SuperMoney
  Royal Credit Union Home Mortgage Loans
Royal Credit Union Home Mortgage Loans
in Home Mortgage Loans from Royal Credit Union
Unaffiliated

Royal Credit Union Home Mortgage Loans

Unaffiliated
in Home Mortgage Loans from Royal Credit Union
Not enough votes for recommendation

Not enough votes for recommendation

Cast your vote

Would you recommend Royal Credit Union Home Mortgage Loans to your friends?

Thanks for your vote!

You voted: May or may not recommend

Highlights
Loan Amount N/A
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.

Key Takeaways

  • 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

Pros Cons
  • Charges an origination fee.
  • Charges prepayment fees.
  • Only available in 2 states.

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 member_service@rcu.org.

SuperMoney Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...
Editorial Disclaimer: Editorial and user-generated content on this page is not provided or commissioned by the issuer. Opinions expressed here are the author’s alone and have not been approved or otherwise endorsed by any financial institution, including those that are advertising partners.

Contact

Hours of Operation

  • Sunday Closed
  • Monday 8:30am - 7:00pm
  • Tuesday 8:30am - 7:00pm
  • Wednesday 8:30am - 7:00pm
  • Thursday 8:30am - 7:00pm
  • Friday 8:30am - 7:00pm
  • Saturday 8:30am - 2:00pm

Other Services by Royal Credit Union

Availability

  Available in 2 states
  • Minnesota
  • Wisconsin

Feature Breakdown

Employment Statuses Considered
  • Employed Full-Time
  • Employed Part-Time
  • Self-Employed
  • Retired
Intended Use Primary Home
Joint Loan Applications Accepted
  • Individual Applications
Minimum Age 18
Property Type
  • Single Family Home
Verification Documents Required
  • Driver License (or other photo ID)
  • Proof of citizenship/residence (Green Card)
  • Proof of Identity
  • Social Security Number
Primary Residence
Loan Term 5 - 30 years
Interest Rate Types Offered
  • Fixed-Rate Mortgage
  • Adjustable-Rate Mortgage (ARM)
  • Option ARM

Be the first to rate

 

Would you recommend Royal Credit Union Home Mortgage Loans to your friends?

Before we publish your vote:

Please explain your vote by sharing your experience.

Writing a review increases the credibility of your vote and helps your fellow users make a better-informed decision.

Please write a review to submit your vote
(will require moderator approval)

Other Home Mortgage Loans