Home Purchase Loan

At Royal United Mortgage, we will work with you to make sure that you have the best loan solution for your situation.

What is a Home Purchase Loan?

Buying a home, whether it is your first home or your seventh home, is a big decision and will require a new home purchase loan. A home mortgage loan is likely to be the largest monthly bill you will have. The annual cost of your combined mortgage, taxes and insurance payments can range from 25% to 40% of your gross annual income. It's important to have a loan payment that fits into your budget this year—and for years to come.

Why would you need a Home Purchase Loan?

There are number of reasons:

If You are a First Time Buyer

• Royal United will guide you every step of the way
• Get pre-approved before you shop
• Get a home loan with little money down
• Ask about FHA loans
• You may qualify for a “First-Time Buyers” tax credit, ask your advisor

If You are Moving or Relocating

• Get pre-approved before you start house hunting
• You'll shop with more confidence, knowing how much you can spend
• Let your new loan be the last thing you worry about when you move

If You are Buying a Second or Vacation Home

• Pre-Approval gives you more ability to negotiate price
• You'll close faster with both you and the seller having peace of mind that the loan will close

If You are Buying Property for Investment

• It's a great time to invest in property
• Royal United will help you find the best rate to make your properties work hard for you

Why get a Home Purchase Loan with Royal United Mortgage?

Our Royal United Mortgage home loan consultants can answer any questions you might have and take you through every step in qualifying for and securing a home loan. Our goal is to give you confidence that you have made a sound financial decision.

Our extensively trained Mortgage Advisors work with you, the Seller, and Realtor to make your home purchase a quick and simple process.

How much of a home can you afford?

Use our House Qualification Calculator to get an idea of how much house you can afford. Our Rent vs. Buy Calculator will help you decide whether it's better for you to buy or rent in the long term