|Loan Term (Years)||5 - 30 years|
|Credit Score Range||N/A|
|No Origination Fee||N/A|
Royal Credit Union Home Mortgage Loans Review
Royal Credit Union Home Mortgage Loans is offered by Royal Credit Union, a credit union founded in 1964 and based in Eau Claire, WI. Royal Credit Union Home Mortgage Loans are available in 2 states across the USA.
- Specializes in single-family homes. Only offers mortgages for single-family homes, but not for multi-family properties or manufactured homes.
- Standard interest rates types. Royal Credit Union Home Mortgage Loans offers option ARM mortgages, adjustable-rate mortgages, and fixed-rate mortgages.
- Primary and secondary homes considered. Investment homes, such as rental properties, do not qualify for financing. However, Royal Credit Union Home Mortgage Loans does offer financing for primary and secondary homes (e.g. vacation properties).
- Charges a prepayment fee. This means you will be charged an additional fee if you repay the mortgage early.
Royal Credit Union Home Mortgage Loans Pros & Cons
Royal Credit Union Home Mortgage Loans FAQ
What is the maximum loan term you can get with Royal Credit Union Home Mortgage Loans?
Royal Credit Union Home Mortgage Loans offers mortgages with terms ranging from 5 to 30 years. Having the option of longer terms allows borrowers to take on larger loan amounts while keeping monthly payments more affordable. However, the longer the term of your loan, the more interest you will pay.
What mortgage rates does Royal Credit Union offer?
Mortgage rates change daily based on market conditions and vary significantly depending on the loan type and the length of the term. For instance, fixed rate mortgages will typically have a higher interest rate than mortgages with variable rates, and jumbo loans usually have higher mortgage rates than conforming conventional loans. Find the best interest rate available to you by getting quotes from three or more mortgage lenders before choosing a home loan.
Do they charge mortgage origination fees?
Yes, Royal Credit Union Home Mortgage Loans may charge a loan origination fee.
What property usage types does Royal Credit Union Home Mortgage Loans allow?
Some mortgage lenders restrict the type of usage borrowers give mortgaged properties. Royal Credit Union Home Mortgage Loans allows the following property usage types:
- Primary home
What is the customer service phone number?
The customer service number for Royal Credit Union Home Mortgage Loans is (800) 341-9911.
What is the support contact email?
The support contact email for is firstname.lastname@example.org.
Other Services by Royal Credit Union
|Employment Statuses Considered||
|Intended Use||Primary Home|
|Joint Loan Applications Accepted||
|Verification Documents Required||
|Loan Term||5 - 30 years|
|Interest Rate Types Offered||