Mortgage Loans

mortgage loan image

Buying a new home should be a pleasant experience.

We would like to help make it a pleasant experience by taking the worry out of applying for a mortgage.  For more information please contact our mortgage loan expert, Matt Vinson, NMLS #504695, at 443.334.4729.

Select A Mortgage Loan To Fit Your Financial Situation. Before you apply for your mortgage loan, you’ll need to decide which type of loan may be right for you.

  • Residential Mortgage Loans – Purchase a new home or remodel your present home with an affordable mortgage from Regal Bank & Trust. Our residential mortgage products are innovative and provide flexible options to meet your specific needs.  We have loans available for both primary and secondary residences.  Refinancing is also available.
  • Construction Mortgage LoansBuild the home you’ve always imagined with our one-time closing construction loan.  You can save money with no points and reduced bank fees.  To help fund your initial construction phase, we can refinance your current home to finance the construction of a new home.
  • Lot Loans – Found the perfect lot to build your new home?  Take the first step by calling our Branch Associates and find out how to make your dream a reality.  If the lot is perked, talk to us about lot loan financing.

Once you know approximately how much home is in your price range, use the guide below or our convenient Mortgage Loan Calculator to estimate your monthly payments based on the principal and interest. Closing costs are normally paid in a lump sum at the time you take out the loan. Other annual costs such as taxes, insurance, and mortgage life insurance are also not included on the chart, but may be added to your monthly payments.

Monthly Mortgage Payment Guide

Mortgage Amount 4% APR 5% APR 6% APR 7% APR 8% APR
$ 60,000 $ 286 $ 322 $ 360 $ 399 $ 440
$ 80,000 $ 382 $ 429 $ 480 $ 532 $ 587
$ 100,000 $ 477 $ 537 $ 600 $ 665 $ 734
$ 120,000 $ 573 $ 644 $ 719 $ 798 $ 881
$ 140,000 $ 668 $ 751 $ 839 $ 931 $ 1,028
$ 160,000 $ 764 $ 859 $ 959 $ 1,064 $ 1,174
$ 180,000 $ 859 $ 966 $ 1,079 $ 1,198 $ 1,321
$ 200,000 $ 955 $ 1,074 $ 1,199 $ 1,331 $ 1,468

The above rates are for illustrative purposes only. They are based on the Annual Percentage Rate (APR) indicated for principal and simple interest with a term of 30 years. We offer a variety of mortgage plans.

Is Refinancing Right For You? Generally, it’s a good idea for you to consider refinancing whenever the interest rate for mortgages is more than two percentage points below your present mortgage. And whether you apply with us for a new mortgage to buy the home you want, or to refinance your present mortgage, ask about a Homeowner’s Credit Line. It can help you save on fees when you apply; interest when you want to borrow money; and, on taxes at the end of the year.  To get started, quickly read our “Important Notice” below and click here to Apply for a Mortgage.

Important Notice
Please read this information regarding our service area before completing our secure application for a loan.  We will consider loans within the MD, DE, VA, PA, and Southern NJ areas.  If you reside outside of these areas, the approval process will begin with our evaluation of whether we can adequately service your lending or deposit product needs.

(All loans and lines of credit are subject to credit approval.  Additional terms and conditions may apply, depending on the type of collateral and other terms offered or chosen.)

Regal Bank & Trust, Lender NMLS #484660.