related Parties - UMTHLC Deficiency Note and Recourse Obligations	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Loan Modification Agreement Related Parties Disclosure [Text Block]	4	Loan Modification Related Parties – UMTHLC Deficiency Note and Recourse Obligations
	Loan Modification
	Certain of UMT’s affiliates are indebted to UMT pursuant to certain loan arrangements including (i) Deficiency Notes owing from UMTH Lending Company, L.P. (“UMTHLC”), (ii) Recourse Obligations owing from Capital Reserve Group, Inc., South Central Mortgage, Inc. and Ready America Funding Corp. (“RAFC”) and (iii) certain payment obligations of UMT Holdings, L.P. (“UMTH”) in favor of UMT in connection with an indemnification agreement dated December 31, 2005 (the “Indemnification Agreement”) originally executed by UMTH in favor of RAFC, which Indemnification Agreement secures deficiency obligations owing to RAFC by Wonder Funding Corp., an affiliate of RAFC (“Wonder”).
	In late 2013 and early 2014, the foregoing affiliates approached UMT with the proposal to modify the existing loans to:
		⋅	accelerate the repayment schedule and set repayment amounts on an aggregate indebtedness and reduction basis;
		⋅	provide additional security on the indebtedness; and
		⋅	reduce the interest rate to a market rate which would automatically adjust up to 6% upon the failure to make a scheduled payment.
	Following an analysis of the proposal, our Board of Trustees approved the proposed modification of the loans effective as of January 1, 2015.
	On March 25, 2015, and effective as of January 1, 2015, United Mortgage Trust (“UMT”, “us” or “we”) entered into loan modification agreements (“Agreements”) with certain of its affiliated entities which are indebted to UMT under the above-referenced outstanding loan arrangements.
	Summary of Modified Loans
	As modified, each of the existing notes evidencing the indebtedness has been amended and the outstanding indebtedness divided into and evidenced by two new notes – Note No. 1, which matures on December 31, 2017, provided that such date shall be extended by one year for each annual transfer of principal made from Note No. 2, and Note No. 2 which matures on December 31, 2017. The forms of the notes, which are identical for each obligor, except for the principal balances, were included as exhibits to the Report on Form 8-K filed on March 30, 2015.
	Quarterly, such portion of the outstanding principal balance of Note No. 2 as is necessary to restore the outstanding principal balance of Note No. 1 to its initial principal balance shall be transferred from Note No. 2 to Note No. 1 and such transferred principal balance shall become part of the outstanding principal balance of Note No. 1, payable in accordance with, and subject to all of the terms and conditions of Note No. 1. This process will be repeated for each note until all of the indebtedness has been paid.
	The interest rate of all Notes No. 1 is equal to the higher of: (a) 1.75% or (b) the imputed interest/applicable federal rate rules set forth in Sections 483 or 1274 of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (“AFR”) and the interest rate on all Notes No. 2 is equal to the higher of: (a) 2.70% or (b) the AFR.
	The modified notes require the payment of a minimum cumulative quarterly payment and a minimum cumulative annual payment from all of the obligors. The failure to make the minimum cumulative annual payment within 30 days after notice of such failure or the commission of any act of bankruptcy, general assignment for the benefit of creditors, or any existence of a proceeding under any insolvency or bankruptcy law by or against any obligor constitutes a default under all of the notes. Upon the occurrence of an event of default, the interest rate is automatically increased to 6% per annum from the date of such default until the entire outstanding balance of principal and interest is paid.
	Security
	Previously, the security for the Deficiency Notes from UMTHLC consisted of the limited guaranty of our Advisor, UMTH General Services, L.P. (“UMTHGS”), including the pledge of up to 33% of the advisory fee received by UMTHGS. Previously, the security for the Recourse Obligations consisted 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.
	The new cross-collateralized security provided for the modified loans consists of:
	The same security as provided earlier plus:
		⋅	pledge by the limited partners of UMTH of the distributions of previously unencumbered UMTH Series D Units;
		⋅	assignment by UMTH of certain fees to which UMTH is entitled under certain securitization transactions;
		⋅	assignment general partnership distributions by UMTH as the general partner of United Residential Home Finance, L.P.
		⋅	assignment of general partnership distributions by UMT HF GP Manager, LLC as the general partner of UMT Home Finance III, L.P.;
		⋅	assignment of general partnership distributions by UMT HF GP Manager, LLC as the General Partner of UMT Home Finance II, LP;
		⋅	assignment of general partnership distributions by UMT HF Manager, LLC as the General Partner of UMT Home Finance, LP;
		⋅	assignment of general partner distributions by UMT HF GP MANAGER, LP as the General Partner of UMT Residential Home Finance, L.P.;
		⋅	assignment by UMTH Land Development, L.P. (“UMTHLD”) of all loan origination and servicing fees payable to UMTHLD with respect to construction loans originated by UMTHLD in which loans the Obligors take an invested interest; and
		⋅	assignment by UMTHGS of all advisory and debt placement fees payable to it under the Advisory Agreement dated effective January 1, 2009 between UMT and UMTHGS.
	Application of the proceeds from foreclosure upon the security on the modified notes will be applied to the outstanding indebtedness of the various affiliates in a specified order of priority as described in the summary of security provided below.
	The assignments of fees and assignments of limited and general partnership distributions are respectively essentially identical, for each assignee except as regards the entity involved, specific fees and the number of units being assigned. Forms of those assignments, charts summarizing the modified loans and the security on the modified loans are included in the exhibits to our Report on Form 8-K filed on March 30, 2015.

Deficiency_Notes_Related_Party

Deficiency Notes - Related Party and Non Related Party	3 Months Ended
	Mar. 31, 2015
Deficiency Notes [Abstract]
Deficiency Notes [Text Block]		5	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 March 31, 2015, the Company had two deficiency notes with non-related parties totaling approximately $3,236,000. One note in the amount of approximately $1,703,000 bears interest at a rate of 14% per annum. The second note in the amount of approximately $1,533,000 had a reserve of approximately $801,000. The Company does not accrue interest on this note as the underlying collateral value approximates the note balance, net of reserves.
	As of December 31, 2014, the Company had two deficiency notes with non-related parties totaling of approximately $3,258,000. 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 $1,533,000 had a reserve of approximately $591,000. The Company does not accrue interest on this note as the underlying collateral value approximates the note balance, net of reserves.
	As of December 31, 2007, UMTH Lending Company, L.P. (“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, 2014 was approximately $28,740,000. Effective January 1, 2015, UMT entered into a loan modification agreement (“Agreement”) with UMTH in which the UMTHLC indebtedness is evidenced by two notes – Note 1 which bears interest at the rate of 1.75% and Note 2 which bears interest at the rate of 2.70%. Both notes mature on December 31, 2017. Under the terms of the modification agreement the following amounts were rolled into the modified UMTHLC Deficiency Note: (1) accrued interest of approximately $3,333,000, (2) the principal balance and related accrued interest of the UMTHLC Promissory Note of approximately $11,376,000. As of March 31, 2015, the total outstanding principal balance of the modified UMTHLC Deficiency Notes was approximately $42,945,000. From December 31, 2007 through March 31, 2015 the Company has received approximately $9,814,000 in aggregate principal and interest payments under the UMTHLC Promissory Note. Please see Note 4 above for additional information regarding the Agreement.
	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 their respective current operational needs, as well as to 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 these loans.

