Royal Financial Mortgage Rates, Fees & Info

WILMINGTON, DE

LEI: 549300ZUNYZG3NYL2P40

Tax ID: 36-1710600

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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, Akron, Little Rock, Peoria, and Naples among others. We have data for 5 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.

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    Originations

    102

    Origination Dollar Volume (All Markets)

    $48,600,000

    Employee count

    60

    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) 96 $35,610,000 $370,938 $0 0.00%
    AKRON, OH (FHA|USDA|VA) 1 $7,245,000 $7,245,000 $0 0.00%
    LITTLE ROCK-NORTH LITTLE ROCK-CONWAY, AR (FHA|USDA|VA) 1 $4,125,000 $4,125,000 $0 0.00%
    PEORIA, IL (FHA|USDA|VA) 1 $825,000 $825,000 $0 0.00%
    NAPLES-MARCO ISLAND, FL (FHA|USDA|VA) 3 $795,000 $265,000 $0 0.00%
    Royal Financial's top markets include Chicago, Akron, Little Rock, Peoria, and Naples among others.

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

    • Product Mix

    Loan Type Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Conventional 102 $48,600,000 $476,471 $0 0.00%

    For 2019, Royal Financial's most frequently originated type of loan was Conventional, with 102 originations.

    Loan Reason

    Loan Reason Originations Total Value Avg. Loan Avg. Fees Avg. Rate
    Home Purchase 50 $35,510,000 $710,200 $0 0.00%
    Cash Out Refi 24 $7,240,000 $301,667 $0 0.00%
    Refi 22 $4,930,000 $224,091 $0 0.00%
    Other 5 $695,000 $139,000 $0 0.00%
    Home Improvement 1 $225,000 $225,000 $0 0.00%

    For 2019, Royal Financial's most frequently cited loan purpose was Home Purchase, with 50 originations. The 2nd most popular reason was Cash Out Refi, with 24 originations.

    Loan Duration/Length

    Loan Length Originations Total Value Average Loan Average Fees Average Rate
    Other 102 $48,600,000 $476,471 $0 0.00%

    For 2019, Royal Financial's most frequently cited loan duration was Other, with 102 originations.

    Loan Sizing

    Loan Size Originations Total Value Average Loan Average Fees Average Rate
    $100k-200k 28 $3,950,000 $141,071 $0 0.00%
    $200k-400k 25 $6,785,000 $271,400 $0 0.00%
    $100,000 or less 17 $1,195,000 $70,294 $0 0.00%
    $400k-600k 15 $7,215,000 $481,000 $0 0.00%
    $600k-1MM 9 $7,295,000 $810,556 $0 0.00%
    $1MM+ 8 $22,160,000 $2,770,000 $0 0.00%

    2019 saw Royal Financial place emphasis on $100k-200k loans with 28 originations, totaling $3,950,000 in origination value.

    Applicant Income

    Applicant Income Originations Total Value Average Loan Average Fees Average Rate
    $50k-75k 13 $1,545,000 $118,846 $0 0.00%
    $100k-150k 10 $2,520,000 $252,000 $0 0.00%
    $50k or less 8 $570,000 $71,250 $0 0.00%
    $75k-100k 7 $1,205,000 $172,143 $0 0.00%
    $150k-250k 4 $1,890,000 $472,500 $0 0.00%
    $250k+ 1 $225,000 $225,000 $0 0.00%

    Royal Financial lent most frequently to those with incomes in the $50k-75k range, with 13 originations. The second most popular income band? $100k-150k, with 10 originations.

    Applicant Debt to Income Ratio

    DTI Ratio Originations Total Value Average Loan Average Fees Average Rate
    Exempt% 102 $48,600,000 $476,471 $0 0.00%

    Royal Financial lent most frequently to those with DTI ratios of Exempt%, with 102 originations.

    Ethnicity Mix

    Applicant Ethnicity Originations Total Value Average Loan Average Fees Average Rate
    Not applicable 50 $38,790,000 $775,800 $0 0.00%
    White 47 $9,055,000 $192,660 $0 0.00%
    Asian 1 $325,000 $325,000 $0 0.00%
    Not provided 2 $280,000 $140,000 $0 0.00%
    Black 2 $150,000 $75,000 $0 0.00%

    Approval Rates

    Total approvals of all applications
    88.00%

    Royal Financial has an average approval rate.

    Pick Rate

    Approvals leading to origination
    76.47%

    Royal Financial has a below average pick rate.

    Points and Fees

    Points Originations Total Value Average Loan
    Exempt 102 $48,600,000 $476,471

    Occupancy Type Mix

    Dwelling Type Originations Total Value Average Loan
    Multifamily:Site-Built 41 $33,615,000 $819,878
    Single Family (1-4 Units):Site-Built 61 $14,985,000 $245,656

    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 $14,144
    Royal Savings Bank 1823 W. 47th Street Chicago, IL 60609 Full Service B&M $5,918
    Royal Savings Bank 21 East Ogden Avenue Westmont, IL 60559 Full Service B&M $34,900
    Royal Savings Bank 2740 West 55th Street Chicago, IL 60632 Full Service B&M $21,774
    Royal Savings Bank 2869 South Archer Ave Chicago, IL 60608 Full Service B&M $28,840
    Royal Savings Bank 3448 E. 118th Street Chicago, IL 60617 Full Service Retail $21,297
    Royal Savings Bank 5400 South Pulaski Road Chicago, IL 60632 Full Service B&M $49,424
    Royal Savings Bank 7840 N. Milwaukee Avenue Niles, IL 60714 Full Service B&M $54,866
    Royal Savings Bank 9226 South Commercial Avenue Chicago, IL 60617 Full Service B&M $123,089

    For 2019, Royal Financial had 9 branches.

