Lender profile · HMDA 2023–2025
Royal Credit Union mortgage approval rates & lending data
Royal Credit Union decided 7,338 mortgage applications and funded 6,691 loans across the 616 counties Fat Boy Data covers, 2023–2025.
Approval by loan type
| Loan type | Approval | Approved | Taken up | Typical loan | Loans made |
|---|---|---|---|---|---|
| Mortgage lenders | 98% | 4,758 / 4,865 | 98% | $255K | 4,676 |
| Home improvement loans | 83% | 1,295 / 1,555 | 97% | $55K | 1,258 |
| Cash-out refinance | 79% | 226 / 285 | 97% | $145K | 220 |
| Refinance | 82% | 142 / 174 | 95% | $255K | 135 |
| Investment property purchase | 96% | 237 / 246 | 96% | $185K | 228 |
| Investment cash-out refinance | 77% | 23 / 30 | 91% | $155K | 21 |
| Investment refinance | 97% | 65 / 67 | 100% | $95K | 65 |
| Investment home improvement | 78% | 90 / 116 | 98% | $55K | 88 |
Royal Credit Union lending by state
| State | Approval | Typical loan | Decided | Loans made |
|---|---|---|---|---|
| Minnesota | 93% | $255K | 4,929 | 4,491 |
| Wisconsin | 94% | $245K | 2,322 | 2,122 |
| Florida | 96% | $235K | 24 | 22 |
| Texas | 73% | $225K | 11 | 8 |
| Alabama | 86% | $55K | 7 | 6 |
| Arizona | 100% | $175K | 7 | 7 |
| Ohio | 83% | $45K | 6 | 5 |
| North Carolina | 100% | $255K | 3 | 3 |
| Colorado | 100% | $285K | 2 | 2 |
| Georgia | 100% | $315K | 2 | 2 |
| Illinois | 100% | $205K | 2 | 2 |
| Iowa | 100% | $285K | 2 | 2 |
| Maryland | 100% | $475K | 2 | 2 |
| New Hampshire | 100% | $395K | 2 | 2 |
| Arkansas | 100% | $205K | 1 | 1 |
Covers the 616 counties in the Fat Boy Data footprint, which is 79.6% of the US population — not every county in each state. Methodology.