Related_Party_Transactions

Related Party Transactions	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Related Party Transactions Disclosure [Text Block]	6	Related Party Transactions
	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 originated interim loans that were assigned to the Company, UMTH Land Development, L.P., (“UMTHLD”), a Texas limited partnership which holds a 50% profit interest in United Development Funding, L.P., (“UDF”) a Nevada limited partnership that is affiliated with the Company’s Advisor, UMTHGS and acts as UDF's asset manager, and Prospect Service Corp. (“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 Capital Reserve Group (“CRG”), Ready America Funding Corp (“RAFC”), and South Central Mortgage, Incorporated (“SCMI”), a Texas corporation that sold mortgage investments to the Company, under the Secured Notes (see the discussion under “Recourse Obligations” below).  United Development Funding III, L.P., a Delaware limited partnership, (“UDF III”) which is managed by UMTHLD, has previously provided a limited guarantee of the line of credit extended by the Company to UDF and has purchased an economic participation in a revolving credit facility the Company 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  outstanding principal balance on this line of credit at December 31, 2014 was approximately $7,577,000. Effective January 1, 2015, the outstanding principal balance on this line of credit and related accrued interest of approximately $3,800,000 was rolled into the UMTHLC Deficiency Note in accordance with the Agreement described in Note 4 above.
	See Note 5 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 March 31, 2015 and December 31, 2014 was approximately $15,830,000, respectively.
	5) Wonder Funding, LP (“Wonder”) is a Delaware limited partnership that is owned by RMC. RMC is beneficially owned by Craig Pettit, a partner of UMTH and the sole proprietor of two companies that own 50% of RAFC. Wonder is in the business of financing interim loans for the purchase of land and the construction of single family homes and the purchase and renovation of single family homes. The Company has ceased funding any new originations. As of March 31, 2015 and December 31, 2014, respectively, 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 a Texas corporation that is 50% owned by Todd Etter (a UMTH partner) and William Lowe (a former UMTH partner), which owns the Advisor, (b) RAFC, which is owned by SCMI and two companies owned by Craig Pettit, Eastern Intercorp, Inc. and 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 (“Recourse Obligations”).  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 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 units and Class D units of limited partnership interest of UMT Holdings held by each originating company.
	Name		Initial			Balance at			Promissory Note			Units/			C Units	Units/	Estimated
			principal			March 31,			principal			indemnification			distributed	indemnification	Collateral
			amount			2015			amount (2)			pledged as security			during	remaining	Value (3)
															2015
	CRG		$	2,725,442		$	4,847,503		$	4,300,000			4,984 Class C and 2,710 Class D		23	2,452 Class C and 2,710 Class D	$	5,027,000
	RAFC		$	3,243,369		$	10,182,018		$	7,100,000			11,228Class C & 6,659 Class D		81	8,148 Class C & 6,659 Class D	$	10,560,000
	SCMI		$	3,295,422		$	3,785,037		$	3,488,643			4,545 Class C and 3,000 Class D		9	1,254 Class C and 3,000 Class D	$	3,656,000
	RAFC / Wonder(1)		$	1,348,464		$	2,101,831		$	1,400,000			1,657 Class C		14	1,456 Class C	$	1,471,000
	Wonder Indemnification (1)			n/a			n/a			n/a			$1,134,000		-	n/a	$	822,000
	Totals		$	10,612,697		$	20,916,389		$	16,288,643							$	21,536,000
		-1	Wonder is collateralized by an indemnification agreement from RMC in the original amount of $1,134,000, of which approximately $822,000 remains, and the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.
		-2	The CRG, RAFC, SCMI and Wonder balances at March 31, 2015, exceeded the stated principal amount per their variable Secured Notes by approximately $547,000, $3,082,000, $296,000 and $702,000, 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 originally anticipated and outpaced the minimum principal reductions scheduled for the loans.
		-3	Estimated collateral value reflects pledge of C and D units of limited partnership interest of UMTH held by WLL, Ltd. (“WLL”), RAFC and KLA, Ltd. (“KLA”) 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 were extended through December 31, 2014.
	Effective January 1, 2015, UMT entered into loan modification agreements with certain of its affiliated entities which are indebted to UMT under certain outstanding loan arrangements including Recourse Obligations owing from Capital Reserve Group, Inc., South Central Mortgage, Inc., Ready America Funding Corp. (“RAFC”) and (iii) certain payment obligations of UMT Holdings, L.P. (“UMTH”) in favor of UMT in connection with an indemnification agreement dated December 31, 2005 (the “Indemnification Agreement”) originally executed by UMTH in favor of RAFC, which Indemnification Agreement secures deficiency obligations owing to RAFC by Wonder Funding Corp., an affiliate of RAFC (“Wonder”). The  total principal balance of all Recourse Obligations at December 31, 2014 was approximately $20,191,000. Effective January 1, 2015, UMT entered into loan modification agreements (“Agreements”) with certain of its affiliated entities which are indebted to UMT under certain outstanding loan arrangements including Recourse Obligations owing from Capital Reserve Group, Inc., South Central Mortgage, Inc., Ready America Funding Corp. (“RAFC”). Under the terms of the Agreements, the Recourse Obligation indebtedness, owed by each affiliated entity, is evidenced by two notes – Note 1 which bears interest at the rate of 1.75% and Note 2 which bears interest at the rate of 2.70%. Both notes mature on December 31, 2017. Under the terms of the Agreements, net accrued interest of approximately $748,000 was added to the principal balance of the Recourse Obligations. As of March 31, 2015, the total outstanding principal balance of the Recourse Obligations was approximately $20,916,000. From December 31, 2005 through March 31, 2015 the Company has received approximately $5,733,000 in aggregate principal and interest payments under the Recourse Obligations. Please see Note 4 above for additional information regarding the Agreements.
	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 loans.
	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 Class D ownership units of UMTH. These units represent capital shares in UMTH and are eligible for, and receive, quarterly distributions from UMTH. 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 their obligations under the guaranties 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:
		-	UMTH. This guaranty is limited to a maximum of $1,153,426 of all amounts due under the Secured Notes.
		-	WLL, 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 UMTH.
		-	KLA. 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 secured by an assignment of 3,000 of Guarantor’s Class D units of partnership interest in UMTH (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 secured by a pledge of 1,355 of Guarantor’s Class D units of partnership interest in UMTH.
	In addition, WLL has obligations to UMTH under an indemnification agreement between UMTH, WLL and William Lowe, under which UMTH is indemnified for certain losses on loans and advances made to William Lowe by UMTH. That indemnification agreement allows UMTH to offset any amounts subject to indemnification against distributions made to WLL with respect to the Class C and Class D units of limited partnership interest held by WLL. Because WLL 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, UMTH and the Company entered into an Intercreditor and Subordination Agreement under which UMTH has agreed to subordinate its rights to offset amounts owed to it by WLL to the Company’s lien on such units.
	These loans were reviewed by management and no loss reserves on principal amounts are deemed necessary at March 31, 2015.
	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 September 30, 2014, the line of credit was increased from $82,000,000 to $84,674,672 and effective December 31, 2014, the line of credit was extended and matures on December 31, 2015.
	The UDF I 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%. Effective December 31, 2014, the line of credit was extended and matures on December 31, 2015.
	UDF may use the UDF I 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 UDF I 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 UDF I Loan.
	Pursuant to the Economic Interest Agreement, each time UDF requests an advance of principal under the UDF I Loan, UDF III will fund the required amount to UMT and UDF III’s economic interest in the UDF I Loan increases proportionately.  Because these advances are funded by UDF III and UMT recognizes an offsetting participation payable amount to UDF III, the Company does not earn any net interest income on the advances made under the Economic Interest Participation Agreement. UDF III’s economic interest in the UDF I 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 UDF I 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 UDF I 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 UDF I Loan and the Security Agreement, including participation in the management and control of the UMT Loan.  UMT will continue to manage and control the UDF I Loan while UDF III owns an economic interest in the UDF I 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 UDF I Loan. UDF III had funded approximately $72,209,000 and $74,687,000 to UDF under the Economic Interest Participation Agreement at March 31, 2015 and December 31, 2014, respectively. UMT had funded approximately $8,764,000 and $8,580,000 to UDF under this agreement at March 31, 2015 and December 31, 2014, respectively.
	On July 22, 2013, the Company entered into a guaranty agreement (the “URHF Guaranty”) pursuant to which UDF IV guaranteed all amounts due associated with the URHF $15,000,000 revolving credit facility. The Company agreed to pay UDF IV a monthly credit enhancement fee equal to 1/12th of 1% of the outstanding principal balance on the above term line of credit facility at the end of each month.
	The following table summarizes the related party lines of credit receivable as of March 31, 2015 and December 31, 2014:
			2015			2014
	UDF I		$	8,764,000		$	8,580,000
	UDF III Economic Interest Participation Agreement			72,209,000			74,687,000
	UMTHLC			-			7,577,000
	Balance, end of period		$	80,973,000		$	90,844,000
	8) Loans made to affiliates of the Advisor. The table below sets forth the aggregate principal amount of mortgages funded during the three months ended March 31, 2015 and 2014, respectively, to the companies affiliated with the Advisor, named in the table and aggregate amount of draws made by UDF under the line of credit, during the quarter indicated:
	Related Party Company		2015			2014
	UDF		$	184,000			-
	9) As of August 1, 2006, (now subject to an Advisory Agreement effective January 1, 2009) 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. During the three months ended March 31, 2015 and March 31, 2014, the expenses for the Company’s Advisor were approximately $250,000 for both periods and actual payments were approximately, $88,000, and $250,000, 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 approximately $19,000 and $34,000, during the three months ended March 31, 2015 and March 31, 2014, respectively, and expensed approximately $19,000 in both the three months ended March 31, 2015 and March 31, 2014, associated with providing shareholder relations activities.
	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 2015 or 2014. 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 March 31, 2015, 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 an Affiliate 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 no debt placement fees during the three months ended March 31, 2015 and March 31, 2014, respectively, and expensed approximately $21,000 and $20,000, during the three months ended March 31, 2015 and March 31, 2014, respectively. These fees are amortized monthly, as an adjustment to interest expense, over the term of the credit facility agreements described in Note 7.
	10) The Company pays loan servicing fees to PSC, a subsidiary of UMTH, under the terms of a Mortgage Servicing Agreement. The Company paid no loan servicing fees in the three month period ended March 31, 2015 and 2014, respectively.
	11) The Company pays “guarantee” credit enhancement fees to UDF III, as specified under the terms of the UDF Guarantee agreement. In the three months ended March 31, 2015 and March 31, 2014 the credit enhancement expenses were approximately $40,000 and $22,000, respectively, and the Company paid approximately $16,000, and $18,000 in the three months ending March 31, 2015 and March 31, 2014, respectively.
	12) UDF IV, a related party, is reimbursed for its degree of invested “participatory” interest in the Company’s construction loans, the degree of invested interest is not to exceed $2,000,000. The Company made payments of such participation interest, as a net amount against the construction loan interest, in the three months ended March 31, 2015 and March 31, 2014 of approximately $352,000 and $1,058,000, respectively.
	13) The Company pays UMTHLD administrative and origination fees for the Construction Loans in which UDF affiliates take an invested interest in. The fees are withheld from construction draws funded to the borrower and are in turn paid directly to UMTHLD. In the three months ended March 31, 2015 and March 31, 2014, payments were made for the above administrative and origination fees of approximately $9,000, and $92,000, respectively.
	The table below summarizes the approximate payments associated with related parties for the three months ended March 31, 2015 and 2014:
	Related Party Payments:
				For Three Months Ended
Payee		Purpose		March 31, 2015						March 31, 2014
UMTHGS		Trust administration fees		$	88,000		82	%		$	250,000		88	%
UMTHGS		General & administrative - Shareholder Relations			19,000		18	%			34,000		12	%
				$	107,000		100	%		$	284,000		100	%
UDF III		Credit Enhancement Fees			16,000		100	%			18,000		100	%
UDF IV		Participation Interest Paid			352,000		100	%			1,058,000		100	%
UMTHLD		Admin and Origination Fees Paid			9,000		100	%			92,000		100	%
The table below summarizes the approximate expenses associated with related parties for the three months ended March 31, 2015 and 2014:
Related Party Expenses:
				For Three Months Ended
Payee		Purpose		31-Mar-15						31-Mar-14
UMTHGS		Trust administration fees		$	250,000		93	%		$	250,000		93	%
UMTHGS		General & administrative - Shareholder Relations			19,000		7	%			19,000		7	%
UMTHGS		General & administrative - Misc.			-		0	%			-		-
				$	269,000		100	%		$	269,000		100	%
PSC		General & administrative - Misc.			-		-				3,000		100	%
				$	-		-			$	3,000		100	%
UMTH		Debt Placement Fees			21,000		100	%			20,000		100	%
UDF III		Credit Enhancement Fees			40,000		100	%			22,000		100	%

