Royal Financial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300ZUNYZG3NYL2P40

Tax ID: 36-1710600

Latest/2022 | 2021 Data | 2020 Data | 2019 Data | 2018 Data

Jump to:

Mortgage Data

  • Originations
  • Top Markets
  • Product Mix
  • Loan Reason
  • Typical Rates
  • Loan Sizes
  • Dwelling Types
  • Loan Length
  • Loan to Value Info
  • Debt-to-Income
  • Applicant Income
  • Ethnicity Info
  • Approval & Pick Rates
  • Points and Fees
  • Origination Fees (Closing Costs)

    • Bank Data

  • Branches
  • Income
  • Loan Types
  • Deposit Mix
  • Loan Performance
  • Assets
  • Business Loans

    • Review & Overview

    Royal Financial is a smaller mortgage company specializing in Home Purchase loans. Royal Financial has a high proportion of conventional loans. Their top markets by origination volume include: Chicago, Columbus, and Michigan City among others. We have data for 3 markets. (Some data included below & more in-depth data is available with an active subscription.)

    Royal Financial has an average approval rate when compared to the average across all lenders. They have a below average pick rate when compared to similar lenders.

    We show data for every lender and do not change our ratings-- even if an organization is a paid advertiser. Our consensus data does have lag, but it is highly correlated to a lender's rates & fees relative to their markets. This means that if a bank is a low fee/rate lender the past-- chances are they are still one today. Our SimulatedRates™ use advanced statistical techniques to forecast different rates based on a lender's historical data.

    Mortgage seekers: Choose your metro area here to explore the lowest fee & rate lenders.

    Mortgage professionals: We have various tools to make your lives easier. Contact us to see how we can help with your market research, analytics or advertising needs.


    Originations

    93

    Origination Dollar Volume (All Markets)

    $49,535,000

    Employee count

    62

    Top Markets

    Zoom/scroll map to see bank's per metro statistics. Subscribers can configure state/metro/county granularity, assorted fields and quantity of results. This map shows top 10 markets in the map viewport, as defined by descending origination volume.

    Market Originations Total Value Average Loan Average Fees Average Rate
    Chicago-Naperville-Elgin, IL-IN-WI (FHA|USDA|VA) 91 $44,185,000 $485,549 $0 0.00%
    COLUMBUS, OH (FHA|USDA|VA) 1 $4,805,000 $4,805,000 $0 0.00%
    MICHIGAN CITY-LA PORTE, IN (FHA|USDA|VA) 1 $545,000 $545,000 $0 0.00%
    Royal Financial's top markets include Chicago, Columbus, and Michigan City among others.

    Their top states include:
  • Illinois (FHA|USDA|VA)
  • Ohio (FHA|USDA|VA)
  • Indiana (FHA|USDA|VA)

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 93 $49,535,000 $532,634 $0 0.00%

    For 2018, Royal Financial's most frequently originated type of loan was Conventional, with 93 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $36,420,000 $728,400 $0 0.00%
    Refi 22 $5,910,000 $268,636 $0 0.00%
    Cash Out Refi 17 $6,455,000 $379,706 $0 0.00%
    Home Improvement 4 $750,000 $187,500 $0 0.00%

    For 2018, Royal Financial's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Refi, with 22 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 93 $49,535,000 $532,634 $0 0.00%

    For 2018, Royal Financial's most frequently cited loan duration was Other, with 93 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 24 $3,360,000 $140,000 $0 0.00%
    $200k-400k 17 $4,845,000 $285,000 $0 0.00%
    $400k-600k 16 $7,820,000 $488,750 $0 0.00%
    $600k-1MM 14 $10,540,000 $752,857 $0 0.00%
    $100,000 or less 11 $725,000 $65,909 $0 0.00%
    $1MM+ 11 $22,245,000 $2,022,273 $0 0.00%