    Yearly Performance Overview

    Bank Income

    Item Value (in 000's)
    Total interest income $18,106
    Net interest income $14,242
    Total noninterest income $676
    Gross Fiduciary activities income $0
    Service charges on deposit accounts $259
    Trading account gains and fees $0
    Additional Noninterest Income $417
    Pre-tax net operating income $5,792
    Securities gains (or losses, -) $0
    Income before extraordinary items $3,963
    Discontinued Operations (Extraordinary gains, net) $0
    Net income of bank and minority interests $3,963
    Minority interest net income $0
    Net income $3,963
    Sale, conversion, retirement of capital stock, net $270
    Net operating income $3,963

    Royal Financial's gross interest income from loans was $18,106,000.
    Royal Financial's net interest income from loans was $14,242,000.
    Royal Financial's fee based income from loans was $259,000.
    Royal Financial's net income from loans was $3,963,000.

    Bank Expenses

    Item Value (in 000's)
    Total interest expense $3,864
    Provision for credit losses $0
    Total noninterest expense $9,126
    Salaries and employee benefits $4,518
    Premises and equipment expense $1,711
    Additional noninterest expense $2,897
    Applicable income taxes $1,829
    Net charge-offs $169
    Cash dividends $4,839

    Royal Financial's interest expense for loans was $3,864,000.
    Royal Financial's payroll and benefits expense were $4,518,000.
    Royal Financial's property, plant and equipment expenses $1,711,000.

    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 $355,868
    Deposits held in domestic offices $355,868
    Deposits by Individuals, partnerships, and corporations $323,432
    Deposits by U.S. Government $0
    Deposits by States and political subdivisions in the U.S. $1,743
    Deposits by Commercial banks and other depository institutions in U.S. $30,693
    Deposits by Banks in foreign countries $0
    Deposits by Foreign governments and official institutions $0
    Transaction accounts $61,263
    Demand deposits $43,384
    Nontransaction accounts $294,605
    Money market deposit accounts (MMDAs) $71,251
    Other savings deposits (excluding MMDAs) $88,711
    Total time deposits $134,642
    Total time and savings deposits $312,484
    Noninterest-bearing deposits $48,346
    Interest-bearing deposits $307,522
    Retail deposits $313,340
    IRAs and Keogh plan accounts $16,881
    Brokered deposits $28,043
    Deposits held in foreign offices $0

    Assets

    Asset Value (in 000's)
    Total Assets $404,765
    Cash & Balances due from depository institutions $30,902
    Interest-bearing balances $26,721
    Total securities $39,192
    Federal funds sold & reverse repurchase $147
    Net loans and leases $307,629
    Loan and leases loss allowance $2,528
    Trading account assets $0
    Bank premises and fixed assets $15,586
    Other real estate owned $298
    Goodwill and other intangibles $2,505
    All other assets $8,506

    Liabilities

    Liabilities Value (in 000's)
    Total liabilities and capital $404,765
    Total Liabilities $357,626
    Total deposits $355,868
    Interest-bearing deposits $307,522
    Deposits held in domestic offices $355,868
    % insured (estimated) $85
    Federal funds purchased and repurchase agreements $0
    Trading liabilities $0
    Other borrowed funds $0
    Subordinated debt $0
    All other liabilities $1,758

    Issued Loan Types

    Type Value (in 000's)
    Net loans and leases $307,629
    Loan and leases loss allowance $2,528
    Total loans and leases (domestic) $310,157
    All real estate loans $301,423
    Real estate loans in domestic offices $301,423
    Construction and development loans $28,014
    Residential 1-4 family construction $10,479
    Other construction, all land development and other land $17,535
    Loans secured by nonfarm nonresidential properties $77,460
    Nonfarm nonresidential secured by owner-occupied properties $34,306
    Commercial real estate & other non-farm, non-residential $43,154
    Multifamily residential real estate $69,911
    1-4 family residential loans $126,038
    Farmland loans $0
    Loans held in foreign offices $0
    Farm loans $0
    Commercial and industrial loans $7,150
    To non-U.S. addressees $0
    Loans to individuals $1,530
    Credit card loans $0
    Related Plans $0
    Consumer Auto Loans $1
    Other loans to individuals $1,529
    All other loans & leases $54
    Loans to foreign governments and official institutions $0
    Other loans $54
    Loans to depository institutions and acceptances of other banks $0
    Loans not secured by real estate $0
    Loans secured by real estate to non-U.S. addressees $0
    Restructured Loans & leases $483
    Non 1-4 family restructured loans & leases $36
    Total loans and leases (foreign) $0

    ROYAL FINANCIAL had $307,629,000 of loans outstanding in 2019. $301,423,000 of loans were in real estate loans. $28,014,000 of loans were in development loans. $69,911,000 of loans were in multifamily mortgage loans. $126,038,000 of loans were in 1-4 family mortgage loans. $0 of loans were in farm loans. $0 of loans were in credit card loans. $1,000 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 153 $34,723 $226,948
    Nonfarm, nonresidential loans - <$100k 26 $1,512 $58,154
    Nonfarm, nonresidential loans - $100-250k 63 $9,863 $156,556
    Nonfarm, nonresidential loans - $250k-1MM 64 $23,348 $364,813
    Commercial & Industrial, US addressed loans - <$1MM 48 $5,847 $121,813
    Commercial & Industrial, US addressed loans - <$100k 22 $678 $30,818
    Commercial & Industrial, US addressed loans - $100-250k 15 $1,393 $92,867
    Commercial & Industrial, US addressed loans - $250k-1MM 11 $3,776 $343,273