Fair_Value_of_Financial_Instru

Fair Value of Financial Instruments	3 Months Ended
	Mar. 31, 2015
Fair Value Disclosures [Abstract]
Fair Value Disclosures [Text Block]	7	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 affiliates and accounts payable and accrued liabilities (including affiliates) approximate the carrying value due to the relatively short maturity of these instruments. The carrying value of investments in residential mortgages, interim mortgages (including affiliates), lines of credit (including affiliates), recourse obligations from affiliates, notes payable, deficiency notes (including affiliates) and the Company’s line of credit payable also approximate fair value since these instruments bear market rates of interest. None of these instruments are held for trading purposes.

Lines_of_Credit_Payable

Lines of Credit Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Long-term Debt [Text Block]	8	Lines of Credit Payable
	During August 2009, the Company entered into a revolving line of credit facility with Texas Capital 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 $4,998,000 and $4,454,000 at March 31, 2015 and December 31, 2014, respectively. This credit facility contains financial covenants that require UMT HF to maintain a leverage ratio, tangible net worth and net income within certain bounds as proscribed in the loan agreement. As of March 31, 2015, the Company was in compliance with all of its debt covenants and none of these covenants restrict the Company’s ability to obtain future financing from other lenders.
	On May 27, 2011, the Company entered into a revolving line of credit facility with Veritex Community 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 was May 27, 2014. Effective May 27, 2014 this term line of credit facility was renewed with the lender, the loan commitment was increased to $5,000,000 and principal and all unpaid interest will be due at maturity, May 27, 2017. All other terms remain the same. 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 March 31, 2015 and December 31, 2014 was approximately $3,106,000 and $3,618,000, respectively. This credit facility contains a financial covenant that requires UMTHF III to maintain a leverage ratio within certain bounds as prescribed in the loan agreement. As of March 31, 2015, the Company was in compliance with all of its debt covenants and none of these covenants restrict the Company’s ability to obtain future financing from other lenders.
	On October 26, 2011, the Company entered into a revolving line of credit facility with Green 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 was due at maturity on October 26, 2014. The loan was extended to May 31, 2015. The Company is pursuing refinancing this loan with another bank under the same terms. 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 March 31, 2015 and December 31, 2014 was approximately $381,000 and $697,000, respectively. This credit facility contains financial covenants that require HF II to maintain a leverage ratio, tangible net worth and total liabilities to tangible net worth within certain bounds as proscribed in the loan agreement. As of March 31, 2015, the Company was in compliance with all of its debt covenants and none of these covenants restrict the Company’s ability to obtain future financing from other lenders.
	On July 22, 2013, the Company entered into a revolving line of credit facility with Southwest 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 was due at maturity which was January 16, 2015 for approximately $3,200,000 and May 6, 2017 for the remaining  $2,509,000 of the outstanding balance. The loan balance that matured on January 16, 2015 was renewed under the same terms with a new maturity date of January 16, 2018. 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 March 31, 2015 and December 31, 2014 was approximately $5,709,000 and $5,037,000, respectively. This credit facility contains financial covenants that require URHF to maintain an interest coverage ratio, tangible net worth and leverage ratio within certain bounds as proscribed in the loan agreement. As of March 31, 2015, the Company was in compliance with all of its debt covenants and none of these covenants restrict the Company’s ability to obtain future financing from other lenders.
	Below is a Five Year Maturity Schedule of all lines of credit payable:
	Lines of Credit Payable		Amount
	Maturity
	2015		$	5,379,000
	2016			-
	2017			5,615,000
	2018			3,200,000
	2019			-
	Thereafter			-
	Total		$	14,194,000

