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Loan Programs
Which Mortgage is Right for You?
There are a number of different types of home loans, and it can pay to get to know them. Royal Mortgage works with a panel of lending partners, so your file can go wherever it fits best. You don’t have to pick the right program before you start: one application opens all of them.
Get Started takes you to our secure application site at my1003app.com.
Loan Program Options
Pick the one that sounds like you, or ask us. We’ll tell you what fits.
Purchase
Buying a home. Know what you can carry before you tour, and write an offer a seller takes seriously.
Learn moreRefinance
Replace the loan you have: a different term, a different structure, or cash out of your equity.
Learn moreHELOC
A line of credit secured by the home you already own. Draw, repay and draw again.
Learn moreReverse Mortgage*
For homeowners generally 62 and older: turn part of your home’s equity into funds while you keep living in it.
Learn moreJumbo
For loan amounts above the conforming limit for your county.
Learn moreNon-QM
Self-employed? Qualify on bank statements, a P&L or 1099s instead of your tax return.
Learn moreVA Loans
For eligible veterans, service members and surviving spouses. Eligibility is determined by the VA.
Learn moreFHA Loans
Insured by the Federal Housing Administration, with a low down payment and more flexible credit guidelines.
Learn more*Reverse mortgage: the borrower must live in the home as a primary residence and must continue to pay property taxes, homeowners insurance and any HOA dues, and keep up the home. The loan balance grows over time.
Which door is probably yours
Find the sentence that sounds like your situation.
- I am buying, and I want to know what I can actually carryPurchase
- I already have a mortgage and I want a different oneRefinance
- I need money in stages and I do not want to touch my first mortgageHELOC
- I own most of my home, and the monthly payment is the problemReverse
- The house I want costs more than the conforming limitJumbo
- I am self-employed and my tax returns do not tell the whole storyNon-QM
- I served, or my spouse didVA
- My down payment is small or my credit is still climbingFHA
If none of those is you, that is normal, and it is not a problem. Call us at (844) 769-2564 and describe the situation in your own words. A Loan Expert will point you to the programs that fit.
The full menu
What one application can reach.
Agency and government
- Conventional — fixed and adjustable, primary, second home and investment
- FHA — low down payment and more flexible credit guidelines
- VA — for eligible veterans, service members and surviving spouses
- USDA — built for rural and suburban buyers who meet the area and income rules
Size and property type
- Jumbo and high-balance — above the conforming limit
- Condo financing — we review the project as well as the borrower, early rather than late
- Complex property — acreage, mixed-use, unique construction
- Land and construction-to-perm — one loan, one closing
Advanced solutions
- Non-QM programs — bank statement, P&L, 1099, DSCR
- Asset depletion — qualify on assets rather than paychecks
- Cross-collateralization — use equity you already own
- Low credit programs
- Programs without income caps, in the right circumstances
Equity and later life
- HELOC — a revolving line secured by the home you already own
- Cash-out refinance — a new first mortgage, larger than the old one
- Reverse — for homeowners generally 62 and older
- Renovation lending — buy it and fix it on one loan
What one application does
You apply once. The program gets chosen after we can see the real numbers.
- You apply once The same application opens every program on this page. Nobody expects you to have picked one first.
- We look at the whole picture Income, assets, credit and obligations together, before anybody talks to you about a specific loan.
- We shop our lender panel for you We take the file to the lenders on our panel whose rules already fit it. Then we explain what we found and why.
- Underwriting, then closing Your file goes to the lending partner whose guidelines fit it, and we keep it moving to the closing table.
- You always know the stage We ask for documents when the file needs them, not all at once on day one, and you hear from us before you have to ask.
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