Get a Quick Quote Now Click here to expand

 By checking this box you consent, acknowledge and agree to the following Scroll Down:

Our Privacy Policy and Terms of Service to receive important notices and other communication electronically pursuant to that Policy.
To receive phone call (including through automate means: e.g. autodialing, text and pre-recorded messaging) via telephone, mobile device (including SMS and MMS) and/or email, even if your telephone number is currently listed on any internal, corporate, state, federal or national Do-Not-Call (DNC) list.

Consent is not required as a condition to utilize Royal United Mortgage LLC services.


Tax Returns for Down Payments


Tax Returns for Down Payments

Tax season is upon us.  For many Americans, this is a happy time as they are expecting to receive a sizable income from their tax refund. Some folks choose to use this refund to pay off debts, build up savings, go on a vacation, or simply buy themselves a new toy.  You may be shocked to learn that many first time homebuyers do not know they can use their tax refund to help purchase a home.  Depending on the size and price of the home, this can make up most if not all of the down payment costs.

Tax Refund

When buying a home, new borrowers are highly encouraged to utilize their tax refund versus applying for a down payment assistance program. Down payment programs may seem attractive but come with many rules and restrictions that could harm a homeowner down the road.  Below is a list of common restrictions or disadvantages if you choose to enroll in a down payment program:

  • Can work as a second mortgage on your property
  • Forces you to live in the home for a specified time or else you will have to pay back the down payment in full
  • Can keep you from refinancing your home in the future.
  • Funds can dry up depending on the budget and number of applicants

Make sure to work with a quality REALTOR® and a seasoned Loan Advisor to determine if you are financially prepared to purchase a home.

Tax Refund

See what others have to say

CLIENT TESTIMONIALS: See what others have to say

LendingTree Network MemberLendingTree President's Club 2017IndyStar Top Places to Work 2016IndyStar Top Work Places 2013IndyStar Top Places to Work 2014IndyStar Top Places to Work 2013Indiana Companies to Watch 2011Glassdoor Best Places to Work 2016Royal United Mortgage, LLC BBB Business ReviewRoyal United Mortgage LLC BBB Business Review
© Copyright Royal United Mortgage LLC. All Rights Reserved.