Notes_Payable

Notes Payable	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	9	Notes Payable
	On April 21, 2010, the Company entered into a term loan credit facility with Community Trust 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, 2014, a modification extended the maturity date to February 19, 2015. Effective February 18, 2015, a modification was executed extending the maturity date to July 30, 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 both March 31, 2015 and December 31, 2014 was approximately $569,000.
	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. Periodic payments are due and payable through December 2019. As of March 31, 2015 and December 31, 2014, approximately $4,749,000 was outstanding.
	As of March 31, 2015 and December 31, 2014, the Company had twenty-three notes payable to various non-related parties totaling approximately $2,052,000 and $2,102,500, respectively. 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.
	Below is a Five Year Maturity Schedule of all notes payable:
	Notes Payable Maturity		Amount
	2015		$	-
	2016			569,000
	2017			300,000
	2018			305,000
	2019			4,697,000
	Thereafter			1,499,000
	Total		$	7,370,000

URHF_Preferred_Equity_Offering

URHF Preferred Equity Offering	3 Months Ended
	Mar. 31, 2015
Private Equity Offering [Abstract]
Private Equity Offering [Text Block]	10	URHF Preferred Equity Offering
	On February 24, 2014, the Company initiated a private offering of Preferred Limited Partner Equity Units (“Preferred Equity Units”) to accredited investors (“Preferred Equity Unit Holders”). The Preferred Equity Units to Preferred Equity Unit Holders are being offered by URHF. URHF is a Delaware limited partnership formed for the purpose of investing in loans made to fund the acquisition of land and development of single family lots, loans for the acquisition of finished lots, loans secured by model homes and loans for the construction of new homes (“Loans”). URHF will issue up to $15.5 million in 5.5% Preferred Limited Partner Equity Units to Preferred Equity Unit Holders who will become Limited Partners in URHF. Each Preferred Equity Unit represents a 0.3225% ownership interest in the Partnership based upon a total of three hundred ten (310) Preferred Units. Preferred Equity Unit ownership interest does not include a General Partner Interest or a Limited Partner Interest owned by the Original Limited Partner, United Mortgage Trust. The offering of the Preferred Equity Units 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 March 31, 2015 and December 31, 2014, 91 and 84 Preferred Units had been sold for $4,569,000 and $4,194,000, respectively. The Preferred Equity Units are reflected as Noncontrolling Interest on the consolidated financial statements.

Share_Redemption_Program_and_D

Share Redemption Program and Dividend Reinvestment Plan	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Note [Abstract]
Stockholders' Equity Note Disclosure [Text Block]	11	Share Redemption Program and Dividend Reinvestment 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, (“SRP”).  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, 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 “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 our Board of Trustees no less frequently than each calendar quarter. For reference, at March 31, 2015 and December 31, 2014, the NAV was $14.70 and $14.81 per share, respectively. 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. Shares are redeemed quarterly in the order that they are presented. Any shares not redeemed in any quarter are carried forward to the subsequent quarter unless the redemption request is withdrawn by the shareholder. Repurchases are subject to cash availability and Trustee discretion. We have also purchased a limited number of shares outside of our SRP from shareholders pursuant to hardship requests. The Board received redemption requests for 26,383 shares and 4,738 shares were approved and redeemed during the three months ended March 31, 2015.
	Share repurchases have been at prices between $14.51 and $20 per share. Shares repurchased at the lower price were 1) shares held by shareholders for less than 12 months or 2) shares purchased outside of our SRP. Our stated NAV at March 31, 2015 and December 31, 2014, was $14.70 and $14.81 per share, respectively.
	The Company complies with Distinguishing Liabilities from GAAP, 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. We believe that shares tendered for redemption by shareholders 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, we will reclassify such obligations from equity to an accrued liability based upon their respective settlement values.
	For the three months ended March 31, 2015, we have made the following distributions to our shareholders of beneficial interest:
	Period Ended		Date Paid			Distribution Amount
	31-Dec-14		30-Jan-15		$	310,634
	31-Jan-15		2-Mar-15			310,570
	28-Feb-15		27-Mar-15			310,572
					$	931,776
	For the three months ended March 31, 2015, we have made the following distributions to our preferred limited partners of URHF:
	Period Ended		Date Paid		Distribution Amount
	December, 2014		22-Jan-15		$	44,023
					$	44,023
	For the three months ended March 31, 2015, we paid total distributions of $975,799 ($927,562 in cash and $48,237 in shares of beneficial interest pursuant to our DRP), as compared to cash flows from operations of $456,226. For the three months ended March 31, 2014, we paid distributions of $932,726 ($876,815 in cash and $55,911 in shares of beneficial interest pursuant to our DRP), as compared to cash flows from operations of $1,025,107. For the period from our inception through March 31, 2015, we paid distributions of approximately $105.8 million (approximately $82.7 million in cash and approximately $23.1 million in shares of beneficial interest pursuant to our DRP), as compared to cumulative cash flows from operations of approximately $83.8 million and cumulative net income of approximately $85.2 million.
	The distributions to our shareholders paid during the three months ended March 31, 2015 and 2014, along with the amount of distributions reinvested pursuant to our DRP and the sources of our distributions were as follows:
			For the Three Months Ended March 31,
			2015					2014
	Distributions paid in cash		$	927,562				$	876,815
	Distributions reinvested			48,237					55,911
	Total distributions		$	975,799				$	932,726
	Source of distributions:
	Cash flow from operations		$	456,226		47	%	$	1,025,107		110	%
	Proceeds from issuance of shares			48,237		5	%		55,911		6	%
	Borrowing under credit facilities and notes payable			471,336		48	%		-148,292		-16	%
	Total sources		$	975,799		100	%	$	932,726		100	%
	The following table sets forth information relating to shares of beneficial interest repurchased into treasury during the period covered by this report.
	Month		Total number of			Average Purchase			Total number of			Total number of
			shares repurchased			Price			shares purchased as			shares purchased
									part of a publicly			outside of plan
									announced plan
	January			2,422		$	14.51			2,422			-
	February			2,316		$	14.51			2,316			-
	March			-			-			-			-
	Totals			4,738		$	14.51			4,738			-
	Effective April 15, 2015, pursuant to the terms of our Dividend Reinvestment Plan (“DRP”), the Board of Trustees elected to suspend the DRP until further notice. Please refer to our Report on Form 8-K filed on March 3, 2015 for further information about the suspension of the DRP.

