Royal Credit Union mortgage approval rate & lending review
Royal Credit Union decided 7,338 mortgage applications and funded 6,691 loans across the 616 counties Fat Boy Data covers, 2023–2025.
These are the decisions Royal Credit Union reported under the Home Mortgage Disclosure Act, not its advertised interest rates.
Royal Credit Union at a glance
Approval is 12.6 points above the 80.6% national rate for the same mix of loan types.
Approval rates 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 |
Fat Boy Data covers 616 counties, 79.6% of the US population, not every county in every state. States with fewer than 20 decisions are not listed.Methodology.
Where Royal Credit Union lends most
| County | Loan type | Approval | Decided | Loans made |
|---|---|---|---|---|
| Hennepin County, MN | Mortgage lenders | 98% | 1,255 | 1,215 |
| Eau Claire County, WI | Mortgage lenders | 99% | 1,084 | 1,037 |
| Ramsey County, MN | Mortgage lenders | 97% | 700 | 671 |
| Eau Claire County, WI | Home improvement loans | 90% | 687 | 603 |
| Anoka County, MN | Mortgage lenders | 98% | 480 | 460 |
| Dakota County, MN | Mortgage lenders | 97% | 424 | 408 |
| Washington County, MN | Mortgage lenders | 97% | 405 | 390 |
| Hennepin County, MN | Home improvement loans | 72% | 209 | 145 |
| Washington County, MN | Home improvement loans | 84% | 148 | 118 |
| Eau Claire County, WI | Cash-out refinance | 84% | 138 | 112 |
| Dakota County, MN | Home improvement loans | 82% | 137 | 111 |
| Ramsey County, MN | Home improvement loans | 70% | 159 | 109 |
The county markets where Royal Credit Union made the most loans. Each link opens that market with every lender ranked.
Questions about Royal Credit Union
What is Royal Credit Union's mortgage approval rate?
Royal Credit Union approved 93.2% of the 7,338 mortgage applications it decided across the 616 counties Fat Boy Data covers, 2023–2025, 12.6 points above the 80.6% national rate for the same mix of loan types.
How often do borrowers take the loan Royal Credit Union offers?
Borrowers accepted 98% of the loans Royal Credit Union approved, against 96% for all home purchase mortgage lenders nationally. A low take-up usually means the approved terms were not competitive.
What size loans does Royal Credit Union make?
The typical home purchase mortgage loan Royal Credit Union made was $255K; across all loan types its typical loan ran from $55K to $255K. HMDA reports amounts in $10,000 brackets, so these are midpoints.
Where does Royal Credit Union lend?
Royal Credit Union decided applications in 31 of the states Fat Boy Data covers, most of them in Minnesota, Wisconsin and Florida.
Can I apply to Royal Credit Union directly?
Yes. Royal Credit Union is a bank or credit union with 56 branches in the FDIC and NCUA registries, and it takes mortgage applications directly.
Does this page show Royal Credit Union's interest rates?
No. HMDA filings record who applied, who was approved and how much was borrowed, not the rate offered. Use the approval rate and take-up here to judge how Royal Credit Union treats applications, then get a rate quote from the lender.