Royal United works across purchase, refinance, and home equity — with one dedicated loan advisor keeping your options clear from first conversation through closing.
Popular Loan Options
These three paths cover the majority of home financing situations. Each leads to one dedicated loan advisor and a written review of your options.
Whether you are buying your first home or making your next move, a purchase mortgage helps you finance the property. Your down payment, credit profile, and loan type all shape the structure of the loan.
May be a fit for first-time buyers, buyers relocating, or anyone moving into a new primary residence.
Refinancing replaces your current mortgage with a new one. Borrowers typically explore this to lower a monthly payment, shorten a term, remove mortgage insurance, or access equity through cash-out.
May be a fit for homeowners who want to revisit their current mortgage structure based on goals that have changed since closing.
A home equity product can help you access equity you have built up without necessarily replacing your first mortgage. Structure and fit depend on your current rate, loan balance, and purpose.
May be a fit for homeowners with meaningful equity who want access to funds for a defined goal while keeping their existing mortgage.
The right structure depends on your situation. A loan advisor can help you compare once you have a direction in mind.
The most widely used loan type — flexibility on property types, no government agency required.
Not backed by a government agency. Conventional loans offer competitive terms for borrowers with solid credit profiles and documented income, with more flexibility on property type and loan structure.
Often used by buyers and homeowners who meet standard qualification guidelines and want flexible property options.
Key Parameters
Actual eligibility depends on your full credit and financial profile. For general information only — not a commitment to lend.
Side-by-Side Overview
This overview is educational only. Actual options depend on your full credit and financial profile.
| Loan Type | Down Payment | Credit Flexibility | Property Type | Best For |
|---|---|---|---|---|
| Conventional | Typically 3–20%+ | Moderate to high | Most property types | Borrowers with strong credit profiles |
| FHA | As low as 3.5% | More flexible | Primary residences | First-time buyers or lower credit scores |
| VA | Often 0% | Flexible | Primary residences | Eligible veterans and service members |
| USDA | Often 0% | Moderate | Eligible rural/suburban areas | Buyers in qualifying locations |
| Jumbo | Typically 10–20%+ | Lower, stronger file required | Higher-value properties | Loan amounts above conforming limits |
| Fixed-Rate | Varies by loan type | Varies by loan type | Most property types | Borrowers who want a stable payment |
| Adjustable-Rate | Varies by loan type | Varies by loan type | Most property types | Shorter expected hold periods |
Actual eligibility depends on borrower qualifications and property requirements. This table is for general educational purposes only and is not a commitment to lend.
Find Your Starting Point
Tell us where you are and we can help point you toward the right conversation.
First-time buyer
Looking to buy your first home and want to understand your options before starting.
Get started →Current homeowner
Already own a home and exploring what refinancing or equity access could look like for your situation.
Get started →Looking to lower payments
Wondering if refinancing your current mortgage could reduce your monthly obligation.
Get started →Need access to equity
Want to use the equity you have built in your home to fund a major goal.
Get started →Mortgage Tools
These calculators give you a directional picture before starting a conversation. Results are estimates, not approvals.
Purchase Calculator
Estimate your monthly payment and down payment impact before starting a purchase conversation.
Run numbers →Refinance Calculator
Compare your current payment to a directional new payment under different rate and term assumptions.
Run numbers →Home Equity Calculator
Estimate a home equity payment and combined leverage before deciding to move forward.
Run numbers →All Calculators
Explore all mortgage calculators — affordability, cash-out, debt consolidation, rate comparison, and more.
See all tools →What Our Clients Say
"Fast action...accurate...quick closing."
Judy Freeman
"Evan, was my second person I called when searching for a cash out loan. His patience, with explaining how his company may be just what we were looking for was impressive, extremely competitive with other lenders. The process was so much easier with his attention to detail of our goals. The closing cost were better than any other lender that I had contacted. Evan was a the kind of person I would like to have as a neighbor. Hats off to Royal United mortgage and there team."
Stanley Ward
"Great Experience."
mckin285
"Very professional. Process was easy flowing. They requested their needs and I submitted them in a timely manner which made the processing of all paperwork finished quickly. I would definitely recommend Royal Mortgage for the processing of refinancing or home equity funds."
Emma Clarke
"very good experience he made this so easy. never had anyone work this hard for us. complete ease from start to finish. great job"
dennis
"Smooth and easy I was a first time home buyer and he made sure to help me every step of the way. I couldn’t be happier that I got him to help me the this process and would definitely recommend him to anyone!"
Jon
"it has been an excellent experience the entire process and follow up by Jacob has been wonderful and surprising. he follows up and walks through the process with you and always answers any questions. my husband and i have told so many of our friends about him. he definitely is an asset to the company"
CLARA
"Great experience"
Teri O'Brien
"Danielle was excellent and very professional!"
KING JAMES BORDERS
"I was treated well as a customer and everyone was nice and very helpful with my transaction."
Anthony Outten
"They were really good in helping us."
Lafrances Garrett
"My agent was very attentive and helpful and we spoke almost daily, making the entire process painless!! I am impressed"
Serenity Farms Prepping
Ready to take the next step?
Royal United works with one advisor per client — from first conversation through closing. No runaround, no hand-offs, no surprises.