Related_Party_Transactions_Tab

Related Party Transactions (Tables)	3 Months Ended
	Mar. 31, 2015
Related Party Transactions [Abstract]
Schedule Of Recourse Obligations, Related Party [Table Text Block]	The Secured Notes (including related guaranties discussed below) are secured by an assignment of the distributions on the Class C units and Class D units of limited partnership interest of UMT Holdings held by each originating company.
	Name		Initial			Balance at			Promissory Note			Units/			C Units	Units/	Estimated
			principal			March 31,			principal			indemnification			distributed	indemnification	Collateral
			amount			2015			amount (2)			pledged as security			during	remaining	Value (3)
															2015
	CRG		$	2,725,442		$	4,847,503		$	4,300,000			4,984 Class C and 2,710 Class D		23	2,452 Class C and 2,710 Class D	$	5,027,000
	RAFC		$	3,243,369		$	10,182,018		$	7,100,000			11,228Class C & 6,659 Class D		81	8,148 Class C & 6,659 Class D	$	10,560,000
	SCMI		$	3,295,422		$	3,785,037		$	3,488,643			4,545 Class C and 3,000 Class D		9	1,254 Class C and 3,000 Class D	$	3,656,000
	RAFC / Wonder(1)		$	1,348,464		$	2,101,831		$	1,400,000			1,657 Class C		14	1,456 Class C	$	1,471,000
	Wonder Indemnification (1)			n/a			n/a			n/a			$1,134,000		-	n/a	$	822,000
	Totals		$	10,612,697		$	20,916,389		$	16,288,643							$	21,536,000
		-1	Wonder is collateralized by an indemnification agreement from RMC in the original amount of $1,134,000, of which approximately $822,000 remains, and the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.
		-2	The CRG, RAFC, SCMI and Wonder balances at March 31, 2015, exceeded the stated principal amount per their variable Secured Notes by approximately $547,000, $3,082,000, $296,000 and $702,000, 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 originally anticipated and outpaced the minimum principal reductions scheduled for the loans.
		-3	Estimated collateral value reflects pledge of C and D units of limited partnership interest of UMTH held by WLL, Ltd. (“WLL”), RAFC and KLA, Ltd. (“KLA”) 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 Affiliate Lines Of Credit Receivable [Table Text Block]	The following table summarizes the related party lines of credit receivable as of March 31, 2015 and December 31, 2014:
			2015			2014
	UDF I		$	8,764,000		$	8,580,000
	UDF III Economic Interest Participation Agreement			72,209,000			74,687,000
	UMTHLC			-			7,577,000
	Balance, end of period		$	80,973,000		$	90,844,000
Schedule Of Loan Made To Affiliate [Table Text Block]	The table below sets forth the aggregate principal amount of mortgages funded during the three months ended March 31, 2015 and 2014, respectively, to the companies affiliated with the Advisor, named in the table and aggregate amount of draws made by UDF under the line of credit, during the quarter indicated:
	Related Party Company		2015			2014
	UDF		$	184,000			-
Schedule of Related Party Transactions [Table Text Block]	The table below summarizes the approximate payments associated with related parties for the three months ended March 31, 2015 and 2014:
	Related Party Payments:
					For Three Months Ended
	Payee		Purpose		March 31, 2015						March 31, 2014
	UMTHGS		Trust administration fees		$	88,000		82	%		$	250,000		88	%
	UMTHGS		General & administrative - Shareholder Relations			19,000		18	%			34,000		12	%
					$	107,000		100	%		$	284,000		100	%
	UDF III		Credit Enhancement Fees			16,000		100	%			18,000		100	%
	UDF IV		Participation Interest Paid			352,000		100	%			1,058,000		100	%
	UMTHLD		Admin and Origination Fees Paid			9,000		100	%			92,000		100	%
Schedule Of General and Administrative Expense Related Party [Table Text Block]	The table below summarizes the approximate expenses associated with related parties for the three months ended March 31, 2015 and 2014:
	Related Party Expenses:
					For Three Months Ended
	Payee		Purpose		31-Mar-15						31-Mar-14
	UMTHGS		Trust administration fees		$	250,000		93	%		$	250,000		93	%
	UMTHGS		General & administrative - Shareholder Relations			19,000		7	%			19,000		7	%
	UMTHGS		General & administrative - Misc.			-		0	%			-		-
					$	269,000		100	%		$	269,000		100	%
	PSC		General & administrative - Misc.			-		-				3,000		100	%
					$	-		-			$	3,000		100	%
	UMTH		Debt Placement Fees			21,000		100	%			20,000		100	%
	UDF III		Credit Enhancement Fees			40,000		100	%			22,000		100	%

Lines_of_Credit_Payable_Tables

Lines of Credit Payable (Tables)	3 Months Ended
	Mar. 31, 2015
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:
	Lines of Credit Payable	Amount
	Maturity
	2015	$	5,379,000
	2016		-
	2017		5,615,000
	2018		3,200,000
	2019		-
	Thereafter		-
	Total	$	14,194,000

Notes_Payable_Tables

Notes Payable (Tables)	3 Months Ended
	Mar. 31, 2015
Debt Disclosure [Abstract]
Schedule Of Maturities Of Notes Payable [Table Text Block]	Below is a Five Year Maturity Schedule of all notes payable:
	Notes Payable Maturity	Amount
	2015	$	-
	2016		569,000
	2017		300,000
	2018		305,000
	2019		4,697,000
	Thereafter		1,499,000
	Total	$	7,370,000

Share_Redemption_Program_and_D1

Share Redemption Program and Dividend Reinvestment Plan (Tables)	3 Months Ended
	Mar. 31, 2015
Stockholders Equity Note [Abstract]
Schedule Of Share Redemption Program [Table Text Block]	The following table sets forth information relating to shares of beneficial interest repurchased into treasury during the period covered by this report.
	Month	Total number of			Average Purchase			Total number of			Total number of
		shares repurchased			Price			shares purchased			shares purchased
								as part of a			outside of plan
								publicly
								announced plan
	January		2,422		$	14.51			2,422			-
	February		2,316		$	14.51			2,316			-
	March		-			-			-			-
	Totals		4,738		$	14.51			4,738			-
Schedule of Dividends Payable [Table Text Block]	For the three months ended March 31, 2015, we have made the following distributions to our shareholders of beneficial interest:
	Period Ended	Date Paid			Distribution Amount
	31-Dec-14	30-Jan-15		$	310,634
	31-Jan-15	2-Mar-15			310,570
	28-Feb-15	27-Mar-15			310,572
				$	931,776
Distributions Made to Limited Partner, by Distribution [Table Text Block]	For the three months ended March 31, 2015, we have made the following distributions to our preferred limited partners of URHF:
	Period Ended	Date Paid		Distribution Amount
	December, 2014	22-Jan-15		$	44,023
				$	44,023
Schedule Of Distributions Made To ShareHolders And Sources Of Distributions [Table Text Block]	The distributions to our shareholders paid during the three months ended March 31, 2015 and 2014, along with the amount of distributions reinvested pursuant to our DRP and the sources of our distributions were as follows:
		For the Three Months Ended March 31,
		2015					2014
	Distributions paid in cash	$	927,562				$	876,815
	Distributions reinvested		48,237					55,911
	Total distributions	$	975,799				$	932,726
	Source of distributions:
	Cash flow from operations	$	456,226		47	%	$	1,025,107		110	%
	Proceeds from issuance of shares		48,237		5	%		55,911		6	%
	Borrowing under credit facilities and notes payable		471,336		48	%		-148,292		-16	%
	Total sources	$	975,799		100	%	$	932,726		100	%

Loan_Modification_Related_Part1

Loan Modification Related Parties - UMTHLC Deficiency Note and Recourse Obligations (Details Textual)	1 Months Ended	3 Months Ended
	Jan. 31, 2015	Mar. 31, 2015
Debt Instrument Default Effective Percentage		6.00%
Obligation Percentage Of The Adivisory Fee		33.00%
Debt Instrument, Debt Default, Description of Notice of Default		Upon the occurrence of an event of default, the interest rate is automatically increased to 6% per annum from the date of such default until the entire outstanding balance of principal and interest is paid.
Note One [Member]
Debt Instrument, Interest Rate Terms		(a) 1.75% or (b) the imputed interest/applicable federal rate
Debt Instrument, Maturity Date	31-Dec-17	31-Dec-17
Note Two [Member]
Debt Instrument, Interest Rate Terms		(a) 2.70% or (b) the AFR
Debt Instrument, Maturity Date	31-Dec-17	31-Dec-17

