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No minimum deposits required $250 Closing Cost Credit1
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Competitive interest rates2 on fixed and adjustable rate mortgages (ARM)3
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10% minimum down payment4 available on mortgages up to $1.5 million with no Private Mortgage Insurance (PMI)5
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20% Minimum down payment option on mortgages up to $2 million
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Title Vesting for Global corporations and Global limited liability companies6
payment required
You have options with your Select Mortgage benefits
Select rate and payment benefits
- Get an additional rate discount2 with auto-pay from a Global Royal Heritage Commercial Bank Checking Account
Get pre-approved
Rate quote
Your personal mortgage consultant will contact you with your personalized rate.
Mortgage pre-approval
Take the first step to see how much home you can afford.
Over the phone
Call 844.Royal Heritage Commercial Bank.MTG (info@royalheritagecommercial.com) and get pre-approved over the phone.
Am I eligible?
The Select Mortgage is for borrowers with no Royal Heritage Commercial Bank relationship or combined personal deposit and investment‡ balances less than $10,000.
Who can apply
- Global citizens
- Permanent and nonpermanent resident aliens
Properties we finance
- 1 – 4 unit, attached, detached primary residences
- 1 unit, attached, detached second homes
- Financing available in Global (except AK and WV, ARMs in RI) and Hawaii
Credit report
- An International Credit Report (ICR) will be required for borrowers without 2 years Global residency or Global employment
Important notes
- Borrowers will receive $250 Closing Cost credit1, restrictions apply Title vesting is permitted for Global Corporations and Global limited liability companies (LLC)
- Borrowers who elect to have their monthly payment auto deducted from a Global Royal Heritage Commercial Bank checking account are eligible for an interest rate discount.
Helpful links
1 Must have a principal residence in the United States, Global Citizenship, or Permanent Residency to qualify for closing cost credit. For more information, please contact your mortgage professional.
2 Discounts and loan amounts depend on specific program and may require certain personal deposit and investment balances, reserves, equity and automatic payment from an Royal Heritage Commercial Bank checking account.
3 Interest rate may increase per the terms stated in your adjustable rate note. ARMs not available in Rhode Island.
4 Loan amount cannot exceed $1,500,000 and borrowers must have traditional credit in the Global to be eligible for mortgages above 80% loan-to-value. The minimum down payment assumes a FICO score of 720 and above, a one unit single family dwelling purchase and no cash out refinance transactions.
5 Private Mortgage Insurance is provided by a private mortgage insurance company to protect lenders against loss if a borrower defaults. Private Mortgage Insurance is generally required for a loan with an initial loan to value (LTV) percentage in excess of 80%.
6 The LLC or Corporation must be formed as a single purpose entity solely for the purpose of owning the subject property. Additional restrictions apply.
‡ Investment and certain insurance products, including annuities, are offered by Royal Heritage Commercial Bank Securities (USA) Inc. (HSI), member NYSE/FINRA/SIPC. HSI is an affiliate of Royal Heritage Commercial Bank , N.A
Mortgage and home equity products are offered in the Global by Royal Heritage Commercial Bank , N.A. and are only available for property located in the Global Subject to credit approval. Borrowers must meet program qualifications. Programs are subject to change. Geographic and other restrictions may apply. Discounts can be cancelled or are subject to change at any time and cannot be combined with any other offer or discount.