    2018 saw Royal Financial place emphasis on $100k-200k loans with 24 originations, totaling $3,360,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $100k-150k 10 $2,090,000 $209,000 $0 0.00%
    $50k or less 9 $1,135,000 $126,111 $0 0.00%
    $250k+ 7 $4,465,000 $637,857 $0 0.00%
    $50k-75k 7 $875,000 $125,000 $0 0.00%
    $75k-100k 4 $1,030,000 $257,500 $0 0.00%
    $150k-250k 3 $995,000 $331,667 $0 0.00%

    Royal Financial lent most frequently to those with incomes in the $100k-150k range, with 10 originations. The second most popular income band? $50k or less, with 9 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 93 $49,535,000 $532,634 $0 0.00%

    Royal Financial lent most frequently to those with DTI ratios of Exempt%, with 93 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 38 $34,970,000 $920,263 $0 0.00%
    White 47 $13,145,000 $279,681 $0 0.00%
    Not provided 4 $680,000 $170,000 $0 0.00%
    Black 2 $540,000 $270,000 $0 0.00%
    Asian 1 $115,000 $115,000 $0 0.00%
    American Indian 1 $85,000 $85,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    83.14%

    Royal Financial has a below average approval rate.

    Pick Rate

    Approvals leading to origination
    52.69%

    Royal Financial has a low pick rate. They may have issues with closing loans or may approve everyone, but with onerous loan terms.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 93 $49,535,000 $532,634

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 45 $34,745,000 $772,111
    Single Family (1-4 Units):Site-Built 48 $14,790,000 $308,125

    Bank Details

    Branches

    Bank Name Branch Branch Type Deposits (000's)
    Royal Savings Bank 1410 West Taylor Street Chicago, IL 60607 Full Service B&M $24,512
    Royal Savings Bank 1823 W. 47th Street Chicago, IL 60609 Full Service B&M $4,181
    Royal Savings Bank 21 East Ogden Avenue Westmont, IL 60559 Full Service B&M $37,085
    Royal Savings Bank 2740 West 55th Street Chicago, IL 60632 Full Service B&M $21,336
    Royal Savings Bank 2869 South Archer Ave Chicago, IL 60608 Full Service B&M $48,333
    Royal Savings Bank 3448 E. 118th Street Chicago, IL 60617 Full Service Retail $23,819
    Royal Savings Bank 5400 South Pulaski Road Chicago, IL 60632 Full Service B&M $59,349
    Royal Savings Bank 7840 N. Milwaukee Avenue Niles, IL 60714 Full Service B&M $52,098
    Royal Savings Bank 9226 South Commercial Avenue Chicago, IL 60617 Full Service B&M $74,328

    For 2018, Royal Financial had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $17,665
    Net interest income $15,019
    Total noninterest income $795
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $283
    Trading account gains and fees $0
    Additional Noninterest Income $512
    Pre-tax net operating income $6,017
    Securities gains (or losses, -) $-36
    Income before extraordinary items $4,700
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $4,700
    Minority interest net income $0
    Net income $4,700
    Sale, conversion, retirement of capital stock, net $59
    Net operating income $4,728

    Royal Financial's gross interest income from loans was $17,665,000.
    Royal Financial's net interest income from loans was $15,019,000.
    Royal Financial's fee based income from loans was $283,000.
    Royal Financial's net income from loans was $4,700,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $2,646
    Provision for credit losses $675
    Total noninterest expense $9,122
    Salaries and employee benefits $4,502
    Premises and equipment expense $1,916
    Additional noninterest expense $2,704
    Applicable income taxes $1,281
    Net charge-offs $-93
    Cash dividends $3,470

    Royal Financial's interest expense for loans was $2,646,000.
    Royal Financial's payroll and benefits expense were $4,502,000.
    Royal Financial's property, plant and equipment expenses $1,916,000.