Deficiency_Notes_Related_Party1

Deficiency Notes - Related Party and Non Related Party (Details Textual) (USD $)	87 Months Ended	3 Months Ended	12 Months Ended	1 Months Ended
	Mar. 31, 2015	Mar. 31, 2015	Dec. 31, 2014	Jan. 31, 2015	Dec. 31, 2007
Notes Receivable Net	$3,235,770	$3,235,770	$3,258,330
Notes Receivable Related Parties	42,944,601	42,944,601	28,739,855
Non Related Party [Member]
Notes Receivable Net	3,236,000	3,236,000	3,258,000
UMTHLC Deficiency Note [Member]
Financing Receivable, Modifications, Recorded Investment	42,945,000	42,945,000
UMTHLC Promissory Note [Member]
Debt Instrument, Periodic Payment	9,814,000
Note One [Member] | Non Related Party [Member]
Notes Receivable Net	1,703,000	1,703,000	1,725,000
Notes Receivable Stated Interest Rate		14.00%	14.00%
Note Two [Member] | Non Related Party [Member]
Notes Receivable Net	1,533,000	1,533,000	1,533,000
Allowance for loan losses - deficiency notes	801,000	801,000	591,000
UMTHLC [Member]
Variable Interest Promissory Note Face Amount					5,100,000
Notes Receivable Related Parties			28,740,000		1,848,000
Financing Receivable, Modifications, Recorded Investment	11,376,000	11,376,000
Financing Receivable, Recorded Investment, Past Due	$3,333,000	$3,333,000
UMTHLC [Member] | Note One [Member]
Notes Receivable Stated Interest Rate				1.75%
Debt Instrument, Maturity Date				31-Dec-17
UMTHLC [Member] | Note Two [Member]
Notes Receivable Stated Interest Rate				2.70%
Debt Instrument, Maturity Date				31-Dec-17

Related_Party_Transactions_Det

Related Party Transactions (Details) (USD $)	Mar. 31, 2015		Dec. 31, 2014	Dec. 31, 2005
Initial principal amount	$10,612,697
Balance	20,916,389		20,190,990
Promissory Note principal amount	16,288,643	[1]
Estimated Collateral Value	21,536,000	[2]
CRG [Member]
Initial principal amount	2,725,442
Balance	4,847,503
Promissory Note principal amount	4,300,000	[1]
Estimated Collateral Value	5,027,000	[2]
CRG [Member] | C Units [Member]
C Units distributed	23
CRG [Member] | Class C [Member]
Units/ indemnification pledged as security (in shares)	4,984
Units/indemnification remaining (in shares)	2,452
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	10,182,018
Promissory Note principal amount	7,100,000	[1]
Estimated Collateral Value	10,560,000	[2]
RAFC [Member] | C Units [Member]
C Units distributed	81
RAFC [Member] | Class C [Member]
Units/ indemnification pledged as security (in shares)	11,228
Units/indemnification remaining (in shares)	8,148
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	3,785,037
Promissory Note principal amount	3,488,643	[1]
Estimated Collateral Value	3,656,000	[2]
SCMI [Member] | C Units [Member]
C Units distributed	9
SCMI [Member] | Class C [Member]
Units/ indemnification pledged as security (in shares)	4,545			2,213
Units/indemnification remaining (in shares)	1,254
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	2,101,831	[3]
Promissory Note principal amount	1,400,000	[1],[3]
Estimated Collateral Value	1,471,000	[2],[3]
RAFC Wonder [Member] | C Units [Member]
C Units distributed	14	[3]
RAFC Wonder [Member] | Class C [Member]
Units/ indemnification pledged as security (in shares)	1,657	[3]
Units/indemnification remaining (in shares)	1,456	[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]
Estimated Collateral Value	$822,000	[2],[3]
Wonder Indemnification [Member] | C Units [Member]
C Units distributed	0	[3]
[1]	The CRG, RAFC, SCMI and Wonder balances at March 31, 2015, exceeded the stated principal amount per their variable Secured Notes by approximately $547,000, $3,082,000, $296,000 and $702,000, 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 originally anticipated and outpaced the minimum principal reductions scheduled for the loans.
[2]	Estimated collateral value reflects pledge of C and D units of limited partnership interest of UMTH held by WLL, Ltd. (bWLLb), RAFC and KLA, Ltd. (bKLAb) 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 original amount of $1,134,000, of which approximately $822,000 remains, and the pledge of 3,870 C Units. 2,213 of the pledged C Units also cross-collateralize the RAFC obligation.

Related_Party_Transactions_Det1

Related Party Transactions (Details 1) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Lines of credit receivable, related parties	$80,972,684	$90,844,122
UDF I [Member]
Lines of credit receivable, related parties	8,764,000	8,580,000
UDF I (UDF III Economic Interest Participation Agreement) [Member]
Lines of credit receivable, related parties	72,209,000	74,687,000
UMTHLC [Member]
Lines of credit receivable, related parties	$0	$7,577,000

Related_Party_Transactions_Det2

Related Party Transactions (Details 2) (UDF [Member], USD $)	3 Months Ended	12 Months Ended
	Mar. 31, 2015	Dec. 31, 2014
UDF [Member]
Payments to Fund Long-term Loans to Related Parties	$184,000	$0

Related_Party_Transactions_Det3

Related Party Transactions (Details 3) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
UMTHGS [Member]
Related Party Transaction, Amounts of Transaction	$107,000	$284,000
Related Party Transaction Payment Percentage	100.00%	100.00%
UMTHGS [Member] | Trust Administration Fees [Member]
Related Party Transaction, Amounts of Transaction	88,000	250,000
Related Party Transaction Payment Percentage	82.00%	88.00%
UMTHGS [Member] | General and Administrative Shareholder Relations [Member]
Related Party Transaction, Amounts of Transaction	19,000	34,000
Related Party Transaction Payment Percentage	18.00%	12.00%
UDF III [Member] | Credit Enhancement Fees [Member]
Related Party Transaction, Amounts of Transaction	16,000	18,000
Related Party Transaction Payment Percentage	100.00%	100.00%
UDF IV [Member] | Participation Interest Paid [Member]
Related Party Transaction, Amounts of Transaction	352,000	1,058,000
Related Party Transaction Payment Percentage	100.00%	100.00%
UMTH LD [Member] | Administrative and Origination Fees Paid [Member]
Related Party Transaction, Amounts of Transaction	$9,000	$92,000
Related Party Transaction Payment Percentage	100.00%	100.00%

Related_Party_Transactions_Det4

Related Party Transactions (Details 4) (USD $)	3 Months Ended
	Mar. 31, 2015	Mar. 31, 2014
UMTHGS [Member]
General and Administrative Expense Related Party	$269,000	$269,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%
UMTHGS [Member] | Trust Administration Fees [Member]
General and Administrative Expense Related Party	250,000	250,000
General and Administrative Expense Percentage Related Party	93.00%	93.00%
UMTHGS [Member] | General and Administrative Shareholder Relations [Member]
General and Administrative Expense Related Party	19,000	19,000
General and Administrative Expense Percentage Related Party	7.00%	7.00%
UMTHGS [Member] | General And Administrative Misc [Member]
General and Administrative Expense Related Party	0	0
General and Administrative Expense Percentage Related Party	0.00%	0.00%
PSC [Member]
General and Administrative Expense Related Party	0	3,000
General and Administrative Expense Percentage Related Party	0.00%	100.00%
PSC [Member] | General And Administrative Misc [Member]
General and Administrative Expense Related Party	0	3,000
General and Administrative Expense Percentage Related Party	0.00%	100.00%
UMTH [Member] | Debt Placement Fees [Member]
General and Administrative Expense Related Party	21,000	20,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%
UDF III [Member] | Credit Enhancement Fees [Member]
General and Administrative Expense Related Party	$40,000	$22,000
General and Administrative Expense Percentage Related Party	100.00%	100.00%

