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
"It was a very positive experience. They walked me through the whole thing and I felt they were truly working to get me the best deal possible."
Cindy Setters
"We had a great experience working with Barry Teague at Royal United. He was very persistent and knowledgeable which made the process go very smoothly. He kept us informed every step of the way. I would like to Thank Barry and Royal United for offering such a great service."
Debra Daniels
"I've worked with Jim Groth three times in the last five years or so. Each time i've worked with him, he's been thorough ,professional, and available for questions. He also makes very quick work of getting things done. I'm happy to recommend him to friends and family."
Linda Watkins
"Experienced and worked with you to get what you want."
Rocky Roberts
"Patrick at Royal United Mortgage made the process for us so easy. It was a pleasure working with him. Highly recommend him."
Paul Cutajar
"Jake miller from united royal keep me in the loop of everything that was happening he was very helpful and and pleasure to work with"
Elizabeth Mullins
"Great company to work with! They went over and beyond to get us in our new home!"
David Summerford
"Exceptionally well done And very patient🙏♥️"
Kevin Long sr
"Great communication. Closed on my loan fast. Thanks James and Carol Would do business again in the future"
Chris Riley
"The company is great. The loan officer Sam Perry was very knowledgeable and explained everything thoroughly. Would recommend Royal United Mortgage LLC very highly to anyone needing there expertise. Magnificent services thru all steps of the loan process."
Diane Mullins
"Thanks John! You were very knowledgeable and answered all out questions promptly!! Very satisfied!! Your truly an asset to the company!!"
Christy Schnack
"2nd time with Royal United Mortgage and better than the 1st. From day 1 consultation with Abdallah Bai to closing has been a tremendous and rewarding experience. I highly recommend Royal United Mortgage."
Carlos Meza
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.