    Loan Performance

    Type of Loan % of Loans Noncurrent (30+ days, end of period snapshot)
    All loans 0.0%
    Real Estate loans 0.0%
    Construction & Land Development loans 0.0%
    Nonfarm, nonresidential loans 0.0%
    Multifamily residential loans 0.0%
    1-4 family residential loans 0.0%
    HELOC loans 0.0%
    All other family 0.0%
    Commercial & industrial loans 0.0%
    Personal loans 0.0%
    Credit card loans 0.0%
    Other individual loans 0.0%
    Auto loans 0.0%
    Other consumer loans 0.0%
    Unsecured commercial real estate loans 0.0%

    Deposits

    Type Value (in 000's)
    Total deposits $347,082
    Deposits held in domestic offices $347,082
    Deposits by Individuals, partnerships, and corporations $317,065
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $0
    Deposits by Commercial banks and other depository institutions in U.S. $30,018
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $61,277
    Demand deposits $48,161
    Nontransaction accounts $285,806
    Money market deposit accounts (MMDAs) $71,037
    Other savings deposits (excluding MMDAs) $90,774
    Total time deposits $123,995
    Total time and savings deposits $298,922
    Noninterest-bearing deposits $48,160
    Interest-bearing deposits $298,922
    Retail deposits $308,178
    IRAs and Keogh plan accounts $19,614
    Brokered deposits $28,062
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $406,773
    Cash & Balances due from depository institutions $7,857
    Interest-bearing balances $4,151
    Total securities $42,959
    Federal funds sold & reverse repurchase $102
    Net loans and leases $327,793
    Loan and leases loss allowance $2,697
    Trading account assets $0
    Bank premises and fixed assets $14,685
    Other real estate owned $308
    Goodwill and other intangibles $2,645
    All other assets $10,424

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $406,773
    Total Liabilities $360,336
    Total deposits $347,082
    Interest-bearing deposits $298,922
    Deposits held in domestic offices $347,082
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $12,000
    Subordinated debt $0
    All other liabilities $1,254

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $327,793
    Loan and leases loss allowance $2,697
    Total loans and leases (domestic) $330,490
    All real estate loans $318,159
    Real estate loans in domestic offices $318,159
    Construction and development loans $29,177
    Residential 1-4 family construction $7,110
    Other construction, all land development and other land $22,067
    Loans secured by nonfarm nonresidential properties $79,912
    Nonfarm nonresidential secured by owner-occupied properties $30,227
    Commercial real estate & other non-farm, non-residential $49,685
    Multifamily residential real estate $57,520
    1-4 family residential loans $151,550
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $10,345
    To non-U.S. addressees $0
    Loans to individuals $1,983
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $9
    Other loans to individuals $1,974
    All other loans & leases $3
    Loans to foreign governments and official institutions $0
    Other loans $3
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $40
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $446
    Non 1-4 family restructured loans & leases $46
    Total loans and leases (foreign) $0

    ROYAL FINANCIAL had $327,793,000 of loans outstanding in 2018. $318,159,000 of loans were in real estate loans. $29,177,000 of loans were in development loans. $57,520,000 of loans were in multifamily mortgage loans. $151,550,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $9,000 of loans were in the auto loan category.

    Small Business Loans

    Categorization # of Loans in Category $ amount of loans (in 000's) Average $/loan
    Nonfarm, nonresidential loans - <$1MM 148 $29,095 $196,588
    Nonfarm, nonresidential loans - <$100k 31 $1,700 $54,839
    Nonfarm, nonresidential loans - $100-250k 61 $7,993 $131,033
    Nonfarm, nonresidential loans - $250k-1MM 56 $19,402 $346,464
    Commercial & Industrial, US addressed loans - <$1MM 56 $6,854 $122,393
    Commercial & Industrial, US addressed loans - <$100k 24 $846 $35,250
    Commercial & Industrial, US addressed loans - $100-250k 18 $1,780 $98,889
    Commercial & Industrial, US addressed loans - $250k-1MM 14 $4,228 $302,000