Related_Party_Transactions_Det5

Related Party Transactions (Details Textual) (USD $)	1 Months Ended	3 Months Ended		1 Months Ended	111 Months Ended	1 Months Ended
	Sep. 30, 2007	Mar. 31, 2015	Mar. 31, 2014	Jan. 31, 2015	Mar. 31, 2015	Mar. 26, 2009	Dec. 31, 2005	Oct. 31, 2013	Jun. 30, 2009	Sep. 19, 2008	Sep. 30, 2006	Dec. 31, 2014	Jul. 29, 2009	Oct. 01, 2007	Sep. 30, 2014	Dec. 31, 2010	Jul. 22, 2013	Aug. 01, 2006
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.
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
Transferred Revolving Credit Facility										100
Advisory Expenses Incurred		250,000	250,000
Advisory Expenses Paid		88,000	250,000
Payment Of Shareholder Relation Activities, Advisory Reimbursement Expense		19,000	34,000
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		21,000	20,000
Guaranty Facility Credit Enhancement Fee		16,000	18,000
Maximum Degree Of Invested Interest In Construction Loan		2,000,000
Payment For Loan Participation Interest In Construction Loan		352,000	1,058,000
Negotiated Fees, Percentage		1.00%
Share-based Goods and Nonemployee Services Transaction, Valuation Method, Expected Term		5 years
Note One [Member]
Debt Instrument, Maturity Date		31-Dec-17		31-Dec-17
Debt Instrument, Interest Rate, Stated Percentage				1.75%
Note Two [Member]
Debt Instrument, Maturity Date		31-Dec-17		31-Dec-17
Debt Instrument, Interest Rate, Stated Percentage				2.70%
Recourse Obligations [Member]
Long-Term Debt, Gross		20,916,000			20,916,000							20,191,000
Interest Payable		748,000			748,000
Debt Instrument, Periodic Payment					5,733,000
Economic Interest Participation Agreement [Member]
Transferred Revolving Credit Facility													60,000,000
Secured Note [Member]
Debt Instrument, Interest Rate, Effective Percentage	10.00%
UDF III [Member]
Amount Funded Under Security Agreement		72,209,000			72,209,000							74,687,000
Guaranty Facility Credit Enhancement Fee		40,000	22,000
UDF III [Member] | Economic Interest Participation Agreement [Member]
Amount Funded Under Security Agreement		8,764,000			8,764,000							8,580,000
UMTHGS [Member]
Payment Of Shareholder Relation Activities, Advisory Reimbursement Expense		19,000	19,000
Related Party Transaction, Amounts of Transaction		107,000	284,000
UMTH [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		99.90%
Percentage Of Profit Interest In Holding Company		50.00%
Secured Notes Receivable Limited Guaranty Value							1,153,426
UMTH [Member] | Class D [Member]
Promissory Note , Units Pledged As Securities (in shares)														1,355
UMTH LD [Member] | Administrative and Origination Fees Paid [Member]
Related Party Transaction, Amounts of Transaction		9,000	92,000
UMTHLC [Member]
Line Of Credit Facility Receivable Maximum Financing Capacity						8,000,000
Line Of Credit Facility Receivable Interest Rate During Period						12.50%
Line Of Credit Receivable Included In Related Party Loan Receivable		3,800,000			3,800,000							7,577,000
CRG [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		50.00%
Amortization Period Of Secured Notes	15 years
Secured Notes Receivable Limited Guaranty Value														4,053,799
CRG [Member] | Secured Debt [Member]
Line Of Credit Receivable Included In Related Party Loan Receivable		547,000			547,000
CRG [Member] | Class C [Member]
Promissory Note , Units Pledged As Securities (in shares)		4,984			4,984
CRG [Member] | Class D [Member]
Promissory Note , Units Pledged As Securities (in shares)		2,710			2,710
RAFC [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		50.00%
Line Of Credit Receivable Included In Related Party Loan Receivable		15,830,000			15,830,000							15,830,000
Amortization Period Of Secured Notes	15 years
RAFC [Member] | Secured Debt [Member]
Line Of Credit Receivable Included In Related Party Loan Receivable		3,082,000			3,082,000
RAFC [Member] | Class C [Member]
Promissory Note , Units Pledged As Securities (in shares)		11,228			11,228
RAFC [Member] | Class D [Member]
Promissory Note , Units Pledged As Securities (in shares)		6,659			6,659
RMC [Member]
Maximum Limited Guaranty Percentage							50.00%
RMC [Member] | Class C [Member]
Promissory Note , Units Pledged As Securities (in shares)							3,870
Wonder [Member]
Limited Liability Company (LLC) or Limited Partnership (LP), Managing Member or General Partner, Ownership Interest		50.00%
Amortization Period Of Secured Notes	15 years
Secured Notes Receivable Limited Guaranty Value		822,000			822,000
Indemnification Agreement Value Included In Limited Guarantee		1,134,000			1,134,000		1,134,000
Wonder [Member] | Secured Debt [Member]
Line Of Credit Receivable Included In Related Party Loan Receivable		702,000			702,000
Wonder [Member] | Class C [Member]
Promissory Note , Units Pledged As Securities (in shares)		3,870			3,870
SCMI [Member]
Amortization Period Of Secured Notes	22 years
Secured Notes Receivable Limited Guaranty Value							2,213,000
SCMI [Member] | Secured Debt [Member]
Line Of Credit Receivable Included In Related Party Loan Receivable		296,000			296,000
SCMI [Member] | Class C [Member]
Promissory Note , Units Pledged As Securities (in shares)		4,545			4,545		2,213
SCMI [Member] | Class D [Member]
Promissory Note , Units Pledged As Securities (in shares)		3,000			3,000
WLL [Member] | Class C [Member]
Promissory Note , Units Pledged As Securities (in shares)							2,492
WLL [Member] | Class D [Member]
Promissory Note , Units Pledged As Securities (in shares)							1,355
KLA Ltd [Member]
Secured Notes Receivable Limited Guaranty Value														3,472,073
KLA Ltd [Member] | Guarantors Class D [Member]
Promissory Note , Units Pledged As Securities (in shares)														3,000
UDF [Member]
Line Of Credit Facility Receivable Maximum Financing Capacity												84,674,672	60,000,000		82,000,000	75,000,000
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%
Base Interest Rate Decreased To								9.25%
URHF Guaranty [Member]
Transferred Revolving Credit Facility																	$15,000,000
Minimum [Member]
Annual Distribution Rate Administration Fee, Percentage																		1.00%
Amortization Modify Interest Rate Percentage									6.00%
Maximum [Member]
Annual Distribution Rate Administration Fee, Percentage																		2.00%
Amortization Modify Interest Rate Percentage									10.00%

Lines_of_Credit_Payable_Detail

Lines of Credit Payable (Details) (Line of Credit [Member], USD $)	Mar. 31, 2015
Line of Credit [Member]
2015	$5,379,000
2016	0
2017	5,615,000
2018	3,200,000
2019	0
Thereafter	0
Total	$14,194,000

Lines_of_Credit_Payable_Detail1

Lines of Credit Payable (Details Textual) (USD $)	1 Months Ended					3 Months Ended	1 Months Ended
	Feb. 18, 2015	Aug. 31, 2009	27-May-14	Oct. 26, 2011	27-May-11	Mar. 31, 2015	Jul. 22, 2013	Dec. 31, 2014
Line Of Credit Facility, Amount Outstanding						$14,194,246		$13,805,860
Line of Credit Facility, Expiration Date	30-Jul-16
UMT HF TCB [Member]
Line of Credit Facility, Maximum Borrowing Capacity		5,000,000
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.
Line Of Credit Facility, Amount Outstanding						4,998,000		4,454,000
Line of Credit Facility, Expiration Date		5-Sep-15
UMT HF III Veritex Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity			5,000,000		4,300,000
Line of Credit Facility, Interest Rate Description				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
Line Of Credit Facility, Amount Outstanding						3,106,000		3,618,000
Line of Credit Facility, Expiration Date			27-May-17		27-May-14
UMT HF II Green Bank [Member]
Line of Credit Facility, Maximum Borrowing Capacity				5,000,000
Line Of Credit Facility Floor Interest Rate				5.00%
Line Of Credit Facility, Amount Outstanding						381,000		697,000
Line of Credit Facility, Expiration Date				26-Oct-14		31-May-15
URHF SWB [Member]
Line of Credit Facility, Maximum Borrowing Capacity							15,000,000
Line of Credit Facility, Interest Rate Description							The loan bears interest at prime plus one percent, with a floor of 4.75%, and requires monthly interest payments.
Line Of Credit Facility, Amount Outstanding						5,709,000		5,037,000
Payment Due January 16, 2015 [Member]
Line of Credit Facility, Periodic Payment							3,200,000
Payment Due January 16, 2015 [Member] | URHF SWB [Member]
Line of Credit Facility, Expiration Date							16-Jan-18
Payment Due May 6, 2017 [Member]
Line of Credit Facility, Periodic Payment							$2,509,000
Payment Due May 6, 2017 [Member] | URHF SWB [Member]
Line of Credit Facility, Expiration Date							6-May-17

Notes_Payable_Details

Notes Payable (Details) (Convertible Notes Payable [Member], USD $)	Mar. 31, 2015
Convertible Notes Payable [Member]
2015	$0
2016	569,000
2017	300,000
2018	305,000
2019	4,697,000
Thereafter	1,499,000
Total	$7,370,000

Notes_Payable_Details_Textual

Notes Payable (Details Textual) (USD $)	1 Months Ended			3 Months Ended
	Feb. 18, 2015	Apr. 21, 2010	Jan. 27, 2011	Mar. 31, 2015	Dec. 31, 2014
Lines of credit payable				$14,194,246	$13,805,860
Line of Credit Facility, Expiration Date	30-Jul-16
UMT 15th Street, L.P. CTB Loan [Member]
Line of Credit Facility, Maximum Borrowing Capacity		1,600,000
Line of Credit Facility, Interest Rate During Period		7.00%
Line Of Credit Facility Interest Rate Reduced		5.50%
Lines of credit payable				569,000	569,000
Line of Credit Facility, Interest Rate Description		The note payable bears interest at prime plus one percent, with a floor of 7.0%, and requires monthly interest payments
UMT HF II Notes Payable [Member]
Line of Credit Facility, Maximum Borrowing Capacity			5,000,000
Line of Credit Facility, Interest Rate During Period			7.50%
Lines of credit payable				4,749,000	4,749,000
UMT HF Notes Payable [Member]
Line of Credit Facility, Interest Rate During Period				7.50%
Debt Instrument Carrying Amount				$2,052,000	$2,102,500

URHF_Preferred_Equity_Offering1

URHF Preferred Equity Offering (Details Textual) (USD $)	1 Months Ended
	Feb. 24, 2014	Mar. 31, 2015	Dec. 31, 2014
Limited Partners Capital Account Preferred Units Issued Amount	$15,500,000
Limited Partners Capital Account Preferred Units Rate	5.50%
Limited Partners Capital Account Equity Units Issued Amount		$4,569,000	$4,194,000
Limited Partners Capital Account Preferred Units Ownership Interest	0.32%
Limited Partners Capital Account Preferred Units Issued	-310	91	84

Share_Redemption_Program_and_D2

Share Redemption Program and Dividend Reinvestment Plan (Details) (USD $)	1 Months Ended			3 Months Ended
	Feb. 28, 2015	Jan. 31, 2015	Dec. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Dividends Payable, Period Ended	28-Feb-15	31-Jan-15	31-Dec-14
Dividends Payable, Date Paid	27-Mar-15	2-Mar-15	30-Jan-15
Dividends Payable, Distribution Amount	$310,572	$310,570	$310,634	$931,776	$932,726

Share_Redemption_Program_and_D3

Share Redemption Program and Dividend Reinvestment Plan (Details 1) (USD $)	1 Months Ended	3 Months Ended
	Dec. 31, 2014	Mar. 31, 2015	Mar. 31, 2014
Distribution Made to Limited Partner, Date of Record	31-Dec-14
Distribution Made to Limited Partner, Distribution Date	22-Jan-15
Payments of Ordinary Dividends, Noncontrolling Interest	$44,023	$44,023	$0

Share_Redemption_Program_and_D4

Share Redemption Program and Dividend Reinvestment Plan (Details 2) (USD $)	3 Months Ended		87 Months Ended
	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015
Source of distributions:
Cash flow from operations	$456,225	$1,025,107
Proceeds from issuance of shares of beneficial interest	48,237	55,911
Dividend Reinvestment Plan [Member]
Dividends Payable [Line Items]
Distributions paid in cash	927,562	876,815
Distributions reinvested	48,237	55,911
Total distributions	975,799	932,726	105,800,000
Source of distributions:
Cash flow from operations	456,226	1,025,107	83,800,000
Proceeds from issuance of shares of beneficial interest	48,237	55,911	23,100,000
Borrowing under credit facilities and notes payable	471,336	-148,292
Total sources	$975,799	$932,726
Cash flow from operations	47.00%	110.00%
Proceeds from issuance of shares	5.00%	6.00%
Borrowing under credit facilities and notes payable	48.00%	-16.00%
Total sources	100.00%	100.00%

Share_Redemption_Program_and_D5

Share Redemption Program and Dividend Reinvestment Plan (Details 3) (USD $)	1 Months Ended			3 Months Ended
	Mar. 31, 2015	Feb. 28, 2015	Jan. 31, 2015	Mar. 31, 2015
Total number of shares repurchased (in shares)	0	2,316	2,422	4,738
Average Purchase Price (in dollars per share)	$0	$14.51	$14.51	$14.51
Publiciy Announced Share Redemption Plan [Member]
Total number of shares repurchased (in shares)	0	2,316	2,422	4,738
Outside Of Share Redemption Plan [Member]
Average Purchase Price (in dollars per share)	$0	$0	$0	$0

Share_Redemption_Program_and_D6

Share Redemption Program and Dividend Reinvestment Plan (Details Textual) (USD $)	1 Months Ended			3 Months Ended		87 Months Ended
	Mar. 31, 2015	Feb. 28, 2015	Jan. 31, 2015	Mar. 31, 2015	Mar. 31, 2014	Mar. 31, 2015	Dec. 31, 2014
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)	$0	$14.51	$14.51	$14.51
Stock Redemption Request Received, Shares				26,383
Stock Redeemed or Called During Period, Shares				4,738
Proceeds From Issuance Of Common Stock				$48,237	$55,911
Net Cash Provided By (Used In) Operating Activities				456,225	1,025,107
Net Income (Loss) Attributable To Parent				-214,438	110,130
Dividend Reinvestment Plan [Member]
Payments of Dividends				975,799	932,726	105,800,000
Dividends, Common Stock, Cash				927,562	876,815	82,700,000
Proceeds From Issuance Of Common Stock				48,237	55,911	23,100,000
Net Cash Provided By (Used In) Operating Activities				456,226	1,025,107	83,800,000
Net Income (Loss) Attributable To Parent						$85,200,000
Share Redemption Plan [Member]
Maximum Percentage Of Shares Redeemable				5.00%
Net Asset Value Per Share	$14.70			$14.70		$14.70	$14.81
Minimum [Member] | Share Redemption Plan [Member]
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)				$14.51
Maximum [Member] | Share Redemption Plan [Member]
Treasury Stock Acquired, Average Cost Per Share (in dollars per share)				$20